RAKE IN THE REWARDS …with Friends
We’ve made it easier than ever for you and a friend to share $200 when they open a Cash Back Checking account with Debit Mastercard. Here’s how:
- Share this offer with your friends along with your PERSONAL CODE.
- When your friend opens a Cash Back Checking account with $500 or more and maintains at least a $500 balance for 90 days, make sure that they include your PERSONAL CODE*.
- Once your friend meets the eligibility criteria, you’ll each receive $100 bonus.
Click below to get your PERSONAL CODE or to learn more. Hurry…this offer is only available for a limited time. Learn More
HELOCs are not just for home improvements.
A Home Equity Line of Credit (HELOC) isn’t just for home improvements. It can be a key financial tool for other uses as well.
- Debt Consolidation
- A HELOC, which has a low rate, can be an effective way to pay off high-interest credit cards or personal loans. Consolidating debt into one single monthly payment can often be more convenient as well.
- Education Expenses
- College is expensive. While there are other loans out there, many parents use the flexibility of a HELOC to cover tuition, books, and living expenses for their student’s higher education.
- Emergency Expenses.
- Life happens. And we’re not always prepared for it. A HELOC helps give you access to funds to survive a family emergency.
- Major Life Events
- Weddings, adoptions, or big family celebrations often come with big price tags. A HELOC can help finance these events without maxing out credit cards or draining savings.
- Travel or Dream Purchases
- Used responsibly, a HELOC can help finance that once-in-a-lifetime vacation or even a large purchase such as a boat or an RV.
Visit islandfcu.com/heloc for current rates, or to book an appointment with an Island Federal representative.
Keys to a Smart Used Car Purchase
By banking at Island Federal, you have access to the best loan rates on pre-owned cars. But how do you find the best used car to buy? The average life of a used car purchase is 8 years, so it is worth spending the extra time to get the right car for you:
- Know what you want – Narrow down your list to 2 or 3 models based on reliability, economy, safety and key features. Consider insurance costs as well.
- Do your research – Check market prices with Kelley Blue Book or Edmunds, etc.. to understand fair prices. Also, read reviews from owners.
- Get pre-approved for an Auto Loan. Even before you have THE car, Island Federal can give you a pre—approval so you know what your payments will be and can get the best loan for your budget and credit rating. It also improves your negotiating ability.
- Shop around – Check out dealerships, online programs and consider using an Auto Broker. Cast a wide net.
- Inspect what you plan to buy. Use the VIN to pull a report from Carfax, etc. Have an independent mechanic look at the car.
- Final steps: Use your research as leverage to get the lowest price. Review title paperwork carefully and avoid all the ‘add-ons’ that dealers will push.
Are Your Home Insurance Premiums Through the Roof?
While the cost of home insurance has been increasing for many reasons, you can still lower your premiums on home insurance without sacrificing coverage:
- Shop Around and compare quotes from various companies.
- Don’t focus on price; look at the various coverages offered.
- Bundle Your Policies.
- Having your auto and home insurance policies with the same company can save you as much as 10% to 25%.
- Increase Your Deductible
- A high deductible means you’ll pay more out-of-pocket when you have a claim, but you’ll lower your premiums.
- Improve Home Safety and Security
- Adding smoke detectors, burglar alarms and a monitored home security system can pay for itself with lower premiums.
- Avoid Small Claims
- Filing frequent small claims can lead to higher premiums – or even non-renewal. Save your insurance for major losses.
Island Federal Insurance Agency is here to help you get the best deal on all insurance policies. Ask for a quote today by calling 631-213-5648.
Branch Hours & Locations
Monday – Wednesday 8:30am – 5:00pm
Thursday & Friday 8:30am – 6:00pm
Saturday 8:30am – 3:00pm
Bellmore- 2752 Sunrise Highway
East Setauket- 430 Route 25A
Hauppauge- 120 Motor Parkway
Hicksville- 85 East Old Country Road
Massapequa- 824 Hicksville Road
Riverhead- 1071 Old Country Road
Sayville- 4820 Sunrise Highway
Selden- 920 Middle Country Road
Stony Brook University- Health Sciences Center (Limited Hours)
Island Federal Leadership
Executive Staff
Craig A. Booth– President/CEO
Lisa Mingoia– EVP/Chief Financial Officer
Board of Directors
Richard A. Rapp – Chairman
Paul F. Scollan – Vice Chairman
John Vaughn – Treasurer
Tim Kiernan – Secretary
John F. Adragna – Director
John J. Brody – Director
Elizabeth Cardone – Director
Denise Reshard – Director
Tina M. Spy – Director
Shirley R. Watson– Director Emerita
Contact Us
Phone: 631-851-1100
Automated Teller: 631-851-1111
Routing Number: 221475896