Island Federal Credit Union

Overview / Commentary
120 Motor Pkwy
Hauppauge, NY 11788-5107

Island Federal Credit Union is headquartered in Hauppauge and is the 15th largest credit union in the state of New York. It is also the 211th largest credit union in the nation. It was established in 1955 and as of December of 2019, it had grown to 140 employees and 44,732 members at 10 locations. Island Federal Credit Union's money market rates are 82% 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.
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Health Grade Components

NCUA #10023
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD4.14%
Annual Interest Income$45.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.53B$1.56B
LoansQ4 2019vs Q4 2018$873.3MM$859.5MM
DepositsQ4 2019vs Q4 2018$1.17B$1.24B
Equity CapitalQ4 2019vs Q4 2018$120.8MM$94.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.2MM$2.0MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$5.2MM$5.9MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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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

0.20%--IRA Savings
0.05%$1-Regular Savings
0.05%--Vacation Club
0.05%--Holiday Club

Island Federal Credit Union Money Market Rates

0.80%*$1m*-Money Market Gold
OTHER TIERS: 0.05% Up to $50k | 0.25% $50k - $100k | 0.35% $100k - $250k | 0.45% $250k - $500k | 0.60% $500k - $1m
0.10%--Money Market Plus

Island Federal Credit Union Checking Account Rates

0.05%$2.5k-Checking Account

Island Federal Credit Union CD Rates

1.50%$1k-84 Month Certificate
1.50%$500-84 Month Kid's Certificate
1.40%$1k-60 Month Certificate
1.40%$500-60 Month Kid's Certificate
1.30%$1k-48 Month Certificate
1.30%$500-48 Month Kid's Certificate
1.25%$1k-30 Month Certificate Special
1.25%$500-30 Month Kid's Certificate Special
1.20%$1k-36 Month Certificate
1.20%$500-36 Month Kid's Certificate
1.10%$1k-24 Month Certificate
1.10%$500-24 Month Kid's Certificate
1.00%$1k-12 Month Certificate
1.00%$500-12 Month Kid's Certificate
0.75%$1k-6 Month Certificate
0.75%$500-6 Month Kid's Certificate
0.50%$1k-3 Month Certificate
0.50%$500-3 Month Kid's Certificate

Island Federal Credit Union IRA Rates

1.50%$1k-84 Month IRA Certificate
1.40%$1k-60 Month IRA Certificate
1.30%$1k-48 Month IRA Certificate
1.25%$1k-30 Month IRA Certificate Special
1.20%$1k-36 Month IRA Certificate
1.10%$1k-24 Month IRA Certificate
1.00%$1k-12 Month IRA Certificate
0.75%$1k-6 Month IRA Certificate
0.50%$1k-3 Month IRA Certificate

Cities: Bellmore, Brooklyn, Hauppauge, Hicksville, North Massapequa, Riverhead, Sayville, Selden, Stony Brook

Bellmore Branches
Branch Office2752 Sunrise HwyBellmore, NY 11710

Brooklyn Branches
Branch Office1750 86th StBrooklyn, NY 11214

Hauppauge Branches
Branch Office120 Motor PkwyHauppauge, NY 11788-5107

Hicksville Branches
Branch Office85 E Old Country RdHicksville, NY 11801-4243

North Massapequa Branches
Branch Office824 Hicksville RdNorth Massapequa, NY 11758-1262

Riverhead Branches
Branch Office1077 Old Country RdRiverhead, NY 11901-2019

Sayville Branches
Branch Office4820 Sunrise HwySayville, NY 11782-1013

Selden Branches
Branch Office920 Middle Country RdSelden, NY 11784

Stony Brook Branches
Branch OfficeStony Brk Health Science Tower Level 2Stony Brook, NY 11794-0001
Branch Office100 Nicolls RdStony Brook, NY 11790-3407

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