All Island Federal branches will be closed on Monday, May 29, 2023, in observance of Memorial Day.
How to write a check
Financial Education

How to Write a Check

Though many people might argue the practice is obsolete, knowing how to write a check is still essential to managing your funds and having a …

Share Certificates vs CD
Financial Education

Share Certificates vs CDs: Understanding the Differences

Understanding the differences between share certificates and CDs is easier than you might think. As you begin to learn about the distinctions between these two …

Open a Youth Bank Account
Financial Education

How to Open a Kids Bank Account

Opening a kids bank accounts is essential in teaching financial responsibility and setting them up for success.  Keep reading to learn everything you need to …

Invest Your Tax Refund
Financial Education

Best 12 Ways to Invest Tax Refund Money

Do you have a tax refund coming your way? If so, now’s the time to start thinking of ways to invest the money. You could …

50:30:20 Budget Rule
Financial Education

The 50/30/20 Budget Rule

The 50/30/20 budget rule is a great way to manage your money responsibly. It’s based on the idea that you should spend no more than …

monthly budget
Financial Education

How to Make a Monthly Budget

Understanding how to budget money is an important part of being smart and achieving financial success. Creating a monthly budget can help you track (and …

Money Market Account
Financial Education

What is a Money Market Account?

A Money Market account (MMA) is an NCUA-insured deposit account that offers higher interest rates than traditional savings accounts. These accounts can come with checks …

Great South Bay music festival

Island Federal Announced as Presenting Sponsor of the 14th Annual Great South Bay Music Festival

Hauppauge, New York, January 2023 – The Great South Bay Music Festival announced that Island Federal Credit Union (Island Federal) is the presenting sponsor for …

Coins to Cash
Financial Education

Changing Coins into Cash

Looking for an easy way to turn your coins to cash? Whether you’re a bank customer, investor, or just someone with a lot of change, …

Bank Account Scams
Financial Education

Common Online Bank Scams

Online banking scams are becoming increasingly common, so it’s critical to know the different types of fraud that can occur. Recognizing common online bank scams …