5 star ratingAverage User Rating:
5 star rating based on 1 review.

Bayport Credit Union

Bayport Credit Union Locations
3711 Huntington Ave
Newport News, VA 23607
(800) 928-8801
www.bayportcu.org

Bayport Credit Union is headquartered in Newport News and is the 9th largest credit union in the state of Virginia. It is also the 145th largest credit union in the nation. It was established in 1928 and as of December of 2011, it had grown to 313 employees and 92,898 members. Bayport Credit Union has a 5-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Bayport Credit Union Checking Account Rates

ApyMinMaxProduct
0.35%$50k-Investment Checking
0.15%$1k-Classic Checking

Bayport Credit Union Savings Account Rates

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

Bayport Credit Union Money Market Rates

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

Bayport Credit Union CD Rates

ApyMinMaxProduct
2.05%$2,500-54 Months Premier Share Certificate Special
2.05%$2,500-54 Months Select Share Certificate Special
2.00%$2,500-54 Months Preferred Share Certificate Special
1.75%$1k-60 Months Premier Share Certificate
1.75%$1k-60 Months Select Share Certificate
1.74%$2,500-54 Months Share Certificate Special
1.70%$1k-60 Months Preferred Share Certificate
1.45%$1k-60 Months Share Certificate
1.20%$2,500-39 Months Premier Share Certificate Special
1.20%$2,500-39 Months Select Share Certificate Special
1.16%$1k-48 Months Premier Share Certificate
1.16%$1k-48 Months Select Share Certificate
1.15%$2,500-39 Months Preferred Share Certificate Special
1.11%$1k-48 Months Preferred Share Certificate
1.10%$2,500-25 Months Premier Share Certificate Special
1.10%$2,500-25 Months Select Share Certificates Special
1.04%$2,500-25 Months Preferred Share Certificate Special
0.95%$1k-36 Months Premier Share Certificate
0.95%$1k-36 Months Select Share Certificate
0.90%$1k-36 Months Preferred Share Certificate
0.89%$2,500-39 Months Share Certificate Special
0.85%$2,500-11 Months Premier Share Certificate Special
0.85%$2,500-11 Months Select Share Certificate Special
0.85%$1k-48 Months Share Certificate
0.80%$2,500-11 Months Preferred Share Certificate Special
0.80%$1k-30 Months Premier Share Certificate
0.80%$1k-30 Months Select Share Certificate
0.79%$2,500-25 Months Share Certificate Special
0.75%$1k-24 Months Premier Share Certificate
0.75%$1k-24 Months Select Share Ceriticate
0.75%$1k-30 Months Preferred Share Certificate
0.70%$1k-18 Months Premier Share Certificate
0.70%$1k-18 Months Select Share Certificate
0.70%$1k-24 Months Preferred Share Certificate
0.70%$5k-25 Months Flex Share Certificate
0.70%$5k-25 Months Flex Preferred Share Certificate
0.70%$5k-25 Months Flex Premier Share Certificate
0.70%$5k-25 Months Flex Select Share Certificate
0.65%$1k-12 Months Premier Share Certificate
0.65%$1k-12 Months Select Share Certificate
0.65%$1k-18 Months Preferred Share Certificate
0.65%$1k-36 Months Share Certificate
0.60%$1k-6 Months Premier Share Certificate
0.60%$1k-6 Months Select Share Certificate
0.60%$1k-12 Months Preferred Share Certificate
0.55%$2,500-11 Months Share Certificate Special
0.55%$1k-91 Day Premier Share Certificate
0.55%$1k-91 Day Select Share Certificate
0.55%$1k-6 Months Preferred Share Certificate
0.50%$1k-91 Day Preferred Share Certificate
0.50%$1k-30 Months Share Certificate
0.45%$1k-24 Months Share Certificate
0.40%$1k-18 Months Share Certificate
0.35%$1k-12 Months Share Certificate
0.30%$1k-6 Months Share Certificate
0.25%$1k-91 Day Share Certificate

Bayport Credit Union IRA Rates

ApyMinMaxProduct
2.05%$1k-54 Months Premier IRA Special
2.05%$1k-54 Months Select IRA Special
2.05%$500-54 Months Premier Coverdell ESA Special
2.05%$500-54 Months Select Coverdell ESA Special
2.05%$1k-54 Months Premier Roth IRA Special
2.05%$1k-54 Months Select Roth IRA Special
2.00%$1k-54 Months Preferred IRA Special
2.00%$500-54 Months Preferred Coverdell ESA Special
2.00%$1k-54 Months Preferred Roth IRA Special
1.75%$1k-5 Year Premier IRA
1.75%$1k-5 Year Select IRA
1.75%$500-5 Year Premier Coverdell ESA
1.75%$500-5 Year Select Coverdell ESA
1.75%$1k-5 Year Premier Roth IRA
1.75%$1k-5 Year Select Roth IRA
1.74%$1k-54 Months IRA Special
1.74%$500-54 Months Coverdell ESA Special
1.74%$1k-54 Months Roth IRA Special
1.70%$1k-5 Year Preferred IRA
1.70%$500-5 Year Preferred Coverdell ESA
1.70%$1k-5 Year Preferred Roth IRA
1.45%$1k-5 Year IRA
1.45%$500-5 Year Coverdell ESA
1.45%$1k-5 Year Roth IRA
1.20%$500-39 Months Premier Coverdell ESA Special
1.20%$1k-39 Months Premier IRA Special
1.20%$1k-39 Months Premier Roth IRA Special
1.20%$500-39 Months Select Coverdell ESA Special
1.20%$1k-39 Months Select IRA Special
1.20%$1k-39 Months Select Roth IRA Special
1.16%$1k-4 Year Premier IRA
1.16%$1k-4 Year Select IRA
1.16%$500-4 Year Premier Coverdell ESA
1.16%$500-4 Year Select Coverdell ESA
1.16%$1k-4 Year Premier Roth IRA
1.16%$1k-4 Year Select Roth IRA
1.15%$500-39 Months Preferred Coverdell ESA Special
1.15%$1k-39 Months Preferred IRA Special
1.15%$1k-39 Months Preferred Roth IRA Special
1.11%$1k-4 Year Preferred IRA
1.11%$500-4 Year Preferred Coverdell ESA
1.11%$1k-4 Year Preferred Roth IRA
1.10%$1k-25 Months Premier IRA Special
1.10%--25 Months Select IRA Special
1.10%$500-25 Months Premier Coverdell ESA Special
1.10%$500-25 Months Select Coverdell ESA Special
1.10%$1k-25 Months Premier Roth IRA Special
1.10%$1k-25 Months Select Roth IRA Special
1.04%$1k-25 Months Preferred IRA Special
1.04%$500-25 Months Preferred Coverdell ESA Special
1.04%$1k-25 Months Preferred Roth IRA Special
0.95%$1k-3 Year Premier IRA
0.95%$1k-3 Year Select IRA
0.95%$500-3 Year Premier Coverdell ESA
0.95%$500-3 Year Select Coverdell ESA
0.95%$1k-3 Year Premier Roth IRA
0.95%$1k-3 Year Select Roth IRA
0.90%$1k-3 Year Preferred IRA
0.90%$500-3 Year Preferred Coverdell ESA
0.90%$1k-3 Year Preferred Roth IRA
0.89%$500-39 Months Coverdell ESA Special
0.89%$1k-39 Months IRA Special
0.89%$1k-39 Months Roth IRA Special
0.85%$1k-11 Months Premier IRA Special
0.85%$1k-11 Months Select IRA Special
0.85%$1k-4 Year IRA
0.85%$500-11 Months Premier Coverdell ESA Special
0.85%$500-11 Months Select Coverdell ESA Special
0.85%$500-4 Year Coverdell ESA
0.85%$1k-11 Months Premier Roth IRA Special
0.85%$1k-11 Months Select Roth IRA Special
0.85%$1k-4 Year Roth IRA
0.80%$1k-11 Months Preferred IRA Special
0.80%$500-11 Months Preferred Coverdell ESA Special
0.80%$1k-11 Months Preferred Roth IRA Special
0.79%$1k-25 Months IRA Special
0.79%$500-25 Months Coverdell ESA Special
0.79%$1k-25 Months Roth IRA Special
0.75%$1k-2 Year Premier IRA
0.75%$1k-2 Year Select IRA
0.75%$500-2 Year Premier Coverdell ESA
0.75%$500-2 Year Select Coverdell ESA
0.75%$1k-2 Year Premier Roth IRA
0.75%$1k-2 Year Select Roth IRA
0.70%$1k-2 Year Preferred IRA
0.70%$500-2 Year Preferred Coverdell ESA
0.70%$1k-2 Year Preferred Roth IRA
0.65%$1k-1 Year Premier IRA
0.65%$1k-1 Year Select IRA
0.65%$1k-3 Year IRA
0.65%$500-1 Year Premier Coverdell ESA
0.65%$500-1 Year Select Coverdell ESA
0.65%$500-3 Year Coverdell ESA
0.65%$1k-1 Year Premier Roth IRA
0.65%$1k-1 Year Select Roth IRA
0.65%$1k-3 Year Roth IRA
0.60%$1k-1 Year Preferred IRA
0.60%$500-1 Year Preferred Coverdell ESA
0.60%$1k-1 Year Preferred Roth IRA
0.55%$1k-11 Months IRA Special
0.55%$500-11 Months Coverdell ESA Special
0.55%$1k-11 Months Roth IRA Special
0.50%$100-IRA Savings
0.45%$1k-2 Year IRA
0.45%$500-2 Year Coverdell ESA
0.45%$1k-2 Year Roth IRA
0.35%$1k-1 Year IRA
0.35%$500-1 Year Coverdell ESA
0.35%$1k-1 Year Roth IRA

Rates updated: 5/23/2012

Data for Q4 2011


Institution Statistics


BAYPORT CREDIT UNION
NCUA #61330
BankRate ReportView
Year Chartered1928
Employees313
Primary Regulator

Assets and Liabilities

Assets$1.18 billion
Loans$725.79 million
Deposits$994.43 million
Equity Capital$144.73 million
Loan Loss Allowance$8.27 million
Unbacked Noncurrent Loans$5.59 million
Real Estate Owned$592,000

Historic Data - December 2010

Assets$1.13 billion
Equity Capital$133.71 million
Loan Loss Allowance$9.21 million
Unbacked Noncurrent Loans$8.43 million
Real Estate Owned$1.13 million

Profit Margin - Quarterly

Net Interest Margin4.85%
Return on Assets0.79%
Return on Equity6.45%
Interest Income$51.88 million
Non-Interest Income$17.32 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 December 31, 2011 Bayport Credit Union had $6.18 million in non-current loans and owned real-estate with $153.01 million in equity and loan loss allowances on hand to cover it. This gives Bayport Credit Union a Texas Ratio of 4.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Bayport Credit Union decreased slightly from 6.69% as of December 31, 2010 to 4.04% as of December 31, 2011, resulting in a positive change of 39.61%.This indicates that the balance sheet and financial strength for Bayport Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Bayport Credit Union has increased its total deposits by $34.67 million, resulting in 3.61% 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 above average.
Capitalization5
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 $1.18 billion in assets with $153.01 million in equity, resulting in a capitalization level of 12.93%, which is excellent.
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Love Them!
5 stars - poqbum - Thursday, November 10, 2011 - 1:23 PM

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.

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