Our History
Throughout BayPort Credit Union’s history, we’ve played a significant role in the growth, security, and well-being of the Virginia peninsula and surrounding community.
Timeline
February 26
BayPort is Born
Originally established as the Newport News Shipbuilding & Dry Dock Company Employees’ Credit Union, BayPort begins operations.
February 26
Grow, Grow, Grow
1930 – Adds members by the thousands
1935 – Joins newly organized Virginia Credit Union League
1940 – BayPort steadily increases assets to over $250,000
February 26
Assets Accumulate
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
February 26
BayPort Booms & Builds
1961 – Scholarship program begins
1962 – $10 million in assets & membership reaches 16,000
1963 – 1st branch location opens in Newport News, 37th St
1964 – Over 80% of shipyard employees enrolled in payroll deduction
1967 – Embraces the future; converts to full computer operations
February 26
Groovin’ Into Another Decade
1973 – 25,000 members strong
1977 – 2nd branch location opens in Newport News, 50th St
1978 – BayPort celebrates 50 years & $50 million in assets
February 26
Expanding in the 80s
1983 – 3rd branch location opens in Newport News, Denbigh
1984 – BayPort hits $100 million in assets & 100,000 accounts
1986 – 4th branch location opens in Hampton
1989 – BayPort introduces ATM services
February 26
A New Era in Tech
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.
February 26
New Century, New Name
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
February 26
Brightening Financial Futures
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
February 28
90 Years Later
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
Learn more about BayPort...
We’ve always got good news.
Download our latest newsletter and browse recent articles, press releases, and announcements.
Join the BayPort family.
Grow professionally, personally, and enjoy the unique satisfaction of helping your neighbors.
Footer
