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BayPort Credit Union history
BayPort Credit Union company history timeline
1935 – Joins newly organized Virginia Credit Union League
1952 – BayPort begins the decade with $1 million in assets
1954 – Introduces payroll deduction, loan protection, and life savings insurance coverage
1958 – Closes the decade with $3 million in assets
1961 – Scholarship program begins
1963 – 1st branch location opens in Newport News, 37th St
1977 – 2nd branch location opens in Newport News, 50th St
1978 – BayPort celebrates 50 years & $50 million in assets
1983 – 3rd branch location opens in Newport News, Denbigh
1986 – 4th branch location opens in Hampton
1989 – BayPort introduces ATM services
1996 – They’re online, folks! BayPort gets a website; Celebrates $500 million in assets; 5th branch opens in Newport News, Hidenwood
1997 – Mergers with Chessie Credit Union & 6th branch opens in Newport News, Newmarket
1998 – 7th branch opens in Smithfield; President Clinton signs the Credit Union Membership Act, making millions of Americans eligible to participate in credit unions.
2000 – 8th branch opens in Yorktown, Grafton
2003 – BayPort celebrates 75 years with over 75,000 members & $750 million in assets
2004 – 9th branch opens in Suffolk
2005 – 10th branch opens in Chesapeake
2006 – 11th branch opens in Gloucester
2007 – Changes name to BayPort Credit Union & 12th branch opens in Williamsburg
2008 – 13th branch opens in Newport News, City Center
2009 – $1 billion in assets
2011 – Credit union merger with Smithfield Packing & 14th branch opens
2012 – Merger with TCU opens 15th branch in Virginia Beach, Holland Road
2013 – 16th branch opens in Hampton, Fox Hill
2014 – Credit union mergers with Hampton Roads Postal, Chesapeake City Employees, and Hampton City Employees Credit Union; 17th & 18th branches open in Chesapeake, Battlefield & Great Bridge; 19th & 20th branches open in Hampton, Big Bethel & Hampton City; Student-Run Credit Union program launches
2015 – 21st branch opens in Chesapeake, South Battlefield & 22nd branch opens in Norfolk
2016 – 23rd branch opens in Virginia Beach, Providence Road & 24th branch location opens in Newport News, Brooks Crossing
2017 – Exceeds $1.5 billion in assets
2018 – BayPort celebrates 90 years! Grows Student-Run Credit Union program to 50 inside local elementary, middle, private and high schools across Hampton Roads
2020 – BayPort donates $150,000 to five local organizations to help the Hampton Roads community cope with the COVID-19 pandemic.
Newly established in 2021, the BayPort Foundation is a nonprofit 501(c)(3) charity that focuses on philanthropic efforts promoting wellness and financial literacy education.
2021 – Three new branches open in Gloucester, Chesapeake, and Virginia Beach.
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BayPort Credit Union competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Belco Community Credit Union | 1939 | $20.8M | 50 | 5 |
| Arizona Federal | 1936 | $170.0M | 550 | 2 |
| VIKING FINANCIAL CORP | - | $7.1M | 30 | - |
| 1st Advantage Federal Credit Union | 1951 | $12.0M | 150 | 10 |
| Empower Federal Credit Union | 1939 | $66.4M | 120 | - |
| SAFE Federal Credit Union | 1955 | $29.0M | 200 | - |
| Altura Credit Union | 1957 | $1.9M | 50 | 4 |
| Reliant Community Federal Credit Union | 1970 | $17.8M | 100 | 9 |
| Extra Credit Union | 1954 | $10.1M | 85 | - |
| Pen Air Federal Credit Union | 1936 | $25.0M | 50 | 7 |
BayPort Credit Union history FAQs
Zippia gives an in-depth look into the details of BayPort Credit Union, including salaries, political affiliations, employee data, and more, in order to inform job seekers about BayPort Credit Union. The employee data is based on information from people who have self-reported their past or current employments at BayPort Credit Union. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by BayPort Credit Union. The data presented on this page does not represent the view of BayPort Credit Union and its employees or that of Zippia.
BayPort Credit Union may also be known as or be related to BAYPORT CREDIT UNION, BAYPORT CU, BayPort Credit Union and Bayport Credit Union.