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Island Federal Credit Union

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Photo courtesy of RMHC NYM

More than 250 guests turned out in their fall fashions to honor Island Federal Credit Union at the Ronald McDonald House Charities (RMHC) NY Metro 5th Annual Fall Celebration at Flowerfield in St. James, on Nov. 9. The event raised more than $125,000 for programs in Suffolk County. 

Members of the Island Federal Credit Union Board of Directors and Management Team were on hand for the celebration, including Island Federal Credit Union Branch Manager Jose Melendez and his family, who spoke about their personal connection to the Ronald McDonald House and the positive impact the organization has had on their lives. 

The funds will go toward the ongoing operation of RMHC NYM’s two Family Rooms at Stony Brook Children’s Hospital and Stony Brook Medicine Neonatal Intensive Care Unit, which opened earlier this year. RMHC NYM intends to build a new house on the grounds of Stony Brook Hospital in the near future that will to accommodate families from across Suffolk County who have a sick child receiving care in the area. 

“This was a terrific celebration of the work we have done and what we plan to do — specifically in Suffolk County — in the future,” said Matt Campo, CEO of RMHC NY Metro. “We depend so much on the support of our community, which donates their money and their time, to help the families that come to us in their greatest hour of need. We thank each and every one of them from the bottom of our hearts.” 

“Suffolk County has a tremendous need for a Ronald McDonald House, and we are determined to raise the funds to build it,” said Nick Croce, Board Member and Co-Chair of the Suffolk County Advisory Board for RMHC NYM. “We’ve raised $16.5 million already and with this kind of sustained support, we will be putting the shovel in the ground before we know it.” 

Pictured from left, Chris Murray, VP Marketing; Larry Dunn, Senior Director of Sales & Membership Experience; Damon Rivera, VP Technology; Paul Scollan, Board of Director; Matt Campo, RMHC NYM President; Bret Sears, Island President & CEO; Jeannine Bowden, AVP; John Adragna, Board Chairman; Craig Booth, SVP/COO; Tim Aaraas, VP Retail Lending; Catherine Roger, Director of Branch Operations; Jose Melendez, Hauppauge Branch Manager; Elizabeth Cardone, Board of Director; Vinny Accardi, Member Success Specialist.

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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.

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Island Federal Credit Union (Island Federal) has joined forces with Sal DiBenedetto, the well-known digital media producer also known as “The Grubfather,” to support a special effort to fight hunger on Long Island. Together they launched “Spread the Love February Grub Drive” in support of Long Island Cares. The campaign will run throughout the month of February 2022.

From left, Chris Murray and Sal DiBenedetto. Photo from Island Federal

“For more than a decade, Island Federal has supported Long Island Cares in its mission to combat hunger on Long Island. Now, working in partnership with the hugely popular Grubfather Sal DiBenedetto, we are expecting a tremendous response,” said Chris Murray, VP/Marketing, Island Federal. “Our goal is to raise $5,000 this month, but I do believe we can far exceed that.”

Sal DiBenedetto responds, “I’m extremely proud to work with Island Federal on projects that enhance the life of Long Islanders. As fans know, I feature great meals on my Grubfather digital media. What we often forget is that, despite the abundance of great food on Long Island, there are more than 259,000 Long Islanders who remain food insecure, nearly a third of whom are children. That’s why we decided to do this joint fundraiser for Long Island Cares.”

Murray continues, “February is the perfect month to show the love to our fellow Long Islanders. And we’ve made is especially easy to donate from your computer or phone in minutes. Our Island team worked with Long Island Cares to develop a secure website to let you make a cash donation in minutes and see the amount of food it will purchase.”

The “Spread the Love February Grub Drive,” which will run through Feb. 28, will be 100% virtual. To donate, visit islandfcu.com/grubdrive or the TheGrubfather Instagram page now through end of the month.

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Mt. Sinai teachers honored for their mentorship at halftime in the Mustang's homecoming game Oct 16. Bill

Section XI and Island Federal Credit Union have announced a new, innovative partnership to help support interscholastic sports in Suffolk County, establish financial literacy campaigns to support young men and women within our community, and award scholarships to deserving scholar athletes from Long Island.

“We are proud of this partnership because it represents large brands coming together for the sake of education and community involvement,” said Section XI Executive Director Tom Combs. “Between the events we’ll co-host, the creation of awards for student-athletes and the promotion of content on our pages, this was a no-brainer that we hope will enrich the organizations and our respective communities.”

One of the key aspects of this emerging partnership is the establishment of two scholar- athlete scholarships to be awarded to graduating seniors who embody athletic success, academic excellence, and a demonstration to improving the Long Island community. Coaches and athletic-directors will be able to nominate their players throughout the year with winners being announced in June.

Additionally, Island Federal has teamed up with Stony Brook University Athletic Department to host virtual financial literacy seminars designed to assist students and their families navigate the process of student loans, grants, scholarships, name, image, & likeness legislation, and other financial factors facing today’s college students and collegiate student-athlete.

“Island Federal is proud to support Section XI and high school sports throughout Suffolk County. Many of our employees, Members, and their children have participated in interscholastic sports during their high school years and can reminisce on wins and losses and time spent with close friends and teammates,” said Bret Sears, Island Federal Credit Union President and CEO. 

“We fully believe in the tremendous impact that safe and organized extracurricular activities play in the high school experience and in our communities. Additionally, on top of our financial commitment to Section XI, we are very proud to be offering scholar-athlete scholarships to Long Island students attending college next Fall,” he said.

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