Docstoc

Island Nwsltr Spring 05

Document Sample
Island Nwsltr Spring 05 Powered By Docstoc
					                                                                                              CATCH THE WAVE TO BETTER BANKING




                                                                                                        SUMMER 2012



                                                 Deposit at the ATM
Enhanced Online                                  Whenever You Want!
Banking with
Mobile Banking
Is Coming!
Be sure to sign up for
Online Banking at
www.islandfcu.com so
you’ll be among the first to
have these enhancements
coming this fall:
N Our upgraded Online
  Banking will let you
  view all your accounts
  at once.
N Mobile banking so you
  can check balances and
  make transfers from your
  smart phone 24/7/365.
                                                 All Island branches now have new state-of-the-art ATMs that accept both
                                                 check and cash deposits. You don’t even need an envelope: simply feed the

Mark Your
                                                 check or bills into the machine and they are scanned automatically. Then,

Calendar...
                                                 select which account you wish to make the deposit.


Labor Day
                                                 This is just the latest advancement in our ongoing investment in technology
   Monday, September 3, 2012
                                                 to make banking at Island as easy and convenient as you’ll find ANYWHERE.
Columbus Day
                                                 Remember, you can handle almost all of your banking needs at any Island
   Monday, October 8, 2012
                                                 ATM. Plus, unlike those “big banks,” our technology is free and available to
Veteran’ s Day
                                                 all Island members.
   Monday, November 12, 2012                                                             And this is only the beginning!
Thanksgiving
   Thursday, November 22, 2012                    In This Issue...
Christmas
   Tuesday, December 25, 2012                          • C heck ing    • A nnual M e et ing      • Yo ut h A cco unt s
All offices will be closed on the above dates.         • IR A          • S af e De po s it       • C o mmunit y
                                                       • Lo ans        • W hen Trav e ling       • S cho lar s hip
www.islandfcu.com
Really Free Checking                                                                                                                            Are you
that’s worth checking out!                                                                                                                      concerned
                                                                                                                                                about your
                                                                                                                                                Retirement
If you don’t have a Simply Free Checking account, you are missing out



                                                                                                                                                Savings?
on one of the truly best deals around. Look what it includes:

 Fr ee access to mor e than 28,000 sur char ge fr ee ATMs…that’s mor e
  th an most “Big Ban ks”
 Fr ee VISA® Ch eck Car d
 Fr ee Box of Ch ecks
                                                                                                                                                There is no such thing as a

 Fr ee On lin e Ban kin g
                                                                                                                                                “sure thing,” but we can come

 Fr ee Bill Payer
                                                                                                                                                close. Island now offers an IRA

 Fr ee Mobile Ban kin g (comin g ver y soon )
                                                                                                                                                Certificate Special with one of

 But ….th er e ar e No mon th ly fees or r equir ed min imums.
                                                                                                                                                the best rates you can find

  (Man y of th ose “Big Ban ks” con sider it fr ee ch eckin g even w h en
                                                                                                                                                anywhere. Plus, at Island, there

  th ey r equir e main tain in g a balan ce of $1 00 or MORE…
                                                                                                                                                are no problems with your

  th at’s n ot “fr ee” to us).
                                                                                                                                                required distribution.

                                                                                                                                                It isn’t hard to move your IRA
Best yet….you can open a Checking account from the convenience of                                                                               from another institution to
your home or office by clicking “Open an Account” on                                                                                            Island, a place you can trust.
www.islandfcu.com. You also can make a quick stop at any of our                                                                                 One of our Branch
branches.... and we’ll do the rest.                                                                                                             Representatives will help you
                                                                                                                                                through the process so you
                                                                                                                                                can start earning more as soon
                                                                                                                                                as possible.




