Island Federal Credit Union

Overview / Commentary
120 Motor Pkwy
Hauppauge, NY 11788-5160

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 269th largest credit union in the nation. It was established in 1955 and as of June of 2021, it had grown to 148 employees and 45,227 members at 11 locations. Island Federal Credit Union has an A 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


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Health Grade Components

NCUA #10023
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD2.53%
Annual Interest Income$18.7MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$1.56B$1.59B
LoansQ2 2021vs Q2 2020$967.4MM$907.8MM
DepositsQ2 2021vs Q2 2020$1.24B$1.15B
Equity CapitalQ2 2021vs Q2 2020$112.0MM$134.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$6.4MM$3.4MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$4.4MM$7.9MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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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

0.20%--IRA Savings
0.05%$1-Regular Savings
0.05%--Vacation Club
0.05%--Holiday Club

Island Federal Credit Union Money Market Rates

0.35%*$250k*-Money Market Gold
OTHER TIERS: 0.05% Up to $50k | 0.20% $50k - $100k | 0.25% $100k - $250k
0.10%--Money Market Plus

Island Federal Credit Union Checking Account Rates

0.05%$2.5k-Checking Account

Island Federal Credit Union CD Rates

0.85%$1k-60 Month Certificate
0.85%$500-60 Month Kid's Certificate
0.70%$1k-48 Month Certificate
0.70%$500-48 Month Kid's Certificate
0.60%$1k-36 Month Certificate
0.60%$500-36 Month Kid's Certificate
0.50%$1k-24 Month Certificate
0.50%$500-24 Month Kid's Certificate
0.35%$1k-12 Month Certificate
0.35%$500-12 Month Kid's Certificate
0.25%$1k-3 Month Certificate
0.25%$500-3 Month Kid's Certificate
0.25%$1k-6 Month Certificate
0.25%$500-6 Month Kid's Certificate

Island Federal Credit Union IRA Rates

0.85%$1k-60 Month IRA Certificate
0.70%$1k-48 Month IRA Certificate
0.60%$1k-36 Month IRA Certificate
0.50%$1k-24 Month IRA Certificate
0.35%$1k-12 Month IRA Certificate
0.25%$1k-3 Month IRA Certificate
0.25%$1k-6 Month IRA Certificate


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