Here you can find the most recent Island Federal Credit Union bonuses, promotions, and offers.
Update 5/20/25: There’s currently a $400 checking bonus available through 6/30/25.
Island Federal Credit Union Bonuses Review
Island Federal Credit Union is headquartered in Hauppauge and is the 18th largest credit union in the state of New York. It is also the 314th largest credit union in the nation. It was established in 1955 and as of September of 2022, it had grown to 148 employees and 48,183 members at 11 locations. Island Federal Credit Union has a B health rating.
| Eligibility: Membership in Island Federal Credit Union is open to the following: (1) Those who live, work, attend school or worship in Nassau or Suffolk Counties in New York, with the exclusion of Shelter Island, Southampton, and East Hampton; (2) Members of locals of Communications Workers of America: Local 1104 (Nassau County, NY); Local 1106 (Queens County, NY); Local 1108 (Suffolk County, NY); Local 1109 (Kings County, NY); Local 1102 (Staten Island, NY); and Local 1105 (Bronx, NY); 3) Members of record of CWA Long Island Federal Credit Union #22209 as of June 30, 2013. See current membership details |
I’ll go over the Island Federal Credit Union offers below.
Island Federal Credit Union $400 Checking Bonus
- What you’ll get: $400 Bonus
- Eligible account: Checking Account
- Where it’s available: NY (Bank Locator)
- Credit inquiry: Soft Pull or Hard Pull? Let us know
- Direct Deposit Required: Yes
- Monthly Fee: None
- How to earn it:
- Open a Cash Back Checking account with Debit Mastercard and use Promo Code: 400, before June 30, 2025, and you can earn up to $400!
- Get a $200 bonus when you set up direct deposit.
- To qualify a Direct Deposit must include a minimum of two (2) recurring electronic deposits totaling no less than $1,000 USD in a 90 day period.
- Get a $200 bonus when you:
- Perform at least 10 Debit transactions of $5.00 USD or greater per transaction (excludes ATM transactions. Transactions involving peer-to-peer (P2P) services such as Venmo, Pay Pal, Zelle and other P2P services are ineligible).
- Enroll in eStatements
- Maintain a combined checking account/savings account average month end balance of $500 USD or greater for the first 90 days from account opening.
- If Member successfully completes requirements, Island Federal will deposit the bonus in Member’s savings account in the month following the 120-day period.
(Expires 06/30/2025)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- All offers subject to credit approval.
- To receive Reward Points, Member must have an Island Checking Account, Debit Mastercard and enroll in the uChoose Rewards Program at www.uChooseRewards.com.
- Points will be awarded for purchases at the beginning of each month.
- Open to individuals who have not had an Island Federal Checking account in the past 12 months.
- Eligibility criteria must be fulfilled within the first 120 days of Membership or individual forfeits incentive.
- To qualify a Direct Deposit must include a minimum of two (2) recurring electronic deposits totaling no less than $1,000 USD in a 90 day period.
- Perform at least 10 Debit transactions of $5.00 USD or greater per transaction (excludes ATM transactions.
- Transactions involving peer-to-peer (P2P) services such as Venmo, Pay Pal, Zelle and other P2P services are ineligible).
- Maintain a combined checking account/savings account average month end balance of $500 USD or greater for the first 90 days from account opening.
- If Member successfully completes requirements, Island Federal will deposit the bonus in Member’s savings account in the month following the 120-day period.
- Not available to fiduciary accounts or those accounts that have been closed within 90 days or closed with a negative balance.
- Bonus will be reported on IRS form 1099-INT.
- Offer valid 05-01-2025 to 6-30-2025; subject to change without notice.
- Available to Island Members.
- Membership eligibility applies.
- Federally Insured by NCUA.
Island Federal Credit Union $100 Referral Bonus (Expired)
Receive a $100 bonus when you refer friends and family to open a checking account and meet the requirements.
- What you’ll get: $100 Bonus
- Eligible account: Checking Account
- Where it’s available: NY (Bank Locator)
- Credit inquiry: Soft Pull or Hard Pull? Let us know
- Direct Deposit Required: No
- Monthly Fee: None
- How to earn it:
- Print and complete this coupon and have your friend bring your completed coupon to any Island Federal branch.
- To qualify, Referred Friend must open a:
- New Cash Back Checking account with Debit Mastercard®
- Perform at least 10 Debit Purchase transactions
- Enroll in e-Statements
- And Download the Free Island Mobile App
(Expires 04/10/2023)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- The Referral Bonus promotion is open to all Members with an Island Federal Checking Account in good standing, who refer a friend, co-worker or family member to: Open a new Island Cash Back Checking account with Debit Mastercard.
- To receive the referral bonus the new account must remain in good standing; perform at least 10 Debit purchase transactions (excludes ATM transactions); enroll in e-Statements; and download the Island Mobile App within 90 days of account opening.
- After the above requirements have been met, we will deposit the bonus in the referring and new Member’s Checking accounts in the month following the 90-day period.
- Checking account bonus offer is available only when a referred friend, co-worker or family member opens a new Island Checking account.
- Not available to fiduciary accounts or those accounts that have been closed within 90 days or closed with a negative balance.
- Bonus will be reported on IRS form 1099-INT. Accounts are subject to approval.
- Offer valid 01/01/23 – 04/10/23. Offer is subject to change without notice.
- Cannot be combined with any other offers.
- Membership eligibility applies.
How To Waive Monthly Fees
- Cash Back Checking: No Monthly Fee
- Business Essential Checking: No Monthly Fee
- Business Premier Checking: No monthly fee if the balance remains above $5,000
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Conclusion
If you are currently a qualifying resident and are interested in earning a bonus while you bank, then consider this promotion from Island Federal Credit Union! For a limited time, just meet a few simple requirements and you can enjoy a generous bonus as well as great account features to better your banking experience.
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
Use our bank bonuses page to find other offers if you are not eligible for this one. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Feel free to comment on this post with any questions you may have about Highmark Federal Credit Union, their accounts they offer, or coupon codes.
Check back often for more Island Federal Credit Union Bonuses, Promotions, or Offers!
