Our History

Built 95 Years Ago

2023

BayPort wins two CUNA Diamond Awards for creative excellence in marketing
BayPort celebrates grand opening of Portsmouth branch relocation
BayPort Foundation awards $100,000 in scholarships to 8 working adults, 11 college students, and 19 high school seniors
20 Winners awarded $75,000 in BayPort’s Debt Paydown Sweepstakes
BayPort introduces Get My Rate loan technology to improve local community financing
BayPort opens 5th Virginia Beach branch, Little Neck

All We Do is Win, Win, Win

Jim Mears accepting CUNA Marketing Award

2022

Portsmouth Schools Federal Credit Union closes; BayPort assumes loans, assets, and shares
BayPort opens 4th Virginia Beach branch, Lynnhaven Parkway
BayPort wins industry CUNA marketing award for checking campaign
Forbes’ Best-In-State Ranks BayPort #1 in Virginia
BayPort Foundation celebrates awarding $100,000 in tuition assistance to 2022 scholarship recipients
Three leading Newport News corporations launch $500,000 Accelerating Change Together Grant
BayPort named #1 for financial education in Virginia
$500,000 ACT Grant awarded to fund new Virginia Beach City Public Schools Renewable Energy Technologies Program

Celebrating Big Industry Honors

2021

Three new branches open in Gloucester, Chesapeake, and Virginia Beach
BayPort wins three CUNA Diamond Awards for marketing campaigns, financial education
BayPort cultivates financial wellness with a smarter credit score solution
BayPort celebrates 60 years, awarding more than $1 million in scholarship assistance
BayPort named one of Forbes’ Best-In-State Credit Unions 2021
BayPort announces winners of 3rd annual $50,000 Debt Paydown Sweepstakes
BayPort wins top industry awards in community giving, financial education, and member service

New Challenges, Lots of Growth

2020

BayPort renews focus on financial education through an app that pays users to learn
BayPort donates $150,000 to five local organizations to help the Hampton Roads community cope with the COVID-19 pandemic
BayPort helps local businesses through the CARES ACT Paycheck Protection Program, funding $50 million in loans, and saving hundreds of local jobs.
BayPort announces winners of $50k Debt Paydown Sweepstakes
BayPort awards scholarships to 16 college students, working adults, and 24 high school seniors
BayPort wins four awards in 2020 Social Responsibility Awards sponsored by VACUL & CUNA

Stronger Than Ever

2019

BayPort increases college tuition scholarship program from $78,000 to $90,000
James B. Mears named Chief Executive Officer, the fifth CEO in BayPort’s 91-year history
25th branch location opens in North Suffolk

90 Years Later

2015

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

Brightening Financial Futures

2011

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

New Century, New Name

2000

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

A New Era in Tech

1996

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.

Expanding in the 80s