Island Federal Credit Union

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A short history of Island FCU

Since its inception in 1955 the Island Federal Credit Union has been serving its members in the HAUPPAUGE, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Bret Sears, the Island FCU has grown its membership to over 37,266 with assets of more than $1,324,595,577. They have a main office and 9 branch offices. Please see the credit unions website or contact them by phone at (631) 851-1100 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in HAUPPAUGE, NY.

General Information For Island FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 10023
Address 120 MOTOR PKWY 
State New York 
Zip-Code 11788
Phone Number (631) 851-1100
Fax Number (631) 851-1112
Email Address:
CEO/President Bret Sears
Members 37,266 
Full-Time Employees 103 
Part-Time Employees 14 
Number of Branch Offices
Total Assets 1,324,595,577 

Compare Island Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Long Island State Employees CU Main Branch 250 Veterans Hwy 11788 (631) 291-9160 No 0.64
People's Alliance CU Yonkers 132 Tuckahoe Rd 10710 (914) 963-1370 No 2.94
Teachers CU Patchogue Branch 31 W Main St 11787 (631) 698-7000 No 3.09
Us Weather Bureau Ny CU Main Office 630 Johnson Ave Ste 202 11716 (631) 244-2511 No 6.56
Latvian CU riga lane 4 Riga Ln 11747 (631) 481-1491 No 9.16

Island Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Island Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.95 1.99 1.99 2.88 3.45
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 154 34 21 19 51
Rank Among All New York Credit Unions 22 12 7 4 17

Island Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.10 2.08 0.20
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 134 34 271
Rank Among All New York Credit Unions 19 38 37 3 74
Island Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9504,82210,138,492
All Other Unsecured Loans/Lines of Credit 6.5004,49711,010,447
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.5001784,994,048
New Vehicle Loans 1.9901,15221,474,570
Used Vehicle Loans 1.9903,34348,379,217
Total 1st Mortgage Real Estate Loans/Lines of Credit 2.8801,658330,300,010
Total Other Real Estate Loans/Lines of Credit 3.4503,018182,199,497
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.2505,61437,194,808
TOTAL LOANS & LEASES 24,282645,691,089

Island Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 20344,252,7614011,578,300
    b. 15 Years or less 1,196205,263,2144410,497,750
    a. > 15 years 25279,010,614299,602,200
    b. 15 Years or less 71,773,42100
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 97049,268,7351338,552,511
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2,048132,930,76218314,923,771
Open-End Fixed Rate 0000
TOTALS 4,676512,499,50742955,154,532


Interest Only & Payment Option 1st Mortgage Loans 2973,8880
Interest Only & Payment Option Other RE/LOC Loans 55556,919,5357,417,471
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Island Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes