Bridgeway Credit Union Review: Southern Institution, Free Checking

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Total credit score union score

How Bridgeway Credit score Union financial institution accounts examine

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Professionals and cons

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Savings Account

Bridgeway Credit score Union Bridgeway Financial savings Account


Annual Proportion Yield (APY)

As much as 0.10% APY


Minimal Deposit Quantity

$5

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Savings Account

Bridgeway Credit score Union Bridgeway Financial savings Account


Annual Proportion Yield (APY)

As much as 0.10% APY


Minimal Deposit Quantity

$5

On Bridgeway Credit score Union’s web site


Annual Proportion Yield (APY)

As much as 0.10% APY


Minimal Deposit Quantity

$5

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To turn out to be a member of Bridgeway Credit score Union, you have to open the Bridgeway Credit score Union Bridgeway Financial savings Account with no less than $5. The financial savings account has a low rate of interest, although, so that you would possibly wish to contemplate different establishments should you prioritize incomes a excessive price.

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Checking Account

Bridgeway Credit score Union Bridgeway Checking Account


Annual Proportion Yield (APY)

As much as 0.25% APY


Minimal Deposit Quantity

$0

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Checking Account

Bridgeway Credit score Union Bridgeway Checking Account


Annual Proportion Yield (APY)

As much as 0.25% APY


Minimal Deposit Quantity

$0

On Bridgeway Credit score Union’s web site


Annual Proportion Yield (APY)

As much as 0.25% APY


Minimal Deposit Quantity

$0

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The Bridgeway Credit score Union Bridgeway Checking Account is likely one of the financial institution’s strongest merchandise. It has free overdraft safety and fees zero month-to-month service charges.

This account additionally stands out as a result of you can earn 0.25% APY so long as you’ve got no less than $100 in your account day by day.

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Money Market Account

Bridgeway Credit score Union Bridgeway Cash Market Account


Annual Proportion Yield (APY)

0.30% to 0.50% APY


Minimal Deposit Quantity

$2,500

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Money Market Account

Bridgeway Credit score Union Bridgeway Cash Market Account


Annual Proportion Yield (APY)

0.30% to 0.50% APY


Minimal Deposit Quantity

$2,500

On Bridgeway Credit score Union’s web site


Annual Proportion Yield (APY)

0.30% to 0.50% APY


Minimal Deposit Quantity

$2,500

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The Bridgeway Credit score Union Bridgeway Cash Market Account has a tiered rate of interest, which implies the speed you may earn will rely upon how a lot cash you’ve got in your account. You will want no less than $2,500 to open a cash market account at Bridgeway Credit score Union, which is a bit steep in comparison with different brick-and-mortar monetary establishments. 

You also needs to be aware of the account’s $25 month-to-month service payment. A minimal of $2,500 must be saved in your account to keep away from this payment.

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Savings Certificates

Bridgeway Credit score Union Bridgeway Financial savings Certificates


Annual Proportion Yield (APY)

0.40% to 0.65% APY


Minimal Deposit Quantity

$500

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Savings Certificates

Bridgeway Credit score Union Bridgeway Financial savings Certificates


Annual Proportion Yield (APY)

0.40% to 0.65% APY


Minimal Deposit Quantity

$500

On Bridgeway Credit score Union’s web site


Annual Proportion Yield (APY)

0.40% to 0.65% APY


Minimal Deposit Quantity

$500

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You would possibly like Bridgeway Credit score Union financial savings certificates should you’re particularly looking for a 6-month, 12-month, or 24-month time period. Bridgeway Credit score Union allows you to open a CD with an preliminary deposit of $500 — most brick-and-mortar monetary establishments usually require no less than $1,000 to open a CD.

How Bridgeway Credit score Union works

Bridgeway Credit score Union is acknowledged as a minority depository establishment (MDI) by the NCUA. The establishment is led by Black People and serves a Black American group.

It has one department in Alabama and three in Georgia. Clients have entry to over 30,000 in-network ATMs.

