Overview / Commentary
757-928-8850
1 Bayport Way Ste 350
Newport News, VA 23606

Bayport Credit Union is headquartered in Newport News and is the 9th largest credit union in the state of Virginia. It is also the 144th largest credit union in the nation. It was established in 1928 and as of June of 2018, it had grown to 382 employees and 140,958 members at 27 locations. Bayport Credit Union's money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Bayport Credit Union is open to those who live, work, volunteer, attend school, or worship in the following: (1) the cities of Chesapeake, Franklin, Hampton, Newport News, Norfolk, Poqouson, Portsmouth, Suffolk, Virginia Beach, or Williamsburg in Virginia; (2) the counties of Gloucester, Isle of Wight, James City, Mathews, Southampton, Surry, or York in Virginia or the counties of Currituck or Gates in North Carolina. Also available to join are immediate family and household members.
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Reviews (3)

Love Them!

Posted by: poqbum | Nov 10, 2011

They TRULY have your best interest in mind.

I've done a lot of research before choosing this credit union. It is the best credit union for the hampton roads area. Fee free ATM's are all over the place, they're more frequent than any other bank ATM. It offers very nice online banking features and mobile banking features as well as many other completely free services. Fees are far less than banks (they would be lower but our government has made laws to prevent them to, otherwise banks couldn't compete).

They have free rewards programs and often have givaways to members (currently 2 contests, $10,000 and a $1,000 to random bayport members who use their debit card / online services)

Bottom line: You will save money if you bank with them, and if you're lucky maybe even get a little rich. They are very helpful and are extremely prompt and quick to responding to any question or loan request. They have tools and are very helpful with managing your budget and money if you need the help.

I'll be staying with them as long as possible.

I was previously with a larger bank who stabbed me with ridiculous fees (I found 4 faulty overdraft fees over a span of 3 months, which were later fixed after 22 days and hours worth of customer service) not to mention limited benefits from banking with them. It seems almost obvious that the 4 fault overdraft fees were not mistakes, and right then I decided I wasn't going to bank with them any longer. Bayport outdoes them by a long shot.

Fantastic Credit Union

Posted by: Anonymous | Nov 8, 2011

They have a mobile app, you can use any credit union ATM for free, and those ATM's are everywhere. Online banking is easy. They constantly have some sort of giveaway contest, fast response via phone or web chat support. Great all around, no complaints at all.

Unnecessary Fees

Posted by: Kmcclees | Dec 26, 2015

I opened a checking and saving account in 2010 cause my mom had history there having an account for years with no problem and things were going great at first with no issue. I even had a nice savings in my savings account. The staff was very friendly! but then over a bit a time later I stop depositing into my checking account but unbeknownst me when I when to withdrawal from my savings they took it all! When I went to find out they gave me some child's excuse saying it was because I haven't been putting anything into my checking account! they even had the nerve to say that if I put anything into my checking now they would take about $50 of it! This bank runs on Unnecessary Fees!!



Health

Health Grade Components

Overall
NCUA #61330
Year Chartered1928
Employees382
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.11%
Annual Interest Income$32.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.79B$1.57B
LoansQ2 2018vs Q2 2017$1.27B$1.17B
DepositsQ2 2018vs Q2 2017$1.36B$1.32B
Equity CapitalQ2 2018vs Q2 2017$191.3MM$179.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$10.7MM$8.1MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$7.8MM$8.7MM
Real Estate OwnedQ2 2018vs Q2 2017$2.9MM$4.0MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bayport 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.

Bayport Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$500Fast Start Savings
OTHER TIERS: 0.25% $2k+ | 3.00% $500 - $2k
0.30%$100-IRA Savings
0.25%*$2k*-Savings
OTHER TIERS: 0.15% $100 - $2k
0.25%*$2k*-Vacation Club Account
OTHER TIERS: 0.15% $100 - $2k
0.25%*$2k*-Christmas Club Account
OTHER TIERS: 0.15% $100 - $2k

Bayport Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%*$100k*-Pinnacle Money Market
OTHER TIERS: 0.30% $2.5k - $10k | 0.35% $10k - $25k | 0.50% $25k - $50k | 0.75% $50k - $100k
0.45%*$50k*-Money Market
OTHER TIERS: 0.30% $2.5k - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k

Bayport Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-Investment Checking
OTHER TIERS: 0.20% $2.5k - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k
0.10%*$1k*-Classic Checking
OTHER TIERS: 0.05% $500 - $1k

