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Members First Newsletter

Third Quarter 2021

What’s in this issue?

Youth and Young Adult Accounts

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Bethpage Mortgage

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Bethpage gives back

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Convenient banking

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Wayne Grossé Photo

Wayne N. Grossé President & Chief Executive Officer

A message from the President.

With all our branches now open, plus 24/7 digital banking, Bethpage is here to help you by providing easy and convenient access to our banking services.

Over the last year, the pandemic changed the way the world does business. The necessity for virtual service and flexibility has inspired companies to think and operate differently. Here at Bethpage, we continuously strive to meet the needs of our members and provide quality financial products with the highest standard of service. During the pandemic we introduced new ways of meeting with our branch representatives and enhanced many features in our digital banking platform. In addition to walk-in branch visits, members can now meet with a Bethpage representative through a pre-scheduled appointment via phone, video, or in-person. Last year we also introduced Zelle to our digital banking service, so money transfers to family and friends are a click away.

For those looking to buy or refinance a home, historically low interest rates are another reason to celebrate this summer. In this issue of Members First we feature some great tips for both buying and refinancing a home. To help you decide if refinancing or making a move to a new home is right for you, I encourage you to visit our website to view our daily rate sheet and use our online tools to calculate projected monthly payments. We also have dedicated loan officers to help you determine which options are best for your financial needs.

We remain committed to your safety as we emerge from this pandemic.

Sincerely,
Wayne N. Grossé
President & Chief Executive Officer

Youth Promo Skater

Youth and Young Adult Accounts. Get them stoked about saving.

Kids don’t dream about saving, they dream about that new skateboard. Help them do both.

Open a Youth or Young Adult Account from July 12 to September 6, 2021, and you’ll be automatically entered for a chance to win a gift card worth up to $500!* A total of fifteen (15) prizes will be awarded during the Bethpage 2021 Youth/Young Adult Account Summer Sweepstakes:[1]

• Five $500 Gift Cards
• Five $250 Gift Cards
• Five $100 Gift Cards

YOUTH SAVINGS/
YOUNG ADULT SAVINGS[2]
2.00% APY[3]
On balances from $5.00 to $1,000.00
  • No monthly maintenance fees
  • For ages 0-20
  • Start with as little as $5



To learn more about our youth and young adult accounts, or to open one today, stop by your local branch or visit lovebethpage.com/dreams.

Mortgage image

Looking for a new home? Bethpage is here to help.

There are many reasons to relocate: a bigger home, a smaller home, a new job, better weather, proximity to family or friends — and with more companies shifting to more flexible work from home policies, you may be ready to move now. Whether you are moving 5 miles or 1,500,[4] Bethpage is here to help you find the best loan for your new home, offering the great rates, low fees, and the exceptional service our members expect from us. Bethpage offers mortgage products in 49 states with a wide range of terms to meet your home financing needs.

Here are a few tips for your next home purchase and the ways Bethpage can help:
Determine what you can afford.

The first step in the home buying process is to figure out what you can afford. Your monthly costs will include more than just the principal and interest on your mortgage. You should factor in additional expenses, such as property taxes, monthly maintenance fees, and homeowners insurance, in order to get a more accurate assessment of what you can afford. Bethpage has great mortgage calculators to help you determine affordability and estimated monthly payments. Because mortgage rates change daily, it is important to keep up-to-date with the most recent information.

Visit lovebethpage.com/rates to find the best term and rate for you!

Get pre-qualified.

Pre-qualification letters provide borrowers with an informal estimate of how much they can afford. Having a pre-qualification letter assures both the seller and their agent that you qualify for a loan to buy within range of their listed price. To get pre-qualified all you need to do is provide Bethpage with some basic information. Once you have that letter in-hand you will have what you need to begin house-hunting with confidence.

Lock in great rates and low fees.

Bethpage offers a free 60-day rate lock![5] When you get a mortgage loan from Bethpage, you can lock in your interest rate — at no charge — for sixty days.

Dedicated loan officer.

Whether you apply in-person, online, or over the phone, our dedicated loan officers will take you through every step of the mortgage process and provide you with their expert advice and personal service.

Closing flexibility.

We know that every home purchase is different so we try to give you the flexibility to close within your timeline. There are many factors that can impact your closing date so we will work closely with you and your home buying team to ensure a smooth, on-time closing.

Visit lovebethpage.com/mortgage or call 855-459-2406 to begin the application process or learn more about Bethpage’s mortgage options.

Mortgage image

Staying where you are? Bethpage can help you refinance!

Now could be the time to refinance your current mortgage.

Interest rates are at a historic low, and many home owners can improve their short-or long-term financial situation by refinancing their mortgage. Here are a few reasons to consider refinancing:

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Reduce monthly payment

When interest rates drop, one of the biggest reasons homeowners choose to refinance is to reduce their monthly mortgage payments with a lower interest rate.

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Pay off loan faster

When you refinance to a new loan with a shorter term, you can pay off your home sooner and save thousands of dollars in interest fees.

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Lock in a fixed interest rate

Sometimes circumstances change and the reasons you got an adjustable-rate mortgage may no longer apply. Refinancing to a fixed-rate mortgage can help you plan for the future.

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Get cash

A cash-out refinance can give you access to the equity in your home and give you the funds you need for major expenses, such as, home improvements, college tuition, or debt consolidation.


