120 Motor Pkwy
Hauppauge, NY 11788
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.70% 0.70% →
2-Year CD 0.85% 0.75% →
5-Year CD 1.15% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Island is an NCUA insured institution located in Hauppauge, NY. It was founded in 1955 and has approximately $1623.2 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 $1,623.20 million
Loans $962.61 million
Deposits $1,179.57 million
Capital $126.10 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 - May 16, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.85% $10,000 $14,999 Learn More
24 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.06% $10,000 $14,999 Learn More
48 Mo CD
1.06% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
0.20% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - May 16, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
CIT Bank
NMLS ID: 541760
2.989% 2.950% 0.50 $1,242 $1,048 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More
Morty, Inc.
NMLS ID: 1429243
2.593% 2.500% 0.88 $3,082 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.761% 2.750% 0.13 $342 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.990 %
After Intro: 4.700 %
Intro Period: 12 months
$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.



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:

Island Locations

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
6.26% 5.40

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 December 31, 2020, Island had $8,052,441 in non-current loans and $285,500 in owned assets. To cover these potential losses it had $126,101,122 in net worth and $7,020,171 in loans loss reserves. That gives it a Texas Ratio of 6.26%.

Net Worth
Island U.S. Average
7.81% 12.67%

Island FCU has a net worth of 7.81% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Island

Branches and Savings

What is Island?

A federal credit union, registered with the NCUA under certificate #10023.
Learn more about credit unions here.

Is Island FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Island is insured by the NCUA.

Who can join Island?

Please see Field of Membership information above for information on who is eligible to join.

What are Island's share account and share certificate rates?

Island's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Island?

Island has total capital of $126.10 million. Full information on Island's financial position is located above.

Who owns Island?

Credit Unions are owned by their members.

Where are Island branches located?

See branch locations nearby.

Are Island ATMs Open 24/7?

Do Island ATMs accept cash deposits?

Can Island customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Island have a mobile app?

Does Island have mobile deposit?

Does Island have quick pay?

How can Island transfer money to other banks or credit unions?

Does Island report to credit bureaus?

Does Island use Chexsystems?

Does Island use Equifax?

What is Island's toll free phone number?

What is Island's ACH Routing Number?

What is Island's SWIFT code?

Where can I find Island's wire transfer form?

What is the Island address for deposits?

What Products Does Island Offer

Does Island offer mortgages?

Compare mortgage rates here.

Does Island offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Island offer auto and RV loans?

Compare auto loan rates here.

Does Island offer student loans or personal loans?

Compare personal loan rates here.

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