Find the latest Island Federal Credit Union promotions, bonuses, and offers here.
Update 5/20/25: There’s currently a $400 checking bonus available through 6/30/25.
About Island Federal Credit Union Promotions
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 |
Island Federal Credit Union $400 Checking Bonus
- What you’ll get: $400 bonus
- Account Type: Checking
- Availability: NY (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination fee: Not listed
- Household Limit: Not listed
(Expires 06/30/2025)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- 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.
- 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)
- What you’ll get: $100 bonus
- Account Type: Checking
- Availability: NY (Bank Locator)
- Direct Deposit Requirement: No (see what works)
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination fee: Not listed
- Household Limit: Not listed
(Expires 04/10/2023)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- 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
- 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 Avoid 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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Bottom Line
I would check out this generous bonus. Feel free comment below and let us know about how it went and if you could fund your account with credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide.
*Compare Island Federal Credit Union Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO, SoFi, Bank of America, Wells Fargo, and more!*
*Check back on this page for updated Island Federal Credit Union promotions, bonuses, and offers.
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