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Bethpage Federal Credit Union Review 2022

Updated December 2, 2022
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At a glance

4.5
Rating: 4.5 stars out of 5
Bankrate Score
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CDs

Rating: 4.5 stars out of 5

Checking

Rating: 5 stars out of 5

Savings

Rating: 3.3 stars out of 5

MMA

Rating: 4.9 stars out of 5

About Bankrate Score

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Overview

Bethpage Federal Credit Union is ideal for Long Island residents who want access to branches, low-cost loans and competitively priced deposit products.

Highlights

  • Low Min Balance
  • Reward Checking
Compare offers
Bank logo
Member FDIC
Savings Account
3.85
%
APY
Rating: 4.5 stars out of 5
$0
Min. balance for APY
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Bank logo
Member FDIC
Savings Account
3.75
%
APY
Rating: 4.5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.60
%
APY
Rating: 4.5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

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.

Pros

  • Checkmark

    Bethpage FCU offers a comprehensive slate of deposit and loan products.

  • Checkmark

    There are no restrictions for membership.

  • Checkmark

    Members have access to free financial education resources.

Cons

  • 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

3.3
Rating: 3.3 stars out of 5
Bankrate Score

Bethpage Federal Credit Union savings overview

Bethpage Federal Credit Union's Regular Savings account pays an APY that’s close to the national average. The account requires only a $5 deposit to open and doesn’t charge a monthly service fee.

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.

Pros

  • Checkmark

    The Regular Savings account requires only a balance of $5.

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    It also doesn’t charge a monthly service fee.

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    Bethpage offers two accounts for young savers.

Cons

  • The yield for the Regular Savings account is low compared with other options.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.85
%
APY
Rating: 4.5 stars out of 5
InfoHover for more
$0
Min balance for APY

Bank experience

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.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.