Island Federal Credit Union
Headquarters
120 Motor Pkwy
Hauppauge, NY 11788
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2024 Overview
General Credit Union Information
Island is an NCUA insured institution located in Hauppauge, NY. It was founded in 1955 and has approximately $1525.2 millions in assets.
Who can join?
Membership is open to anyone who lives, works, worships or attends school in Nassau County or Suffolk County with the exception of the townships of East Hampton, Southampton and Shelter Island. A $5 Share account required.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 10023 |
| Date Established | 1955 |
| Assets | $1,525.20 million |
| Loans | $1,078.64 million |
| Deposits | $1,177.64 million |
| Capital | $133.81 million |
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.
Deposit Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.05% | $10,000 | $14,999 |
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|
|
Money Market
|
0.05% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.06% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.06% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.20% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Island
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.866% | 6.750% | 1.00 | $3,801 | $2,076 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
NMLS ID: 491986 |
Learn More | |||||
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Island
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Island branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Island Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 504.52 | A | View Lobby Hours | |
| 505.67 | B | View Lobby Hours | |
| 506.96 | C | View Lobby Hours | |
| 519.37 | D | View Lobby Hours | |
| 527.25 | E | View Lobby Hours | |
| 527.90 | F | View Lobby Hours | |
| 531.23 | G | View Lobby Hours | |
| 551.26 | H | View Lobby Hours |
Climate Policy and Initiatives
ISLAND is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Island Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Island. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Island | U.S. Average |
|---|---|
| 8.78% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Island had $11,959,747 in non-current loans and $206,677 in owned assets. To cover these potential losses it had $133,814,742 in net worth and $4,688,254 in loans loss reserves. That gives it a Texas Ratio of 8.78%.
Net Worth
| Island | U.S. Average |
|---|---|
| 8.77% | 13.93% |
Island FCU has a net worth of 8.77% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Island
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