Sep, 30, 2025 — BAYPORT CREDIT UNION (BAYPORT CU) is a federal credit union headquartered in NEWPORT NEWS, VA with 29 branch locations and about $2.72 billion in total assets. Opened 98 years ago in 1928, BAYPORT CREDIT UNION (BAYPORT CU) has about 156,892 members and employs 509 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAYPORT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 BayPort Way Ste 350 NEWPORT NEWS, VA 23606-4571 |
| Phone: | (757) 928-8850 |
| Fax: | |
| Website: | https://www.bayportcu.org |
| Branches: | 29 branch locations |
| Members: | 156,892 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24979 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,715,906,644 |
| CEO/Manager: | James B Mears |
| Chairperson: | Maureen H Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,801,561 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,229,107,939 |
| Unsecured Loans | 245,056,394 |
| Other Loans | 718,406,658 |
| TOTAL LOANS | 2,192,690,114 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,793,633 |
| Land And Building | 50,288,929 |
| Other Fixed Assets | 10,659,268 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 20,017,817 |
| All Other Assets | 1,861,846 |
| TOTAL ASSETS | 2,715,906,644 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 125,000,000 |
| Accounts Payable & Other Liabilities | 24,086,083 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 425,353,102 |
| Regular shares | 544,874,782 |
| All Other Shares & Deposits | 1,314,000,750 |
| TOTAL SHARES & DEPOSITS | 2,284,228,633 |
| TOTAL LIABILITIES | 2,433,314,716 |
| Regular Reserve | 0 |
| Other Reserves | 101,193,387 |
| Undivided Earnings | 181,398,541 |
| TOTAL EQUITY | 282,591,928 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,715,906,644 |
| INCOME & EXPENSE | |
| Loan Income | 106,024,862 |
| Investment Income | 9,087,197 |
| Other Income | 12,443,996 |
| Total Employee Compensation & Benefits | 37,476,885 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 40,854,876 |
| Non-operating Income & (Expense) | 676,253 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,975,000 |
| Cost of Funds | 33,561,153 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,215,964 |
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