New Challenges, Stronger Than Ever
90 Years Later, Lots of Growth!
As a force of nature, BayPort merged with multiple credit unions, including Smithfield Packing, Hampton Roads Postal, Chesapeake City Employees, and Hampton City Employees Credit Union, expanding its reach and community impact. The Student-Run Credit Union program was launched in 2014, and we celebrated 90 years of growth in 2018, exceeding $1.5 billion in assets. James B. Mears was named Chief Executive Officer, the fifth CEO in BayPort’s 91-year history.
A New Era in Tech, New Century, New Name
The digital revolution was embraced as bayportcu.org went online in 1996. The 1998 Credit Union Membership Act was a masterstroke, making millions of Americans eligible to participate in credit unions, culminating in a jubilant 75th anniversary with over 75,000 members. By 2007, the name change to BayPort Credit Union was more than just a rebranding; it boasted 20 locations and $1 billion in assets.
Booming, Groovin’, and Expanding!
The golden years were here! With the launch of its scholarship program in 1961, BayPort took people helping people to the next level. Its first branch opened in Newport News, followed by a celebration of 50 years and $50 million in assets, boasting 25,000 members. By the close of the 80s, BayPort had quadrupled its branches and introduced cutting-edge ATM services, making banking easier and more accessible for its members.