Stony Brook Matters

Island Federal Credit Union’s New Research Lab Opens for Business


At a ribbon-cutting ceremony on May 2, the College of Business Dean, Manny London, and Island Federal Credit Union President and CEO, Bret Sears, formally opened the Island Federal Credit Union Business Lab. The newly outfitted space, located on the third floor of Harriman Hall, provides a functional and private lab for research.

Bret Sears, President and CEO of Island Federal Credit Union, at the Business Lab ribbon cutting.
Bret Sears, President and CEO of Island Federal Credit Union, at the Business Lab ribbon cutting.

The naming comes as part of a $3,000,000 philanthropic gift made by Island Federal Credit Union in 2014. Of that gift, $750,000 established three funds at the College of Business, including an endowment for banking education and research, a dean’s fund for excellence in finance and a fund to support subscriptions to multiple research databases. This generous contribution further serves to solidify Island’s presence throughout campus as their philanthropy also supports the Stony Brook Alumni Association, the Stony Brook Children’s Hospital, Staller Center for the Arts and Long Island State Veterans Home.

The College of Business at Stony Brook is unique in its ability to provide a truly interdisciplinary education, using Stony Brook’s position as a top-tier research university to draw upon science, mathematics, engineering, medicine and more to create a multifaceted approach to business. The research opportunities at the College of Business combined with the hands-on experience supported by Island, a leading banking institution, serve to strengthen the valuable finance education provided by our growing program.

Dexter Bailey, Senior Vice President for Advancement, has been outspoken in his appreciation for Mr. Sears and Island Federal Credit Union, saying “Island’s generosity is truly felt throughout our campus community. Their commitment to Stony Brook is outstanding.”

The new lab is the most recent example of Island’s ongoing investment across campus. “All of us at Island Federal Credit Union recognize the important role that Stony Brook University plays in our region,“ said Bret Sears. “We thank you for producing world-class research, stimulating new business development, and most importantly for educating our future leaders across many disciplines.”

To join Island Federal Credit Union and the rest of our generous donors on the relentless pursuit of excellence and for more information about The Campaign for Stony Brook, visit

View photos from the ribbon-cutting ceremony.

— Remy Rubin

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