Chances are you’ll be part of Bridgeway Credit score Union should you or a member of the family work with a Choose Worker Group on this listing, or should you dwell in Russell County, Alabama; Dougherty County, Georgia; or Muscogee County, Georgia. To turn out to be a member, you may have to open a financial savings account with no less than $5. You will additionally should pay a $5 preliminary membership payment.

To contact buyer assist, name your nearest department. Banking hours fluctuate, however usually, all branches are open Monday by way of Thursday from 9 a.m. to five p.m. ET, and Friday from 9 a.m. to five:30 p.m. ET.

The credit score union’s cellular app is rated 4.5 out of 5 stars within the Apple retailer and three.7 out of 5 stars within the Google Play retailer.

Bridgeway Credit score Union is federally insured by the NCUA.  This implies the cash in your checking account might be protected even within the uncommon circumstance {that a} financial institution shuts down.

The function of Black-owned monetary establishments 

Monetary establishments owned or led by Black People typically tackle banking gaps in underserved communities. These establishments are important for Black communities which have been traditionally affected by discriminatory banking practices like redlining.

Should you’ve struggled to open a checking account on account of a unfavourable banking historical past, Bridgeway Credit score Union has a second likelihood checking account known as One other Probability Checking. 

Bridgeway Credit score Union trustworthiness and BBB score

We normally embody scores from the Higher Enterprise Bureau, which charges companies on clear enterprise practices and customer support points. Nonetheless, Bridgeway Credit score Union hasn’t been rated but by the BBB. 

A excessive BBB score will not essentially assure a clean relationship with a specific firm. Should you prefer to see if Bridgeway Credit score Union is an efficient match, discuss to present clients or learn on-line buyer critiques. 

On the brilliant facet, Bridgeway Credit score Union hasn’t been concerned in any latest public controversies.

Bridgeway Credit score Union vs. Credit score Union of Atlanta

Bridgeway Credit score Union and the Credit score Union of Atlanta are each acknowledged as MDIs by the NCUA.

Deciding between these two establishments might finally rely upon the place you reside. Bridgeway Credit score Union has one department in Phenix Metropolis, Alabama, and three branches in choose counties in Georgia. The Credit score Union of Atlanta has two branches in Atlanta, Georgia, and it is a part of the CO-OP Shared Community, which offers entry to over 5,000 shared branches all through the US. 

You will additionally wish to contemplate which financial institution accounts you’d prefer to open.

Credit score Union of Atlanta will doubtless be a greater choice for CDs. It provides aggressive rates of interest on long-term CDs and has extra time period choices to select from.

In the meantime, Bridgeway Credit score Union makes it simpler to keep away from typical financial institution charges on a checking account.

Bridgeway Credit score Union vs. Synovus Financial institution

Should you’re seeking to open a financial savings account or cash market account, you would possibly lean extra towards Bridgeway Credit score Union. Bridgeway Credit score Union provides extra aggressive rates of interest on these accounts than Synovus Financial institution. 

Synovus Financial institution is a regional financial institution with areas in Alabama, Georgia, Florida, South Carolina, and Tennessee. Should you do not qualify for membership with Bridgeway Credit score Union, Synovus Financial institution could possibly be a sensible choice.

Synovus Financial institution’s strongest financial institution product is its Synovus Free Checking Account. With the account, you would get Synovus Plus options — like greater rates of interest on financial savings accounts or an computerized out-of-network payment refund every month. To be eligible for Synovus Plus, you may have to have a minimal month-to-month deposit of $5,000 in your checking account or a steadiness of no less than $25,000 throughout all of your Synovus accounts.

Incessantly requested questions

Bridgeway Credit score Union has branches within the following cities: 

  • Phenix Metropolis, Alabama
  • Albany, Georgia
  • Leesburg, Georgia
  • Columbus, Georgia

Sure. Bridgeway Credit score Union is federally insured. As much as $250,000 is safe in particular person financial institution accounts, and $500,000 is safe in joint financial institution accounts.