Bayer Heritage Federal Credit Union

Overview / Commentary
17612 Energy Rd
Proctor, WV 26055-1293

Bayer Heritage Federal Credit Union is headquartered in Proctor and is the largest credit union in the state of West Virginia. It is also the 573rd largest credit union in the nation. It was established in 1957 and as of December of 2022, it had grown to 147 employees and 39,159 members at 12 locations. Bayer Heritage Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership In Bayer Heritage Federal Credit Union is open to those who live, work, worship, or attend school in the West Virginia counties of Wetzel or Tyler, or in Monroe County, Ohio. Also included are specific areas in Marshall County, West Virgina; Berkeley or Charleston Counties, South Carolina; or Belmont, Licking, or Muskingum Counties, Ohio. Membership is also open to employees of Bayer Corporation.
See current membership details

Reviews (3)

Convenient banking with smiles

Posted by: |

Bayer Heritage Federal Credit Union has many options for different types of finances. Tellers are all so friendly and willing to help with anything. I personally loved using the automated teller to get my checking account balances quickly. Transactions post to your accounts immediately, which is also a plus in my book. Checking accounts with low or now fees available and of course direct deposit. Overdraft protection is an asset as well, I had $700 worth of overdraft protection for those times when you need money and its just a few days away. I didn't get to use the mobile banking application due to not having the right kind of phone. Also the ATM was great because you can get cash in increments of $5 and you cant find that anywhere anymore.

Best banking that I have ever experienced!

Bayer Credit Usion

Posted by: |

My husband and I have had a very good experience thru Bayer credit union, the hometown staff feeling is what I love the most. we currently have two vehicle loans and boat loan thru them at a very low interest rate. I did some pricing and could not find a better rate anywhere. We have a checking and a savings. We also have an ira thru them and I am very happy to keep my money there The staff is always friendly and easy to work with. Anything you need or to do with them is a very easy process. They are willing to work with you in anyway shape or form to get my needs met along with theirs. Over all we are very please with bayer credit.

Terrible Customer Service

I have been with this credit union for 5 years, every year has gotten worse with them. Customer service is terrible, the tellers and employees are rude and seem out of the loop on knowledge. The New Martinsville branch has been the worst so far. Will be switching banks within the next few months due to the way this place is run.


Health Grade Components

NCUA #11836
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD11.16%
Annual Interest Income$24.7MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$699.5MM$655.2MM
LoansQ4 2022vs Q4 2021$561.1MM$488.2MM
DepositsQ4 2022vs Q4 2021$638.0MM$594.7MM
Equity CapitalQ4 2022vs Q4 2021$57.9MM$57.3MM
Loan Loss AllowanceQ4 2022vs Q4 2021$2.5MM$2.9MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$2.9MM$2.7MM
Real Estate OwnedQ4 2022vs Q4 2021$0$104.00K

Rates for Bayer Heritage Federal Credit Union are currently being reviewed.



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