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 34th largest credit union in the state of New Jersey. It is also the 1,906th largest credit union in the nation. It was established in 1939 and as of March of 2024, it had grown to 21 employees and 9,292 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 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 - YTD0.15%
Return on Equity - YTD2.05%
Annual Interest Income$810K
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$92.8MM$88.1MM
LoansQ1 2024vs Q1 2023$39.2MM$38.9MM
DepositsQ1 2024vs Q1 2023$80MM$81.8MM
Equity CapitalQ1 2024vs Q1 2023$6.6MM$5.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$356K$455K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$34K$90K
Real Estate OwnedQ1 2024vs Q1 2023$0$0

Sorry, we do not have rate data for Bay Atlantic Federal Credit Union.


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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