Bay Atlantic Federal Credit Union


Overview / Commentary
877-590-8866
101 W Elmer Rd
Vineland, NJ 08360

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 1,984th largest credit union in the nation. It was established in 1939 and as of September of 2022, it had grown to 25 employees and 9,120 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.



Health
B+
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

Overall
NCUA #3541
Year Chartered1939
Employees25
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD14.43%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$87.5MM$81.9MM
LoansQ3 2022vs Q3 2021$36.4MM$26.1MM
DepositsQ3 2022vs Q3 2021$81.6MM$75.0MM
Equity CapitalQ3 2022vs Q3 2021$5.2MM$6.4MM
Loan Loss AllowanceQ3 2022vs Q3 2021$473.00K$435.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$43.00K$127.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for Bay Atlantic Federal Credit Union are currently being reviewed.

Locations


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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