Island Federal Credit Union


Overview / Commentary
631-851-1100
120 Motor Pkwy
Hauppauge, NY 11788-5107

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 231st largest credit union in the nation. It was established in 1955 and as of June of 2020, it had grown to 149 employees and 44,570 members at 11 locations. Island Federal Credit Union 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

Health Grade Components

Overall
NCUA #10023
Year Chartered1955
Employees149
Primary Regulator
Profit Margin
Return on Assets - YTD0.14%
Return on Equity - YTD1.72%
Annual Interest Income$21.1MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.59B$1.49B
LoansQ2 2020vs Q2 2019$907.8MM$870.9MM
DepositsQ2 2020vs Q2 2019$1.15B$1.27B
Equity CapitalQ2 2020vs Q2 2019$134.8MM$120.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.4MM$2.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$7.9MM$4.9MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates

Rates for Island Federal Credit Union are currently being reviewed.

Locations

Availability



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