Island Federal Credit Union

Overview / Commentary
120 Motor Pkwy
Hauppauge, NY 11788-5180

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 314th largest credit union in the nation. It was established in 1955 and as of September of 2022, it had grown to 148 employees and 48,183 members at 11 locations. Island Federal Credit Union's CD rates are 2X 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.
See current membership details


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

NCUA #10023
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD6.41%
Annual Interest Income$30.1MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.42B$1.55B
LoansQ3 2022vs Q3 2021$986.7MM$969.9MM
DepositsQ3 2022vs Q3 2021$1.17B$1.23B
Equity CapitalQ3 2022vs Q3 2021$68.2MM$114.9MM
Loan Loss AllowanceQ3 2022vs Q3 2021$4.8MM$5.8MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$5.5MM$4.7MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Report an Issue

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

5.00%*$100*$500High Five Youth Savings
OTHER TIERS: 0.05% $500+
0.20%--IRA Savings
0.05%$1-Regular Savings
0.05%--Vacation Club
0.05%--Holiday Club

Island Federal Credit Union Money Market Rates

0.75%*$250k*-Money Market Gold
OTHER TIERS: 0.50% Up to $100k | 0.70% $100k - $250k
0.10%$2.5k-Money Market Plus

Island Federal Credit Union Checking Account Rates

0.25%*-$500Teen Checking
OTHER TIERS: 0.05% $500+
0.05%$2.5k-Checking Account

Island Federal Credit Union CD Rates

4.41%$500-20 Months Certificate Special
4.41%$500-20 Months Kid's Certificate Special
4.17%$500-16 Month Certificate Special
4.17%$500-16 Month Kid's Certificate Special
3.93%$500-9 Month Certificate Special
3.93%$500-9 Month Kid's Certificate Special
2.81%$500-60 Month Certificate
2.81%$500-60 Month Kid's Certificate
2.76%$500-48 Month Certificate
2.76%$500-48 Month Kid's Certificate
2.67%$500-36 Month Certificate
2.67%$500-36 Month Kid's Certificate
2.57%$500-24 Month Certificate
2.57%$500-24 Month Kid's Certificate
2.23%$500-12 Month Certificate
2.23%$500-12 Month Kid's Certificate
1.24%$500-6 Month Certificate
1.24%$500-6 Month Kid's Certificate
1.00%$500-3 Month Certificate
1.00%$500-3 Month Kid's Certificate

Island Federal Credit Union IRA Rates

4.41%$500-20 Month IRA Certificate Special
4.17%$500-16 Month IRA Certificate Special
3.93%$500-9 Month IRA Certificate Special
2.81%$500-60 Month IRA Certificate
2.76%$500-48 Month IRA Certificate
2.67%$500-36 Month IRA Certificate
2.57%$500-24 Month IRA Certificate
2.23%$500-12 Month IRA Certificate
1.24%$500-6 Month IRA Certificate
1.00%$500-3 Month IRA Certificate


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.