Type Credit union Area served Long Island, New York Founded 1941 | Industry Financial services Total assets 6.1 billion USD (2015) | |
 | ||
Headquarters Bethpage, New York, United States Key people Don Balducci, chairman of the board
Wayne N. Grossé, president and CEO Products Savings; checking; consumer loans; mortgages; credit cards; online banking CEO Wayne N. Grossé (19 Jan 2015–) Profiles | ||
Bethpage Federal Credit Union is a federally chartered credit union headquartered in Bethpage, Long Island, New York. As of December 2015, Bethpage FCU is the largest credit union in New York state and 16th largest in the nation with approximately $6.1 billion in assets, 275,000 members, and 32 publicly accessible branches throughout Nassau and Suffolk counties.
Contents
Eligibility for membership is extended to anyone who lives, works, worships, attends school, or regularly conducts business in Nassau and Suffolk counties. Member deposits up to $250,000 in Bethpage FCU are insured through the National Credit Union Share Insurance Fund.
History
Grumman Hangar 2 Credit Union was opened for employees of Grumman Aircraft Engineering Corporation on October 28, 1941. Having been initially formed in Farmingdale, Grumman had moved to Bethpage by the time the credit union was separated in 1994, thus changing its name to Bethpage Federal Credit Union. In 2003, Bethpage was approved for the largest federal community charter in the U.S., allowing its rapid growth.
Community Involvement
Bethpage FCU has extensive ties to the communities it serves. For many years, Bethpage FCU has sponsored the Bethpage Air Show at Jones Beach. In 2010, Bethpage FCU signed a 10-year contract to sponsor the Suffolk County Sports Park in Central Islip, now known as Bethpage Ballpark, home of the Long Island Ducks. Bethpage FCU agreed in 2014 to sponsor the football stadium at the C.W. Post Campus of Long Island University, where they have also established a high-tech branch for the students and faculty of the school.