Bethpage Federal Credit Union Review 2022
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Bethpage Federal Credit Union is ideal for Long Island residents who want access to branches, low-cost loans and competitively priced deposit products.
- Low Min Balance
- Reward Checking
Bethpage Federal Credit Union, the largest credit union in New York state, is a full-service banking institution. All of its deposit accounts are insured up to $250,000 through the National Credit Union Administration.
Bethpage FCU offers a comprehensive slate of deposit and loan products.
There are no restrictions for membership.
Members have access to free financial education resources.
The yields tied to deposit accounts are fairly competitive, but other banks pay more interest.
Branch access outside of Long Island is limited.
Bethpage Federal Credit Union bank products
Bethpage Federal Credit Union savings overview
Bethpage has two unique products for younger savers: the Youth Savings Custodial New York Uniform Transfers to Minors Act (NYUTMA) account (ages 17 and younger) and the Young Adult Savings account (ages 18-20). The former is governed by the NYUTMA, so it can only be opened online if the custodian or the minor is a New York state resident.
The Regular Savings account requires only a balance of $5.
It also doesn’t charge a monthly service fee.
Bethpage offers two accounts for young savers.
The yield for the Regular Savings account is low compared with other options.
Bethpage Federal Credit Union shines in a number of areas. Not only does the credit union give members access to more than 30,000 free ATMs, it also offers numerous budgeting tools. Bethpage lets you do everything from searching transactions to creating a budget to checking your balance on your Apple Watch.
Customer-service representatives can be reached 7:30 a.m. to 7 p.m. Eastern time, weekdays, and 8 a.m. until 2 p.m. on Saturday. Accounts can also be accessed virtually anytime online.
About Bethpage Federal Credit Union
Bethpage Federal Credit Union is a midsize financial institution with deep roots in the communities of New York’s Long Island. The credit union initially served employees of Grumman Aircraft Engineering Corp. when it opened its doors in 1941 and changed its name to Bethpage Federal Credit Union in the early 1970s. The credit union offers a full selection of deposit and lending products to its 430,000 members. Membership is open to any U.S. citizen who deposits $5 into a share (savings) account.
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