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Island Federal Credit Union

Popular Accounts at this Credit Union

2.25%5-year CD60 Month Certificate
1.50%18-month CD18 Month Certificate Special
2.25%5-year IRA60 Month IRA Certificate (Traditional, Roth, CESA)

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

Island Federal Credit Union is headquartered in Hauppauge and is the 17th largest credit union in the state of New York. It is also the 210th largest credit union in the nation. It was established in 1955 and as of December of 2016, it had grown to 103 employees and 36,162 members at 9 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

Related Posts

Island FCU (NY) Raises Rates On Long-Term CDs - 1/23/2017

Island FCU ( NY) raised rates on its 60-month Certificate (2.25% APY) and 84-month Certificate (2.50% APY). Minimum deposit is $1k, with no stated balance cap.

Certificate Specials - Long Island, New York - 1/13/2017

Island Federal Credit Union certificate specials: 2.00% APY, 1.98% APR 48 month 1.75% APY, 1.74% APR 30 month 1.50% APY, 1.49% APR 18 month 1.00% APY, 1.00% APR 6 month Minimum balance to open CD's $1,000 for regular; $500 for Kids.

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Health Grade Components

NCUA #10023
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD7.26%
Annual Interest Income$28.9MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.24B$1.09B
LoansQ4 2016vs Q4 2015$628.4MM$484.9MM
DepositsQ4 2016vs Q4 2015$905.2MM$857.7MM
Equity CapitalQ4 2016vs Q4 2015$87.2MM$92.8MM
Loan Loss AllowanceQ4 2016vs Q4 2015$1.5MM$1.2MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.7MM$1.9MM
Real Estate OwnedQ4 2016vs Q4 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

0.20%--Roth IRA Savings
0.20%--Education IRA Savings
0.20%--Traditional 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 | 0.20% $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

2.50%$1k-84 Month Certificate
2.50%$500-84 Month Kid's Certificate
2.25%$1k-60 Month Certificate
2.25%$500-60 Month Kid's Certificate
2.00%$1k-48 Month Certificate Special
2.00%$500-48 Month Kid's Certificate Special
1.75%$1k-30 Month Certificate Special
1.75%$500-30 Month Kid's Special
1.50%$1k-18 Month Certificate Special
1.50%$500-18 Month Kid's Special
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
1.00%$1k-6 Month Certificate Special
1.00%$500-6 Month Kid's Certificate Special
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

2.50%$1k-84 Month IRA Certificate
2.25%$1k-60 Month IRA Certificate
2.00%$1k-48 Month IRA Certificate Special
1.75%$1k-30 Month IRA Special
1.50%$1k-18 Month IRA Special
1.30%$1k-36 Month IRA Certificate
1.20%$1k-24 Month IRA Certificate
1.00%$1k-6 Month IRA Special
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