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 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

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 - YTD0.42%
Return on Equity - YTD6.51%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$87.6MM$86.9MM
LoansQ2 2023vs Q2 2022$40.0MM$34.1MM
DepositsQ2 2023vs Q2 2022$81.3MM$81.1MM
Equity CapitalQ2 2023vs Q2 2022$5.6MM$5.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$464.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$67.00K$46.00K
Real Estate OwnedQ2 2023vs Q2 2022$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

0.55%--Variable Rate IRA Account
0.30%$25-Vacation Club Account
0.30%$25-Holiday Club Account
0.25%$100-Regular Share Account

Bay Atlantic Federal Credit Union Money Market Rates

0.75%*$25k*-Money Market Account
OTHER TIERS: 0.50% $2.5k - $25k

Bay Atlantic Federal Credit Union CD Rates

2.02%$2.5k-60 Month Certificate
1.76%$1k-30 Month Certificate
1.61%$1k-18 Month Certificate
1.51%$1k-12 Month Certificate
1.00%$500-6 Month Certificate

Bay Atlantic Federal Credit Union IRA Rates

2.22%$2.5k-60 Month IRA Certificate
1.97%$1k-30 Month IRA Certificate
1.81%$1k-18 Month IRA Certificate
1.71%$1k-12 Month IRA Certificate
1.21%$500-6 Month IRA Certificate

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

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