Bay Federal Credit Union


Overview / Commentary
831-479-6000
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 301st largest credit union in the nation. It was established in 1957 and as of December of 2019, it had grown to 222 employees and 78,163 members at 8 locations. Bay Federal Credit Union 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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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

Health Grade Components

Overall
NCUA #12067
Year Chartered1957
Employees222
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD8.67%
Annual Interest Income$37.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.10B$996.1MM
LoansQ4 2019vs Q4 2018$736.5MM$646.2MM
DepositsQ4 2019vs Q4 2018$985.8MM$895.6MM
Equity CapitalQ4 2019vs Q4 2018$102.5MM$85.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$4.8MM$4.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$3.1MM$3.4MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for Bay Federal Credit Union are currently being reviewed.

Locations


Bay Federal Credit Union Locations
Branch Office255 Mount Hermon Rd Ste CScotts Valley, CA 95066-4080
Branch Office48 Rancho Del MarAptos, CA 95003
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
Branch Office356 Main StSalinas, CA 93901

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