Sep, 30, 2025 — BAYLANDS FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in WEST POINT, VA with 3 branch locations and about $91.41 million in total assets. Opened 80 years ago in 1946, BAYLANDS FAMILY CREDIT UNION has about 5,652 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAYLANDS FAMILY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2004 MAIN STREET WEST POINT, VA 23181 |
| Phone: | (804) 843-2520 |
| Fax: | (804) 843-4859 |
| Website: | https://www.baylandsfcu.org |
| Branches: | 3 branch locations |
| Members: | 5,652 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68686 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $91,411,603 |
| CEO/Manager: | Teresa P Millis |
| Chairperson: | Joseph F Drexler III |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,665,495 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,584,176 |
| Unsecured Loans | 5,574,739 |
| Other Loans | 26,960,233 |
| TOTAL LOANS | 50,480,392 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -663,447 |
| Land And Building | 2,280,464 |
| Other Fixed Assets | 493,822 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 802,388 |
| All Other Assets | 7,828 |
| TOTAL ASSETS | 91,411,603 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 77,299 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 409,093 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,654,632 |
| Regular shares | 33,199,651 |
| All Other Shares & Deposits | 28,939,244 |
| TOTAL SHARES & DEPOSITS | 82,793,527 |
| TOTAL LIABILITIES | 83,280,419 |
| Regular Reserve | 0 |
| Other Reserves | 332,299 |
| Undivided Earnings | 7,798,885 |
| TOTAL EQUITY | 8,131,184 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,411,603 |
| INCOME & EXPENSE | |
| Loan Income | 2,364,140 |
| Investment Income | 562,770 |
| Other Income | 413,474 |
| Total Employee Compensation & Benefits | 1,164,778 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,434,280 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 196,889 |
| Cost of Funds | 541,140 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 369,489 |
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