Bethpage Federal Credit Union has acquired Bethpage.com from Long Island domainer Frank Morrone for $25,000.
Bethpage is located on Long Island, New York and as of the 2010 census there were 16,429 people living in Bethpage. Bethpage was also the home of the Grumman plant that produced the Apollo Lunar Modules. Bethpage State Park offers five golf courses to choose from. One of them, the Black Course, was the site of the U.S. Open in 2002 and 2009.
Morrone has owned Bethpage.com since May 2000 and operated it as a local directory for Bethpage, NY. Morrone also owns 11747.com, which is the zip code for Bethpage, NY.
Bethpage Federal Credit Union is the largest credit union on Long Island with over 300,256 members and $6.8 billion in assets. As of September 2016, Bethpage is also ranked #1 in asset size for New York State and is listed in the Top 20 in the nation.
Prior the acquisition, Bethpage Federal Credit Union used the domain name BethpageFCU.com.
According to Morrone, who discussed terms of the transaction with me last week at our Long Island Domainers meetup, he received an offer via Web.com for Bethpage.com and countered. Morrone’s counter-offer was accepted…payment was made and that was it.
The Estibot domain name appraisal for Bethpage.com is $27,000 and considering it was sold for $25,000 this transaction was hopefully considered a win-win for both Morrone and Bethpage Federal Credit Union.