Bethpage Federal Credit Union

What is the Bethpage Federal Credit Union?

Headquartered in Bethpage, New York, the Bethpage Federal Credit Union offers various financial services—such as savings and checking accounts, Certificates of Deposit, home equity loans, retirement plans, auto loans, money market accounts mortgages, low-interest loans, credit cards and online banking services—to residents of Long Island.

The Bethpage Federal Credit Union, which officially opened in 1941, originally served all employees of Long Island’s largest organizations, including BAE and Computer Associates. As the Bethpage Federal Credit Union grew, the organization extended its offerings to all Long Islanders.

The Bethpage Federal Credit Union is one of the largest credit unions on Long Island; the institution has over 60 branches and Shared Service Centers on Long Island and over 2,900 facilities nationwide. Furthermore, the Bethpage Federal Credit Union utilizes more than 25,000 surcharge-free ATMs across the country.


How is the Bethpage Federal Credit Union Different from Banks?

The Bethpage Federal Credit Union is different from a generic bank because its resources and services are undertaken solely for the benefit of its member owners. Furthermore, Members of the cooperative also serve as shareholders. Offering stake in the cooperative to its members denotes one simple fact concerning the cooperative’s mission statement: all policy decisions are initiated and formulated with the member’s best interest in mind.


What exactly is a Credit Union?

Credit unions are financial institutions that are owned and controlled by its account holders. These institutions provide credit, promote thrift and offer an assortment of other financial services to its members. In the United States, credit unions aim to strengthen their communities, by providing favorable banking and credit rates.