Overview
What is Bayport Credit Union?
Bayport Credit Union is a nonprofit financial institution located primarily in the Hampton Roads area of Virginia, with a membership of over 16,000 individuals. Their mission is to provide affordable financial services, including loans, depository services, financial counseling, and education, to individuals who may not have been able to access these services from larger financial institutions. Offering convenient branches, online banking, credit cards, retirement seminars, scholarships, and numerous other related services, the credit union's professional team is committed to excellent customer service. With 596 employees, Bayport Credit Union extends a helping hand to its community, enabling members to improve their financial well-being.
Official website here: www.bayportcu.org
Is Bayport Credit Union legitimate?
Bayport Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Bayport Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,656,409
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,521,840
For more financial information, click here
What is the mission statement of Bayport Credit Union?
Bayport Credit Union is dedicated to offering affordable financial services to its members. They provided loans to over 16,000 individuals during the year, many of whom would have struggled to secure such loans from other financial institutions. In addition to loans, the credit union offers depositery services, credit cards, internet banking, financial counseling, home buying seminars, retirement seminars, financial education, scholarships, and numerous other related services. The credit union's membership primarily consists of individuals who are not typically served by larger financial institutions.
Official website here: www.bayportcu.org
Who is the CEO of Bayport Credit Union?
Jennifer Coyne is the Coo of Bayport Credit Union. The CEO's salary of Bayport Credit Union is $526,045 and their total compensation is $526,045.
Official website here: www.bayportcu.org
What is the revenue of Bayport Credit Union?
Who are the executives of Bayport Credit Union and what are their salaries?
The average compensation at Bayport Credit Union during 2022 was $47,279. There are 596 employees and 11 volunteers at Bayport Credit Union.
Here are 21 key members and their salaries (Bayport Credit Union's CEO's salary is $526,045 and their total compensation is $526,045):
- James Mears (President/Ceo)
- Stanley Leicester (Evp)
- Mark Mcknight (Finanial Services Rep)
- Godfrey Smith (Cfo)
- Jennifer Coyne (Coo)
- Susan Fernaays (Cxo)
- Denise Mcroberts (Cio)
- Ira Williams (Vp Member Exp)
- Wendy Brown (Chro)
- Nancy Porter (Vp Marketing)
- Pamela J Rowe (Vice Chairman) [Trustee/Director]
- Craig Holley Jr (Asst Secretary) [Trustee/Director]
- Suzanne M Beckstoffer (Vice Chairman) [Trustee/Director]
- Maureen Davis (Chairman) [Trustee/Director]
- Mary Cullen (Director)
- Lemeshia Steele (Director)
- Jennifer M Miller (Secretary/Treas) [Trustee/Director]
- Ray C Bagley (Director)
- George C Wiatt Jr (Director)
- Dinetta D Hill (Director)
- Thomasina R Wright (Director)
Official website here: www.bayportcu.org
Where can I find the form 990 for Bayport Credit Union?
The Bayport Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.bayportcu.org
Learn more at the official website: www.bayportcu.org
Mission Statement of Bayport Credit Union
Bayport Credit Union, a financial institution dedicated to affordability, extended loan opportunities to over 16,000 members throughout the year. These individuals otherwise would have faced difficulties obtaining loans from other financial institutions. The credit union's extensive range of services included depository services, online banking, financial counseling sessions, home buying seminars, retirement planning workshops, financial education, scholarships, and numerous other related offerings.
Bayport Credit Union's primary mission was to provide affordable financial services to its members, encompassing loan relationships, deposit services, credit cards, and internet banking. These services were made accessible through professional staff that offered excellent customer service. The credit union specifically targeted individuals in the Hampton Roads area who were not typically recruited for services at larger financial institutions.
Impact
This information is meant to be a general summary of Bayport Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Bayport Credit Union's impact lies in providing affordable loans and essential financial services to over 16,000 members, many of whom may not have had access to such opportunities through traditional financial institutions. By offering branches, online banking, financial counseling, home buying and retirement seminars, scholarships, and other related services, Bayport Credit Union plays a crucial role in the Hampton Roads area, serving individuals who are often overlooked by larger financial institutions. Through its mission of offering affordable financial services and fostering strong member relationships, Bayport Credit Union creates a significant public benefit in its community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND CHARGES
Revenue
$13,825,335
LOAN INTEREST
Revenue
$75,518,719
MISCELLANEOUS
Revenue
$17,043,472
Organization Details
Founding Year
1928
Phone
(757) 928-8850
Principal Officer
Jennifer Coyne
Main Address
ONE BAYPORT WAY 350, NEWPORT NEWS, VA, 23606
Website
www.bayportcu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Bayport Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.