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Bay Federal Credit Union

Popular Accounts at this Credit Union

2.02%5-year CD5 Year CD
1.51%4-year CD4 Year CD
2.02%5-year IRA5 Year IRA (Traditional, Roth, CESA, SEP)

Overview / Commentary
3333 Clares St
Capitola, CA 95010-2546

Bay Federal Credit Union is headquartered in Capitola and is the 49th largest credit union in the state of California. It is also the 311th largest credit union in the nation. It was established in 1957 and as of December of 2017, it had grown to 204 employees and 69,916 members at 7 locations. Bay Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Bay Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in Santa Cruz, Monterey or San Benito Counties.
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Reviews (2)

Efficient, Friendly and Safe

Bay Fed is a great credit union that serves the county of Santa Cruz in California. It has no special requirements for membership, other than living in the area. It's a small outfit compared to the national banks, but has ATMs all over, so there's never an ATM fee, and it offers the same loans and accounts as the big banks.

Joining this credit union is a simple matter of opening a savings account with ten bucks. After that, a standard checking account is free with a balance over $1,000, or with electronic transfers, I believe. All accounts are insured, of course. Branches are small and friendly, the kind of places where tellers often remember your name. There's no need to go in the building though; online and telephone banking are cost-free and easy to use.

Bay Fed sends out a newsletter tucked in with the monthly statement. It keeps members in touch with local activities, charities, and good financial ideas. It's just one of the ways our credit union makes sure we feel like members, not just customers.

BayFed, a GOOD bank.

Every time I come into BayFed, I'm more surprised by the customer service that I receive. For such a small institution, their products are competitive and they make an effort to help you meet your own financial goals. When I walk looking to open an auxiliary retirement account, BayFed offered me a range of options that were competitive, even with the corporate institutions. I ended up getting a Roth IRA, the interest rate is great, and there have never been any unforeseen charges (my favorite).


Health Grade Components

NCUA #12067
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD10.33%
Annual Interest Income$29.5MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$935.3MM$857.2MM
LoansQ4 2017vs Q4 2016$567.3MM$532.6MM
DepositsQ4 2017vs Q4 2016$839.0MM$760.8MM
Equity CapitalQ4 2017vs Q4 2016$79.0MM$70.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$3.9MM$4.5MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$4.6MM$5.7MM
Real Estate OwnedQ4 2017vs Q4 2016$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 Federal Credit Union Savings Account Rates

0.20%*$100k*-Titanium Savings Account
OTHER TIERS: 0.10% $100 - $25k | 0.15% $25k - $50k | 0.18% $50k - $100k
0.20%*$100k*-Business Titanium Savings Account
OTHER TIERS: 0.10% $100 - $25k | 0.15% $25k - $50k | 0.18% $50k - $100k
0.05%$100-Savings Account
0.05%$100-IRA Savings
0.05%$100-SEP IRA Savings
0.05%--Business Savings Account

Bay Federal Credit Union Money Market Rates

0.15%*$50k*-Money Market Account
OTHER TIERS: 0.05% $2,500 - $10k | 0.10% $10k - $50k
0.15%*$50k*-Business Money Market Account
OTHER TIERS: 0.05% $2,500 - $10k | 0.10% $10k - $50k

Bay Federal Credit Union Checking Account Rates

0.01%$2,500-Interest Checking
0.01%$2,500-Business CheckingPLUS

Bay Federal Credit Union CD Rates

2.02%$1k-5 Year CD
2.02%$1k-Business 5 Year CD
1.51%$1k-4 Year CD
1.51%$1k-Business 4 Year CD
1.36%$1k-3 Year CD
1.36%$1k-Business 3 Year CD
1.01%$1k-2 Year CD
1.01%$1k-Business 2 Year CD
0.40%$1k-18 Month CD
0.40%$1k-Business 18 Month CD
0.35%$1k-1 Year CD
0.35%$1k-Business 1 Year CD
0.25%$1k-6 Month CD
0.25%$1k-Business 6 Month CD
0.15%$1k-3 Month CD
0.15%$1k-Business 3 Month CD

Bay Federal Credit Union IRA Rates

2.02%$1k-5 Year IRA
1.51%$1k-4 Year IRA
1.36%$1k-3 Year IRA
1.01%$1k-2 Year IRA
0.40%$1k-18 Month IRA
0.35%$1k-1 Year IRA
0.25%$1k-6 Month IRA
0.15%$1k-3 Month IRA

Bay Federal Credit Union Locations
Branch Office255 Mount Hermon Rd Ste CScotts Valley, CA 95066-4080
Branch Office105 Post Office Dr Ste AAptos, CA 95003-3953
Branch Office2028 Freedom BlvdFreedom, CA 95019-2835
Branch Office420 River St Ste CSanta Cruz, CA 95060-2671
Branch Office1481 Main StWatsonville, CA 95076-3759
Branch Office3333 Clares StCapitola, CA 95010-2546
Corporate Office5300 Soquel Ave Ste 201Santa Cruz, CA 95062-7807