Island Federal Credit Union


Overview / Commentary
631-851-1100
120 Motor Pkwy
Hauppauge, NY 11788-5160

Island Federal Credit Union is headquartered in Hauppauge and is the 16th largest credit union in the state of New York. It is also the 241st largest credit union in the nation. It was established in 1955 and as of December of 2020, it had grown to 141 employees and 44,734 members at 11 locations. Island Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Island Federal Credit Union is open to the following: (1) Those who live, work, attend school or worship in Nassau or Suffolk Counties in New York, with the exclusion of Shelter Island, Southampton, and East Hampton; (2) Members of locals of Communications Workers of America: Local 1104 (Nassau County, NY); Local 1106 (Queens County, NY); Local 1108 (Suffolk County, NY); Local 1109 (Kings County, NY); Local 1102 (Staten Island, NY); and Local 1105 (Bronx, NY); 3) Members of record of CWA Long Island Federal Credit Union #22209 as of June 30, 2013.
See current membership details

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Health
B+

Health Grade Components

Overall
NCUA #10023
Year Chartered1955
Employees141
Primary Regulator
Profit Margin
Return on Assets - YTD-0.58%
Return on Equity - YTD-7.96%
Annual Interest Income$39.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.62B$1.53B
LoansQ4 2020vs Q4 2019$962.6MM$873.3MM
DepositsQ4 2020vs Q4 2019$1.18B$1.17B
Equity CapitalQ4 2020vs Q4 2019$118.2MM$120.8MM
Loan Loss AllowanceQ4 2020vs Q4 2019$7.0MM$2.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$7.1MM$5.2MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Island Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Island Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Savings
0.05%$1-Regular Savings
0.05%--Vacation Club
0.05%--Holiday Club
0.05%--Escrow

Island Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-Money Market Gold
OTHER TIERS: 0.05% Up to $50k | 0.25% $50k - $100k | 0.30% $100k - $250k | 0.40% $250k - $500k
0.10%--Money Market Plus

Island Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2.5k-Checking Account

Island Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$500-60 Month Kid's Certificate
0.70%$1k-48 Month Certificate
0.70%$500-48 Month Kid's Certificate
0.70%$1k-60 Month Certificate
0.60%$1k-36 Month Certificate
0.60%$500-36 Month Kid's Certificate
0.50%$1k-6 Month Certificate
0.50%$500-6 Month Kid's Certificate
0.50%$1k-12 Month Certificate
0.50%$500-12 Month Kid's Certificate
0.50%$1k-24 Month Certificate
0.50%$500-24 Month Kid's Certificate
0.40%$1k-3 Month Certificate
0.40%$500-3 Month Kid's Certificate

Island Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-60 Month IRA Certificate
0.70%$1k-48 Month IRA Certificate
0.60%$1k-36 Month IRA Certificate
0.50%$1k-6 Month IRA Certificate
0.50%$1k-12 Month IRA Certificate
0.50%$1k-24 Month IRA Certificate
0.40%$1k-3 Month IRA Certificate
Locations

Availability



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