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Baylands Federal Credit Union

Popular Accounts at this Credit Union

1.26%Reward CheckingGrow Green Checking
1.56%5-year CD60 Month CD
0.40%1-year CD12 Month CD

Overview / Commentary
2004 Main Street
West Point, VA 23181

Baylands Federal Credit Union is headquartered in WEST POINT and is the 57th largest credit union in the state of Virginia. It is also the 1,914th largest credit union in the nation. It was established in 1946 and as of June of 2016, it had grown to 29 employees and 5,401 members at 2 locations. Baylands Federal Credit Union has a C health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Essex, Middlesex, Mathews, Gloucester, King & Queen, King William County, James City, or New Kent Counties.
See current membership details

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Reviews (2)

Dont Use This Bank

Posted by: MrsHorne | Sep 8, 2013

My husband and I have been at this bank for 10 years and no late payments or anything we asked for a lil time to pay our loan to give us a chance to catch up after my hubsband switched jobs we were saving up so this wouldnt be a problem but he got call to switch 3 months early. we wen for 7 weeks with no pay. the people at this bank have mosly been rude. my husband had to get a paper saying how much he was going to be making after he got through training pay just to give us a month to catch up and they would only do it one loan. the woman that does the land loans was very nice and wanted to help But the higher up is fresh out of college and only cares about their bonus. this used to be a good bank a few years ago but not any more.

Not A Good Bank

Posted by: Aubry | Aug 4, 2011

The people here are unfriendly and very rude. They take forever to get back to you as well. I am taking my money elsewhere.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Baylands Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #5267
Year Chartered1946
Primary Regulator
Profit Margin
Return on Assets - YTD0.05%
Return on Equity - YTD0.69%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$71.6MM$71.9MM
LoansQ2 2016vs Q2 2015$45.3MM$43.7MM
DepositsQ2 2016vs Q2 2015$65.5MM$65.9MM
Equity CapitalQ2 2016vs Q2 2015$5.5MM$5.7MM
Loan Loss AllowanceQ2 2016vs Q2 2015$315.00K$357.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.6MM$1.4MM
Real Estate OwnedQ2 2016vs Q2 2015$357.00K$100.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Baylands Federal Credit Union Savings Account Rates

0.35%--IRA Account
0.20%*$50k*-Share Investment Accounts
OTHER TIERS: 0.10% $2k - $10k | 0.15% $10k - $50k
0.20%*$50k*-Business Share Investment Accounts
OTHER TIERS: 0.10% $2k - $10k | 0.15% $10k - $50k
0.10%--Share Savings Account
0.10%--Vacation Club Account
0.10%--Christmas Club Account

Baylands Federal Credit Union Checking Account Rates

1.26%*-$15kGrow Green Checking
OTHER TIERS: 0.05% $15k+
0.35%*$250k*-Business Checking Account
OTHER TIERS: 0.05% Up to $25k | 0.20% $25k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k
0.05%--Checking Account

Baylands Federal Credit Union CD Rates

1.76%$500-45 Month Share Certificate Special
1.76%$500-Business 45 Month Share Certificate Special
1.56%$500-60 Month CD
1.55%$500-Business 60 Month CD
1.26%$500-48 Month CD
1.25%$500-Business 48 Month CD
1.06%$500-15 Months Special CD
1.06%$500-Business 15 Month Special CD
1.00%$500-36 Month CD
1.00%$500-Business 36 Month CD
0.60%$500-24 Month CD
0.60%$500-Business 24 Month CD
0.40%$500-12 Month CD
0.40%$500-Business 12 Month CD
0.25%$500-6 Month CD
0.25%$500-Business 6 Month CD

Baylands Federal Credit Union IRA Rates

1.56%$500-60 Month IRA
1.26%$500-48 Month IRA
1.00%$500-36 Month IRA
0.60%$500-24 Month IRA
0.40%$500-12 Month IRA
0.25%$500-6 Month IRA

Baylands Federal Credit Union Locations
Branch Office2004 MAIN STREETWEST POINT, VA 23181
Branch Office7031 Richmond RdWilliamsburg, VA 23188-7214