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  2. Island Federal Credit Union

Island Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.65%5-year CD60 Month Certificate
1.85% - Synchrony Bank 60 Month CDAdvertisement
1.10%18-month CD18 Month Certificate Special
1.30% - Ally Bank High Yield 18-Month CDAdvertisement
1.50%4-year CD48 Month Certificate
1.40% - Ally Bank Raise Your Rate 4-Year CDAdvertisement
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 18th largest credit union in the state of New York. It is also the 232nd largest credit union in the nation. It was established in 1955 and as of June of 2016, it had grown to 99 employees and 35,334 members at 9 locations. Island Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in Nassau or Suffolk Counties (excluding the townships of East Hampton, Southampton and Shelter Island). Membership is also open to regular members of Communications Workers of America Local 1104, in Nassau County, New York; Local 1106; in Queens County, New York; Local 1108 in Suffolk County, New York; Local 1109 in Kings County, New York; Local 1102 in Staten Island, New York; Local 1105 in Bronx, New York
See current membership details

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Reviews (1)

Do Not Use This Bank

Posted by: Traci Brower-Wendler | Mar 15, 2016

I will never use this bank again. My auto loan is with Island Federal Credit Union and it has been a nightmare since day one. I made the mistake of signing up for "online banking"; therefore, no statements come in the mail and I could pay my bill online. Sounds like a good idea. No statements in the mail, BUT I cannot access my account online. I have spoken to several useless people at the bank...going on 1 year and still cannot pay a bill online. I tried to make a BBB complaint, but they are not listed on the BBB and this is why!!! My personal bank Chase takes 10 days to pay IFCU online as they do not expect payments from other banks online. Long story short...my credit is now being effected, because I cannot may payments online.

1


Health
A

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #10023
Year Chartered1955
Employees99
Primary Regulator
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD5.58%
Annual Interest Income$14.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.12B$1.04B
LoansQ2 2016vs Q2 2015$517.0MM$441.1MM
DepositsQ2 2016vs Q2 2015$884.7MM$809.2MM
Equity CapitalQ2 2016vs Q2 2015$107.3MM$95.1MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.2MM$1.2MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$2.2MM$1.3MM
Real Estate OwnedQ2 2016vs Q2 2015$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%--Regular IRA Savings
0.20%--Roth IRA Savings
0.20%--Education IRA Savings
0.05%--Regular Savings
0.05%--Vacation Club
0.05%--Holiday Club

Island Federal Credit Union Money Market Rates

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

Island Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Checking Account
0.05%--Escrow

Island Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%$1k-60 Month Certificate
1.65%$500-60 Month Kid's Certificate
1.50%$1k-48 Month Certificate
1.50%$500-48 Month Kid's Certificate
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
1.11%$1k-11 Month Certificate Special
1.11%$500-11 Month Kid's Special
1.10%$1k-18 Month Certificate Special
1.10%$500-18 Month Kid's Special
0.75%--7 Month Certificate Special
0.75%--7 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%--84 Month IRA Certificate
1.65%$1k-60 Month IRA Certificate
1.50%$1k-48 Month IRA Certificate
1.30%$1k-36 Month IRA Certificate
1.20%$1k-24 Month IRA Certificate
1.11%$1k-11 Month IRA Special
1.10%$1k-18 Month IRA Special
0.75%--7 Month IRA Certificate Special
0.65%$1k-12 Month IRA Certificate
0.45%$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