Victory State Bank: Make Saving Money Your First Habit


STATEN ISLAND, N.Y. – While everyone understands the importance of saving money, Victory State Bank is reminding you to start collecting your spare cash today.


Whether your stash is for an emergency fund, your retirement or to buy something special, you will determine what to do with your money and where it will go.


The Federal Trade Commission created an easy “To Do” checklist to learn how to manage your savings:

 

  • Consider yourself a creditor. When you write your check, write a check to yourself. Decide on a realistic amount. Deposit the money into a savings, investment or retirement account.
  • If you need some fast cash, consider selling items around the house you no longer use, either online, at a garage sale, or at a local consignment shop. When you sell online you may use an auction or classified ad site.
  • Avoid payday lenders. A payday loan is a cash advance secured by a personal check or paid by electronic transfer. It is very expensive credit.
Spending money could be your habit, but Victory state Bank shares these tips to make saving part of your life style.


About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.


Media Contact: Barton Horowitz
Relevant Public Relations, LLC
Headquarters: 718-682-1509
Mobile: 917-715-8761
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Points To Start-Up-Business Tax Tips From IRS

 

STATEN ISLAND, N.Y. – If you’re planning on opening a new business this summer, Victory State Bank suggests you review the Internal Revenue Service’s tax tips for new owners.

How you structure your business impacts your tax bill.  It is important to understand your taxes and explore your options.  

The IRS provides resources and tax tips that every small business owner should know:

Decide The Business Entity Your Going To Establish.The type of business entity will determine which tax form you have to file. The most common types of business are the sole proprietorship, partnership, corporation and S corporation.

Your Business Determines What Taxes You Must Pay And How You Pay Them. The four general types of business taxes are income tax, self-employment tax, employment tax and excise tax. READ MORE …

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 

Media Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Advocates For The Right Matchup

Between Credit Card And User

 

STATEN ISLAND, N.Y. – When it comes to matching your credit card to your life style, Victory State Bank lists key questions to get a good fit

Don’t just sign up, ask phone representatives to send you information, hook up with an online application or receive an uninvited application through the mail.

Bankrate.com emphasizes 15 important questions you’ll want to have answers to in order to make this major decision.  With the following questions intended to point you in the right direction, Victory State Bank encourages you to choose your credit card company wisely:

 1. Is there an introductory rate? What is it and how long does it last

 2. After that, what will my rate be?

 3. Is there an application fee? READ MORE ...

 

 

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 

Media Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Points to Limiting the Risks of Child Identity Theft


STATEN ISLAND, N.Y. – With the new school year underway, Victory State Bank would like to provide you with information on keeping your child’s identity safe at school. Your child’s school records are protected by the federal Family Educational Rights and Privacy Act (FERPA).  The Federal Trade Commission offers the following tips to help keep your child’s information safe: 

Find Out Who Has Access to Your Child’s Personal Information

Verify that the records are kept in a secure location.

Pay Attention to Forms from School

Forms that ask for personal information may come home with your child, or you may get them through the mail or by email. Look for terms like "personally identifiable information," "directory information," and "opt-out." Find out how your child’s information will be used, whether it will be shared, and with whom.

Read the Notices From Your Child’s School

Your school will send home an annual notice that explain explains your rights under FERPA, including your right to:

  • inspect and review your child's education records;
  • approve the disclosure of personal information in your child’s records; and
  • ask to correct errors in the records.

Ask Your Child’s School About its Directory Information Policy

Student directory information can include your child's name, address, date of birth, telephone number, email address, and photo. If you want to opt-out of the release of directory information to third parties, it’s best to put your request in writing and keep a copy for your files. If you don't opt-out, directory information may be available to the people in your child's class and school, and to the general public.

Ask For a Copy of Your School’s Policy on Surveys

The Protection of Pupil Rights Amendment gives you the right to see surveys and instructional materials before they are distributed to students.

Consider Other Programs That Take Place at the School

Your child may participate in programs, like sports and music activities, that aren't formally sponsored by the school. These programs may have web sites where children are named and pictured. Read the privacy policies of these organizations to find out if — and how — your child's information will be used and shared.

Take Action if Your Child’s School Experiences a Data Breach

Your child’s school or the school district may notify you of a data breach. If not, and you believe your child's information has been compromised, contact the school to learn more. Talk with teachers, staff, or administrators about the incident and their practices. Keep a written record of your conversations. Write a letter to the appropriate administrator, and to the school board, if necessary.

File a Complaint

You may file a written complaint with the U.S. Department of Education. Contact the Family Policy Compliance Office, U.S. Department of Education, 400 Maryland Ave., SW, Washington, DC 20202-5920, and keep a copy for your records. Visit the Deparment's website to learn more about FERPA.

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917 715 8761

Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 



Victory State Bank Shares Advice for Homeowners in Financial Distress

 

STATEN ISLAND, N.Y.  – If you are living in fear of losing your home, Victory State Bank wants you to know about a possible remedy.

If you are having financial difficulties -- due to a job loss, a higher mortgage payment, or any other reason -- you are not alone. 

The economic crisis has made it hard for many responsible homeowners to make ends meet.

According to the Federal Deposit Insurance Corp. (FDIC), the good news is that many people who were finding it difficult to make their mortgage payment have been able to save their home, and you can too.

 The FDIC warns that you could lose your home if you ignore the problem and do nothing. Get in touch with a counselor and your servicer (the company to whom you send your monthly mortgage payment) today.

In order to assist you, Victory State Bank is sharing the following helpful information from the FDIC:

Your Servicer Wants to Help

Your servicer wants to help you keep your home. Many servicers implemented new loan modification programs in 2009 to assist homeowners experiencing financial difficulties by lowering their monthly mortgage payments. Plus, many servicers are participating in the government's Making Home Affordable Program and are working with non-profit counseling agencies through HOPE NOW.

Contact Your Servicer Today

Many servicers have recently added new mortgage modification programs for home loans. Call your servicer even if your request has been turned down before, as you might qualify under a new program. Be patient and persistent if you don't reach your servicer on the first try, as other homeowners are seeking help as well. If you don't know who services your loan or how to contact them, check your mortgage statement or look on-line at http://HopeNOW.com/index.php.

Apply for a Loan Modification

In a mortgage loan modification, you and your servicer agree to permanently change one or more of the mortgage's terms to make the payments more manageable for you. The changes could include reducing the interest rate, extending the term of the loan, forbearing (interest free) or forgiving principal, or a combination of these factors.

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.