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P.O. Box 392
West Point, VA 23181

Baylands Credit Union is headquartered in WEST POINT and is the 54th largest credit union in the state of Virginia. It is also the 1,827th largest credit union in the nation. It was established in 1946 and as of March of 2014, it had grown to 31 employees and 5,598 members. Baylands Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Essex County, Middlesex County, Mathews County, Gloucester County, King & Queen County, King William County, New Kent County or James City. - See Details

Reviews (2)

Not A Good Bank

The people here are unfriendly and very rude. They take forever to get back to you as well. I am taking my money elsewhere.

Dont Use This Bank

My husband and I have been at this bank for 10 years and no late payments or anything we asked for a lil time to pay our loan to give us a chance to catch up after my hubsband switched jobs we were saving up so this wouldnt be a problem but he got call to switch 3 months early. we wen for 7 weeks with no pay. the people at this bank have mosly been rude. my husband had to get a paper saying how much he was going to be making after he got through training pay just to give us a month to catch up and they would only do it one loan. the woman that does the land loans was very nice and wanted to help But the higher up is fresh out of college and only cares about their bonus. this used to be a good bank a few years ago but not any more.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Baylands Credit Union has a relatively low asset base.

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 Baylands Credit Union had $814,000 in non-current loans and owned real-estate with $6.03 million in equity and loan loss allowances on hand to cover it. This gives Baylands Credit Union a Texas Ratio of 13.51% 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 Baylands Credit Union decreased dramatically from 22.53% as of March 31, 2013 to 13.51% as of March 31, 2014, resulting in a positive change of 40.05%.This indicates that the balance sheet and financial strength for Baylands Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Baylands Credit Union has decreased its total deposits by $-148,000, resulting in -0.21% 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 Baylands 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. Baylands Credit Union has $75.23 million in assets with $6.03 million in equity, resulting in a capitalization level of 8.01%, which is average.

Institution Statistics

NCUA #5267
Year Chartered1946
Primary Regulator
Assets and Liabilities
Assets$75.23 million
Loans$41.40 million
Deposits$69.15 million
Equity Capital$5.58 million
Loan Loss Allowance$445,000
Unbacked Noncurrent Loans$546,000
Real Estate Owned$268,000
Historic Data - March 2013
Assets$75.06 million
Equity Capital$5.21 million
Loan Loss Allowance$520,000
Unbacked Noncurrent Loans$546,000
Real Estate Owned$227,000
Profit Margin - Quarterly
Net Interest Margin1.29%
Return on Assets0.21%
Return on Equity2.87%
Interest Income$670,000
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Baylands Credit Union Savings Account Rates

0.25%$50k-Share Investment Accounts
0.25%$50k-Business Share Investment Account
0.20%--IRA Account
0.15%$500-Share Savings Account
0.15%--Christmas Club Account

Baylands Credit Union Checking Account Rates

1.26%-$15kGrow Green Checking Account - Qualifying
0.35%$250k-Business Checking Account
0.05%--Grow Green Checking Account - Non Qualifying

Baylands Credit Union CD Rates

1.21%$500-60 Month Share Certificate
1.21%$500-Business 60 Month Share Certificate
0.55%$500-48 Month Share Certificate
0.55%$500-Business 48 Month Share Certificate
0.50%$500-36 Month Share Certificate
0.50%$500-Business 36 Month Share Certificate
0.35%$500-24 Month Share Certificate
0.35%$500-Business 24 Month Share Certificate
0.25%$500-12 Month Share Certificate
0.25%$500-Business 12 Month Share Certificate

Baylands Credit Union IRA Rates

1.21%$500-60 Month IRA Certificate
0.55%$500-48 Month IRA Certificate
0.50%$500-36 Month IRA Certificate
0.35%$500-24 Month IRA Certificate
0.25%$500-12 Month IRA Certificate

Baylands Credit Union Locations
Branch Office2004 MAIN STREETWEST POINT, VA 23181
Branch Office7031 Richmond RdWilliamsburg, VA 231887214