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
Bethpage Federal Credit Union is open to anyone with a $5 minimum share account
See current membership details
Related Posts
10/20/17 - Bethpage FCU -- 11-month No-Penalty CD -- 1.50% APY
5/22/17 - Bethpage FCU's 25-month CD Is Available Nationwide
3/11/17 - Bethpage FCU IRA CDs As High As 2.32%
4/4/16 - Bethpage FCU Expanding Its FOM after Montauk Credit Union Merger
8/6/15 - Bethpage Federal CU (NY) Boosts The Rate On 22-Month CD
4/9/15 - Expired: Bethpage FCU Offers $100 Bonus When Opening A Bonus Checking Account
10/27/14 - Bethpage Federal CU's Summer 22-month CD Special Still Available
7/10/14 - 22 Month CD APY=1.50% Bethpage FCU, Restricted NY Membership
11/20/13 - Reward Checking Account Bonus at Bethpage FCU in Parts of NY
8/24/12 - $50 Checking Account Bonus At Bethpage Credit Union In Long Island NY
6/13/12 - Bethpage Federal Credit Union Accepts Responsibility For Data Spill
10/20/11 - Credit Union Pledges Fee-Free Checking For Life
6/21/08 - 3.75% 24-Month / 3.50% 9-Month CD at a New York CU (Bethpage)
1/26/08 - 5.10% 60-Month / 5.00% 36-Month CD at a New York CU (Bethpage).
1/25/07 - 5.50% 16-Month / 5.35% 8-Month CD at a New York CU (Bethpage)
8/4/06 - 5.70% 9-Month CD at a New York CU (Bethpage)
1/31/06 - 5% 16-Month CD at a New York CU
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!
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.
Knowledgeable and Caring
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.
Terrible Website And Service
There are plenty of choices for HELOCs, I would avoid this credit union.
Website - tried several times to schedule a transfer from the Bethpage HELOC to the Bethpage Checking (SAME institution). Something that should take 30 seconds took several attempts from both me and my wife.
800 Number - Called today because the transfer was not done.
Its a transfer from one Bethpage account to another Bethpage account. Not rocket science.
Been on hold for 1:37 minutes.
A rep picks up and states they have been experiencing unusually long hold times.
After explaining the issue, Leslie states that she can't access my online banking and I would have to be transferred to online banking. I asked to speak to a manager and I was put on hold again for 20 minutes. I was then disconnected.
Total call time - One hour and 57 minutes.
You cant make this up.
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4735 |
| Year Chartered | 1941 |
| Employees | 780 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 5.48% |
| Annual Interest Income | $535.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $12.86B$11.94B |
| Loans | Q4 2023vs Q4 2022 | $8.99B$8.14B |
| Deposits | Q4 2023vs Q4 2022 | $10.7B$10.57B |
| Equity Capital | Q4 2023vs Q4 2022 | $852MM$760.4MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $125.2MM$81.8MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $155.4MM$79.5MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $2.1MM$261K |
