Overview / Commentary
Baylands Family Credit Union is headquartered in WEST POINT and is the 48th largest credit union in the state of Virginia. It is also the 1,904th largest credit union in the nation. It was established in 1946 and as of March of 2025, it had grown to 30 employees and 5,678 members at 3 locations. Baylands Family Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Baylands Family Credit Union is open to those who live, work, worship, attend school, or volunteer in the Virginia counties of Chesterfield, Essex, Gloucester, James City, King & Queen, King William, Mathews, Middlesex, or New Kent.
See current membership details
Health
B
Data as of Q1 2025
Learn why bank health mattersAdditional 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 Chartered | 1946 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 3.81% |
| Annual Interest Income | $908K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $92.4MM$91MM |
| Loans | Q1 2025vs Q1 2024 | $47.9MM$48.7MM |
| Deposits | Q1 2025vs Q1 2024 | $84.4MM$85MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.5MM$5.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $621K$621K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $558K$508K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |