First founded for the benefit of Grumman Aircraft Engineering Corporation’s employees in 1941, FourLeaf Federal Credit Union has grown to become one of the largest credit unions in the Northeast. Still headquartered in FourLeaf, New York, FourLeaf 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, FourLeaf 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, FourLeaf 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.
FourLeaf’s money market accounts yield tiered interest rates, depending on how much money is in the account. Terms for FourLeaf’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. FourLeaf 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), FourLeaf 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.
FourLeaf 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 FourLeaf allows businesses to use funds in these certificate accounts as collateral for loans. Finally, FourLeaf’s business money market accounts have three dividend tiers, depending upon the account balance.
Field of Membership Restrictions
FourLeaf Federal Credit Union is open to anyone with a $5 minimum share account.
See current membership details
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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.
Horrible Treatment Of Members
This bank is great unless you run into a problem- Then all hell happens. During Covid pandemic - while I was trying to keep my life together my bank account was hacked and Bethpage allowed fraudulent charges to be processed for 6 months. I checked my account numerous times but bc the charges were scattered and few throughout the day it was hard to detect. I didn't notice until 6 moths later - $7000 was taken little by little all charges from another state - without any alert or warning. Bethpage only refunded me half the amount - and said it was my responsibility too. I have never experienced this before - I am suing them for the rest of MY money - that I, as a client have entrusted them to protect. I think it is very convenient for Bethpage to charge members such a high price/penalty for a breach to their own system. It gives them zero incentive to make their system better. Their customer service was HORRENDOUS! I moved my mortgage and left Bethpage forever-
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4735 |
| Year Chartered | 1941 |
| Employees | 858 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 4.94% |
| Annual Interest Income | $625.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $13.37B$12.86B |
| Loans | Q4 2024vs Q4 2023 | $10.19B$8.99B |
| Deposits | Q4 2024vs Q4 2023 | $11.61B$10.7B |
| Equity Capital | Q4 2024vs Q4 2023 | $962.1MM$852MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $146.9MM$125.2MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $177.4MM$155.4MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $295K$2.1MM |
