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 rates are listed in the credit union's rates page as of 3/11/2010.
My last post on this credit union was in August of 2009 when the 18-month CD had a 2.65% APY.
Membership is open to those who live, work, worship or attend school in Suffolk County or Nassau County (with the exception of the townships of East Hampton, Southampton or Shelter Island). Refer to the credit union's Who We Are page for more details. Membership requires a minimum balance of $5 the regular savings account.
Branches are located in Sayville, Hauppauge and Hicksville, New York.
Island FCU continues to have strong financial ratings for safety and soundness: 5 star rating (superior) at BauerFinancial (based on 12/31/09 data) and 4 star rating (sound) at Bankrate.com (based on 9/30/09 data). The credit union is federally insured by the NCUA (Charter # 10023).