Bay Atlantic Federal Credit Union

Overview / Commentary
101 W Elmer Rd
Vineland, NJ 08360

Bay Atlantic Federal Credit Union is headquartered in Vineland and is the 37th largest credit union in the state of New Jersey. It is also the 1,999th largest credit union in the nation. It was established in 1939 and as of March of 2021, it had grown to 22 employees and 8,918 members at 3 locations. Bay Atlantic Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership eligibility in Bay Atlantic Federal Credit Union is open to the following: Employees of any one of the Select Employee Groups (a full list of organizations is posted on the credit union's website), immediate family and household members.
See current membership details

Reviews (1)

Bay Atlantic Credit Union

Bay Atlantic Credit Union is a local credit union in the Millville/Vineland NJ area. My wife joined us up and opened an account for us. While we both like a larger regional bank much better; Bay Atlantic Credit Union is very nice for a local Credit Union. It has better hours than most Credit Unions that I have been affiliated with in the past. My wife loves the vacation club and the Christmas club programs which make it much easier to save for vacations and for Christmas. I do not like that they charge a fee to use an ATM card as debit rather than credit. I use the larger bank much more often and prefer that bank for bill pay, credit/debit transactions, checking account etc. I do not find their web page to be particularly easy to use. However for a local credit union I like them a lot. The staff is always friendly and knowledgeable and know me by name. I prefer to get money orders through them because they charge much less than a normal bank or anywhere else. They charge less when ordering checks, than my other bank.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Bay Atlantic Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #3541
Year Chartered1939
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD3.28%
Annual Interest Income$517.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$82.7MM$63.8MM
LoansQ1 2021vs Q1 2020$27.1MM$28.7MM
DepositsQ1 2021vs Q1 2020$75.7MM$57.9MM
Equity CapitalQ1 2021vs Q1 2020$5.9MM$5.4MM
Loan Loss AllowanceQ1 2021vs Q1 2020$439.00K$503.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$148.00K$210.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bay Atlantic Federal Credit Union Savings Account Rates

0.10%$25-Vacation Club Account
0.10%--Variable Rate IRA Account
0.10%$25-Holiday Club Account
0.05%$100-Regular Share Account

Bay Atlantic Federal Credit Union Money Market Rates

0.10%*$25k*-Money Market Account
OTHER TIERS: 0.07% $2.5k - $25k

Bay Atlantic Federal Credit Union CD Rates

0.50%$2.5k-60 Month Certificate
0.35%$1k-30 Month Certificate
0.25%$1k-18 Month Bump-Up Certificate
0.15%$1k-12 Month Certificate
0.10%$500-6 Month Certificate

Bay Atlantic Federal Credit Union IRA Rates

0.60%$2.5k-60 Month IRA Certificate
0.45%$1k-30 Month IRA Certificate
0.35%$1k-18 Month Bump-Up IRA Certificate
0.20%$1k-12 Month IRA Certificate
0.15%$500-6 Month IRA Certificate

Bay Atlantic Federal Credit Union Locations
Branch Office101 W Elmer RdVineland, NJ 08360-6312
Corporate Office37 W Landis AveVineland, NJ 08360
Branch Office1940 S West Blvd Bldg 101AVineland, NJ 08360-7024

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