Baylands Credit Union is headquartered in WEST POINT and is the 51st largest credit union in the state of Virginia. It is also the 1,794th largest credit union in the nation. It was established in 1946 and as of September of 2013, it had grown to 32 employees and 5,784 members. Baylands Credit Union has a C- health rating.
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
The people here are unfriendly and very rude. They take forever to get back to you as well. I am taking my money elsewhere.
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.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Baylands Credit Union had $1.75 million in non-current loans and owned real-estate with $5.68 million in equity and loan loss allowances on hand to cover it. This gives Baylands Credit Union a Texas Ratio of 30.82% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Baylands Credit Union increased slightly from 18.54% as of September 30, 2012 to 30.82% as of September 30, 2013, resulting in a negative change of 66.21%. This indicates that the balance sheet and financial strength for Baylands Credit Union has declined slightly in recent periods.
In the past year, Baylands Credit Union has decreased its total deposits by $-922,000, resulting in -1.31% 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 $74.99 million in assets with $5.68 million in equity, resulting in a capitalization level of 7.58%, which is below average.
|Assets and Liabilities|
|Equity Capital||$5.17 million|
|Loan Loss Allowance||$513,000|
|Unbacked Noncurrent Loans||$1.38 million|
|Real Estate Owned||$367,000|
|Historic Data - September 2012|
|Equity Capital||$5.16 million|
|Loan Loss Allowance||$518,000|
|Unbacked Noncurrent Loans||$1.38 million|
|Real Estate Owned||$227,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.08%|
|Return on Assets||0.07%|
|Return on Equity||1.06%|
|Interest Income||$2.13 million|
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|0.25%||$50k||-||Share Investment Accounts|
|0.25%||$50k||-||Business Share Investment Account|
|0.15%||$500||-||Share Savings Account|
|0.15%||-||-||Vacation Club Account|
|0.15%||-||-||Christmas Club Account|
|1.41%||-||$15k||Grow Green Checking|
|0.35%||$250k||-||Business Checking Account|
|0.05%||-||-||Grow Green Checking|
|1.41%||$500||-||60 Month Share Certificate|
|1.41%||$500||-||Business 60 Month Share Certificate|
|1.00%||$75k||-||32 Month Jumbo Share Certificate|
|1.00%||$75k||-||Business 32 Month Jumbo Share Certificate|
|0.70%||$500||-||48 Month Share Certificate|
|0.65%||$500||-||36 Month Share Certificate|
|0.65%||$500||-||Business 36 Month Share Certificate|
|0.55%||$500||-||24 Month Share Certificate|
|0.55%||$500||-||Business 24 Month Share Certificate|
|0.35%||$500||-||12 Month Share Certificate|
|0.35%||$500||-||Business 12 Month Share Certificate|
|1.41%||$500||-||60 Month IRA Certificate|
|0.70%||$500||-||48 Month IRA Certificate|
|0.65%||$500||-||36 Month IRA Certificate|
|0.55%||$500||-||24 Month IRA Certificate|
|0.35%||$500||-||12 Month IRA Certificate|
|Baylands Credit Union Locations|
|Branch Office||105 E Walnut St||Goldsboro, NC 27530-3648|
|Branch Office||2004 MAIN STREET||WEST POINT, VA 23181|
|Branch Office||7031 Richmond Rd||Williamsburg, VA 231887214|