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Island Federal Credit Union

Popular Accounts at this Credit Union

1.65%5-year CD60 Month Certificate
1.50%4-year CD48 Month Certificate
1.30%3-year CD36 Month Certificate

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

Island Federal Credit Union is headquartered in Hauppauge and is the 18th largest credit union in the state of New York. It is also the 232nd largest credit union in the nation. It was established in 1955 and as of June of 2016, it had grown to 99 employees and 35,334 members at 9 locations. Island Federal Credit Union has an A 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, in Nassau County, New York; Local 1106; in Queens County, New York; Local 1108 in Suffolk County, New York; Local 1109 in Kings County, New York; Local 1102 in Staten Island, New York; Local 1105 in Bronx, New York.
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Reviews (1)

Do Not Use This Bank

I will never use this bank again. My auto loan is with Island Federal Credit Union and it has been a nightmare since day one. I made the mistake of signing up for "online banking"; therefore, no statements come in the mail and I could pay my bill online. Sounds like a good idea. No statements in the mail, BUT I cannot access my account online. I have spoken to several useless people at the bank...going on 1 year and still cannot pay a bill online. I tried to make a BBB complaint, but they are not listed on the BBB and this is why!!! My personal bank Chase takes 10 days to pay IFCU online as they do not expect payments from other banks online. Long story short...my credit is now being effected, because I cannot may payments online.


Health Grade Components

NCUA #10023
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD5.58%
Annual Interest Income$14.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.12B$1.04B
LoansQ2 2016vs Q2 2015$517.0MM$441.1MM
DepositsQ2 2016vs Q2 2015$884.7MM$809.2MM
Equity CapitalQ2 2016vs Q2 2015$107.3MM$95.1MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.2MM$1.2MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$2.2MM$1.3MM
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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* 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

0.25%--Regular IRA Savings
0.25%--Roth IRA Savings
0.25%--Education IRA Savings
0.05%--Regular Savings
0.05%--Vacation Club
0.05%--Holiday Club

Island Federal Credit Union Money Market Rates

0.45%*$250k*-Money Market GOLD
OTHER TIERS: 0.05% Up to $50k | 0.25% $50k - $100k | 0.35% $100k - $250k
0.10%--Money Market PLUS

Island Federal Credit Union Checking Account Rates

0.05%$2,500-Checking Account

Island Federal Credit Union CD Rates

2.02%$1k-84 Month Certificate
2.02%$500-84 Month Kid's Certificate
1.65%$1k-60 Month Certificate
1.65%$500-60 Month Kid's Certificate
1.50%$1k-48 Month Certificate
1.50%$500-48 Month Kid's Certificate
1.30%$1k-36 Month Certificate
1.30%$500-36 Month Kid's Certificate
1.20%$1k-24 Month Certificate
1.20%$500-24 Month Kid's Certificate
1.11%$1k-11 Month Certificate Special
1.11%$500-11 Month Kid's Special
1.10%$1k-18 Month Certificate
1.10%$500-18 Month Kid's Certificate
1.00%$1k-6 Month Certificate Special
1.00%$500-6 Month Kid's Certificate Special
0.75%$1k-7 Month Certificate
0.75%$500-7 Month Kid's Certificate
0.65%$1k-12 Month Certificate
0.65%$500-12 Month Kid's Certificate
0.45%$1k-6 Month Certificate
0.45%$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

2.02%--84 Month IRA Certificate
1.65%$1k-60 Month IRA Certificate
1.50%$1k-48 Month IRA Certificate
1.30%$1k-36 Month IRA Certificate
1.20%$1k-24 Month IRA Certificate
1.11%$1k-11 Month IRA Special
1.10%$1k-18 Month IRA Certificate
1.00%$1k-6 Month IRA Special
0.75%$1k-7 Month IRA Certificate
0.65%$1k-12 Month IRA Certificate
0.45%$1k-6 Month IRA Certificate
0.35%$1k-3 Month IRA Certificate

Island Federal Credit Union Locations
Branch Office85 E Old Country RdHicksville, NY 11801-4243
Branch Office120 Motor PkwyHauppauge, NY 11788-5107
Branch Office2752 Sunrise HwyBellmore, NY 11710
Branch Office1077 Old Country RdRiverhead, NY 11901-2019
Branch Office4820 Sunrise HwySayville, NY 11782-1013
Branch Office920 Middle Country RdSelden, NY 11784
Branch Office824 Hicksville RdNorth Massapequa, NY 11758-1262
Branch OfficeStony Brk Health Science Tower Level 2Stony Brook, NY 11794-0001
Branch Office100 Nicolls RdStony Brook, NY 11790-3407