Mortgage, Home Equity, Checking, Savings & Certificates (2023)

Minimum Amount: $10,000

Maximum Amount: $1,500,000

[1] ARM loans are variable rate loans, where interest rates and payments may increase after consummation. A 5/1 ARM has an initial fixed interest rate for the first 5 years (7 years for a 7/1 ARM, and 10 years for a 10/1 ARM), then adjusts every year thereafter based on an index, plus a margin. After the initial fixed-rate period, your interest rate can increase or decrease annually according to the market index. Any change may significantly impact your monthly payment.

[2] APR = Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.

[3] Payment Example, Rate, and Payment Assumptions. The Interest Rate, APR, and Estimated Monthly Payment assumes the mortgage is a conforming loan to purchase an existing single-family home used as the borrower's primary residence, a Loan to Value (LTV) ratio of 75% or less, the borrower has excellent credit, a loan amount of $165,000, and a 30-year loan term. The Estimated Monthly Payment reflects the principal and interest payment only, which does not include amounts for taxes, nor insurance (actual payments will be greater).

[1] APR = Annual Percentage Rate.

[2] The introductory APR is fixed for one year (twelve months). After one year, the APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin. To obtain an introductory rate, borrower must meet credit and loan program requirements, including (but not limited to): 1) maximum Combined Loan-to-Value (CLTV) of 75%, 2) borrower must take an initial draw of $25,000 and maintain this balance for 12 months, 3) borrower must have automatic transfers from a Bethpage personal savings or checking account for the monthly HELOC payments, and 4) borrower must not have had a previous introductory rate for a Bethpage HELOC within the past five years. The introductory rate applies to the variable line in use only and is not applicable to any Fixed-Rate Loan Option (see below). Loan amounts over $500,000 are not available for the introductory rate. Closing costs will be paid by Bethpage Federal Credit Union (Bethpage), but must be repaid by the borrower(s) if the HELOC is closed within first 36 months of account opening. Estimated monthly payment shown reflects the interest-only payment during the Draw Period only.

[3] The standard APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable). The minimum floor APR is 3.25%. HELOCs are variable rate products and rates may not exceed the maximum legal limit for Federal credit unions (currently 18%). The Prime Rate as of = 7.00%. Rates shown are based on a borrower’s primary residence, a maximum CLTV of 65%, a minimum initial draw of $25,000 taken at HELOC account opening, and automatic transfers from a Bethpage personal savings or checking account. Closing costs for the first $500,000 will be paid by Bethpage, but must be repaid by the borrower(s) if the HELOC is closed within first 36 months of account opening. For line amounts over $500,000, borrower(s) will be responsible for mortgage tax and title insurance costs on the loan value portion over $500,000. Estimated monthly payment shown reflects the interest-only payment during the Draw Period only.

[4] A Fixed-Rate Loan Option (FRLO) allows you to convert an outstanding variable rate HELOC balance(s) to a fixed rate loan(s), which results in fixed monthly principal and interest payments at a fixed interest rate. Rates shown are based on a borrower’s primary residence, a maximum CLTV of 65%, and automatic transfers from a Bethpage personal savings or checking account. A FRLO is optional and is available at the time of disbursement (account opening), or during the 10-year Draw Period. Borrowers may only have a maximum of three (3) FRLOs open at any one time. The minimum amount for each FRLO is $10,000. The minimum loan term is 5-years, and the maximum term cannot exceed the account maturity date. If you choose to convert any portion of your balance to a FRLO, the APR will be the U.S. Prime Rate as published in the Wall Street Journal that is in effect at the date of conversion, plus a margin. The margin applied will be based on your credit history and CLTV ratio at the time of application and the term selected for the FRLO.

Rates and terms are subject to change without notice. All offers of credit are subject to credit approval requirements and applicants may be offered credit at higher rates and other terms. Loan-to-Value (LTV) and/or Combined LTV (CLTV) restrictions apply. Hazard insurance is required on all loans secured by real property (flood insurance may also be required where applicable). Consult a tax professional regarding the potential deductibility of interest. Bethpage does not currently offer HELOCs in Texas. Membership at Bethpage is required by opening a minimum $5 share savings account at or prior to HELOC account opening.

[1] Fixed rate terms of 60, 72, 84, and 96 = the number of monthly payments based on the payment term selected (e.g., a 60-month term, will have 60 monthly payments).

[2] APR=Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.

[3] Assumptions and Payment Examples.
Assumptions for Borrowers with Established Credit Histories ("Established Borrowers"): the APR and Monthly Payment assumes a new auto(i.e., current model year, or an immediate preceding model year, each having less than 5,000 miles), a Loan to Value (LTV) ratio of 90% orless, and consumers with top tier credit. Payment Example for Established Borrowers: A $1,000 loan amount with a 60-month term at arate of 5.52% = 60 monthly payments of $19.11 per month.*

All loan terms are subject to credit and loan program requirements (applicants may be offered credit at higher rates and other terms). Notall borrowers will qualify for the lowest rates shown, and your rate and payment may differ depending on various factors.To obtain a loan, membership at Bethpage is required by opening a $5.00 savings account at or prior to loan consummation. Rates, loanprograms, terms, and conditions are subject to change without notice. Other restrictions and limitations apply.

