Let $X_{1,1},X_{1,2},X_{2,1},X_{2,2}$ be identically distributed r.v.s with distribution $\sim Be(p)$ and equally par-wise correlated, with pair-wise Pearson correlation coefficient $\rho$, e.g. $Corr[X_{1,1},X_{1,2}]=\rho$, $Corr[X_{1,1},X_{2,1}]=\rho$ and so on. We define $Y_1 = X_{1,1}\cup X_{1,2}$ and $Y_2 = X_{2,1}\cup X_{2,2}$, meaning that $Y_{1}=0$ if and only if $X_{1,1}=0,X_{1,2}=0$ and $Y_1=1$ otherwise. It follows that $Y_1$ and $Y_2$ are also Bernoulli distributed with probability $q$; and $q$ can be computed according to the discussion here, resulting in $q=\rho \cdot p (1-p)+p^2+2p(1-p)(1-\rho)$.
The question is how to calculate the correlation coefficient $\rho'$ between $Y_1$ and $Y_2$ as a function of $p$ and $\rho$.
Note: I estimate it using simulations, leading to $\rho'$ being somewhat larger than $\rho$, but I have not been able to find an analytical answer to this.