With nearly half a billion dollars in assets, Island Federal Credit Union is Long Island's second largest credit union serving both Nassau and Suffolk Counties. For more than 50 years, Island has been helping its 24,000 members buy a car, afford a home, put their children through college and retire comfortably. Island offers all the consumer financial services that you'd find at banks with one major difference: Island is owned by its members. That difference in ownership means the profits generated are returned to its members in the form of better rates, lower fees and enhanced services. It is no wonder that credit unions are growing, particularly here on Long Island, while other financial institutions are floundering.
Does it cost anything to join Island? No. Once you open a simple savings account, you are a full-fledged member, able to take advantage of all of Island's services, including great rates on financial products, free checking with free checking, free Online Banking and free Bill Payment.
There is certainly no more family-friendly financial institution than Island. At Island, they feature their Kids Savings Accounts, offering a free gift along with grown-up yields on deposits. Now, Island is offering a free membership in the LI Ducks Kids Club to those who deposit $100 in a Kids Savings Account.