*Rates, monthly payments, and examples are estimates and provided as a courtesy only. The minimum loan amount is $3,750.00.However, the minimum loan amount for any new auto with a 96-month term is $20,000.

[1] Fixed rate terms of 60, 72, 84, and 96 = the number of monthly payments based on the payment term selected (e.g., a 60-month term,will have 60 monthly payments). Older model years may have additional term restrictions (e.g., the maximum loan term for model years 8-9years old is 63 months, and the maximum loan term for Classic Auto loans is 60 months).

[2] APR=Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.

[3] Assumptions and Payment Examples.
Assumptions for Borrowers with Established Credit Histories (“Established Borrowers”): the APR and Monthly Payment assumes a preownedauto (i.e., models between 2-9 years old, or current and immediate preceding model years with more than 5,000 miles), a Loan toValue (LTV) ratio of 90% or less, and consumers with top tier credit. Payment Example for Established Borrowers: A $1,000 loan amountwith a 60-month term at a rate of 6.27% = 60 monthly payments of $19.46 per month.*

Assumptions for Classic Auto Loans: the APR and Monthly Payment assumes a classic auto (i.e., vehicles 25-years or older), an LTV ratio of100% or less, and consumers with top tier credit. Payment Example for Classic Auto: A $1,000 loan amount with a 60-month term at a rateof 7.29% = 60 monthly payments of $19.94 per month.*

All loan terms are subject to credit and loan program requirements (applicants may be offered credit at higher rates and other terms). Notall borrowers will qualify for the lowest rates shown, and your rate and payment may differ depending on various factors. To obtain a loan, membership at Bethpage is required by opening a $5.00 savings account at or prior to loan consummation. Rates, loanprograms, terms, and conditions are subject to change without notice. Other restrictions and limitations apply.

*Rates, monthly payments, and examples are estimates and provided as a courtesy only. The minimum loan amount is $3,750.00.

[1] Loan terms of 60, 72, 84 = the number of monthly payments based on the payment term selected (e.g., a 60-month term, will have 60monthly payments). Term restrictions may apply (e.g., the maximum loan term for a Motorcycle Loan is 60 months).

[2] APR=Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate. For fixed rateproducts, the APR remains the same for the duration of the loan. For variable rate products, the APR may change based on changes to theU.S. Prime Rate (see Footnote [4] for additional details).

[3] Assumptions and Payment Examples.
Assumptions for New Recreational Vehicle (RV) Fixed Rate Loans: the APR and Monthly Payment assumes a new RV (i.e., current modelyear boats, mobile/motor homes, trailers, or campers), a Loan to Value (LTV) ratio of 90% or less, and consumers with top tier credit.Payment Example for New RV Fixed Rate Loans: A $1,000 loan amount with a 60-month term at a rate of 7.29% = 60 monthly paymentsof $19.94 per month.*

Assumptions for Pre-owned Recreational Vehicle (RV) Fixed Rate Loans: the APR and Monthly Payment assumes a pre-owned RV (i.e.,model years 2 years or older), an LTV ratio of 90% or less, and consumers with top tier credit. Payment Example for Pre-owned RV FixedRate Loan: A $1,000 loan amount with a 60-month term at a rate of 7.29% = 60 monthly payments of $19.94 per month.*Assumptions for New Recreational Vehicle (RV) Variable Rate Loans: the APR and Monthly Payment assumes a new RV (i.e., current modelyear boats, mobile/motor homes, trailers, or campers), a Loan to Value (LTV) ratio of 90% or less, consumers with top tier credit, and amargin of 1.75 added to the U.S. Prime Rate. Payment Example for New RV Variable Rate Loans: A $1,000 loan amount with a 60-monthterm at an initial variable rate of 5.00% = Monthly payments as low as $14.13 per month. Since this is a variable rate product, the APRand corresponding monthly payment amount may change with any changes to U.S. Prime Rate.*

Assumptions for Pre-owned Recreational Vehicle (RV) Variable Rate Loans: the APR and Monthly Payment assumes a used RV (i.e., modelyear boats, mobile/motor homes, trailers, or campers), a Loan to Value (LTV) ratio of 90% or less, consumers with top tier credit, and amargin of 2.75 added to the U.S. Prime Rate. Payment Example for Pre-owned RV Variable Rate Loans: A $1,000 loan amount with a 60-month term at an initial variable rate of 6.00% = Monthly payments as low as $14.61 per month. Since this is a variable rate product, theAPR and corresponding monthly payment amount may change with any changes to U.S. Prime Rate.*

Assumptions for Motorcycle Loans: the APR and Monthly Payment assumes a new (current model year) or pre-owned motorcycle (modelsbetween 2-7 years old), an LTV ratio of 100% or less, and consumers with top tier credit. Payment Example for Motorcycle Loans: A $1,000loan amount with a 60-month term at a rate of 7.29% = 60 monthly payments of $19.94 per month.*

[4] This is a variable rate product and the APR may change based on the U.S. Prime Rate, plus any applicable margin. The current PrimeRate as published by the Wall Street Journal is %.

