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News Now

CU System
Bethpage UFCW Local 342 FCUs announce merger
BETHPAGE, N.Y. (7/18/12)--Bethpage FCU, the largest credit union in New York, announced that the National Credit Union Administration (NCUA) has approved its merger with UFCW Local 342 FCU, Mineola, N.Y., which was effective July 1.

UFCW Local 342 FCU is a union-based credit union with $5.6 million in assets and one branch location serving 2,071 members. Its branch will close when the merger is complete, and members will be directed to the Bethpage Mineola branch or to any of its 25 other branches.

"This merger will allow former UFCW Local 342 FCU members to enjoy greatly expanded convenience, value and financial services as members of the largest credit union in New York and Long Island," said Linda Armyn, senior vice president at Bethpage.  Calling the merger "an ideal fit," Armyn noted that UFCW Local "was seeking the best solution for its members to continue to offer the extraordinary value and services of a credit union, backed by the financial standing and support of Bethpage."

Bethpage, which has more than $4.5 billion in assets, will offer 425 surcharge-free ATMs, and  full services, including commercial, residential and auto loans; home financing; title services; Individual Retirement Accounts and other savings accounts; and free checking.

Members can also obtain property and casualty insurance; homeowners and auto insurance; life, long-term care and disability insurance, and investment services through Bethpage Investment Strategies. They also will gain access to mobile and online banking and Bethpage's Shared Branching/Banking services.


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