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Bethpage Federal Credit Union

Overview / Commentary
899 S Oyster Bay Rd
Bethpage, NY 11714-1030

First founded for the benefit of Grumman Aircraft Engineering Corporation’s employees in 1941, Bethpage Federal Credit Union has grown to become one of the largest credit unions in the Northeast. Still headquartered in Bethpage, New York, Bethpage FCU has opened its field of membership to anyone who opens a savings account. Although its branch locations are all in Long Island or New York City, Bethpage FCU’s co-op network includes Shared Service Centers nationwide. It is also able to serve its nationwide membership through convenient online and mobile banking options.

In addition to its required regular savings accounts, Bethpage FCU offers a variety of personal deposit accounts, including savings accounts for children, young adults, and special purposes. Its free checking accounts feature free online and mobile banking, free online bill pay, and free mobile check deposit, as well as a free debit card.

Bethpage’s money market accounts yield tiered interest rates, depending on how much money is in the account. Terms for Bethpage’s Certificates of Deposit (CDs) range from 6 to 60 months, with a very low minimum initial deposit. Also, at the time of this writing, the credit union offers a 39-month bump-up certificate – which includes the one-time possibility of increasing the interest rate during the certificate’s term. Bethpage also provides a “Certificate Portfolio,” which helps members to create their own “CD ladder,” in which funds are deposited simultaneously into multiple CDs with increasing term lengths, in order to provide ready access to a portion of the funds as each CD matures. As for Individual Retirement Accounts (IRAs), Bethpage offers both traditional and Roth IRA CDs with very low minimum initial deposits. The terms for these IRA CDs also range from 6 to 60 months.

Bethpage FCU also offers a range of business depository banking products, including business checking accounts, business savings accounts, business CDs, and business money market accounts. The business savings account can be used as an overdraft protection measure for a business checking account. Business CD terms range from 3 to 60 months, and Bethpage allows businesses to use funds in these certificate accounts as collateral for loans. Finally, Bethpage’s business money market accounts have three dividend tiers, depending upon the account balance.

Field of Membership Restrictions

Membership in Bethpage Federal Credit Union is open to anyone through opening a $5 savings account.
See current membership details

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Reviews (8)

Best bank I ever have

I have been with credit union for over 10 years. Their service is excellence. I have asked for the personal check book and I received by mail on another day without any charge. Normally they don't have extra charge for most of the service. Plus, the interest rate for car loan or house mortgage is lower than other banks.

Great institution outdated online banking

I have been banking at Bethpage Federal Credit Union for over 15 years. My experience at the credit union is that the customer service is excellent and all of the employees are willing to help. Their rates are extremely competitive from deposit rates to mortgage rates. I could not find better mortgage rates through one of the big banks. If there is one thing I would change it would be the online banking. The online banking is very antiquated and not as advanced as some of the bigger banks such as Chase and TD Bank. It takes some getting used to to navigate the online banking but once you get the hang of it its not too bad. The credit union also has no ATM fees from the credit union when using an ATM that is not the credit unions. For example if I were to use my ATM card at a chase ATM, I would only be charged the Chase fee and not the credit union fee.

I love my credit union!

Posted by: NicoleM. | Oct 10, 2014

Bethpage FCU on Long Island, NY is the best credit union out there. They do not charge maintenance fees for any accounts, and they offer every member 1% interest on their checking account balance if the member does 10 debit transactions on that account per month along with enrolling in eStatements and having direct deposit at least once a month to that account. That is an incredible offer! When I had a youth account there I had 3% interest on the first $1000 in my savings account and then 0.75% interest on the remaining balance in that account. Where else can you find interest rates like that! Above all, their customer service is top tier, and they ALWAYS specialize my service to cater to my widely varying financial needs. I would highly recommend this credit union to anyone who fits within their charter.

BFCU is the best credit union

Posted by: Clowneria | Apr 27, 2018

I have been banking with Bethpage FCU for years and they have exceeded my expectations. They have been reasonable about reversing $30 overdraft fees. They also have excellent interest rates where I can earn 1.25% on my money market and 1.00% on my checking. Much higher interest rates than I could find elsewhere. Very happy with their customer service and their willingness to help me with whatever I need.

