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17612 Energy Rd
Proctor, WV 26055

Bayer Heritage Federal Credit Union is headquartered in Proctor and is the 2nd largest credit union in the state of West Virginia. It is also the 614st largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 111 employees and 33,019 members. Bayer Heritage Federal Credit Union's savings rates are 44% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

In addition to employees of the Bayer Corporation that are specifically named in the BHFCU Charter, membership is open to persons who live, work, worship or attend school in the West Virginia counties of either Wetzel or Tyler, or in Monroe County, Ohio. Also included are specific areas in the following counties: Marshall, West Virgina; Belmont, Ohio; Licking, Ohio; Berkley, South Carolina; and Charleston, South Carolina. Membership requires a minimum $5 deposit into the share savings account. Bayer Heritage Federal Credit Union branches are located in several towns of northeast West Virginia, in Pittsburgh, Pennsylvania, in Bushy Park, South Carolina, and in Baytown, Texas. - See Details

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Reviews (1)

Terrible Customer Service

I have been with this credit union for 5 years, every year has gotten worse with them. Customer service is terrible, the tellers and employees are rude and seem out of the loop on knowledge. The New Martinsville branch has been the worst so far. Will be switching banks within the next few months due to the way this place is run.


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 Bayer Heritage Federal Credit Union had $4.9 million in non-current loans and owned real-estate with $37.26 million in equity and loan loss allowances on hand to cover it. This gives Bayer Heritage Federal Credit Union a Texas Ratio of 13.15% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bayer Heritage Federal Credit Union increased slightly from 6.69% as of March 31, 2013 to 13.15% as of March 31, 2014, resulting in a negative change of 96.48%. This indicates that the balance sheet and financial strength for Bayer Heritage Federal Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Bayer Heritage Federal Credit Union has increased its total deposits by $33.5 million, resulting in 11.75% 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 Bayer Heritage Federal Credit Union has shown is excellent.



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. Bayer Heritage Federal Credit Union has $354.59 million in assets with $37.26 million in equity, resulting in a capitalization level of 10.51%, which is above average.

Institution Statistics

NCUA #11836
Year Chartered1957
Primary Regulator
Assets and Liabilities
Assets$354.59 million
Loans$266.82 million
Deposits$318.66 million
Equity Capital$34.97 million
Loan Loss Allowance$2.30 million
Unbacked Noncurrent Loans$4.75 million
Real Estate Owned$147,000
Historic Data - March 2013
Assets$316.54 million
Equity Capital$30.50 million
Loan Loss Allowance$991,000
Unbacked Noncurrent Loans$4.75 million
Real Estate Owned$88,000
Profit Margin - Quarterly
Return on Assets1.16%
Return on Equity11.71%
Interest Income$3.72 million
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Bayer Heritage Federal Credit Union Savings Account Rates

0.75%--Traditional IRA Savings
0.75%--Roth IRA Savings
0.75%--Coverdell Education Savings
0.25%--Christmas Club
0.15%--Vacation Club

Bayer Heritage Federal Credit Union Checking Account Rates


Bayer Heritage Federal Credit Union CD Rates

2.40%$500-60 Month Share Certificate
2.15%$500-48 - 59 Month Share Certificate
1.38%$500-36 - 47 Month Share Certificate
0.88%$500-24 - 35 Month Share Certificate
0.63%$500-12 - 23 Month Share Certificate
0.25%$500-3 - 5 Month Share Certificate
0.25%$500-6 - 11 Month Share Certificate

Bayer Heritage Federal Credit Union IRA Rates

2.40%$500-60 Month IRA Certificate
2.15%$500-48 - 59 Month IRA Certificate
1.38%$500-36 - 47 Month IRA Certificate
0.88%$500-24 - 35 Month IRA Certificate
0.63%$500-12 - 23 Month IRA Certificate
0.25%$500-3 - 5 Month IRA Certificate
0.25%$500-6 - 11 Month IRA Certificate

Bayer Heritage Federal Credit Union Locations
Branch Office1917 Ridge AveZanesville, OH 43701-4146
Branch Office309 N Goose Creek BlvdGoose Creek, SC 29445
Branch Office309 N Goose Creek BlvdGoose Creek, SC 29445-2969
Branch Office111 Parkwest DrPittsburgh, PA 15275-1112
Branch Office100 Bayer Rd # B-6Pittsburgh, PA 15205-9707
Branch Office178 N State Route 2New Martinsville, WV 26155
Branch Office5550 Winchester Ave Suite 9Martinsburg, WV 25405
Branch Office17612 Energy RdProctor, WV 26055
Branch Office8500 W Bay Rd # 32Baytown, TX 77523-8727
Branch Office411 Lafayette AveMoundsville, WV 26041