Bayport Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$2.5k-54 Month Premier Share Certificate Special
3.00%$2.5k-54 Month Select Share Certificate Special
2.95%$2.5k-54 Month Preferred Share Certificate Special
2.69%$2.5k-54 Month Share Certificate Special
2.65%$2.5k-29 Month Select Share Certificate Special
2.65%$2.5k-29 Month Premier Share Certificate Special
2.60%$2.5k-29 Month Preferred Share Certificate Special
2.34%$2.5k-29 Month Share Certificate Special.
2.30%*$100k*-19 Month Premier Share Certificate Special
OTHER TIERS: 2.15% $2.5k - $100k
2.30%*$100k*-19 Month Select Share Certificate Special
OTHER TIERS: 2.15% $2.5k - $100k
2.25%*$100k*-19 Month Preferred Share Certificate Special
OTHER TIERS: 2.10% $2.5k - $100k
2.05%*$100k*-11 Month Premier Share Certificate Special
OTHER TIERS: 1.90% $2.5k - $100k
2.05%*$100k*-11 Month Select Share Certificate Special
OTHER TIERS: 1.90% $2.5k - $100k
2.00%*$100k*-11 Month Preferred Share Certificate Special
OTHER TIERS: 1.85% $2.5k - $100k
2.00%*$100k*-19 Month Share Certificate Special
OTHER TIERS: 1.85% $2.5k - $100k
1.91%$1k-60 Month Premier Share Certificate
1.91%$1k-60 Month Select Share Certificate
1.86%$1k-60 Month Preferred Share Certificate
1.74%*$100k*-11 Month Share Certificate Special
OTHER TIERS: 1.59% $2.5k - $100k
1.60%$1k-60 Month Share Certificate
1.51%$5k-25 Month Flex Share Certificate
1.51%$5k-25 Month Flex Preferred Share Certificate
1.51%$5k-25 Month Flex Premier Share Certificate
1.51%$5k-25 Month Flex Select Share Certificate
1.50%$1k-36 Month Premier Share Certificate
1.50%$1k-36 Month Select Share Certificate
1.50%$1k-48 Month Premier Share Certificate
1.50%$1k-48 Month Select Share Certificate
1.45%$1k-36 Month Preferred Share Certificate
1.45%$1k-48 Month Preferred Share Certificate
1.26%$1k-24 Month Premier Share Certificate
1.26%$1k-24 Month Select Share Ceriticate
1.26%$1k-30 Month Premier Share Certificate
1.26%$1k-30 Month Select Share Certificate
1.21%$1k-24 Month Preferred Share Certificate
1.21%$1k-30 Month Preferred Share Certificate
1.20%$1k-36 Month Share Certificate
1.20%$1k-48 Month Share Certificate
1.11%$1k-18 Month Premier Share Certificate
1.11%$1k-18 Month Select Share Certificate
1.06%$1k-12 Month Premier Share Certificate
1.06%$1k-12 Month Select Share Certificate
1.06%$1k-18 Month Preferred Share Certificate
1.00%$1k-12 Month Preferred Share Certificate
0.95%$1k-24 Month Share Certificate
0.95%$1k-30 Month Share Certificate
0.90%$1k-6 Month Premier Share Certificate
0.90%$1k-6 Month Select Share Certificate
0.85%$1k-6 Month Preferred Share Certificate
0.80%$1k-18 Month Share Certificate
0.75%$1k-12 Month Share Certificate
0.60%$1k-6 Month Share Certificate
0.55%$1k-91 Day Premier Share Certificate
0.55%$1k-91 Day Select Share Certificate
0.50%$1k-91 Day Preferred Share Certificate
0.25%$1k-91 Day Share Certificate

Bayport Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-54 Month Select IRA Special
3.00%$1k-54 Month Premier IRA Special
2.95%$1k-54 Month Preferred IRA Special
2.69%$1k-54 Month IRA Special
2.65%$1k-29 Month Premier IRA Special
2.65%$1k-29 Month Select IRA Special
2.60%$1k-29 Month Preferred IRA Special
2.34%$1k-29 Month IRA Special
2.30%*$100k*-19 Month Premier Share IRA Special
OTHER TIERS: 2.15% $1k - $100k
2.30%*$100k*-19 Month Select Share IRA Special
OTHER TIERS: 2.15% $1k - $100k
2.25%*$100k*-19 Month Preferred Share IRA Special
OTHER TIERS: 2.10% $1k - $100k
2.05%*$100k*-11 Month Select IRA Special
OTHER TIERS: 1.90% $1k - $100k
2.05%*$100k*-11 Month Premier IRA Special
OTHER TIERS: 1.90% $1k - $100k
2.00%*$100k*-11 Month Preferred IRA Special
OTHER TIERS: 1.85% $1k - $100k
2.00%*$100k*-19 Month Share IRA Special
OTHER TIERS: 1.85% $1k - $100k
1.91%$500-5 Year Select IRA
1.91%$500-5 Year Premier IRA
1.86%$500-5 Year Preferred IRA
1.74%*$100k*-11 Month IRA Special
OTHER TIERS: 1.59% $1k - $100k
1.60%$500-5 Year IRA
1.50%$500-3 Year Select IRA
1.50%$500-4 Year Select IRA
1.50%$500-3 Year Premier IRA
1.50%$500-4 Year Premier IRA
1.45%$500-3 Year Preferred IRA
1.45%$500-4 Year Preferred IRA
1.26%$500-2 Year Select IRA
1.26%$500-2 Year Premier IRA
1.21%$500-2 Year Preferred IRA
1.20%$500-3 Year IRA
1.20%$500-4 Year IRA
1.06%$500-1 Year Select IRA
1.06%$500-1 Year Premier IRA
1.00%$500-1 Year Preferred IRA
0.95%$500-2 Year IRA
0.75%$500-1 Year IRA
Locations

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