2. Island Federal Credit Union

Island Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.50%5-year CD
3.00% - American Express National Bank 60 Month CDAdvertisement
2.60%18-month CD
2.50% - American Express National Bank 18 Month CDAdvertisement
2.20%4-year CD
1.79% - National Average
View all Island Federal Credit Union rates »

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 15th largest credit union in the state of New York. It is also the 189th largest credit union in the nation. It was established in 1955 and as of June of 2018, it had grown to 106 employees and 39,002 members at 9 locations. Island Federal Credit Union's money market 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

Related Posts

2.45% APY 18-Month / 2.60% APY 30-Month Certificate Specials, Long Island, NY - 7/3/2018

18-month Certificate Special: 2.45% APY 30-month Certificate Special: 2.60% APY -Rates effective 6/27/2018 -Minimum balance to open certificate is $1,000 for regular; $500 for youth certificate. https://www.islandfcu.org/Certificates.aspx

2.25% APY 18-Month / 2.50% APY 30-Month Certificate Specials, Long Island, NY - 5/14/2018

18-month Certificate Special: 2.25% APY 30-month Certificate Special: 2.50% APY Limited time offer. Available for IRA's too. Rates effective 4-18-2018. Minimum balance to open certificate is $1,000 for regular; $500 for youth certificate. https://www.islandfcu.org/CustomContent.aspx?Name=11monthCertificateSpecial

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Health
B+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #10023
Year Chartered1955
Employees106
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD6.88%
Annual Interest Income$19.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.50B$1.32B
LoansQ2 2018vs Q2 2017$739.8MM$645.7MM
DepositsQ2 2018vs Q2 2017$1.07B$1.00B
Equity CapitalQ2 2018vs Q2 2017$84.5MM$99.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.8MM$1.7MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$3.0MM$3.0MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Savings
0.05%--Regular Savings
0.05%--Vacation Club
0.05%--Holiday Club

Island Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$1m*-Money Market GOLD
OTHER TIERS: 0.05% → Up to $50k | 0.25% → $50k - $100k | 0.35% → $100k - $250k | 0.45% → $250k - $500k | 0.75% → $500k - $1m
0.10%--Money Market PLUS

Island Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2.5k-Checking Account
0.05%--Escrow

Island Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.80%$1k-30 Month Certificate Special
2.80%$500-30 Month Kid's Certificate Special
2.75%$1k-84 Month Certificate
2.75%$500-84 Month Kid's Certificate
2.60%$1k-18 Month Certificate Special
2.60%$500-18 Month Kid's Certificate Special
2.50%$1k-60 Month Certificate
2.50%$500-60 Month Kid's Certificate
2.25%$1k-11 Month Certificate Special (New Money Only)
2.25%$500-11 Month Kid's Certificate Special (New Money Only)
2.20%$1k-48 Month Certificate
2.20%$500-48 Month Kid's Certificate
2.15%$1k-9 Month Certificate Special
2.15%$500-9 Month Kid's Certificate Special
2.05%$1k-7 Month Certificate
2.05%$500-7 Month Kid's Certificate
1.85%$1k-36 Month Certificate
1.85%$500-36 Month Kid's Certificate
1.75%$1k-24 Month Certificate
1.75%$500-24 Month Kid's Certificate
1.00%$1k-12 Month Certificate
1.00%$500-12 Month Kid's Certificate
0.70%$1k-6 Month Certificate
0.70%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.80%$1k-30 Month IRA Special
2.75%$1k-84 Month IRA Certificate
2.60%$1k-18 Month IRA Special
2.50%$1k-60 Month IRA Certificate
2.25%$1k-11 Month IRA Special (New Money Only)
2.20%$1k-48 Month IRA Certificate
2.15%$1k-9 Month IRA Special
2.05%$1k-7 Month IRA Certificate
1.85%$1k-36 Month IRA Certificate
1.75%$1k-24 Month IRA Certificate
1.00%$1k-12 Month IRA Certificate
0.70%$1k-6 Month IRA Certificate
0.35%$1k-3 Month IRA Certificate
Locations


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

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