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Island Federal Credit Union

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Island Federal Credit Union Rates & Review April 2026

Q: Is a member application needed to join Island Federal Credit Union?

Yes, to access services at Island Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Island Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 17, 2026

You can compare Island Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 3.72%, 6-month share certificate rates at 3.70% and 3-month share certificate rates at 2.78%. Savings rates are at 0.75% and money market rates are at 0.05%. Mortgage rates on 30-year fixed loans are around 5.84%. All these rates can be compared to Island Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Island Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 5.75%. Rates were last updated on 04/17/2026.

Island Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Island Federal Credit Union? Share your experience about Island Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Island Federal Credit Union.

Overall Health & Safety Grade

A+

Exceptional Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

5.75%

Excellent Lower than avg

Island Federal Credit Union
Headquarters

120 Motor Pkwy
Hauppauge, NY 11788 5152

https://islandfcu.org/

Island Federal Credit Union Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
Home Equity Line of Credit	-	-	5.24%	12 months
No additional details. Last Updated 04/11/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.75%

Island Federal Credit Union Credit Card Rates

Product	Rate	APR	View More
Credit Mastercard	-	3.39%
Details Intro rate expires: 12 months; Regular APR: Prime Rate + a margin. Margin disclosed at account opening. Current Prime Rate is 6.75%. Maximum rate is 18%. Last Updated 04/11/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.75%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Island Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Island Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Island Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Island Federal Credit Union

Website https://islandfcu.org/

Address 120 Motor Pkwy, Hauppauge, NY 11788 5152

Phone 631-851-1100

Fax 631-851-1112

President Richard Rapp Jr

CEO Craig Booth

Full-Time Employees 115

Part-Time Employees 15

Branch Locations 9

ATM Locations 11

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (97/100)

Texas Ratio

5.75%

Return on Assets (ROA)

0.1214%

Return on Equity (ROE)

1.2816%

Non-Performing Loans Ratio (NPL)

0.77%

Total Assets

1,410,058,032

Total Amount of Shares and Deposits

1,134,286,641

Total Shares and Deposits < 1 Year

1,111,496,873

Total Shares and Deposits 1 3 Years

18,387,717

Total Shares and Deposits > 3 Years

4,402,052

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

141,090,853

Total Uninsured Shares and Deposits > $250K (F+J)

141,090,853

Total Insured Shares and Deposits > $250K (item 17 less item K)

993,195,788

Total Interest Expense (Sum of items 6 8)

25,273,693

Share Certificates

9,244

Number of Accounts for Share Drafts

31,302

IRA KEOGH Accounts

3,732

Number of Accounts for Regular Shares

59,027

All other shares

2,447

Non Member Deposits

Money Market Shares

2,495

Net Income (unless the amount is already included in Undivided Earnings)

1,712,008

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

63,909,817

Total Liabilities

1,326,229,670

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

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Frequently Asked Questions About Island Federal Credit Union

Is Island Federal Credit Union a safe place to deposit money?

Yes, Island Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 5.746702741916%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Island Federal Credit Union operate?

Island Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Island Federal Credit Union?

Yes, to access services at Island Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Island Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Island Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Island Federal Credit Union offer online and mobile banking?

Most modern institutions like Island Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://islandfcu.org/.