Island Federal Credit Union

Credit union · Hauppauge, United States · overall 2.6 / 10

Open in Bank Index

How this 2.6 is built

Average of 12 scored needs: 2.6. Regulation in United States: 87/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 1 score backed by filings or its own pages.

Island is recorded in the global register as a credit union in Hauppauge, United States. Total assets 1.35 bn USD at 2026-03-31. Established 1955. Collected from open registers.

On its own website: “Island Federal offers a full range of personal & business banking services, from personal loans to free checking. We're here to help you manage your finances & reach your goals.”

Legal name: Island
Licence confirmed: not confirmed yet
Established: 1955
LEI: 254900C44LTMSEGQ5K05
Website: islandfcu.org

Scores, 0 to 10

6.0United States

Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source

5.5Lowest fees

The account escapes its monthly charge only on a condition the bank sets, so the price depends on the balance a business keeps. It reads: “45% APY* Business debit Mastercard with uChoose Rewards & more No monthly fee when maintaining a balance of $5,000 or more” · source

5.5Best interest on business balances

A credit union serves a defined membership in one area and does not sell international business banking. · source

5.0Financial strength & stability

Financial strength placed by total assets from the public register. · source

4.0Fast digital onboarding

A credit union serves a defined membership in one area and does not sell international business banking. · source

2.5Business cards (Visa, Mastercard)

A credit union serves a defined membership in one area and does not sell international business banking. · source

2.0Startups & VC-backed companies

A credit union serves a defined membership in one area and does not sell international business banking. · source

1.5Crypto-friendly bank

A credit union serves a defined membership in one area and does not sell international business banking. · source

1.5Fintech companies that need a partner bank

A credit union serves a defined membership in one area and does not sell international business banking. · source

1.5Online businesses: e-commerce and SaaS

A credit union serves a defined membership in one area and does not sell international business banking. · source

1.0Cross-border payments, FX and multi-currency accounts

A credit union serves a defined membership in one area and does not sell international business banking. · source

1.0Trade, manufacturing & import-export

A credit union serves a defined membership in one area and does not sell international business banking. · source

1.0Foreign-owned & non-resident companies

A credit union serves a defined membership in one area and does not sell international business banking. · source

1.0High-risk verticals (iGaming, cannabis, adult, forex)

A credit union serves a defined membership in one area and does not sell international business banking. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.