About Us

Credit unions are different.  They're a place where each member has a story, and it's more about their dreams than their credit scores.  That's why the customers are called members, the benefits are inclusive, and the relationships are truly genuine.

Bay Atlantic Federal Credit Union is a member owned, not-for-profit, full service financial institution. We have been providing quality services since 1939. We serve the employees of more than 100 local businesses.

Mission Statement

Bay Atlantic Federal Credit Union is a member-owned and controlled, not-for-profit, financial organization dedicated to serving our members' financial needs. Our members will receive quality services at competitive rates and fair, efficient and courteous attention. In the Credit Union Spirit, we will promote unity and will operate with sound management and policies in order to ensure long term financial stability.

Philosophy & Structure

Credit unions are democratically owned and controlled institutions based on 'people helping people' principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on share savings, lower loan rates and lower cost services.