                                                                                                                                                            Pre-Owned or New
                                                                                            Mortgage                                                      Auto Loans
                                                                                         15 - Year Special                                                  as



                                       1.49%
                                                                                                                                                       w
                                                                                                                                                  As lo
                                Home Equity                                               w as                                                                                               APR
                                                                                                                                                                                                        2


                                                                                     As lo


                                2.500%
                                Line of Credit                                                                                     RATE
                                                                                                                                            3


                                    s                                                                                                                                                                  r
                              wa                                                                                                                                  36 Months                       ase o



                          0.99% 2.565% 1.74%
                        As lo                                                                                                                                                                Purch ance
                                                                   APR
                                                                             1
                                                                                                                                                                                              Refin

                                                                                                                                                                                             APR
                                                                                                                                                                                                        2


                                                                                                                                   APR
                                                                                                                                           3




                                    First 12 Months
                                     Then 2.70%APR                                                                                                                60 Months
                                                                                                                                  FREE ck
                                                                                                                                      Lo
                                                                                                                                 Rate
APR=Annual Percentage Rate. Rates effective 7/19/12. Automatic payment from an Island FCU Checking account required for the life of the loan to receive these promotional rates. Promotional rates
for New Loans Only. Rates and terms subject to change without notice. All offers are subject to credit approval; applicants may be offered credit at higher rate and other terms. Loans rates featured are
the lowest for the product advertised. Homeowners insurance required on all loans secured by real property; flood insurance may also be required. Membership in Island FCU is open to anyone who lives,
works, worships or attends school in Nassau County or Suffolk County with the exception of the townships of East Hampton, Southampton or Shelter Island. Share account with $5 minimum balance
required. 1Home Equity Line Prime Minus 0.55%, 2.70%APR best available rate in effect. 22005 Vehicles or newer. 3Must have a 700 FICO score and Loan to Value must be 70% or less. One family,
primary residence in Nassau or Suffolk County.
  What makes better sense for me:
  a Home Equity Line of Credit
  or a Home Equity Loan?
   Both a Home Equity Line of Credit (HELOC) and a Home Equity Loan (or QHS) are financial
   products that allow homeowners to access the equity in their home at a particularly low
   rate. Funds can be used for home improvements, college expenses, or other expenses.

   This is a quick summary of the differences:

                      HELOC                                  Home Equity (or QHS) Loan
Funds are dispersed as needed.                      Funds are given out in one lump sum.
No closing costs.                                   Two options: No Closing Cost or Closing Cost Option.
Interest rate is variable, subject to change        Fixed rate for the life of the loan. Doesn’t change
as Prime Rate fluctuates.                           even if Prime Rate goes up or down.
Generally interest paid is tax deductible,          Generally interest paid is tax deductible,
but check with your financial advisor.              but check with your financial advisor.
                                                                                                        w...
                                                                                                   u kno
                                                                                             Did yo
   No matter which type of Home Equity you choose, it makes the BEST sense
   to secure your Home Equity Loan at Island where you can not only get a
                                                                                               at ALLDERS
                                                                                             Th AN
                                                                                                  L
   great rate, but have accommodating, local staff to help you through the
   process from start to finish. You can also apply online in minutes on our               NG bIaSk at Islrafnidn?ds.
                                                                                         LO can n you r e
   website, islandfcu.com.                                                                               tell
                                                                                              Be sure to


  2012 Annual Meeting
                                                                                    Mortgage
                                                                                    Officer
  Island Federal Credit Union
  Annual Meeting was held


                                                                                    Available in
  on April 25, 2012 at the
  Sheraton Long Island Hotel.


                                                                                    Hicksville
                                                                                    too!
                                                                                    If you are in the market for a
                                                                                    mortgage for either purchase
                                                                                    or refinance, Island now has
                                                                                    mortgage specialists available
                                                                                    at both our Hauppauge and
                                                                                    Hicksville branches. Kathy
                                                                                    Interlandi is available Monday
                                                                                    through Friday at the Hicksville
                                                                                    branch for your mortgage questions
             Pictured above: Board of Directors.
                                                                                    or to submit applications.
         Pictured right: B. Sears, President/CEO.
                                                                                         THE NEXT WAVE
                                                                                                 Summer Is
                                                                                                 the Time for
                                                                                                 Your Kids
                                                                                                 to Discover
                                                                                                 Island
    How Can I Access My                                                                          Banking Too!
  Accounts When Traveling?
Americans will hit the road in record-breaking numbers this summer.
It’s a good thing that you can access your Island accounts wherever
you go. Let’s count the ways:

I Online Banking with Bill Payer
This is simply the fastest and easiest way to check balances, transfer
among your accounts or pay bills wherever there is internet access.

I Surcharge-Free ATMs
All Island members have access to more than 28,000 surcharge-free ATMs                           When your children are on vacation,
through the CO-OP network. To access the list, you have several options:
                                                                                                 why not enhance their financial
     Click on the link under ATMs on the top of our website home
                                                                                                 education with a visit to Island.
       page to select any location in the US.
     Download the CO-OP ATM Locator from the iTunes App store for                               When they open a Youth Savings
       your iPhone, iPad or iTouch and you’ll find the closest ATM wherever                      account, they’ll get the first $5 just
       you are. The Android version will be available later this year.                           for opening the account, plus an

I Credit Union Shared Service Centers
                                                                                                 Island Treasure Chest bank. They
                                                                                                 can even learn how to deposit
There are more than 4,000 credit unions around the country where Island
members can cash checks, make a loan payment, or access their funds                              their coins into the convenient Coin
just like you would at an Island branch. A complete list is available at                         Machines to make easy deposits
www.islandfcu.com under the “About Us” dropdown menu.                                            (adult supervision required please).

Important to Note: If you are traveling a distance, especially if you will be visiting outside
of the country, please give us a call at 631-851-1100 to let us know. This will ensure that
your VISA® CheckCard and VISA Credit Card work appropriately wherever you go.



  Supervisory Committee
  The Island Federal Credit Union Supervisory Committee is made up of Volunteers, appointed by the Board of
  Directors, whose function it is to oversee all aspects of the credit union to determine that it is managed
  soundly and those members’ assets are being adequately safeguarded. Should you have an issue or concern
  that you feel has not been sufficiently addressed, please contact the Island FCU Supervisory Committee,
  P.O. Box 592, Plainview, NY 11803 or supervisory@islandfcu.org.
                                               OUR ISLAND COMMUNITY

2012 Scholarship Program                                                             LI Credit Union Food Drive
                                                                                     We kicked off the LI Credit Union Food Drive at the
Congratulations to the recipients of the 2012 Island
                                                                                     King Kullen location in Bellmore that is just steps
Federal Credit Union Scholarship Program. Twenty
                                                                                     away from our Bellmore branch.
graduating high school seniors each received $1,000
toward their college expenses.




                                                                                     Left to right: A. Fulgieri, Bellmore Branch Manager; M. Wyman,
                                                                                     Marketing Director.


                                                                                     Field of Wheels
Left to right: B. Florio; J. Iaccino; A. Franceschina; K.J. Ruppieko; S. Polimeni;   Island presented Newsday’s “Field of Wheels”,
K. Healy; B. Sears, President/CEO Island; P. Young, VP/COO; K. Canton;
J. Molinari; Z. Connors; T. Price; S. Dow; S. Sanders; C. Biging; B. Rivera.
                                                                                     Long Island’s largest classic car show.
Not pictured: R. Goess; M. Henningsen; M. Kata; M. Lynagh; L. Morrissey,
and S. Plunkett.


2012 Scholarship Recipients
CLARE BIGING, Sacred Heart Academy, Binghamton University
KENDALL CANTON, W. Hempstead HS, University of Delaware
ZACHARY CONNORS, Sayville HS, Farmingdale College
SARAH DOW, Newfield HS, University of Buffalo
BRADLY FLORIO, Massapequa HS, Molloy College
ANDREW FRANCESCHINA, Commack HS, Manhattan College
REBECCA GOESS, Islip HS, St. Bonaventure University
KATIE HEALY, Sachem HS N., Pace University                                           T. Rodriguez; K. Golly; T. Adamo; J. Melendez; Island pirate.


                                                                                     Caribbean Getaway Contest
MARK HENNINGSEN, Sayville HS, Concordia College
JOHN IACCINO, Connetquot HS, SUNY Delhi
                                                                                     Congratulations to the winners of the “Newsday
MICHAEL KATA, West Babylon HS, Utica College
                                                                                     Caribbean Getaway Contest” sponsored by Island.
MATTHEW LYNAGH, Mount Sinai HS, Suffolk County Comm. College
JOSEPH MOLINARI, West Babylon HS, St. Joseph’s College
LAURA MORRISSEY, Seaford HS, Loyola University
SHANE PLUNKETT, LI Lutheran HS, Alfred University
STEPHEN POLIMENI, JR., W.C. Mepham HS, Molloy College
TARA PRICE, Seaford HS, Clarkson University
BRIAN RIVERA, Connetquot HS, Five Towns College
KELLY JEAN RUPPIEKO, JFK HS, Hofstra University

                                                                                     B. Sears, Island President/CEO and Island Pirates welcome Newsday managers
SCOTT SANDERS, East Meadow HS, Binghamton University
                                                                                     and contest winners.
                                                                                                                                                                          PRSRT STD

IQ Tip :                                                                                                                                                                 U.S. Postage
                                                                                                                                                                             PAID
                                                                                                                                                                         Permit No. 66
                                                                                                                                                                        West Chester, PA

Review Your Credit Report                                                                      120 Motor Parkway
                                                                                               Hauppauge, NY 11788
Experts suggest that you review your credit
report at least twice per year to check for
any fraudulent activity or inaccurate infor-
mation. Everyone is entitled to a free credit
file disclosure, more commonly called a
“credit report,” from each of the three credit
reporting agencies – Equifax, Experian and
TransUnion – once every 12 months.
Simply go to www.annualcreditreport.com,
the official site to help consumers obtain
their free reports. To make it easy, there is
a direct link from www.islandfcu.com
under the “Resources” dropdown menu.

Safe Deposit boxes:
Peace of mind for
pennies a day!
Safe Deposit boxes are available in a variety
of sizes at the Hauppauge, Hicksville,
Sayville and Selden branches. For only a
few dollars per year, you will know that
your valuables are stored in a safe,
climate-controlled environment.



                                                                                  BOARD OF DIRECTORS
                                                                                  Shirley R. Watson...............................................................................Chairman
                                                                                  Edward G. Doster ......................................................................Vice Chairman
                                                                                  Timothy P. Kiernan ............................................................................Treasurer
                                                                                  John F. Adragna ..................................................................................Secretary
                                                                                  John J. Brody ........................................................................................Director

OFFICES
                                                                                  Denis A. Burgoyne ...............................................................................Director
                                                                                  Richard A. Rapp ...................................................................................Director
Hauppauge Main Office        Hicksville Branch          Selden Branch             Paul F. Scollan ......................................................................................Director
120 Motor Parkway            85 East Old Country Road   920 Middle Country Road   Tina M. Spy...........................................................................................Director
Hauppauge, NY 11788          Hicksville, NY 11801       Selden, NY 11784

                                                                                  EXECUTIVE STAFF
631-851-1100                 516-932-9300               631-846-2112
1-800-475-5263               Fax: 516-336-2662          Fax: 631-846-2130
Fax: 631-851-1112                                                                 Bret W. Sears........................................................................President/CEO
                                                                                  Joseph Riccardi ...............................................................................VP/CIO
Bellmore Branch              Sayville Branch                                      Anthony J. Sidoti ............................................................................VP/CLO
2752 Sunrise Highway         4820 Sunrise Highway                                 Randy J. Wiley ................................................................................VP/CFO
Bellmore, NY 11710           Sayville, NY 11782                                   Paul D. Young ...............................................................................VP/COO

                                                                                  Surcharge-free ATMs at:
516-809-4500                 631-567-0502
Fax: 516-809-4505            Fax: 631-567-0579


                 www.islandfcu.com


                                                                                                                           Scan this QR code
TouchTone Teller                     Office Hours
631-851-1111                         Monday, Tuesday, Wednesday
                                                                                                                           with your smartphone
800-383-5537                          8:30 a.m. - 4:30 p.m.
                                     Thursday, Friday
EFT Routing Number                    8:30 a.m. - 5:00 p.m.
221475896                            Saturday                                                                               Every member account is insured up to $250,000
                                      8:30 a.m. - 3:00 p.m.                                                                 by NCUA, a U.S. Government agency. IRA accounts
E-mail: Contact us through                                                                                                  are insured separately for up to $250,000.
www.islandfcu.com

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:4
posted:9/9/2012
language:Unknown
pages:6