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

1928 original BayPort Board of Directors

BayPort is Born

Originally established as the Newport News Shipbuilding & Dry Dock Company Employees’ Credit Union, BayPort begins operations.

February 26

1936 charter note

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

1955 annual report

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

1968 honeywell equipment

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

1970s first branch office

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

1986 first ATM

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

1990 new market

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

celebrating 75 years

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

student run credit union

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

BayPort celebrates 90 years

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

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BayPort Way corporate headquarters

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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

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