Bethpage Federal Credit Union


Overview / Commentary
800-628-7070
899 S Oyster Bay Rd
Bethpage, NY 11714

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

Bethpage Federal Credit Union 12-Month CD Rate Reaches New High - 2/27/2023

Bethpage Federal Credit Union (easy membership ) has boosted the rate on its 12-month Certificate to a twelve-year high. $50 minimum deposit.

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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: |

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

Posted by: |

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

Posted by: |

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.

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Health

Health Grade Components

Overall
NCUA #4735
Year Chartered1941
Employees773
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD6.75%
Annual Interest Income$388.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$12.99B$11.64B
LoansQ3 2023vs Q3 2022$8.78B$7.72B
DepositsQ3 2023vs Q3 2022$10.94B$10.64B
Equity CapitalQ3 2023vs Q3 2022$759.3MM$734.5MM
Loan Loss AllowanceQ3 2023vs Q3 2022$115.8MM$75.6MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$109.6MM$79.2MM
Real Estate OwnedQ3 2023vs Q3 2022$2.1MM$261K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$1kStudent Savings
OTHER TIERS: 1.00% $1k - $10k
0.10%$5-Savings Accounts
0.10%$5-Business Savings Accounts

Bethpage Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$250k*-Money Market Account
OTHER TIERS: 0.10% Up to $500 | 1.15% $500 - $50k | 1.25% $50k - $100k | 1.50% $100k - $250k
2.00%*$250k*-IRA Money Market
OTHER TIERS: 0.10% Up to $500 | 1.15% $500 - $50k | 1.25% $50k - $100k | 1.50% $100k - $250k
2.00%*$250k*-Business Money Market Account
OTHER TIERS: 0.10% Up to $500 | 1.15% $500 - $50k | 1.25% $50k - $100k | 1.50% $100k - $250k

Bethpage Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%--IOLA Checking
0.40%--Free Checking (Bonus Checking)
0.20%--Business Free Checking with Interest

Bethpage Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$50-11 Month Certificate
5.00%$50-Business 11 Month Certificate
4.00%$50-6 Month Certificate
4.00%$50-12 Month Certificate
4.00%$50-Business 6 Month Certificate
4.00%$50-Business 12 Month Certificate
3.00%$50-18 Month Certificate
3.00%$50-24 Month Certificate
3.00%$50-30 Month Certificate
3.00%$50-36 Month Certificate
3.00%$50-48 Month Certificate
3.00%$50-60 Month Certificate
3.00%$50-39 Month "Bump Up" CD
3.00%$50-Business 18 Month Certificate
3.00%$50-Business 24 Month Certificate
3.00%$50-Business 30 Month Certificate
3.00%$50-Business 36 Month Certificate
3.00%$50-Business 39 Month "Bump Up" CD
3.00%$50-Business 48 Month Certificate
3.00%$50-Business 60 Month Certificate
2.25%$50-3 Month Certificate
2.25%$50-Business 3 Month Certificate

Bethpage Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$50-11 Month IRA
4.00%$50-6 Month IRA
4.00%$50-12 Month IRA
3.00%$50-18 Month IRA
3.00%$50-24 Month IRA
3.00%$50-30 Month IRA
3.00%$50-36 Month IRA
3.00%$50-48 Month IRA
3.00%$50-60 Month IRA
3.00%$50-39 Month "Bump Up" IRA
2.25%$50-3 Month IRA
Locations

Availability



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