Bayer Heritage Federal Credit Union

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

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

Reviews (4)

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.

Cd Rates Vary Extremely

Posted by: |

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 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.


Health Grade Components

NCUA #11836
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD9.16%
Annual Interest Income$15.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$726.6MM$675.6MM
LoansQ2 2023vs Q2 2022$588.5MM$516.2MM
DepositsQ2 2023vs Q2 2022$663.7MM$618.0MM
Equity CapitalQ2 2023vs Q2 2022$59.9MM$55.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$2.5MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$3.5MM$2.4MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Bayer Heritage 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.

Bayer Heritage Federal Credit Union Savings Account Rates

0.25%--IRA Savings
0.10%$5-Share Account
0.10%--Christmas Club
0.10%--Vacation Club

Bayer Heritage Federal Credit Union CD Rates

5.65%$100-3 Month Share Certificate
5.65%$100-6 Month Share Certificate
5.55%*$500k*-12 Month Jumbo Share Certificate Special
OTHER TIERS: 5.50% $250k - $500k
5.44%$100k-12 Month Jumbo Share Certificate
5.39%$100-12 Month Share Certificate
4.81%$100k-24 Month Jumbo Share Certificate
4.76%$100-24 Month Share Certificate
4.76%$100k-18 Month Jumbo Share Certificate
4.71%$100-18 Month Share Certificate
3.36%$100k-60 Month Jumbo Share Certificate
3.30%$100-60 Month Share Certificate
3.10%$100k-48 Month Jumbo Share Certificate
3.04%$100-48 Month Share Certificate
2.84%$100k-36 Month Jumbo Share Certificate
2.79%$100-36 Month Share Certificate
2.58%$100k-30 Month Jumbo Share Certificate
2.53%$100-30 Month Share Certificate

Bayer Heritage Federal Credit Union IRA Rates

5.65%$100-3 Month IRA Certificate
5.65%$100-6 Month IRA Certificate
5.39%$100-12 Month IRA Certificate
4.76%$100-24 Month IRA Certificate
4.71%$100-18 Month IRA Certificate
3.30%$100-60 Month IRA Certificate
3.04%$100-48 Month IRA Certificate
2.79%$100-36 Month IRA Certificate
2.53%$100-30 Month IRA Certificate


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