Overview / Commentary
804-843-2520
2004 Main Street
West Point, VA 23181

Baylands Family Credit Union is headquartered in WEST POINT and is the 51st largest credit union in the state of Virginia. It is also the 1,823rd largest credit union in the nation. It was established in 1946 and as of June of 2018, it had grown to 38 employees and 6,445 members at 2 locations. Baylands Family Credit Union's CD rates are 2X the national average, and it has a B 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.



Health
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 Family Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #68686
Year Chartered1946
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.23%
Return on Equity - YTD2.98%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2018$81.4MM
LoansQ2 2018$56.4MM
DepositsQ2 2018$74.0MM
Equity CapitalQ2 2018$6.0MM
Loan Loss AllowanceQ2 2018$259.00K
Unbacked Noncurrent LoansQ2 2018$668.00K
Real Estate OwnedQ2 2018$62.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Baylands Family 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.

Baylands Family Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$50k*-Share Investment Accounts
OTHER TIERS: 0.80% $2k - $10k | 0.90% $10k - $50k
1.00%*$50k*-Business Share Investment Accounts
OTHER TIERS: 0.80% $2k - $10k | 0.90% $10k - $50k
0.45%--IRA Account
0.10%--Share Savings Account
0.10%--Christmas/Vacation Club Account

Baylands Family Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*-$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 Family Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%$500-60 Month CD
2.63%$500-Business 60 Month CD
2.43%$500-48 Month CD
2.43%$500-Business 48 Month CD
2.32%$500-36 Month CD
2.32%$500-Business 36 Month CD
2.22%$500-20 Month Share Certificate Special
2.22%$500-Business 20 Month Share Certificate Special
2.12%$500-24 Month CD
2.12%$500-Business 24 Month CD
1.81%$500-12 Month CD
1.81%$500-Business 12 Month CD
1.00%$500-6 Month CD
1.00%$500-Business 6 Month CD

Baylands Family Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%$500-60 Month IRA
2.43%$500-48 Month IRA
2.32%$500-36 Month IRA
2.12%$500-24 Month IRA
1.81%$500-12 Month IRA
1.00%$500-6 Month IRA
Locations


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

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