All loan terms are subject to credit and loan program requirements (applicants may be offered credit at higher rates and other terms). Notall borrowers will qualify for the lowest rates shown, and your rate and payment may differ depending on various factors.To obtain a loan, membership at Bethpage is required by opening a $5.00 savings account at or prior to loan consummation. Rates, loanprograms, terms, and conditions are subject to change without notice. Other restrictions and limitations apply.

*Rates, monthly payments, and examples are estimates and provided as a courtesy only. The minimum loan amount is $3,750.00.

[1] APR=Annual Percentage Rate. Displayed rate is for a maximum term of 36 months. Terms up to 84 months are available at higher rates. Rate shown assumes a minimum 770 FICO score.

[2] Payment estimates are based on a $1,000, 36-month loan at 8.34%. Click here for additional payment examples.

Rates and terms are subject to credit review and approval requirements. Final rate may be higher depending on creditworthiness. Rates are subject to change without notice. For current rates, please call (800) 628-7070. To obtain a loan product from Bethpage, membership is required by opening a minimum $5.00 share savings account prior to loan closing.

[1] APR=Annual Percentage Rate. This is a variable rate product. This rate is based on Prime plus a margin. 13.45% is the current Prime Rate of 4.75% plus a margin of 5.95% = 13.45%. This rate is available for borrowers with a 770+ FICO score.

Rates and terms are subject to credit review and approval requirements. Final rate may be higher depending on creditworthiness. Rates are subject to change without notice. For current rates, please call (800) 628-7070. To obtain a loan product from Bethpage, membership is required by opening a minimum $5.00 share savings account prior to loan closing.

[1] Annual Percentage Yield (APY) is in effect as of and subject to change.

APY assumes all dividends remain in the certificate until maturity, and a withdrawal will reduce earnings. Fees could also reduce earnings. Penalties may be imposed for early withdrawal. $50 minimum balance to earn APY and to open account. Dividend period and crediting frequency is monthly for all certificates opened digitally. For the 6, 12, 24, 36, and 39 month certificates, opened at a branch, the account owner(s) will select, at account opening a dividend period and a crediting frequency of either monthly or quarterly.

[2] 39-Month Bump Up Certificate - "Bump-Up" Rate Feature. The bump up certificate has a 39-month term and includes an option that allows you to increase or "bump-up" the dividend rate once during the term to the current dividend rate in effect for a 36-month certificate. At the end of the 39-month bump up maturity term, whether or not you elected the bump-up option, your certificate will automatically renew for a term of 36 months at the prevailing rate in effect for a 36- month certificate with no "bump up (increase) feature.

[1] Annual Percentage Yield (APY) is in effect as of and subject to change.

APY assumes all dividends remain in the certificate until maturity, and a withdrawal will reduce earnings. Fees could also reduce earnings. Penalties may be imposed for early withdrawal. $50 minimum balance to earn APY and to open account. Dividend period and crediting frequency is monthly for all certificates opened digitally. For the 6, 12, 24, 36, and 39 month certificates, opened at a branch, the account owner(s) will select, at account opening a dividend period and a crediting frequency of either monthly or quarterly.

[2] 39-Month Bump Up Certificate - "Bump-Up" Rate Feature. The bump up certificate has a 39-month term and includes an option that allows you to increase or "bump-up" the dividend rate once during the term to the current dividend rate in effect for a 36-month certificate. At the end of the 39-month bump up maturity term, whether or not you elected the bump-up option, your certificate will automatically renew for a term of 36 months at the prevailing rate in effect for a 36- month certificate with no "bump up (increase) feature.

[1] Annual Percentage Yield (APY) is in effect as of and subject to change, including after account opening, without notice. Certain restrictions may apply.

* There is no maximum balance limit to earn the APY and the limit of $10,000 is an illustrative example for APY computation purposes only.

Youth Savings Account - ages 17 and under. Young Adult Savings Account - ages 18-20.

For more information on Youth Savings Custodial Uniform Transfers to Minors Act (UTMA) accounts, please visit our NYUTMA page.

Dividends are calculated on a day of deposit to day of withdrawal basis. For crediting frequency and compounding method, refer to the dividend payment column above. Fees or other conditions could affect earnings. APY’s are effective as of 10/29/2019.

[1] Variable rate accounts.
[2] Penalties may be imposed for early withdrawal
[3] Tier bands are based on daily deposited balances.
[4] $20 fee per month. Fee waived with $2,500 or more in Average Daily Balances

APY% = Annual Percentage Yield (APY)%