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Products & Services
Savings
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Loans
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Home Banking
SAVINGS
Regular Savings
Your Regular Savings account earns competitive dividends with a minimum
balance of only $100.00. Dividends are based on the average daily balance
in your account. Withdrawals can be made in person, by phone, or with Home
Banking.
Automatic Savings
Your Automatic Savings account earns competitive dividends with NO
minimum balance. Direct Deposit or Payroll Deduction or Voucher Deduction
is required for this account. Withdrawals can be made with a Bay Ridge ATM
or Debit Card, or with Home Banking.
Money Market Account
The Money Market account earns a higher return and gives you complete liquidity
and instant access to your funds. The minimum balance to open is $2,000.
Balances over $2,000 receive dividends higher than market average; and balances
over $20,000 receive an even higher Bonus dividend rate. Withdrawals can be made
by writing a check, by phone, in person, or with Home Banking.
Certificate of Deposit
High yielding Certificates are available for a minimum of $500. Terms range
from 6 months to 60 months and earn a higher than market rate. Balances over
$20,000 receive an even higher Bonus rate.
Individual Retirement Account
Increase the value of your income and protect your future with an IRA. You can
choose from the Regular, Roth, or Educational. IRA Money
Market Accounts and IRA Certificates earn Bonus dividend rates with no minimum.
Checking
Our Personal Checking account has NO monthly fee, NO per check fee, and NO
minimum balance. Write all the checks you want, and use your Bay Ridge ATM
or Debit Card with NO transaction charges.
LOANS
Personal Loans
You can borrow from $1,000 up to $25,000 for education, vacation, furniture,
to help your family, to improve your house or apartment, etc. You can also
borrow to expand or improve a business or store, buy merchandise, etc.
Home Mortgages
We offer mortgages on 1-4 family homes,Condos and Co-ops. Purchase or Refinance.
Low rates, reasonable expenses, NO prepayment penalties, and NO broker fees.
Home Equity Line of Credit
You can draw against a pre-approved credit line whenever you choose. Interest
only payments are available. Interest may be tax deductible. Low rates, reasonable
expenses, NO prepayment penalties, and NO broker fees. Ask about our No Closing
Costs Option!
Commercial Mortgages
Purchase or refinance first mortgages on commercial properties, mixed use properties,
and gas stations. Lines of credit also available. Low rates, reasonable expenses, NO
prepayment penalties, and NO broker fees.
Taxi Loans
We finance NYC Taxi Medallions at the lowest rates in town. No points, no legal fees,
no prepayment penalties. Purchase or Refinance.
Black Car Loans
Financing is available for members of select Limousine Radio Groups. Finance
your radio purchase, replace your car, or take cash out of a paid-off radio.
New Car and Used Car Loans
Auto's for personal use. Our low rates and longer terms will make your
next car affordable. We offer an Extended Warranty program at much lower
cost than car dealers charge.
Visa Credit Card
Wow! Our VISA Card has a low 9.9% Annual Percentage Rate!
Savings Secured Loans
Borrow against savings on deposit with us at low, low rates, and convenient terms.
HOME BANKING
Bay Ridge Credit Union is proud to offer Home Banking service, with NO fees. From the
ease of your home you will be able to do account inquiries, transfers between accounts,
loan payments, transaction history, verification of cleared checks, and withdrawals
(a check is mailed to you). This service is available 24/7. The first time you do your
banking from home in your pajamas you'll love the convenience!
Your account is updated as soon as you complete a transaction. Home Banking will also
allow you to download your accounts to either Quicken or Microsoft Money. All that is
required is a browser such as Netscape Navigator or Internet Explorer v. 4.0, and a
confidential PIN number. Just call us to request a PIN, and use Home Banking
immediately.
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