Credit union · NCUA insured
Island Federal Credit Union
A $1.4B credit union, the 367th largest of 4,329, headquartered in Hauppauge, NY, with 50,620 members and 8 branches in New York. Best rates: CDs 4.00% and savings 0.10% APY.
Island Federal Credit Union Carrot Score
81
Carrot Score
Higher than 57% of U.S. banks and credit unions
#72 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Island Federal Credit Union
Founded in 1955, Island Federal Credit Union is a member-owned financial institution headquartered in Hauppauge, New York.
Island Federal operates eight full-service branches on Long Island and expanded its charter into Brooklyn following a 2018 merger with Bay Ridge Federal Credit Union.
- Headquarters
- 120 Motor Pkwy, Hauppauge, NY 11788-5152
- NCUA charter
- 10023
Branches
8 branches in New York
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New York
8 branches
- HeadquartersMain office120 Motor Pkwy, Hauppauge, NY 11788Directions
- Bellmore2752 Sunrise Hwy, Bellmore, NY 11710Directions
- East Setauket430 Route 25A, East Setauket, NY 11733Directions
- Hicksville85 E Old Country Rd, Hicksville, NY 11801Directions
- North Massapequa Branch824 Hicksville Rd, North Massapequa, NY 11758Directions
- Riverhead Branch1077 Old Country Rd, Riverhead, NY 11901Directions
- Sayville4820 Sunrise Hwy, Sayville, NY 11782Directions
- Selden920 Middle Country Rd, Selden, NY 11784Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.40% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 1.10% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 0.59% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $87 | $88 | — |
- CapitalNet worth ratio10.40%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late1.10%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets0.59%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$87Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Island Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.