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Bridgeway Credit Union is recognized as a minority depository institution by the NCUA because it is led by Black Americans and serves a Black American community.

The bottom line: Bridgeway Credit Union Bridgeway Checking Account could be a good fit if you prefer local banks over national banks and live in specific counties in Alabama or Georgia. You also might like Bridgeway Credit Union if you value banking with a financial institution led by Black Americans.

Overall credit union rating

Feature
Insider rating (out of 5)

Savings
3.5

Checking
4

CD
3

Money market account
3.25

Trustworthiness
3

Total
3.5

Pros and cons

Pros
Cons

Credit union led by Black Americans and serves its respective community

Free interest-earning checking account with a Bridgeway Credit Union Bridgeway Checking Account minimum opening deposit

Free savings account with a low minimum opening deposit

Only available in select counties in Alabama and Georgia
Limited CD terms
Online banks may offer higher interest rates

Bridgeway Credit Union Bridgeway Savings Account

To become a member of Bridgeway Credit Union, you must open the Bridgeway Credit Union Bridgeway Savings Account with at least $5. The savings account has a low interest rate, though, so you might want to consider other institutions if you prioritize earning a high rate.

Bridgeway Credit Union Bridgeway Checking Account

The Bridgeway Credit Union Bridgeway Checking Account is one of the bank’s strongest products. It has free overdraft protection and charges zero monthly service fees.

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This account also stands out because you’ll be able to earn Bridgeway Credit Union Bridgeway Checking Account as long as you have at least $100 in your account daily.

Bridgeway Credit Union Bridgeway Money Market Account

The Bridgeway Credit Union Bridgeway Money Market Account has a tiered interest rate, which means the rate you’ll earn will depend on how much money you have in your account. You’ll need at least Bridgeway Credit Union Bridgeway Money Market Account to open a money market account at Bridgeway Credit Union, which is a bit steep compared to other brick-and-mortar financial institutions. 

You should also be mindful of the account’s $25 monthly service fee. A minimum of $2,500 needs to be kept in your account to avoid this fee.

Bridgeway Credit Union Bridgeway Savings Certificates

You might like Bridgeway Credit Union Bridgeway Savings Certificates if you’re specifically searching for a 6-month, 12-month, or 24-month term. Bridgeway Credit Union lets you open a CD with an initial deposit of Bridgeway Credit Union Bridgeway Savings Certificates — most brick-and-mortar financial institutions generally require at least $1,000 to open a CD.

How Bridgeway Credit Union works

Bridgeway Credit Union is recognized as a minority depository institution (MDI) by the NCUA. The institution is led by Black Americans and serves a Black American community.

It has one branch in Alabama and three in Georgia. Customers have access to over 30,000 in-network ATMs.

You may join Bridgeway Credit …read more

Source:: Business Insider

      

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