Island Federal Credit Union

120 Motor Parkway
Hauppauge, NY 11788
631-851-1100
www.islandfcu.org

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Island Federal Credit Union is headquartered in Hauppauge and is the 17^st largest credit union in the state of New York. It is also the 223^rd largest credit union in the nation. It was established in 1955 and as of December of 2012, it had grown to 67 employees and 25,865 members. Island Federal Credit Union has a 5-star health rating.

Competitive CD & IRA CD Rates at Island FCU in New York - 4/18/2012

Island Federal Credit Union continues to offer some competitive CD and IRA CD rates. The best one is a special 18-month certificate which has 1.26% APY. The standard CDs with terms over 1 year also ha ...

Hot 11-Month CD Special at Island Federal Credit Union in New York - Local Only - 5/19/2011

Island Federal Credit Union just increased the rate of its 11-month CD special. It now has the very competitive rate of 2.00% APY. Minimum deposit is $1,000. When I last reported on this deal in March ...

Top 30-Month CD Rate at Island FCU in New York - Local Only - 3/3/2011

Island Federal Credit Union continues to have a few competitive CD and IRA CD rates. The best one is the 30-month CD which has 2.05% APY. The 5-year CD is also pretty good with a 2.74% APY. They used ...

Top 9-Month and 5-Year CD Rates at Island FCU in New York - Local Only - 10/20/2010

Island Federal Credit Union has a couple good CD deals. First, there's a special 9-month CD with a 2.00% APY. This requires an Island Checking Account with VISA CheckCard and Direct Deposit (or pay 3 ...

2010

3/11 - 2.05% 18-Month CD & 3.00% 48-Month CD at Island FCU in New York - Local Only

2009

2008

10/6 - 5.12% 4-Month CD at Island FCU in New York

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See Rates for: Checking | Savings | Money Market | CD | IRA

Island Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.15%	-	-	Escrow
0.05%	-	-	Checking Account

Island Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	-	-	Regular IRA Savings
0.35%	-	-	Roth IRA Savings
0.35%	-	-	Education IRA Savings
0.15%	-	-	Regular Savings
0.15%	-	-	Vacation Club
0.15%	-	-	Holiday Club

Island Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.60%	$250k	-	Money Market GOLD
0.25%	-	-	Money Market PLUS

Island Federal Credit Union CD Rates

Apy	Min	Max	Product
1.55%	$1k	-	60 Month Certificate
1.55%	$500	-	60 Month Kid's Certificate
1.45%	$1k	-	48 Month Certificate
1.45%	$500	-	48 Month Kid's Certificate
1.35%	$1k	-	36 Month Certificate
1.35%	$500	-	36 Month Kid's Certificate
1.06%	$1k	-	24 Month Certificate
1.06%	$500	-	24 Month Kid's Certificate
0.60%	$1k	-	15 Month Certificate Special
0.60%	$500	-	15 Month Kid's Special
0.55%	$1k	-	9 Month Certificate Special
0.55%	$500	-	9 Month Kid's Special
0.50%	$1k	-	12 Month Certificate
0.50%	$500	-	12 Month Kid's Certificate
0.40%	$1k	-	6 Month Certificate
0.40%	$500	-	6 Month Kid's Certificate
0.35%	$1k	-	3 Month Certificate
0.35%	$500	-	3 Month Kid's Certificate

Island Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.55%	$1k	-	60 Month IRA Certificate
1.55%	$1k	-	60 Month Roth IRA Certificate
1.55%	$1k	-	60 Month Education IRA Certificate
1.45%	$1k	-	48 Month IRA Certificate
1.45%	$1k	-	48 Month Roth IRA Certificate
1.45%	$1k	-	48 Month Education IRA Certificate
1.35%	$1k	-	36 Month IRA Certificate
1.35%	$1k	-	36 Month Roth IRA Certificate
1.35%	$1k	-	36 Month Education IRA Certificate
1.06%	$1k	-	24 Month IRA Certificate
1.06%	$1k	-	24 Month Roth IRA Certificate
1.06%	$1k	-	24 Month Education IRA Certificate
0.60%	$1k	-	15 Month Education IRA Special
0.60%	$1k	-	15 Month IRA Special
0.60%	$1k	-	15 Month Roth IRA Special
0.55%	$1k	-	9 Month Education IRA Special
0.55%	$1k	-	9 Month IRA Special
0.55%	$1k	-	9 Month Roth IRA Special
0.50%	$1k	-	12 Month IRA Certificate
0.50%	$1k	-	12 Month Roth IRA Certificate
0.50%	$1k	-	12 Month Education IRA Certificate
0.40%	$1k	-	6 Month IRA Certificate
0.40%	$1k	-	6 Month Roth IRA Certificate
0.40%	$1k	-	6 Month Education IRA Certificate
0.35%	$1k	-	3 Month IRA Certificate
0.35%	$1k	-	3 Month Roth IRA Certificate
0.35%	$1k	-	3 Month Education IRA Certificate

Rates updated: 5/21/2013

Data for Q4 2012

Institution Statistics

ISLAND
NCUA #	10023
BankRate Report	View
Year Chartered	1955
Employees	67
Primary Regulator
Assets and Liabilities
Assets	$909.81 million
Loans	$259.58 million
Deposits	$757.88 million
Equity Capital	$99.73 million
Loan Loss Allowance	$903,000
Unbacked Noncurrent Loans	$1.39 million
Historic Data - December 2011
Assets	$792.80 million
Equity Capital	$91.60 million
Loan Loss Allowance	$730,000
Unbacked Noncurrent Loans	$2.31 million
Profit Margin - Quarterly
Net Interest Margin	2.15%
Return on Assets	0.85%
Return on Equity	7.74%
Interest Income	$23.98 million
Non-Interest Income	$4.85 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Island Federal Credit Union had $1.39 million in non-current loans and owned real-estate with $100.64 million in equity and loan loss allowances on hand to cover it. This gives Island Federal Credit Union a Texas Ratio of 1.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Island Federal Credit Union decreased significantly from 2.50% as of December 31, 2011 to 1.38% as of December 31, 2012, resulting in a positive change of 44.74%.This indicates that the balance sheet and financial strength for Island Federal Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Island Federal Credit Union has increased its total deposits by $62 million, resulting in 8.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Island Federal Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Island Federal Credit Union has $909.81 million in assets with $100.64 million in equity, resulting in a capitalization level of 11.06%, which is above average.