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Hours of Operation: Monday – Friday: 7:00am – 7:00pm Saturday: 8:30am – 1:00pm. Phone: 401.846.8930 Toll Free: 800.498.8930Island 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. ... Founded in 1955, Island Federal Credit Union is a not-for-profit, full service financial institution, with over 50,000 members in Long Island and Brooklyn, NY..