Baylands Family Credit Union

Overview / Commentary
2004 Main Street
West Point, VA 23181

Baylands Family Credit Union is headquartered in WEST POINT and is the 47th largest credit union in the state of Virginia. It is also the 1,798th largest credit union in the nation. It was established in 1946 and as of December of 2020, it had grown to 31 employees and 6,107 members at 4 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

Reviews (2)

Dont Use This Bank

Posted by: |

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: |

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 Family Credit Union has a relatively low asset base.

Health Grade Components

NCUA #68686
Year Chartered1946
Primary Regulator
Profit Margin
Return on Assets - YTD-0.22%
Return on Equity - YTD-3.05%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$95.3MM$85.3MM
LoansQ4 2020vs Q4 2019$48.5MM$53.3MM
DepositsQ4 2020vs Q4 2019$88.1MM$78.4MM
Equity CapitalQ4 2020vs Q4 2019$6.9MM$6.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$300.00K$254.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$800.00K$741.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$322.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Baylands Family Credit Union Savings Account Rates

0.20%*$75k*-Share Investment Accounts
OTHER TIERS: 0.10% $2k - $20k | 0.15% $20k - $75k
0.20%*$75k*-Business Share Investment Accounts
OTHER TIERS: 0.10% $2k - $20k | 0.15% $20k - $75k
0.10%--IRA Account
0.05%$5-Share Savings Account
0.05%--Vacation Club Account
0.05%--Christmas Club Account

Baylands Family Credit Union Checking Account Rates

0.75%*-$15kGrow Green Checking
OTHER TIERS: 0.05% $15k+
0.10%*$100k*-Business Checking Account
OTHER TIERS: 0.05% Up to $100k
0.05%--Checking Account

Baylands Family Credit Union CD Rates

0.60%$500-Business 60 Month CD
0.50%$500-60 Month CD
0.45%$500-Business 48 Month CD
0.40%$500-48 Month CD
0.40%$500-Business 36 Month CD
0.35%$500-36 Month CD
0.35%$500-Business 24 Month CD
0.30%$500-24 Month CD
0.30%$500-Business 12 Month CD
0.25%$500-12 Month CD
0.25%$500-Business 6 Month CD
0.20%$500-6 Month CD

Baylands Family Credit Union IRA Rates

0.50%$500-60 Month IRA
0.40%$500-48 Month IRA
0.35%$500-36 Month IRA
0.30%$500-24 Month IRA
0.25%$500-12 Month IRA
0.20%$500-6 Month IRA

Baylands Family Credit Union Locations
Corporate Office2004 MAIN STREETWEST POINT, VA 23181
Branch Office7031 Richmond RdWilliamsburg, VA 23188-7214
Branch Office7119 Jefferson Davis HwyNorth Chesterfield, VA 23237
Branch Office2111 Pocahontas TrlQuinton, VA 23141-1634

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