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Island Federal

Photo courtesy of Island Federal

Island Federal Credit Union (Island Federal) will award $25,000 in college scholarships to graduating seniors in May 2025. Long Island high school seniors who plan to continue their education at a university, college, community college, or vocational school are invited to apply.

The 2025 Island Federal Scholarship Program provides scholarships to five (5) local high school seniors, all selected by random drawing among qualified applicants. There are no essays or transcripts required to enter.

Island Federal’s mission is to enable Long Islanders to achieve their dreams for themselves and their families, which includes helping them afford a college education. Since the launch of the Island Federal Scholarship Program in 1992, Island has given out $910,000 in scholarships to a total of 375 recipients,” said Craig Booth, President/CEO, Island Federal. He continues, “I look forward to presenting the scholarships to the 2025 recipients this spring.”

For complete requirements and applications, go to islandfcu.com/scholarship or visit any Island branch. Applications are due no later than Friday, April 25. The five winners will be announced on May 2.

 

From left, Isabella Williams, Island Federal's VP of Marketing Chris Murray, and Benjamin Dono. Photo courtesy of Island Federal

Island Federal Credit Union (Island Federal) recently presented Section XI Scholarships to two scholar-athletes from Suffolk County. Isabella Williams from Half Hollow Hills West High School in Dix Hills and Benjamin Dono of Riverhead High School each received $2,500 from Island Federal to help finance their college education.

“Island Federal has a long history of supporting local athletes whose talents extend well beyond the playing field. This year’s winners, Isabella and Benjamin, exhibit academic achievement, athletic excellence, and community involvement. We are pleased to award $2,500 to each of them towards their college expenses,” said Craig Booth, Interim President/CEO, Island Federal Credit Union.

Chris Murray, VP/Marketing at Island Federal added, “Coaches, school administrators, teachers, and family throughout Suffolk County sent us their nominations for the Island Federal/Section XI Scholarship. During the school year, Island Federal profiled many of these students on our social media. We received nominations of more than 260 deserving students, which made it difficult to select only two scholarship winners. Isabella and Benjamin were selected as they exhibit the leadership qualities that define a scholar-athlete.”

Murray continues, “Isabella is a well-rounded, three-sport athlete on the Varsity Field Hockey, Girls Basketball and Lacrosse Teams. Maintaining a GPA of 97.4, Isabella was named an AP Scholar and NYSPHSAA Scholar-Athlete and serves as National Honor Society President. Beyond her academic and athletic success, what truly distinguishes Isabella is her commitment to her community. Working with the district’s social workers, she runs an annual school supply drive for children in low socioeconomic districts. After Isabella and her sisters lost their dad to heart disease during the holidays, she and her sisters now prepare ‘blessing bags’ which include toiletries, snacks, gloves, and hats, which they personally deliver to the needy of Manhattan on Thanksgiving Day.

“Benjamin is a recognized two-sport Scholar-Athlete for Basketball and Tennis as well as Captain of the Varsity Men’s Basketball team. A member of both the National Honor Society and Foreign Language Honor Society, he maintained a weighted average of 108.39, ranking in the top 10 of his class of 468 students. To give back to his community, Benjamin cleaned up local beaches, worked at safe Halloween for young children and raised money for those in need. He was particularly proud to be a peer leader, visiting elementary schools to inspire future student athletes,” commented Murray.

Tom Combs, Executive Director, Section XI-NYSPHSAA added, “For the third consecutive year, we are proud to partner with Island Federal in highlighting the great achievements of our student-athletes. By presenting a monthly winner, then two winners of the year, it motivates many to succeed. This is a very high honor recognizing success in the classroom and on the field. We greatly appreciate Island Federal’s support of Section XI student-athletes.”

Photo from Island Federal

Island Federal Credit Union (Island Federal) awarded college scholarships to 11 graduating high school seniors totaling $50,000 on May 21.

“For nearly seven decades, Island Federal has been a trusted financial partner to tens of thousands of Long Island families, helping them to achieve their dreams, from buying their first car to owning a home to affording a college education for their children,” said Craig Booth, Interim President/CEO, Island Federal. “We are thrilled to be able to help make college more affordable through our Island Federal Scholarship Program.”

Kyle Hickam of Oceanside High School , Leah Vanderborgh of Sayville High School, and Megan Young of Bayport-BluePoint High School each received a $10,000 scholarship. 

Wendy Bonilla of Brentwood High School, Christopher Brito of West Babylon High School, Julieanna D’Amato of Rocky Point High School, Haley S. Orehek of Commack High School, Skyla Peltzman of Half Hollow Hills East High School in Dix Hills, Rachel Petri of Bellport High School, Angeli Rubinstein of Division Avenue High School in Levitown and Brian Schoemmell of Ward Melville High School in East Setauket each received a $2,500 scholarship.

Since the inception of the Scholarship program in 1992, Island Federal has awarded scholarships to 375 local high school graduates totaling $910,000.

Island Federal Credit Union (Island Federal) will award $50,000 in college scholarships to graduating seniors in June 2024. Long Island high school seniors who plan to continue their education at a university, college, community college or recognized vocational school are invited to apply.

The Island Federal Scholarship Program provides scholarships to 11 local high school seniors with 3 recipients receiving $10,000 and 8 receiving $2,500, all selected by random drawing among qualified applicants. There are no essays or transcripts required to enter.

For complete requirements and applications, go to islandfcu.com/scholarship or visit any Island branch. Applications are due no later than Friday, April 19.

“Island Federal’s mission is to enable Long Islanders to achieve their dreams for themselves and their families; that includes helping them afford a college education. Since the launch of the Island Federal Scholarship Program in 1992, Island has given out $855,000 in scholarships to a total of 363 recipients,” said Craig Booth, Interim President/CEO, Island Federal, who continues, “I look forward to presenting the scholarships to the 2024 recipients this spring.”

About Island Federal Credit Union

Island Federal Credit Union, headquartered in Hauppauge, N.Y., is a not-for-profit, full-service financial institution, providing affordable banking products and services to Long Islanders. Founded in 1955, Island has grown to be among the top performing credit unions in New York State with $1.4 billion in assets, serving over 50,000 Members.

From left, Craig W. Booth, EVP/COO, Island Federal; Dominick Trapani, Bradley Wyckoff, Lily Jackett, Kaitlin Stephens; Ashley Burke; Gemma Cartwright; Anna Rostkowski; Madison Sosnowski; Chris Murray, VP/Marketing; Island Federal. Not pictured: Lily Amato, Liam McGough, and Tabitha Schully. Photo from Island Federal

For the 31st consecutive year, Island Federal Credit Union (Island  Federal) has awarded college scholarships to graduating seniors from local high schools.  

“Island Federal’s mission is to help Long Islanders achieve their dreams for themselves and  their families. To make college more affordable for local high school graduates, we launched the  Island Federal Scholarship Program in 1992,” said Bret W. Sears, President/CEO, Island  Federal.   “Since its inception, the Island Federal Scholarship Program has awarded more than 363  scholarships totaling $855,000 to local high school graduates. Once again this year, we are proud to provide scholarships to 11 local seniors to help finance their higher  education.” 

The following is a list of 2023 recipients who will share $50,000 in scholarships: 

$10,000 winners: Ashley Burke, Babylon, Babylon High School; Bradley Wyckoff, Levittown, Chaminade High School; and Gemma Cartwright, Huntington, Huntington High School

$2,500 winners: Anna Rostkowski, Oakdale, Connetquot High School; Dominick Trapani, Bellmore, Mepham High School; Kaitlin Stephens, Hauppauge, Hauppauge High School; Liam McGough,  Southold, Southold High School; Lily Amato, St. James, Smithtown East High School; Lily Jackett, Port Jefferson, Ward Melville High School; Madison Sosnowski, Farmingdale, Farmingdale High School; and Tabitha Schully, Port Jefferson, Port Jefferson High School.

METRO photo

Island Federal Credit Union (Island Federal) has announced a new mortgage program to make it more affordable for first-time buyers to purchase a home on Long Island. For those who qualify, Island Federal’s Cut-the-Cost Mortgage Program reduces closing costs up to $5,000.

“Throughout our history, Island Federal has offered innovative programs to make homeownership possible for more Long Islanders. In 2018, we introduced the Dream it. Achieve it. Mortgage to allow up to 100% financing. We also offer the Heroes Mortgage that waives underwriting fees (approximately $600) for those who serve in the military, education, medical, or other service professions. The Cut-the-Cost Mortgage Program is the latest addition to the suite of products that enable first-time buyers to afford a home,” said Bret W. Sears, President/CEO, Island Federal.

“The Cut-the-Cost Mortgage Program is a terrific program for the first-time buyer as Island Federal provides up to $5,000 towards closing costs for those who qualify. While there are other mortgage programs that claim to offer ‘no closing costs,’ purchasers discover that their programs do not cover all fees. With our program, buyers will know what the costs will be, so there will be no surprises at closing,” added Tim Aaraas, Vice President/Retail Lending.

Aaraas continues, “In addition to specialized programs, Island Federal offers no-obligation seminars that review the mortgage process from application to closing. For Spanish-speaking home buyers, Island has mortgage professionals that are bilingual. To make it more convenient to apply, we have an Island-Easy Online Mortgage application that can be completed in as little as 10 minutes. Most of us dream of owning our own home. At Island, we want to make that possible.”

To learn more about Island Federal’s Mortgage options, visit www.islandfcu.com/mortgage.

On Dec. 3, musicians from the Stony Brook Music Department’s Instrument Petting Zoo caroled throughout the Stony Brook Children’s Hospital spreading holiday cheer and joy to the children, families and staff, thanks to funding provided by Island Federal. 

The Staller Center’s Instrument Petting Zoo is a program which helps the Staller Center for the Arts reach out to the community and share live interactive musical experiences for young people. 

“To be able to spend time at the Children’s Hospital and see the smiles on the kids faces and the tears of joy in the parents eyes as the musicians performed holiday music was emotional, but we’re so happy we were able to come together and collaborate in this way,” said Paul Newland, the Staller Center’s Outreach Director. “We are grateful to Island Federal who helped provide the support for this initiative and we’re already planning more musical visits.”