Bethpage Credit Union is headquartered in Bethpage and is the largest credit union in the state of New York. It is also the 16st largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 428 employees and 232,236 members. Bethpage Credit Union's savings rates are 6X the national average, and it has a B+ health rating.
Now, nearly all Long Islanders are eligible to become members of Bethpage Federal Credit Union! If you live, work, worship or go to school in Nassau county or in portions of Suffolk county (Town of Babylon, Town of Islip, The Poospatuck Reservation, Town of Southold), you're eligible to join right away! Residents of towns not within Field of Membership (South Fork of Long Island) are eligible for membership if they meet any of the other eligibility requirements. Once you become a member of Bethpage, immediate members of your family and any member of your household are also eligible to join and take advantage of Bethpage membership and all its benefits too! - See Details
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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, 2013 Bethpage Credit Union had $45.76 million in non-current loans and owned real-estate with $459.69 million in equity and loan loss allowances on hand to cover it. This gives Bethpage Credit Union a Texas Ratio of 9.95% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Bethpage Credit Union held steady from 7.03% as of December 31, 2012 to 9.95% as of December 31, 2013, resulting in a negative change of 41.55%. This indicates that the balance sheet and financial strength for Bethpage Credit Union has held steady in recent periods.
In the past year, Bethpage Credit Union has increased its total deposits by $316.58 million, resulting in 6.93% 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.
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 $5.44 billion in assets with $459.69 million in equity, resulting in a capitalization level of 8.44%, which is average.
|Assets and Liabilities|
|Equity Capital||$433.34 million|
|Loan Loss Allowance||$26.35 million|
|Unbacked Noncurrent Loans||$41.69 million|
|Real Estate Owned||$4.06 million|
|Historic Data - December 2012|
|Equity Capital||$444.87 million|
|Loan Loss Allowance||$33.89 million|
|Unbacked Noncurrent Loans||$41.69 million|
|Real Estate Owned||$5.26 million|
|Profit Margin - Quarterly|
|Net Interest Margin||2.79%|
|Return on Assets||0.81%|
|Return on Equity||10.15%|
|Interest Income||$154.63 million|
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|3.00%||-||$1k||Youth Savings Account|
|0.20%||-||-||Business Savings Accounts|
|0.50%||$50k||-||Money Market Account|
|0.50%||$50k||-||IRA Money Market|
|0.50%||$50k||-||Business Money Market Account|
|0.40%||-||-||Business Free Checking with Interest|
|1.45%||$1k||-||60 Month CD|
|1.45%||$1k||-||Business 60 Month CD|
|1.35%||$1k||-||48 Month CD|
|1.35%||$1k||-||Business 48 Month CD|
|1.20%||$1k||-||36 Month CD|
|1.20%||$1k||-||Business 36 Month CD|
|1.10%||$1k||-||39 Month "Bump Up" CD|
|1.10%||$1k||-||Business 39 Month "Bump Up" CD|
|1.05%||$1k||-||30 Month CD|
|1.05%||$1k||-||Business 30 Month CD|
|0.90%||$1k||-||24 Month CD|
|0.90%||$1k||-||Business 24 Month CD|
|0.75%||$1k||-||18 Month CD|
|0.75%||$1k||-||Business 18 Month CD|
|0.55%||$1k||-||12 Month CD|
|0.55%||$1k||-||Business 12 Month CD|
|0.45%||$1k||-||6 Month CD|
|0.45%||$1k||-||Business 6 Month CD|
|0.35%||$1k||-||3 Month CD|
|0.35%||$1k||-||Business 3 Month CD|
|1.45%||$1k||-||60 Month IRA|
|1.35%||$1k||-||48 Month IRA|
|1.20%||$1k||-||36 Month IRA|
|1.05%||$1k||-||30 Month IRA|
|0.90%||$1k||-||24 Month IRA|
|0.75%||$1k||-||18 Month IRA|
|0.55%||$1k||-||12 Month IRA|
|0.45%||$1k||-||6 Month IRA|
|0.35%||$1k||-||3 Month IRA|