Bridgeway Credit Union Review: Southern Institution, Free Checking

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General credit score union ranking

How Bridgeway Credit score Union financial institution accounts examine

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Execs and cons

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Savings Account

Bridgeway Credit score Union Bridgeway Financial savings Account


Annual Share 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 Share Yield (APY)

As much as 0.10% APY


Minimal Deposit Quantity

$5

On Bridgeway Credit score Union’s web site


Annual Share Yield (APY)

As much as 0.10% APY


Minimal Deposit Quantity

$5

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To change into a member of Bridgeway Credit score Union, you need to open the Bridgeway Credit score Union Bridgeway Financial savings Account with at the very least $5. The financial savings account has a low rate of interest, although, so that you may wish to think about different establishments if you happen to prioritize incomes a excessive fee.

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Checking Account

Bridgeway Credit score Union Bridgeway Checking Account


Annual Share 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 Share Yield (APY)

As much as 0.25% APY


Minimal Deposit Quantity

$0

On Bridgeway Credit score Union’s web site


Annual Share 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 without doubt one of the financial institution’s strongest merchandise. It has free overdraft safety and prices zero month-to-month service charges.

This account additionally stands out as a result of you’ll earn 0.25% APY so long as you’ve at the very least $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 Share 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 Share Yield (APY)

0.30% to 0.50% APY


Minimal Deposit Quantity

$2,500

On Bridgeway Credit score Union’s web site


Annual Share 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 will earn will rely on how a lot cash you’ve in your account. You may want at the very least $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 conscious of the account’s $25 month-to-month service price. A minimal of $2,500 must be stored in your account to keep away from this price.

Bridgeway Credit Union Bridgeway Credit Union Bridgeway Savings Certificates

Bridgeway Credit score Union Bridgeway Financial savings Certificates


Annual Share 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 Share Yield (APY)

0.40% to 0.65% APY


Minimal Deposit Quantity

$500

On Bridgeway Credit score Union’s web site


Annual Share Yield (APY)

0.40% to 0.65% APY


Minimal Deposit Quantity

$500

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You may like Bridgeway Credit score Union financial savings certificates if you happen to’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 at the very least $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.

It’s possible you’ll be part of Bridgeway Credit score Union if you happen to or a member of the family work with a Choose Worker Group on this listing, or if you happen to dwell in Russell County, Alabama; Dougherty County, Georgia; or Muscogee County, Georgia. To change into a member, you will have to open a financial savings account with at the very least $5. You may additionally must pay a $5 preliminary membership price.

To contact buyer assist, name your nearest department. Banking hours fluctuate, however usually, all branches are open Monday by means 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 can 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 usually deal with banking gaps in underserved communities. These establishments are important for Black communities which have been traditionally affected by discriminatory banking practices like redlining.

When you’ve struggled to open a checking account because of a destructive banking historical past, Bridgeway Credit score Union has a second probability checking account known as One other Probability Checking. 

Bridgeway Credit score Union trustworthiness and BBB ranking

We often embrace rankings 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 ranking will not essentially assure a clean relationship with a specific firm. When you wish to see if Bridgeway Credit score Union is an effective match, discuss to present clients or learn on-line buyer opinions. 

On the intense aspect, Bridgeway Credit score Union hasn’t been concerned in any current 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 could in the end rely on 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 may additionally wish to think about which financial institution accounts you’d wish to open.

Credit score Union of Atlanta will seemingly be a greater choice for CDs. It presents 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

When you’re trying to open a financial savings account or cash market account, you may lean extra towards Bridgeway Credit score Union. Bridgeway Credit score Union presents extra aggressive rates of interest on these accounts than Synovus Financial institution. 

Synovus Financial institution is a regional financial institution with places in Alabama, Georgia, Florida, South Carolina, and Tennessee. When you do not qualify for membership with Bridgeway Credit score Union, Synovus Financial institution could possibly be a good selection.

Synovus Financial institution’s strongest financial institution product is its Synovus Free Checking Account. With the account, you can get Synovus Plus options — like increased rates of interest on financial savings accounts or an automated out-of-network price refund every month. To be eligible for Synovus Plus, you will have to have a minimal month-to-month deposit of $5,000 in your checking account or a stability of at the very least $25,000 throughout all of your Synovus accounts.

Ceaselessly 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.