Overview / Commentary
Bay Atlantic Federal Credit Union is headquartered in Vineland and is the 33rd largest credit union in the state of New Jersey. It is also the 1,915th largest credit union in the nation. It was established in 1939 and as of June of 2024, it had grown to 21 employees and 9,218 members at 3 locations. Bay Atlantic Federal Credit Union's money market rates are 3X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership eligibility in Bay Atlantic Federal Credit Union is open to employees of any of more than 150 Select Employee Groups. A $10 donation to M-25 Initiative (a 501c3 non-profit in Cumberland County, NJ) also qualifies for membership.
See current membership details
Health
B
Data as of Q2 2024
Learn why bank health mattersAdditional 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
| Overall | |
|---|---|
| NCUA # | 3541 |
| Year Chartered | 1939 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.3% |
| Return on Equity - YTD | 4% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $91MM$87.6MM |
| Loans | Q2 2024vs Q2 2023 | $41.6MM$40MM |
| Deposits | Q2 2024vs Q2 2023 | $80.4MM$81.3MM |
| Equity Capital | Q2 2024vs Q2 2023 | $6.8MM$5.6MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $380K$441K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $50K$67K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |