Bay Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.79% | 5-year CD | |
| 2.53% | 4-year CD | 1.93% - National Average |
| 2.79% | 5-year IRA | 2.22% - National Average |
Bay Federal Credit Union is headquartered in Capitola and is the 48th 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 September of 2018, it had grown to 221 employees and 71,928 members at 7 locations. Bay Federal Credit Union's CD rates are 40% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Bay Federal Credit Union is open to individuals residing, worshiping or attending school and companies headquartered in the California counties of San Benito, Santa Cruz, or Monterey. Immediate family of current credit union members are also eligible to join.
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.
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).
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12067 |
| Year Chartered | 1957 |
| Employees | 221 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.03% |
| Return on Equity - YTD | 12.29% |
| Annual Interest Income | $24.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $988.0MM$930.9MM |
| Loans | Q3 2018vs Q3 2017 | $618.4MM$559.6MM |
| Deposits | Q3 2018vs Q3 2017 | $888.7MM$836.0MM |
| Equity Capital | Q3 2018vs Q3 2017 | $82.2MM$78.6MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $4.1MM$4.1MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $3.3MM$4.6MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $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 | |
|---|---|---|---|---|---|
| 0.40%* | $100k* | - | Titanium Savings Account | ||
| OTHER TIERS: 0.15% → $100 - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k | |||||
| 0.40%* | $100k* | - | Business Titanium Savings Account | ||
| OTHER TIERS: 0.15% → $100 - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k | |||||
| 0.05% | $100 | - | Savings Account | ||
| 0.05% | $100 | - | IRA Savings | ||
| 0.05% | $5 | - | Business Savings Account | ||
Bay Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $75k* | - | Money Market Account | ||
| OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $75k | |||||
| 0.30%* | $75k* | - | Business Money Market Account | ||
| OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $75k | |||||
Bay Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $2.5k | - | Interest Checking | |
| 0.05% | $2.5k | - | Business CheckingPLUS |
Bay Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.79% | $1k | - | 5 Year CD | |
| 2.79% | $1k | - | Business 5 Year CD | |
| 2.53% | $1k | - | 4 Year CD | |
| 2.53% | $1k | - | Business 4 Year CD | |
| 2.28% | $1k | - | 3 Year CD | |
| 2.28% | $1k | - | Business 3 Year CD | |
| 2.02% | $1k | - | 2 Year CD | |
| 2.02% | $1k | - | Business 2 Year CD | |
| 1.51% | $1k | - | 18 Month CD | |
| 1.51% | $1k | - | Business 18 Month CD | |
| 1.26% | $1k | - | 1 Year CD | |
| 1.26% | $1k | - | Business 1 Year CD | |
| 0.75% | $1k | - | 6 Month CD | |
| 0.75% | $1k | - | Business 6 Month CD | |
| 0.35% | $1k | - | 3 Month CD | |
| 0.35% | $1k | - | Business 3 Month CD |
Bay Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.79% | $1k | - | 5 Year IRA | |
| 2.53% | $1k | - | 4 Year IRA | |
| 2.28% | $1k | - | 3 Year IRA | |
| 2.02% | $1k | - | 2 Year IRA | |
| 1.51% | $1k | - | 18 Month IRA | |
| 1.26% | $1k | - | 1 Year IRA | |
| 0.75% | $1k | - | 6 Month IRA | |
| 0.35% | $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 |