Bay Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.02% | 5-year CD | 5 Year CD 2.35% - Synchrony Bank 60 Month CD |
| 1.51% | 4-year CD | 4 Year CD 1.80% - Goldman Sachs Bank USA 4 Year CD |
| 2.02% | 5-year IRA | 5 Year IRA (Traditional, Roth, CESA, SEP) 1.54% - National Average |
Bay Federal Credit Union is headquartered in Capitola and is the 53rd largest credit union in the state of California. It is also the 316th largest credit union in the nation. It was established in 1957 and as of March of 2017, it had grown to 212 employees and 67,244 members at 7 locations. Bay Federal Credit Union has a B+ 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.
See current membership details
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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.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12067 |
| Year Chartered | 1957 |
| Employees | 212 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 10.77% |
| Annual Interest Income | $7.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $890.2MM$787.6MM |
| Loans | Q1 2017vs Q1 2016 | $531.9MM$507.2MM |
| Deposits | Q1 2017vs Q1 2016 | $803.4MM$704.9MM |
| Equity Capital | Q1 2017vs Q1 2016 | $73.0MM$66.5MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $4.2MM$4.7MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $4.5MM$4.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Bay Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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 | - | Roth IRA Savings | ||
| 0.05% | $100 | - | CESA Savings | ||
| 0.05% | $100 | - | SEP IRA Savings | ||
| 0.05% | - | - | Business Savings Account | ||
Bay Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01% | $2,500 | - | Interest Checking | |
| 0.01% | $2,500 | - | Business CheckingPLUS |
Bay Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 Office | 255 Mount Hermon Rd Ste C | Scotts Valley, CA 95066-4080 |
| Branch Office | 105 Post Office Dr Ste A | Aptos, CA 95003-3953 |
| Branch Office | 2028 Freedom Blvd | Freedom, CA 95019-2835 |
| Branch Office | 420 River St Ste C | Santa Cruz, CA 95060-2671 |
| Branch Office | 1481 Main St | Watsonville, CA 95076-3759 |
| Branch Office | 3333 Clares St | Capitola, CA 95010-2546 |
| Corporate Office | 5300 Soquel Ave Ste 201 | Santa Cruz, CA 95062-7807 |