It is important to examine your current financial situation and your overall financial goals before deciding if a refinance is right for you. Bethpage has expert loan officers that can work with you to determine which refinance option is best for you and your financial goals. Learn more by visiting lovebethpage.com/mortgage or calling 855-459-2406 today!

Quickly estimate new monthly payments with Bethpage’s mortgage calculator: lovebethpage.com/calculator.

Community spotlight.

Bethpage gives back. By the numbers.

As a not-for-profit credit union, we are committed to our members and the communities we serve. In addition to giving back to our members in the form of great rates and low fees, we invest heavily in local, high-impact community programs. Through these efforts, we believe we will continue to improve the quality of life on Long Island and beyond.

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Bethpage Air Show

Generates an average of $15 million in tourism and 400,000 spectators annually

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Bethpage Turkey Drive

Feeds an average of 316,000 people in need each Thanksgiving

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Bethpage VITA

Returns an average of $1.5M+ annually through our free tax assistance program

The Bethpage Cares program supports nonprofits and local organizations who serve with an eye towards creating better communities through diversity, equity, inclusion, and belonging.

23

family and health services organizations supported

5

housing organizations supported

26

community education programs supported

27

community boards served by Bethpage leadership

8,000

hours volunteered by Bethpage employees

50

college scholarships awarded annually

To learn more about our community efforts, visit lovebethpage.com/community.

Bethpage cares Logo

Bethpage Ride is open!

Bethpage Ride provides a convenient, affordable, eco-friendly way to get around in select towns on Long Island. Sponsored by Bethpage and under a new partnership with PedalShare, bike stations are conveniently located throughout Suffolk County.

Bike stations can be found in:

• Huntington
• Lindenhurst
• Babylon
• Patchogue
• Riverhead
• Hampton Bays
• ...and more!


How it works:

Download the Bloom Bike app, find available bikes at local docking stations, pay the rental fee, unlock the bike, and ride. Bikes can be returned to any stations within the system.

Download the app, and start riding.

Help us keep your accounts secure.

Update your Bethpage account with your current contact information.

In order to keep your accounts and information safe and secure, Bethpage uses security measures to verify who you are through text, phone, or email. That is why it is so important that your contact information is current and correct within our system.

Visit lovebethpage.com to confirm your information today!

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Schedule an appointment.

In person, video, or phone appointments at your convenience.

Whether you are opening a new account or applying for a new loan, you can easily and conveniently connect with a Bethpage representative. Pick a time and location that works for you!

Visit lovebethpage.com/appointment to schedule your next appointment.

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Convenient Banking

Convenient Banking.

Access your accounts at home or on-the-go. With over 400,000 Bethpage members, we offer a variety of ways to bank in order to make it easy and convenient for everyone. Here is a sample of where you can do some of our most common transactions: View Chart

Pay your loans online.

Did you know that you can make all of your Bethpage loan payments online? Car, home, or personal, we have options to make sure you stay up-to-date with all of your loan payments.

Set up automatic payments.

Never miss a payment by setting up recurring monthly transfers through Digital Banking. Just log in and choose Schedule Transfer to get started.

Make a one-time payment.

Need to make a quick payment? We have you covered. Just log into Digital Banking and select Transfer Funds.



Get started at lovebethpage.com.

[1] No purchase or payment necessary to enter or win. A purchase will not increase your chances of winning. Void where prohibited by law or regulation. Participants must be 18 years of age or older at the time of entry. A participant may be under 18 years of age at the time of entry if a parent or legal guardian submits and entry on his/her behalf. The Bethpage Federal Credit Union 2021 Youth/Young Adult Account Summer Sweepstakes (“Sweepstakes”) is geographically open to legal U.S. residents (excluding residents of Puerto Rico, U.S. Virgin Islands, Guam and other United States territories). The Sweepstakes begins on Monday, July 12, 2021 at 12:00 AM Eastern Time (“ET”) and ends on Monday, September 6, 2021 at 11:59 PM ET (“Entry Period”). Odds of winning a prize depend on the number of valid entries submitted during the Entry Period. A total of fifteen (15) gift cards (collectively, the “Prizes”) will be awarded, which consists of the following: five (5) $500 gift cards; five (5) $250 gift cards; and five (5) $100 gift cards. The total approximate retail value of all the Prizes is $4,250. Limit one (1) entry per participant. For official Sweepstakes rules and how to enter, visit lovebethpage.com/rules. Federal, state and local taxes and expenses relating to the acceptance and use of the prize are the sole responsibility of each winner. 1099 Tax forms may be provided to the winners at the end of the tax year, when forms are available.

[2] Youth Savings accounts – ages 17 and under. Young Adult Savings accounts – ages 18-20. At the age of 18, Youth Savings accounts are automatically converted to Young Adult Savings accounts. At the age of 21, Young Adult Savings accounts are automatically converted to Savings accounts.

[3] Annual Percentage Yield (APY) is effective as of 08/04/2021 and is subject to change, including after account opening, without notice. Balances $5.00 to $1,000.00 will earn 2.00% APY. Balances $1,000.01 to $10,000.00 will earn 2.00% to 0.51% APY range. $10,000.00 balance is an illustrative example for APY computation purposes only. There is no maximum balance for Youth Savings and Young Adult Savings accounts. $5.00 minimum daily balance is required to earn APY. Certain restrictions may apply.

Federally Insured by NCUA

[4] Within the United States, excludes Texas.

[5] Free rate lock is valid for sixty (60) days. A complete application is required in order to request a rate lock.

NMLS ID 449104