Bay Atlantic Federal Credit Union is headquartered in Vineland and is the 38th largest credit union in the state of New Jersey. It is also the 2,088th largest credit union in the nation. It was established in 1939 and as of September of 2020, it had grown to 22 employees and 8,839 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
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 Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3541 |
| Year Chartered | 1939 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 10.01% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $70.6MM$60.0MM |
| Loans | Q3 2020vs Q3 2019 | $29.0MM$29.0MM |
| Deposits | Q3 2020vs Q3 2019 | $64.4MM$54.3MM |
| Equity Capital | Q3 2020vs Q3 2019 | $5.7MM$5.1MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $473.00K$490.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $297.00K$291.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |