Bethpage Credit Union

899 So. Oyster Bay Road
Bethpage, NY 11714
(800) 628-7070
www.bethpagefcu.com

OverView
Rates
Health
Reviews

Bethpage Credit Union is headquartered in Bethpage and is the largest credit union in the state of New York. It is also the 18^st largest credit union in the nation. It was established in 1941 and as of December of 2011, it had grown to 375 employees and 196,149 members. Bethpage Credit Union's savings rates are 44% higher than the national average, and it has a 4-star health rating.

Credit Union Pledges Fee-Free Checking For Life (Forum) - 10/20/2011

From New York Times Bucks blog A Long Island credit union, seeking to capitalize on growing antibank sentiment, is offering new customers guaranteed “fee free” checking accounts — for life. It's another example of a credit union tryin

3.75% 24-Month / 3.50% 9-Month CD at a New York CU (Bethpage) - 5/30/2008

Update 6/21/08: The 24-month CD rate dropped from 4% to 3.75% APY. The credit union also added a 4.10% APY 39-month CD. The title has been modified to reflect this change.Bethpage Federal Credit Union has two competitive certificate rates as part of a...

5.10% 60-Month / 5.00% 36-Month CD at a New York CU (Bethpage). - 1/22/2008

Bethpage Federal Credit Union has some high rates on its long term certificates. The highest rate is 5.10% APY on the 60-month term. The 48-month and 36-month terms have a yield of 5.00% APY. There's also a promotional 16-month certificate with a 4.80%...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Bethpage Credit Union Checking Account Rates

Apy	Min	Max	Product
1.00%	-	-	Bonus Checking - Qualifying
0.75%	$150k	-	Business Step up Checking
0.75%	-	-	Business Free Checking with Interest
0.10%	$2,500	-	Student Checking

Bethpage Credit Union Savings Account Rates

Apy	Min	Max	Product
4.00%	-	$1k	Youth Savings Account
0.30%	-	-	Savings Accounts
0.30%	-	-	Business Savings Accounts

Bethpage Credit Union Money Market Rates

Apy	Min	Max	Product
0.75%	$50k	-	Money Market Account
0.75%	$50k	-	IRA Money Market
0.75%	$50k	-	Business Money Market Account

Bethpage Credit Union CD Rates

Apy	Min	Max	Product
1.75%	$1k	-	60 Month CD
1.75%	$1k	-	Business 60 Month CD
1.65%	$1k	-	48 Month CD
1.65%	$1k	-	Business 48 Month CD
1.60%	$1k	-	36 Month CD
1.60%	$1k	-	39 Month "Bump Up" CD
1.60%	$1k	-	Business 36 Month CD
1.60%	$1k	-	Business 39 Month CD
1.45%	$1k	-	30 Month CD
1.45%	$1k	-	Business 30 Month CD
1.30%	$1k	-	24 Month CD
1.30%	$1k	-	Business 24 Month CD
0.95%	$1k	-	18 Month CD
0.95%	$1k	-	Business 18 Month CD
0.70%	$1k	-	12 Month CD
0.70%	$1k	-	Business 12 Month CD
0.60%	$1k	-	6 Month CD
0.60%	$1k	-	Business 6 Month CD
0.40%	$1k	-	3 Month CD
0.40%	$1k	-	Business 3 Month CD

Bethpage Credit Union IRA Rates

Apy	Min	Max	Product
1.75%	$1k	-	60 Month IRA
1.65%	$1k	-	48 Month IRA
1.60%	$1k	-	36 Month IRA
1.45%	$1k	-	30 Month IRA
1.30%	$1k	-	24 Month IRA
0.95%	$1k	-	18 Month IRA
0.70%	$1k	-	12 Month IRA
0.60%	$1k	-	6 Month IRA
0.40%	$1k	-	3 Month IRA

Rates updated: 5/23/2012

Data for Q4 2011

Institution Statistics

BETHPAGE
NCUA #	4735
BankRate Report	View
Year Chartered	1941
Employees	375
Primary Regulator
Assets and Liabilities
Assets	$4.51 billion
Loans	$2.33 billion
Deposits	$4.04 billion
Equity Capital	$376.71 million
Loan Loss Allowance	$31.97 million
Unbacked Noncurrent Loans	$28.90 million
Real Estate Owned	$5.15 million
Historic Data - December 2010
Assets	$4.01 billion
Equity Capital	$332.31 million
Loan Loss Allowance	$27.38 million
Unbacked Noncurrent Loans	$21.32 million
Real Estate Owned	$5.71 million
Profit Margin - Quarterly
Net Interest Margin	3.14%
Return on Assets	0.91%
Return on Equity	10.88%
Interest Income	$161.66 million
Non-Interest Income	$34.81 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bethpage Credit Union had $34.04 million in non-current loans and owned real-estate with $408.68 million in equity and loan loss allowances on hand to cover it. This gives Bethpage Credit Union a Texas Ratio of 8.33% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Bethpage Credit Union held steady from 7.52% as of December 31, 2010 to 8.33% as of December 31, 2011, resulting in a negative change of 10.84%. This indicates that the balance sheet and financial strength for Bethpage Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Bethpage Credit Union has increased its total deposits by $448.93 million, resulting in 12.52% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bethpage Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bethpage Credit Union has $4.51 billion in assets with $408.68 million in equity, resulting in a capitalization level of 9.07%, which is average.