Island Federal Credit Union

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

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 294th largest credit union in the nation. It was established in 1955 and as of March of 2022, it had grown to 145 employees and 46,476 members at 11 locations. Island Federal Credit Union's CD rates are 94% higher than 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.
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Health Grade Components

NCUA #10023
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD4.57%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$1.50B$1.54B
LoansQ1 2022vs Q1 2021$965.7MM$979.8MM
DepositsQ1 2022vs Q1 2021$1.21B$1.22B
Equity CapitalQ1 2022vs Q1 2021$94.2MM$112.3MM
Loan Loss AllowanceQ1 2022vs Q1 2021$5.4MM$6.8MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$6.3MM$4.2MM
Real Estate OwnedQ1 2022vs Q1 2021$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

0.75%*$1m*-Money Market Gold
OTHER TIERS: 0.25% Up to $50k | 0.50% $50k - $100k | 0.60% $100k - $250k | 0.65% $250k - $500k | 0.70% $500k - $1m
0.10%$2.5k-Money Market Plus

Island Federal Credit Union Checking Account Rates

0.05%$2.5k-Checking Account

Island Federal Credit Union CD Rates

2.70%$500-60 Month Certificate
2.70%$500-60 Month Kid's Certificate
2.50%$500-36 Month Certificate
2.50%$500-36 Month Kid's Certificate
2.50%$500-48 Month Certificate
2.50%$500-48 Month Kid's Certificate
2.50%$500-18 Month Certificate Special
2.50%$500-18 Month Kid's Certificate Special
2.35%$500-24 Month Certificate
2.35%$500-24 Month Kid's Certificate
1.75%$500-12 Month Certificate
1.75%$500-12 Month Kid's Certificate
1.75%$500-8 Month Certificate Special
1.75%$500-8 Month Kid's Certificate Special
1.25%$500-6 Month Certificate
1.25%$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

2.70%$500-60 Month IRA Certificate
2.50%$500-36 Month IRA Certificate
2.50%$500-48 Month IRA Certificate
2.50%$500-18 Month IRA Certificate Special
2.35%$500-24 Month IRA Certificate
1.75%$500-12 Month IRA Certificate
1.75%$500-8 Month IRA Special
1.25%$500-6 Month IRA Certificate
1.00%$500-3 Month IRA Certificate


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