Knowledgeable and Caring

Posted by: James2014 | Apr 30, 2014

I have trusted my money to Bethpage Federal Credit Union for a number of years now without any incident or worry. I first approached my local branch not knowing very much about investing; the employees were friendly, not intimidating, and knowledgeable. They answered all of the questions I had and helped me open several accounts that made sense for me. Their rates are competitive, and I ended up opening a CD with the option to upgrade (once) to a higher rate if/when it became available. I feel secure and well taken care of by Bethpage.

high interest

Posted by: vancetran | Apr 8, 2018

Bethpage credit union has a competitive interest rate. That is the only reason I even joined up with them after previously being with TD Bank. TD Bank gave around .01 interest whereas Bethpage was giving 1%
I would be getting the interest every month at the end of the month but they gave me so many issues the first month. I would be asking them if I am going to receive the money and they kept giving me conflicting answers. It was very frustrating but in the end I did get the interest and i have been getting the interest ever since then. Their app is okay but it can be a bit glitchy. The app is better used with mint or something else. overall it is good if you want better interest than typical banks

No Better Than A Bank

Posted by: Dalety57 | May 12, 2017

I would give them zero stars if I could. Charged me $60 for NSFs even though I had more than $1,000 in my account. Claimed they could charge me whatever they wanted because the funds weren't available for five days. The deposit was from another CU and were immediately available. Refused to reverse charges. When I said I was seriously considering closing my account the response was "Do whatever you want." Obviously they now care more about money than relationships.

Worst Bank And People

Would not recommend anyone do Business with this company. Essentially this Bank, the Levittown location, made false promises that I relied on, that lead to the money my father left me upon his death being used to pay a credit card bill. They accused me of lying regarding the conversations I had with them inside the bank location. This place is deplorable and I recommend that anyone who has their money here and/or a credit card remove themselves from this business at once. I will be filing with the BBB and any other remedy I have against them. In dealing with managers all I have to say is the one at the branch location was despicable in the way she treated and spoke to me. Her higher manager tried to tell me he is sorry I feel this way but his team and him decided they would not refund me my father's money. Save yourself the headache and withdraw your money, no one wants to be treated like this after the death of a parent or loved one.


Health Grade Components

NCUA #4735
Year Chartered1941
Primary Regulator
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD11.89%
Annual Interest Income$79.7MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$8.65B$7.89B
LoansQ1 2019vs Q1 2018$6.15B$5.70B
DepositsQ1 2019vs Q1 2018$7.65B$7.01B
Equity CapitalQ1 2019vs Q1 2018$697.7MM$627.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$55.0MM$61.1MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$65.5MM$80.3MM
Real Estate OwnedQ1 2019vs Q1 2018$2.0MM$1.9MM
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Always verify rates and promotions with the bank or credit union. We are not Bethpage Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bethpage Federal Credit Union Savings Account Rates

4.00%*$5$1kYouth Savings Account
OTHER TIERS: 0.35% $1k+
0.20%$5-Savings Accounts
0.20%$5-Business Savings Accounts

Bethpage Federal Credit Union Money Market Rates

2.00%$500-Money Market Account
2.00%$1-IRA Money Market
2.00%$500-Business Money Market Account

Bethpage Federal Credit Union Checking Account Rates

2.00%--IOLA Checking
1.00%--Bonus Checking - Qualifying
1.00%--Young Adult Checking
0.40%--Business Free Checking with Interest
0.10%$2.5k-Student Checking

Bethpage Federal Credit Union CD Rates

2.75%$50-60 Month Certificate
2.75%$50-Business 60 Month Certificate
2.60%$50-48 Month Certificate
2.60%$50-Business 48 Month Certificate
2.55%$50-36 Month Certificate
2.55%$50-39 Month "Bump Up" CD
2.55%$50-Business 36 Month Certificate
2.55%$50-Business 39 Month "Bump Up" CD
2.50%$50-24 Month Certificate
2.50%$50-30 Month Certificate
2.50%$50-Business 24 Month Certificate
2.50%$50-Business 30 Month Certificate
2.45%$50-19 Month Certificate
2.45%$50-Business 19 Month Certificate
2.20%$50-12 Month Certificate
2.20%$50-Business 12 Month Certificate
2.00%$50-3 Month Certificate
2.00%$50-6 Month Certificate
2.00%$50-Business 3 Month Certificate
2.00%$50-Business 6 Month Certificate

Bethpage Federal Credit Union IRA Rates

2.75%$50-60 Month IRA
2.60%$50-48 Month IRA
2.55%$50-36 Month IRA
2.50%$50-24 Month IRA
2.50%$50-30 Month IRA
2.45%$50-19 Month IRA
2.20%$50-12 Month IRA
2.00%$50-3 Month IRA
2.00%$50-6 Month IRA


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