Charter 10023 · Hauppauge, NY
Island Federal Credit Union
Island Federal Credit Union is a federally chartered credit union in Hauppauge, New York, with $1.34 billion in assets and 50,004 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 10.40%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $1.34 billion
- -6.5% in a year
- Members
- 50,004
- -3.3% in a year
- Net worth ratio
- 10.40%
- Peer median 10.79%
- Loans 60+ days late
- 1.10%
- Peer median 0.67%
- Loans outstanding
- $941 million
- -7.8% in a year
- Shares and deposits
- $1.08 billion
- -5.5% in a year
- Branches
- 8
- 121 employees
- Opened
- 1955
- Federal charter
How Island Federal Credit Union compares
NCUA groups credit unions by size; Island Federal Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 10.40% is lower than that group's median of 10.79%, and its share of loans 60 or more days past due, 1.10%, is higher than the group median of 0.67%. Loans fell 7.8% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 21 of 268 credit unions headquartered in New York. See all New York credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $1.34 billion | 50,004 | $941 million | 10.40% | 1.10% |
| Q1 2026 | $1.35 billion | 50,620 | $948 million | 10.11% | 0.79% |
| Q4 2025 | $1.39 billion | 50,695 | $974 million | 9.72% | 0.86% |
| Q3 2025 | $1.41 billion | 51,448 | $996 million | 9.47% | 0.77% |
| Q2 2025 | $1.43 billion | 51,714 | $1.02 billion | 9.27% | 0.87% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 3.7 million potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 8 sites for Island Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Headquarters (main office)
120 Motor Pkwy, Hauppauge, NY 11788 - Hicksville
85 E Old Country Rd, Hicksville, NY 11801 - Sayville
4820 Sunrise Hwy, Sayville, NY 11782 - Selden
920 Middle Country Rd, Selden, NY 11784 - Bellmore
2752 Sunrise Hwy, Bellmore, NY 11710 - North Massapequa Branch
824 Hicksville Rd, North Massapequa, NY 11758 - Riverhead Branch
1077 Old Country Rd, Riverhead, NY 11901 - East Setauket
430 Route 25A, East Setauket, NY 11733
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology