October proved to be a strong month for Bethpage Federal CreditUnion's mortgage, auto and consumer loans.

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In the weeks leading up to Bank Transfer Day on Nov. 5, the $4.2 billion Bethpage said more than $100 million was funded for mortgageloans and more than $24 million for consumer, home equity and autoloans.

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The Long Island, N.Y.-based credit union said it also receivedan additional 869 applications for mortgage loans for $241 millionin October, the credit union's highest volume month of the year.Leading the pack were 30-year fixed rate mortgages at 38% followedby 15-year mortgages at 19%.

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As of Oct. 31, Bethpage said its business lending and commercial real estateportfolio grew to $259 million, a 77% increase compared to the sametime last year.

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As previously reported, Bethpage also saw an 95% increase in newmembers for the month of October and the first week of November,leading up to Bank Transfer Day, as compared to the same periodlast year.

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During the credit union's one-week Bank Transfer Day promotion,it opened 1,471 new checking accounts – more than triple the 383accounts that were opened the same week in 2010.

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“People are turning to credit unions not just to make depositsand open checking accounts; they are taking advantage of creditunions' full menu of product categories and services – thisincludes business services as well,” said Kirk Kordeleski, Bethpage president/CEO.

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