Bayer Heritage Federal Credit Union is headquartered in New Martinsville and is the largest credit union in the state of West Virginia. It is also the 564th largest credit union in the nation. It was established in 1957 and as of June of 2023, it had grown to 149 employees and 40,971 members at 12 locations. Bayer Heritage Federal Credit Union's CD rates are 6X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Bayer Heritage Federal Credit Union is open anyone through membership in the American Consumer Council. Also eligible are 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 Virginia; Berkeley or Charleston Counties, South Carolina; Belmont, Licking, or Muskingum Counties, Ohio; or Harris County, Texas. Membership is also open to employees of Bayer Corporation.
See current membership details
Related Posts
3/30 - Bayer Heritage Federal Credit Union Has Rate Leading 5-Year CD
5/4 - Bayer Heritage FCU Raises Long-Term CD Rates Again
4/7 - Bayer Heritage FCU Adds 25 Basis Points To Long-Term CDs
3/3 - Bayer Heritage FCU Raises Long-Term CD Rates (WV, OH & SC)
2/5/16 - Bayer Heritage FCU Boosts Rates On Long-Term CDs
8/11/15 - Bayer Heritage FCU Raises Rates On Long-Term CDs
7/2/14 - Bayer Heritage Federal CU (2.53%APY 60 Months)
8/2/13 - Top Long-Term CD Rates at Bayer Heritage FCU in WV, OH & SC
4/1/11 - New Higher CD Rates at Bayer Heritage FCU in WV, OH & SC - Local Only
2/15/11 - Competitive 5-Year CD Rate at Bayer Heritage FCU in WV, OH & SC - Local Only
5/18/10 - Top 48-Month & 60-Month CD Rates at Bayer Heritage FCU in WV, OH & SC - Local Only
7/10/07 - 6.04% 60-Month / 5.90% 48-Month CD at a Multi-State CU (Bayer Heritage)
Convenient banking with smiles
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
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.
Cd Rates Vary Extremely
I have been with Bayer cu for over 20 years. This use to be a good place to invest your retirement funds. They were always competitive with what you could get nationally. The last couple of years their rates have been fluctuating wildly. They just start to get competitive then suddenly they drop their rates 2% when nobody else does.
I just got a notice 6/19 from depositaccounts.com that Bayer dropped their rate again from 4.59 to 2.79 % on the 12mo. cd. I don't know where DA got there info. But this drop had already happened back on May 1st. Their rates have not changed since.
I guess I am going to have to move my cd's again out of Bayer when they mature.
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.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11836 |
| Year Chartered | 1957 |
| Employees | 149 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 9.16% |
| Annual Interest Income | $15.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $726.6MM$675.6MM |
| Loans | Q2 2023vs Q2 2022 | $588.5MM$516.2MM |
| Deposits | Q2 2023vs Q2 2022 | $663.7MM$618.0MM |
| Equity Capital | Q2 2023vs Q2 2022 | $59.9MM$55.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$2.5MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $3.5MM$2.4MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
