BayPort Credit Union:

BayPort Credit Union was chartered in 1928 and its charter number is 61330. The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country. BayPort Credit Union's address registered with the NCUA is 3711 HUNTINGTON AVENUE, NEWPORT NEWS, VA 23607. As of 10/20/06 BayPort CU reported $941,446,436 in assets. The credit union currenly has 95,240 members. It's Manager/CEO is George R. Dudley Jr.. The credit unions website is www.bayportcu.org. BayPort Credit Union is a member of the Virginia Credit Union League.


Mortgage Options

BayPort Credit Union offers competitive fixed or adjustable rates, New Home Loans, as well as home equity loans. You have a wide variety of options so you can pick the home loan that best meets your needs. Fixed Rate home loans provide guaranteed monthly payment amounts for a pre-determined period of time. BayPort CU offers great rates if you're buying or refinancing a home with a Conventional, VA and FHA home mortgage. BayPort Offers a full range of fixed rate equity loans and variable rate lines of credit including lines of credit with a fixed rate option. Adjustable Rate loans offer a very low rate that stays fixed for three to ten years, then converts to an adjustable rate. This may make the difference in being able to afford your first home, or to move up to a bigger or better home, without giving up the security of a fixed payment during the first years of the mortgage.


BayPort Credit Union Financial Evaluation

As of December 31, 2004
Total Assets: $863,007,186.00
Total Loans: $481,803,732.00
Net Worth Ratio: 13.53
% Share Growth: 3.05
% Loan Growth: 10.35
Loans/Assets Ratio: 55.82
Loans/Assets Ratio: 40.29
Numbers of Members: 71,921
Number of Full-time Employees: 255.5
 
As of December 31, 2005
Total Assets: $921,848,217.00
Total Loans: $602,387,478.00
Net Worth Ratio: 13.46
% Share Growth: 0.35
% Loan Growth: 25.02
Loans/Assets Ratio: 65.34
Loans/Assets Ratio: 30.1
Numbers of Members: 87919
Number of Full-time Employees: 277.5
 
As of December 31, 2006
Total Assets: $933,708,818.00
Total Loans: $673,907,285.00
Net Worth Ratio: 13.93
% Share Growth: 4.84
% Loan Growth: 11.81
Loans/Assets Ratio: 72.17
Loans/Assets Ratio: 22.79
Numbers of Members: 93,239
Number of Full-time Employees: 292.5
 
 

 
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