Island Federal Credit Union

120 Motor Parkway
Hauppauge, NY 11788
800-475-5263
www.islandfcu.org

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Island Federal Credit Union is headquartered in Hauppauge and is the 19^st largest credit union in the state of New York. It is also the 244^th largest credit union in the nation. It was established in 1955 and as of September of 2011, it had grown to 58 employees and 25,777 members. Island Federal Credit Union's savings rates are 15% higher than the national average, and it boasts a 5-star health rating.

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 ...

2.05% 18-Month CD & 3.00% 48-Month CD at Island FCU in New York - Local Only - 3/11/2010

Island Federal Credit Union has a couple of competitive certificates: a 2.05% APY 18-month CD and a 3.00% APY 48-month CD. These are also available in an IRA CD. Minimum deposit is $1,000. These rate ...

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%	$2,500	-	Checking Account
0.15%	-	-	Escrow

Island Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.60%	-	-	Regular IRA Savings
0.40%	-	-	Regular Savings
0.40%	-	-	Vacation Club
0.40%	-	-	Holiday Club

Island Federal Credit Union Money Market Rates

Apy	Min	Max	Product
1.06%	$1m	-	Money Market GOLD
0.50%	-	-	Money Market PLUS

Island Federal Credit Union CD Rates

Apy	Min	Max	Product
2.27%	$1k	-	60 Month CD Certificate
2.27%	$500	-	60 Month Minor's CD Certificate
2.07%	$1k	-	48 Month CD Certificate
2.07%	$500	-	48 Month Minor's CD Certificate
1.70%	$1k	-	36 Month CD Certificate
1.70%	$500	-	36 Month Minor's CD Certificate
1.60%	$1k	-	30 Month CD Special
1.60%	$500	-	30 Month Minor's CD Special
1.41%	$1k	-	24 Month CD Certificate
1.41%	$500	-	24 Month Minor's CD Certificate
1.00%	$1k	-	11 Month CD Special
1.00%	$500	-	11 Month Minor's CD Special
0.95%	$1k	-	12 Month CD Certificate
0.95%	$500	-	12 Month Minor's CD Certificate
0.75%	$1k	-	6 Month CD Certificate
0.75%	$500	-	6 Month Minor's CD Certificate
0.55%	$1k	-	3 Month CD Certificate
0.55%	$500	-	3 Month Minor's CD Certificate

Island Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.27%	-	-	60 Month IRA Certificate
2.27%	-	-	60 Month Roth IRA Certificate
2.27%	-	-	60 Month CESA Certificate
2.07%	-	-	48 Month IRA Certificate
2.07%	-	-	48 Month Roth IRA Certificate
2.07%	-	-	48 Month CESA Certificate
1.70%	-	-	36 Month IRA Certificate
1.70%	-	-	36 Month Roth IRA Certificate
1.70%	-	-	36 Month CESA Certificate
1.60%	-	-	30 Month IRA Special
1.60%	-	-	30 Month Roth IRA Special
1.60%	-	-	30 Month CESA Special
1.41%	-	-	24 Month IRA Certificate
1.41%	-	-	24 Month Roth IRA Certificate
1.41%	-	-	24 Month CESA Certificate
1.00%	-	-	11 Month IRA Special
1.00%	-	-	11 Month Roth IRA Special
1.00%	-	-	11 Month CESA Special
0.95%	-	-	12 Month IRA Certificate
0.95%	-	-	12 Month Roth IRA Certificate
0.95%	-	-	12 Month CESA Certificate
0.75%	-	-	6 Month IRA Certificate
0.75%	-	-	6 Month Roth IRA Certificate
0.75%	-	-	6 Month CESA Certificate
0.55%	-	-	3 Month IRA Certificate
0.55%	-	-	3 Month Roth IRA Certificate
0.55%	-	-	3 Month CESA Certificate

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

ISLAND
NCUA #	10023
BankRate Report	View
Year Established	1955
Employees	58
Primary Regulator
Assets and Liabilities
Assets	$778.38 million
Loans	$182.76 million
Deposits	$680.27 million
Equity Capital	$91.54 million
Loan Loss Allowance	$801,000
Unbacked Noncurrent Loans	$2.43 million
Historic Data - September 2010
Assets	$653.56 million
Equity Capital	$74.03 million
Loan Loss Allowance	$464,000
Unbacked Noncurrent Loans	$2.70 million
Profit Margin - Quarterly
Net Interest Margin	2.49%
Return on Assets	0.88%
Return on Equity	7.44%
Interest Income	$19.31 million
Non-Interest Income	$2.22 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 September 30, 2011 Island Federal Credit Union had $2.43 million in non-current loans and owned real-estate with $92.34 million in equity and loan loss allowances on hand to cover it. This gives Island Federal Credit Union a Texas Ratio of 2.63% 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 slightly from 3.62% as of September 30, 2010 to 2.63% as of September 30, 2011, resulting in a positive change of 27.49%.This indicates that the balance sheet and financial strength for Island Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Island Federal Credit Union has increased its total deposits by $105.65 million, resulting in 18.39% 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 $778.38 million in assets with $92.34 million in equity, resulting in a capitalization level of 11.86%, which is above average.