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EIN 54-0314180

Bayport Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
596
City
Newport News
State
Virginia
Year formed
1928
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Bayport Credit Union provides affordable financial services to its members, including loan relationships, depository services, credit cards, and internet banking at convenient locations. Their mission is to provide affordable loans to over 16,000 members during the year, with many of the individuals unable to obtain such loans from other financial institutions. They also offer excellent service provided by professionals. Additionally, Bayport Credit Union is located in Newport News, VA.
Related structure
Bayport Credit Union is a child organization, under an unknown parent.
Also known as...
Newport News Shipbuilding Employees Credit Union; Bay Port Cu
Total revenues
$114,363,682
2022
Total expenses
$99,781,444
2022
Total assets
$2,286,817,396
2022
Num. employees
596
2022

Program areas at Bayport Credit Union

To provide affordable loans to over 16,000 members during the year. Many of the individuals would not have been able to obtain such loans from other financial institutions. In addition, the Credit Union provided depository services to members providing branches, on-line banking, financial counseling services, home buying and retirement seminars, financial education, scholarships and numerous other related services. The Credit Union's membership consists primarily of indivudals in the hampton roads area and includes many individuals generally not recruited for services at larger financial institutions.

Personnel at Bayport Credit Union

NameTitleCompensation
James MearsPresident and Chief Executive Officer / Chief Executive Officer / SR.VP and Chief Operating Officer / Senior Vice President and Operations / SP and Operations$526,045
Jim MearsChief Executive Officer
Jennifer CoyneChief Operations Officer / Chief Operating Officer / Vice President and Business Banking / Vice President Business Servic / Vice President and Business Services$234,401
Godfrey SmithChief Financial Officer / Vice President and Finance$248,241
Denise McRobertsVice President and Chief Information Officer / Cto and Vice President Information Technology$231,520
...and 19 more key personnel

Financials for Bayport Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$106,387,526
Investment income and dividends$8,308,354
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-332,198
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$114,363,682

Form 990s for Bayport Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2018-122020-01-14990View PDF
2017-122019-02-21990View PDF
...and 8 more Form 990s

Organizations like Bayport Credit Union

OrganizationLocationRevenue
ValleyStar Credit UnionMartinsville, VA$35,715,444
University of Virginia Community Credit Union (UVACC)Charlottesville, VA$51,224,047
Virginia Credit UnionRichmond, VA$269,593,613
DuPont Community Credit Union (DCCU)Waynesboro, VA$68,512,991
Silver State Schools Credit UnionLas Vegas, NV$49,927,446
Superior Choice Credit Union (SCCU)Superior, WI$30,905,234
Westmark Credit UnionIdaho Falls, ID$56,814,454
First Commerce Credit UnionTallahassee, FL$49,452,473
APCO Employees Credit UnionBirmingham, AL$88,615,377
First Community Credit Union of HoustonHouston, TX$98,421,005
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 11, 2024
Updated personnel
Identified 1 new personnel
December 28, 2023
Used new vendors
Identified 4 new vendors, including , , , and
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
1 Bayport Way 350
Newport News, VA 23606
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
Website URL
bayportcu.org/ 
Phone
(757) 928-8850
Facebook page
bayportcu 
Twitter profile
@bayport_cu 
IRS details
EIN
54-0314180
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1928
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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