Island Federal Credit Union Bonuses: $600 Checking Promotion (NY)

Here you can find the most recent Island Federal Credit Union bonuses, promotions, and offers.

Update 6/11/25: There’s currently a $600 checking bonus available through 7/31/26.

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.

I’ll go over the Island Federal Credit Union offers below.

Island Federal Credit Union $600 Checking Bonus

• What you’ll get: $600 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®, enroll in e-Statements and complete one or more of the following qualifiers:
    • Member will receive 20,000 uChoose Rewards® Bonus Points (cash value of $200) after completing $1,000 in debit card purchase transactions within the first 90 days of account opening.
    • Member will receive $200 when establishing Direct Deposit into the new Cash Back Checking Account within the first 90 days of account opening.
    • Member will receive $200 for maintaining a combined average daily balance of $10,000 or more in checking and savings for 90 consecutive days.
  • Use Promo Code: 600MORE when opening a new Cash Back Checking account online or mention promotional offer when opening a new account at an Island Federal branch.

(Expires 07/31/2026)

Fine Print

• All offers subject to credit approval.
• Open to individuals age 17 or older, who have not had an Island Federal Checking account in the past 12 months.
• Member must mention this promotional offer in-branch or use promo code “600MORE” when opening a new Cash Back Checking Account online.
• Enrollment in e-Statements is required to receive any incentives.
• Member will receive 20,000 uChoose Rewards® Bonus Points (cash value of $200) after completing $1,000 in debit card purchase transactions within the first 90 days of account opening.
• Member must enroll their debit card in uChoose Rewards program at www.uChooseRewards.com to receive bonus points.
• Member will receive $200 when establishing Direct Deposit into the new Cash Back Checking Account within the first 90 days of account opening.
• Direct Deposit is defined as receiving a minimum of two electronic deposits totaling at least $1,000 within a 90-day period.
• Eligible deposits must originate from an employer payroll provider, government benefits distributor, pension provider, or similar payroll source.
• Electronic transfers or deposits originating from other financial institutions are not eligible.
• Member will receive $200 for maintaining a combined average daily balance of $10,000 or more in checking and savings for 90 consecutive days.
• Member has 14 days from the date of account opening to meet this minimum balance requirement.
• $10,000 in funds must be new funds to the credit union.
• The Cash Back Checking Account and membership must remain open for at least 90 days for the Member to receive any incentives.
• All incentives will be distributed to eligible members between 90 and 120 days after account opening.
• Teen checking accounts and in-trust accounts are not eligible to receive any incentives.
• Members who are currently listed as joint owners on any existing Island Federal checking account are also ineligible for this promotional offer.
• Not available to accounts that have been closed with a negative balance.
• Bonus will be reported on IRS form 1099-INT.
• Offer valid through 07/31/2026.
• Membership eligibility applies.
• Federally Insured by NCUA.
• Membership eligibility applies.

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)

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

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.

• Best Savings/Money Market rates
• Best CD Account rates

Use our bank bonuses page to find other offers if you are not eligible for this one. Some popular bank offers include Chase 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!