Island Federal Credit Union

1 ratings (1 Epinions review)
Share This!
  Ask friends for feedback

Island Federal Credit Union (IFCU)

Apr 10, 2000
Review by  
Rated a Very Helpful Review

Pros:Great Rates, personal service, "home-town bank" experience

Cons:No Check Card offered, only 3 credit union owned ATMs (but use of all other ATMs costs $0.75 per transaction)

I have been an IFCU member since birth, as far as I know, and continue to use this credit union event after moving away from Long Island.

My dad, a long time LILCO/KeySpan employee, opened an account for me when I was very young. He was able to deposit a designated amount directly from his monthly paycheck into my savings account. The deposits, made in lieu of an allowance, allowed my savings account to grow slowly but surely. This is one of the many benefits of IFCU membership.

I went away to college, lived in IA, MT, AK, and CA, and always kept my IFCU account. Why? Because you can't get better rates! I've had personal loans, car loans, checking, savings and vacation accounts and they always beat any bank when it comes to dividends and transaction fees.
I recently opened a Money Market account (even though I'm living 3000 miles away) and it has a dividend rate of almost 6%. Great for emergency cash or general liquidity.

Here's a bullet list of benefits:
1. I traveled in Europe for 3 months and ONLY used my IFCU CU Anytime ATM card for local currency (NO Travelers Checks!). The charge per transaction was only $0.75!!!
2. My car loan APR is 6.9%
3. The minimum balance in your savings account is only $25!
4. Real people answer the phone and resolve any problems promptly.
5. Money Market rates are the BEST.
6. The OnLine account service is always up to date and very detailed. I have a Wells Fargo account that takes 3-4 days to update. IFCU is always up to date.

I recommend this service to ANYONE who is eligible to become a member. You can call them to find out more info: 631 851 1111.

The only draw back to IFCU is they don't have a Check Card. They have determined that since the Check Card does not required a PIN number for use that it would be a security risk for their members. I happen to disagree with them, so I got a Check Card elsewhere.


Recommend this product? Yes


Share this product review with your friends   
Share This!


Related Deals You Might Like...

Federal Deposit Insurance Corporation & National Credit Union Administration

Federal Deposit Insurance Corporation & National Credit Union Administration

Store Search search Title, ISBN and Author Federal Deposit Insurance Corporation National Credit Union Administration: Assessments Actions Estimated d...
eBay

$139.49

FREE Shipping
To Amend The Federal Credit Union Act To Expand Membership, Service, And Inve...

To Amend The Federal Credit Union Act To Expand Membership, Service, And Inve...

Bibliogov 9781240968190 To Amend the Federal Credit Union ACT to Expand Membership, Service, and Investment Opportunities for Credit Unions, to Expand...
eBay

$17.60

FREE Shipping
To Amend The Federal Credit Union Act To Clarify Existing Law And Ratify The ...

To Amend The Federal Credit Union Act To Clarify Existing Law And Ratify The ...

Bibliogov 9781240233250 To Amend the Federal Credit Union ACT to Clarify Existing Law and Ratify the Longstanding Policy of the National Credit Union ...
eBay

$18.20

FREE Shipping
To Amend The Federal Deposit Insurance Act And The Federal Credit Union Act T...

To Amend The Federal Deposit Insurance Act And The Federal Credit Union Act T...

Bibliogov 9781240250028 To Amend the Federal Deposit Insurance ACT and the Federal Credit Union ACT to Safeguard Confidential Banking and Credit Union...
eBay

$17.60

FREE Shipping
The Federal Union

The Federal Union

Nabu Press 9781175518934 The Federal Union Description This is an EXACT reproduction of a book published before 1923. This IS NOT an OCRd book with st...
eBay

$17.60

FREE Shipping
THE CREDIT UNION WORLD eBook

THE CREDIT UNION WORLD eBook

Buy THE CREDIT UNION WORLD by D.B.A., Wendell V. Fountain and Read this Book on Kobo's Free Apps. Discover Kobo's Vast Collection of Ebooks Today - O...
Kobo eBooks

$3.99

FREE Shipping
The Federal Union And The States: Address Of Hon. Coe I. Crawford Before The ...

The Federal Union And The States: Address Of Hon. Coe I. Crawford Before The ...

Nabu Press 9781178643589 The Federal Union and the States: Address of Hon. Coe I. Crawford Before the Lincoln Association of Jersey City, N. J., Febru...
eBay

$18.20

FREE Shipping
Our Federal Union, It Must Be Preserved: Speech Of Thomas Swann, Delivered Be...

Our Federal Union, It Must Be Preserved: Speech Of Thomas Swann, Delivered Be...

Nabu Press 9781149934180 Our Federal Union, It Must Be Preserved: Speech of Thomas Swann, Delivered Before the Union League of Philadelphia, March 2D,...
eBay

$18.20

FREE Shipping
The Creature From Jekyll Island : A Second Look At The Federal Reserve By G....

The Creature From Jekyll Island : A Second Look At The Federal Reserve By G....

THE CREATURE FROM JEKYLL ISLAND - A Second Look at the Federal Reserve by G. Edward Griffin Read by Mark Bramhall Audio Books 20 CD set This is the cl...
eBay

$44.95

+$3.87 shipping
The Fragile Fabric Of Union: Cotton, Federal Politics, And The Global Origin

The Fragile Fabric Of Union: Cotton, Federal Politics, And The Global Origin

Store Search search Title, ISBN and Author The Fragile Fabric of Union: Cotton, Federal Politics, and the Global Origins of the Civil War by Brian Sch...
eBay

$71.44

FREE Shipping