Overview / Commentary
877-590-8866
101 W Elmer Rd
Vineland, NJ 08360-6312

Bay Atlantic Federal Credit Union is headquartered in Vineland and is the 40th largest credit union in the state of New Jersey. It is also the 2,146th largest credit union in the nation. It was established in 1939 and as of December of 2018, it had grown to 21 employees and 8,509 members at 1 location. 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
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD6.82%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$59.1MM$55.5MM
LoansQ4 2018vs Q4 2017$29.3MM$29.1MM
DepositsQ4 2018vs Q4 2017$53.9MM$50.1MM
Equity CapitalQ4 2018vs Q4 2017$4.7MM$4.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$421.00K$374.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$297.00K$373.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-Money Market Account
OTHER TIERS: 0.10% $2.5k - $25k

Bay Atlantic Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$2.5k-60 Month Certificate
0.50%$1k-30 Month Certificate
0.40%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%$2.5k-60 Month IRA Certificate
0.55%$1k-30 Month IRA Certificate
0.45%$1k-18 Month Bump-Up IRA Certificate
0.15%$1k-12 Month IRA Certificate
0.10%$500-6 Month IRA Certificate
Locations


Bay Atlantic Federal Credit Union Locations
Branch Office101 W Elmer RdVineland, NJ 08360-6312

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