TFCU Provides $1 Million Loan for The Lindenhurst Diner
November 4, 2016
Entrepreneur’s Vision and Funding from TFCU Brings Iconic Diner Back to Life
Lindenhurst, NY – The Lindenhurst Diner, one of the oldest and most historic and iconic dining establishments on Long Island’s South Shore, has been brought back to life thanks to the diner’s visionary owners, Valentino Zarboutis, Nick Glykos and Peter Glykos and a $1 million loan provided by Teachers Federal Credit Union, one of the country’s largest credit unions.
“The Lindenhurst diner is a landmark with strong ties to the community and has played an important part in the lives of residents and visitors for decades. I wanted to see it reopened and brought back to its glory. With the support of Teachers Federal Credit Union we were able to completely renovate the diner,” said Lindenhurst Diner owner and restaurateur Valentino Zarboutis. “The customers who have returned are impressed with the renovations and new amenities. Their energy and appreciation have been overwhelming.”
A six-month renovation process was undertaken to restore both the interior and exterior of the landmark diner, which first opened in 1954 and is located at 195 East Montauk Highway in Lindenhurst. The renovation has brought a new energy back to the six-decade-old establishment. The diner had been closed since March 2015 and celebrated its grand opening with local elected officials, dignitaries and representatives of Teachers Federal Credit Union.
“It is important for us at TFCU to support locally owned businesses here on Long Island. Our commercial lending operation is growing and we are always looking for opportunities to support entrepreneurs like Valentino Zarboutis,” said Robert G. Allen, TFCU President/CEO. “The renovation project for the Lindenhurst Diner is a perfect example of how our credit union is supporting the community. We are certain that this Long Island landmark will continue to be a part of the lives of the people from Lindenhurst and the surrounding communities for many years to come.”
“TFCU played an instrumental role in the process of ensuring that funding for the renovation was available. Credit union team members worked with me every step of the way. They also were present with us for the ribbon cutting making the grand reopening of the diner even more special,” added Mr. Zarboutis. “I decided to work with TFCU because I was impressed with their service in the past as well as their commitment to work with me to make this project happen.”
A grand reopening with a ceremonial ribbon cutting was held on Oct. 26 and was attended by Zarboutis, his partners, Nick and Peter Glykos, their families, dining staff and Robert G. Allen, TFCU President/CEO and TFCU staff.
Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, is a full-service, not-for-profit financial institution. TFCU was founded on Long Island in 1952 and now has over $5 billion in total assets, serves more than 265,000 members and has 25 full-service branches throughout Long Island including: Amityville, Bay Shore, Brookhaven National Laboratory, Central Islip, Commack, East Northport, Farmingville, Hauppauge, Holbrook, Huntington, Manorville, Merrick, Nesconset, North Babylon, North Massapequa, Oakdale, Patchogue, Port Jefferson Station, Riverhead, Rocky Point, Selden, Shirley, Smithtown, South Setauket, and Wading River. Members also have access to services at more than 5,000 shared service centers located across the country. TFCU offers financial services to all people and businesses located in Nassau and Suffolk counties. More information is available about TFCU by visiting www.teachersfcu.org or by calling (631) 698-7000.