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Island Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.islandfcu.org
631-851-1100
120 Motor Pkwy
Hauppauge, NY 11788-5180

Island Federal Credit Union is headquartered in Hauppauge and is the 17th largest credit union in the state of New York. It is also the 321st largest credit union in the nation. It was established in 1955 and as of March of 2025, it had grown to 115 employees and 51,631 members at 10 locations. Island Federal Credit Union's money market rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Island Federal Credit Union is open to those who live, work, worship, or attend school in Nassau County or several Suffolk County towns (Babylon, Brookhaven, Huntington, Islip, Riverhead, Smithtown, Southold or the Poospatuck). 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) are also eligible for membership. Membership eligibility page lists an additional 18 ways to qualify for membership.
See current membership details

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Health
B

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #10023
Year Chartered1955
Employees115
Primary Regulator
Profit Margin
Return on Assets - YTD-0.05%
Return on Equity - YTD-1.08%
Annual Interest Income$15.6MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.48B$1.52B
LoansQ1 2025vs Q1 2024$1.03B$1.08B
DepositsQ1 2025vs Q1 2024$1.17B$1.19B
Equity CapitalQ1 2025vs Q1 2024$75.4MM$72.3MM
Loan Loss AllowanceQ1 2025vs Q1 2024$6.2MM$6.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$7.4MM$9.3MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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
5.00%*$100*$500High Five Youth Savings
OTHER TIERS: 0.05% → $500+
0.05%$0-Regular Savings
0.05%$0-Vacation Club
0.05%$0-Holiday Club
0.05%$0-Escrow

Island Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$1m*-Money Market Gold
OTHER TIERS: 0.50% → $0 - $100k | 0.70% → $100k - $250k | 0.75% → $250k - $1m
0.10%$2.5k-Money Market Plus

Island Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$0$500Teen Checking

Island Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.20%$500-5 Month Certificate Special
4.20%$500-5 Month Kids Certificate Special
4.05%$500-10 Month Certificate Special
4.05%$500-10 Month Kids Certificate Special
3.00%$500-19 Month Certificate Special
3.00%$500-19 Month Kids Certificate Special
2.75%$500-6 Month Certificate
2.75%$500-6 Month Kid's Certificate
2.75%$500-36 Month Certificate
2.75%$500-36 Month Kid's Certificate
2.50%$500-12 Month Certificate
2.50%$500-12 Month Kid's Certificate
2.50%$500-48 Month Certificate
2.50%$500-48 Month Kid's Certificate
2.50%$500-60 Month Certificate
2.50%$500-60 Month Kid's Certificate
2.25%$500-24 Month Certificate
2.25%$500-24 Month Kid's Certificate
1.75%$500-3 Month Certificate
1.75%$500-3 Month Kid's Certificate

Island Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.20%$500-5 Month IRA Certificate Special
4.05%$500-10 Month IRA Certificate Special
3.00%$500-19 Month IRA Certificate Special
2.75%$500-6 Month IRA Certificate
2.75%$500-36 Month IRA Certificate
2.50%$500-12 Month IRA Certificate
2.50%$500-48 Month IRA Certificate
2.50%$500-60 Month IRA Certificate
2.25%$500-24 Month IRA Certificate
1.75%$500-3 Month IRA Certificate
0.20%$0-IRA Savings
Locations


Cities: Bellmore, East Setauket, Hauppauge, Hicksville, North Massapequa, Riverhead, Sayville, Selden, Stony Brook

Bellmore Branches
Branch Office2752 Sunrise HwyBellmore, NY 11710

East Setauket Branches
Branch Office430 Route 25AEast Setauket, NY 11733

Hauppauge Branches
Branch Office120 Motor PkwyHauppauge, NY 11788-5107
Corporate Office150 Motor PkwyHauppauge, NY 11788-5145

Hicksville Branches
Branch Office85 E Old Country RdHicksville, NY 11801-4243

North Massapequa Branches
Branch Office824 Hicksville RdNorth Massapequa, NY 11758-1262

Riverhead Branches
Branch Office1077 Old Country RdRiverhead, NY 11901-2019

Sayville Branches
Branch Office4820 Sunrise HwySayville, NY 11782-1013

Selden Branches
Branch Office920 Middle Country RdSelden, NY 11784

Stony Brook Branches
Branch OfficeStony Brk Health Science Tower Level 2Stony Brook, NY 11794-0001

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