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Island Federal Credit Union


Overview / Commentary
www.islandfcu.org
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 230th largest credit union in the nation. It was established in 1955 and as of September of 2020, it had grown to 138 employees and 44,635 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.
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Health
B

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #10023
Year Chartered1955
Employees138
Primary Regulator
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD1.33%
Annual Interest Income$30.5MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$1.63B$1.50B
LoansQ3 2020vs Q3 2019$937.6MM$874.2MM
DepositsQ3 2020vs Q3 2019$1.16B$1.20B
Equity CapitalQ3 2020vs Q3 2019$133.1MM$122.4MM
Loan Loss AllowanceQ3 2020vs Q3 2019$3.1MM$2.1MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$5.8MM$5.6MM
Real Estate OwnedQ3 2020vs Q3 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

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