Bay Atlantic Federal Credit Union is headquartered in Vineland and is the 36th largest credit union in the state of New Jersey. It is also the 1,956th largest credit union in the nation. It was established in 1939 and as of June of 2023, it had grown to 23 employees and 9,243 members at 3 locations. Bay Atlantic Federal Credit Union's money market rates are 70% higher than 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
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.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3541 |
| Year Chartered | 1939 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 6.51% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $87.6MM$86.9MM |
| Loans | Q2 2023vs Q2 2022 | $40.0MM$34.1MM |
| Deposits | Q2 2023vs Q2 2022 | $81.3MM$81.1MM |
| Equity Capital | Q2 2023vs Q2 2022 | $5.6MM$5.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$464.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $67.00K$46.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |