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11820 Fountain Way Suite 400
Newport News, VA 23606

Bayport Credit Union is headquartered in Newport News and is the 9th largest credit union in the state of Virginia. It is also the 143rd largest credit union in the nation. It was established in 1928 and as of March of 2014, it had grown to 337 employees and 106,920 members. Bayport Credit Union's savings rates are 10X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in the Cities of: Chesapeake, Poqouson, Franklin, Portsmouth, Hampton, Suffolk, Newport News, Virginia Beach, Norfolk or Williamsburg. Also open to those who live, work or worship in Gloucester, Southampton, Isle of Wight, Surry, James City or York County. - See Details

Reviews (2)

Love Them!

They TRULY have your best interest in mind.

I've done a lot of research before choosing this credit union. It is the best credit union for the hampton roads area. Fee free ATM's are all over the place, they're more frequent than any other bank ATM. It offers very nice online banking features and mobile banking features as well as many other completely free services. Fees are far less than banks (they would be lower but our government has made laws to prevent them to, otherwise banks couldn't compete).

They have free rewards programs and often have givaways to members (currently 2 contests, $10,000 and a $1,000 to random bayport members who use their debit card / online services)

Bottom line: You will save money if you bank with them, and if you're lucky maybe even get a little rich. They are very helpful and are extremely prompt and quick to responding to any question or loan request. They have tools and are very helpful with managing your budget and money if you need the help.

I'll be staying with them as long as possible.

I was previously with a larger bank who stabbed me with ridiculous fees (I found 4 faulty overdraft fees over a span of 3 months, which were later fixed after 22 days and hours worth of customer service) not to mention limited benefits from banking with them. It seems almost obvious that the 4 fault overdraft fees were not mistakes, and right then I decided I wasn't going to bank with them any longer. Bayport outdoes them by a long shot.

Fantastic Credit Union

They have a mobile app, you can use any credit union ATM for free, and those ATM's are everywhere. Online banking is easy. They constantly have some sort of giveaway contest, fast response via phone or web chat support. Great all around, no complaints at all.


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 Bayport Credit Union had $5.18 million in non-current loans and owned real-estate with $170.54 million in equity and loan loss allowances on hand to cover it. This gives Bayport Credit Union a Texas Ratio of 3.04% 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 Bayport Credit Union decreased dramatically from 4.51% as of March 31, 2013 to 3.04% as of March 31, 2014, resulting in a positive change of 32.65%.This indicates that the balance sheet and financial strength for Bayport Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Bayport Credit Union has increased its total deposits by $35.76 million, resulting in 3.19% 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 Bayport 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. Bayport Credit Union has $1.36 billion in assets with $170.54 million in equity, resulting in a capitalization level of 12.55%, which is excellent.

Institution Statistics

NCUA #61330
Year Chartered1928
Primary Regulator
Assets and Liabilities
Assets$1.36 billion
Loans$853.32 million
Deposits$1.16 billion
Equity Capital$163.11 million
Loan Loss Allowance$7.43 million
Unbacked Noncurrent Loans$4.16 million
Real Estate Owned$1.03 million
Historic Data - March 2013
Assets$1.33 billion
Equity Capital$152.32 million
Loan Loss Allowance$7.33 million
Unbacked Noncurrent Loans$4.16 million
Real Estate Owned$723,000
Profit Margin - Quarterly
Net Interest Margin1.08%
Return on Assets0.59%
Return on Equity4.88%
Interest Income$12.16 million

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

Bayport Credit Union Savings Account Rates

5.00%-$500Fast Start Savings
0.30%$100-IRA Savings
0.25%$2k-Vacation Club Accounts
0.25%$2k-Christmas Club Accounts

Bayport Credit Union Money Market Rates

0.50%$100k-Pinnacle Money Market
0.45%$50k-Money Market

Bayport Credit Union Checking Account Rates

0.35%$50k-Investment Checking
0.10%$1k-Classic Checking

Bayport Credit Union CD Rates

1.50%$2,500-54 Months Premier Share Certificate Special
1.50%$2,500-54 Months Select Share Certificate Special
1.45%$2,500-54 Months Preferred Share Certificate Special
1.20%$2,500-54 Months Share Certificate Special
1.16%$1k-60 Months Premier Share Certificate
1.16%$1k-60 Months Select Share Certificate
1.11%$1k-60 Months Preferred Share Certificate
1.00%$2,500-39 Months Premier Share Certificate Special
1.00%$2,500-39 Months Select Share Certificate Special
0.95%$2,500-39 Months Preferred Share Certificate Special
0.90%$2,500-25 Months Premier Share Certificate Special
0.90%$2,500-25 Months Select Share Certificates Special
0.90%$1k-48 Months Premier Share Certificate
0.90%$1k-48 Months Select Share Certificate
0.85%$2,500-25 Months Preferred Share Certificate Special
0.85%$1k-48 Months Preferred Share Certificate
0.85%$1k-60 Months Share Certificate
0.80%$1k-36 Months Premier Share Certificate
0.80%$1k-36 Months Select Share Certificate
0.75%$1k-30 Months Premier Share Certificate
0.75%$1k-30 Months Select Share Certificate
0.75%$1k-36 Months Preferred Share Certificate
0.70%$1k-24 Months Premier Share Certificate
0.70%$1k-24 Months Select Share Ceriticate
0.70%$1k-30 Months Preferred Share Certificate
0.70%$2,500-39 Months Share Certificate Special
0.65%$2,500-11 Months Premier Share Certificate Special
0.65%$2,500-11 Months Select Share Certificate Special
0.65%$1k-18 Months Premier Share Certificate
0.65%$1k-18 Months Select Share Certificate
0.65%$1k-24 Months Preferred Share Certificate
0.60%$2,500-11 Months Preferred Share Certificate Special
0.60%$2,500-25 Months Share Certificate Special
0.60%$1k-12 Months Premier Share Certificate
0.60%$1k-12 Months Select Share Certificate
0.60%$1k-18 Months Preferred Share Certificate
0.60%$1k-48 Months Share Certificate
0.55%$1k-91 Day Premier Share Certificate
0.55%$1k-91 Day Select Share Certificate
0.55%$1k-6 Months Premier Share Certificate
0.55%$1k-6 Months Select Share Certificate
0.55%$1k-12 Months Preferred Share Certificate
0.50%$1k-91 Day Preferred Share Certificate
0.50%$1k-6 Months Preferred Share Certificate
0.50%$5k-25 Months Flex Share Certificate
0.50%$5k-25 Months Flex Preferred Share Certificate
0.50%$5k-25 Months Flex Premier Share Certificate
0.50%$5k-25 Months Flex Select Share Certificate
0.50%$1k-36 Months Share Certificate
0.45%$1k-30 Months Share Certificate
0.40%$1k-24 Months Share Certificate
0.35%$2,500-11 Months Share Certificate Special
0.35%$1k-18 Months Share Certificate
0.30%$1k-12 Months Share Certificate
0.25%$1k-91 Day Share Certificate
0.25%$1k-6 Months Share Certificate

Bayport Credit Union IRA Rates

1.50%$500-54 Months Premier CESA Special
1.50%$500-54 Months Select CESA Special
1.50%$1k-54 Months Select IRA Special
1.45%$1k-54 Months Preferred IRA Special
1.45%$500-54 Months Preferred CESA Special
1.20%$1k-54 Months IRA Special
1.20%$500-54 Months CESA Special
1.16%$500-5 Year Premier CESA
1.16%$500-5 Year Select CESA
1.16%$1k-5 Year Select IRA
1.11%$1k-5 Year Preferred IRA
1.11%$500-5 Year Preferred CESA
1.00%$500-39 Months Premier CESA Special
1.00%$500-39 Months Select CESA Special
1.00%$1k-39 Months Select IRA Special
0.95%$500-39 Months Preferred CESA Special
0.95%$1k-39 Months Preferred IRA Special
0.90%$1k-25 Months Premier IRA Special
0.90%--25 Months Select IRA Special
0.90%$500-25 Months Premier CESA Special
0.90%$500-25 Months Select CESA Special
0.90%$500-4 Year Premier CESA
0.90%$500-4 Year Select CESA
0.90%$1k-4 Year Select IRA
0.85%$1k-25 Months Preferred IRA Special
0.85%$1k-4 Year Preferred IRA
0.85%$1k-5 Year IRA
0.85%$500-25 Months Preferred CESA Special
0.85%$500-4 Year Preferred CESA
0.85%$500-5 Year CESA
0.80%$500-3 Year Premier CESA
0.80%$500-3 Year Select CESA
0.80%$1k-3 Year Select IRA
0.75%$1k-3 Year Preferred IRA
0.75%$500-3 Year Preferred CESA
0.70%$500-2 Year Premier CESA
0.70%$500-2 Year Select CESA
0.70%$500-39 Months CESA Special
0.70%$1k-39 Months IRA Special
0.70%$1k-2 Year Select IRA
0.65%$1k-2 Year Preferred IRA
0.65%$500-11 Months Premier CESA Special
0.65%$500-11 Months Select CESA Special
0.65%$500-2 Year Preferred CESA
0.65%$1k-11 Months Select IRA Special
0.60%$1k-11 Months Preferred IRA Special
0.60%$1k-25 Months IRA Special
0.60%$1k-4 Year IRA
0.60%$500-11 Months Preferred CESA Special
0.60%$500-25 Months CESA Special
0.60%$500-1 Year Premier CESA
0.60%$500-1 Year Select CESA
0.60%$500-4 Year CESA
0.60%$1k-1 Year Select IRA
0.55%$1k-1 Year Preferred IRA
0.55%$500-1 Year Preferred CESA
0.50%$1k-3 Year IRA
0.50%$500-3 Year CESA
0.40%$1k-2 Year IRA
0.40%$500-2 Year CESA
0.35%$1k-11 Months IRA Special
0.35%$500-11 Months CESA Special
0.30%$1k-1 Year IRA
0.30%$500-1 Year CESA

Bayport Credit Union has 16 locations. Click to view all Bayport Credit Union locations.