Membership
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Eligibility
Providing a Better Banking Experience For All
Learn how you can qualify for Membership with Island Federal Credit Union
Personal
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Savings accounts
A Smarter Place to Keep Your Money
Earn federally insured interest and access your money anytime and anywhere.
Where We Started:
Since first being founded in 1955, Island Federal has continued to expand out charter allowing more and more families, individuals, and small businesses to enjoy the great rates and exceptional customer service that are only available through Membership with Island Federal Credit Union
Currently, our primary charter includes individuals who live, work, worship, study, or have business entities with in Nassau Country & Suffolk County (Town of Huntington, Town of Babylon, Town of Smithtown, Town of Islip, Town of Brookhaven, the Poospatuck Reservation, Town of Riverhead, or Town of Southhold.
Don't live on Long Island? We've got you covered!
If you are looking to open an online savings account with a trusted Long Island credit union, Island Federal Credit Union makes it easy to get started. Our online banking account allows you to open and manage your savings anytime, anywhere, while keeping your money safe and accessible.
As a local, not-for-profit credit union serving Long Island, Island Federal offers a secure online savings account designed for everyday saving, emergency funds, and long-term financial goals. Members enjoy federally insured deposits, convenient online and mobile banking access, and the confidence of banking with a Long Island credit union that has served the community for over 70 years.
Additional Affiliation Groups
Proud to Support Labor Unions
• Local 123
• Local 123
• Local 123
• Local 123
• Local 123
• Local 123
• Local 123
• Local 123
Worship Communities
Church of St. Agnus Employees
Church of St. Agnus Employees
Church of St. Agnus Employees
Church of St. Agnus Employees
Church of St. Agnus Employees
Church of St. Agnus Employees
Church of St. Agnus Employees
Church of St. Agnus Employees
Church of St. Agnus Employees
Heritage Organizations
Italian American Organization
Italian American Organization
Italian American Organization
Italian American Organization
Italian American Organization
Italian American Organization
Italian American Organization
Italian American Organization
Italian American Organization
Hear From Our Proud Members
“Great Experience at Island Federal Credit Union in Massapequa. Love the coin machine don’t ever get rid of it. The tellers are exceptional. I have dealt with them many times over the past couple of years and my transactions are sometimes a little complicated. I really can’t say enough good things about her.”
Joe B.
Massapequa
“The Bellmore Branch is the absolute best! We’ve been members of Island Federal since it was LILCO credit union and have been using the Bellmore Branch since it has open and the experience is always a pleasure.”
Mark D.
Bellmore
“I had an incredibly wonderful experience opening a bank account at IFCU. They also facilitated applying for Auto Loan quick and painless. Highly recommend and worth the relationship.”
Ronald L.
East Setauket
Frequently Asked Questions
How do I open an online savings account with Island Federal Credit Union?
You can open an Island Federal Savings Account online in just a few minutes. Simply apply through our secure online application, and once approved, you can manage your account using Online Banking and the Island Federal Mobile App from anywhere.
Is my money safe in an Island Federal savings account?
Yes. All Island Federal savings accounts are federally insured by the National Credit Union Association (NCUA) up to applicable limits, providing a safe and secure place to save your money with confidence.
Is there a minimum balance required to open or maintain a savings account?
No. Island Federal Savings Accounts do not require a minimum balance and do not charge monthly maintenance fees, making them a simple and flexible option for everyday saving.
How do I transfer money into or out of my savings account?
You can transfer funds easily either in branch or using Island Federal Online Banking.
Why choose a credit union instead of a bank for a savings account?
Credit unions are not-for-profit financial cooperatives that exist to serve their members. This allows Island Federal to focus on long-term stability, member service, and community impact rather than shareholder profits.
Can I open a savings account for a child or joint owner?
Yes. Island Federal offers options for joint savings accounts and youth accounts to help families save together.
Do I need to be a member to open a savings account?
Opening a savings account establishes your membership with Island Federal Credit Union.
Disclosures
*APY=Annual Percentage Yield. 1Variable rate account rates and terms are subject to change without notice. Dividends are calculated on daily balance and credited monthly. Fees could reduce earning. All offers subject to credit approval. Membership eligibility applies.