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3333 Clares St
Capitola, CA 95010-2546

Bay Credit Union is headquartered in Capitola and is the 57th largest credit union in the state of California. It is also the 320th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 176 employees and 55,595 members. Bay Credit Union has a B health rating.

Field of Membership Restrictions

Anyone who lives, works, volunteers, worships or attends school in Santa Cruz, San Benito, and Monterey Counties is eligible to join Bay Federal Credit Union. Once you're a member, your immediate family becomes eligible for membership as well. - See Details

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Reviews (1)

Efficient, Friendly and Safe

Bay Fed is a great credit union that serves the county of Santa Cruz in California. It has no special requirements for membership, other than living in the area. It's a small outfit compared to the national banks, but has ATMs all over, so there's never an ATM fee, and it offers the same loans and accounts as the big banks.

Joining this credit union is a simple matter of opening a savings account with ten bucks. After that, a standard checking account is free with a balance over $1,000, or with electronic transfers, I believe. All accounts are insured, of course. Branches are small and friendly, the kind of places where tellers often remember your name. There's no need to go in the building though; online and telephone banking are cost-free and easy to use.

Bay Fed sends out a newsletter tucked in with the monthly statement. It keeps members in touch with local activities, charities, and good financial ideas. It's just one of the ways our credit union makes sure we feel like members, not just customers.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bay Credit Union had $4.75 million in non-current loans and owned real-estate with $55.47 million in equity and loan loss allowances on hand to cover it. This gives Bay Credit Union a Texas Ratio of 8.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bay Credit Union experienced no significant changes from 8.19% as of March 31, 2013 to 8.57% as of March 31, 2014, resulting in a negative change of 4.53%. This indicates that the balance sheet and financial strength for Bay Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Bay Credit Union has decreased its total deposits by -$7.97 million, resulting in -1.35% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bay Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bay Credit Union has $703.89 million in assets with $55.47 million in equity, resulting in a capitalization level of 7.88%, which is below average.

Institution Statistics

NCUA #12067
Year Chartered1957
Primary Regulator
Assets and Liabilities
Assets$703.89 million
Loans$437.27 million
Deposits$582.51 million
Equity Capital$50.18 million
Loan Loss Allowance$5.29 million
Unbacked Noncurrent Loans$3.29 million
Real Estate Owned$1.46 million
Historic Data - March 2013
Assets$705.52 million
Equity Capital$45.83 million
Loan Loss Allowance$7.26 million
Unbacked Noncurrent Loans$3.29 million
Real Estate Owned$1.37 million
Profit Margin - Quarterly
Net Interest Margin1.23%
Return on Assets0.89%
Return on Equity12.53%
Interest Income$6.15 million

Always verify rates and promotions with the bank or credit union. We are not Bay Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Bay Credit Union Savings Account Rates

0.02%$25k-Titanium Savings Account
0.02%$25k-Business Titanium Savings Account
0.01%$100-Savings Account
0.01%$100-IRA Savings
0.01%$100-Roth IRA Savings
0.01%$100-CESA Savings
0.01%$100-SEP IRA Savings
0.01%--Business Savings Account

Bay Credit Union Money Market Rates

0.02%$25k-Money Market Account
0.02%$25k-Business Money Market Account

Bay Credit Union Checking Account Rates

0.01%$2,500-Interest Checking
0.01%$2,500-Business CheckingPLUS

Bay Credit Union CD Rates

1.26%$1k-5 Year CD
1.26%$1k-Business 5 Year CD
1.01%$1k-4 Year CD
1.01%$1k-Business 4 Year CD
0.75%$1k-3 Year CD
0.75%$1k-Business 3 Year CD
0.30%$1k-2 Year CD
0.30%$1k-Business 2 Year CD
0.20%$1k-18 Month CD
0.20%$1k-Business 18 Month CD
0.15%$1k-1 Year CD
0.15%$1k-Business 1 Year CD
0.08%$1k-6 Month CD
0.08%$1k-Business 6 Month CD
0.05%$1k-2 Month CD
0.05%$1k-3 Month CD
0.05%$1k-Business 2 Month CD
0.05%$1k-Business 3 Month CD

Bay Credit Union IRA Rates

1.26%$1k-5 Year IRA
1.01%$1k-4 Year IRA
0.75%$1k-3 Year IRA
0.30%$1k-2 Year IRA
0.20%$1k-18 Month IRA
0.15%$1k-1 Year IRA
0.08%$1k-6 Month IRA
0.05%$1k-2 Month IRA
0.05%$1k-3 Month IRA

Bay Credit Union Locations
Branch Office255 Mount Hermon Rd Ste CScotts Valley, CA 95066-4080
Branch Office105 Post Office Dr Ste AAptos, CA 95003-3953
Branch Office9440 Mill StBen Lomond, CA 95005-9301
Branch Office2028 Freedom BlvdFreedom, CA 95019-2835
Branch Office420 River St Ste CSanta Cruz, CA 95060-2671
Branch Office1481 Main StWatsonville, CA 95076-3759
Branch Office3333 Clares StCapitola, CA 95010-2546