Over $100,000 in scholarships & grants.

With education expenses on the rise, BayPort gives to help students, teachers, and parents in funding educational pursuits. After you’ve secured assistance, we offer Student Choice Loans to help cover additional education costs.

Beard/Bennett Memorial Scholarship

Scholarship awarded annually to six high school seniors. Winners receive a $6,000 scholarship ($1,500 awarded each year for four years to an accredited college or university).

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Directors Scholarship

$1,500 one-time scholarship awarded annually to seven full-time undergraduate or graduate members currently enrolled in an accredited college or university, trade or vocational school.

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SRCU Tuition Scholarship

$1,000 one-time scholarship awarded annually to high school seniors currently enrolled in BayPort’s Student-Run Credit Union (SRCU) program.

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Tuition Booster Scholarship

$1,000 one-time scholarship awarded annually to six full-time working professionals currently enrolled in an accredited college or university full or part-time.

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Wiatt Memorial Apprentice School Scholarship

Awarded to Apprentice School graduates still employed by or on educational leave from Newport News Shipbuilding who wish to pursue full or part-time study at an institution of higher education toward completion of an associate, baccalaureate, or graduate degree. Up to three scholarships will be presented for a total of $2,000. Applications must be turned in to the Apprentice School Admissions Office.

Apply for this scholarship (PDF)

Application deadline for the 2019/2020 school year is April 12.

Grants to support teachers.

We understand K-12 educators have a huge impact on challenging and motivating our students to succeed. To assist teachers with the financial aspect of creating new and innovative programs to engage our youth, BayPort offers grants valued up to $1,000 each for the school year.

Apply for grant

School credit union programs that are fun & student-run.

BayPort has 50 Student-Run Credit Unions (SRCU) inside local elementary, middle, and high schools. We partner with schools to host savings days and educational programs, and open a fully functioning BayPort branch inside the building. Students operate the branch as tellers, and receive hands-on experience learning and performing all duties from accepting applications to processing deposits. The branch serves as a convenient place for students and faculty to bank.

Start Your SRCU

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Reward$ for smart students.

A specially designed program to reward student members for practicing smart money management skills, making good grades, and community involvement. Students can redeem these virtual coins for great merchandise such as BayPort swag, gift cards, museum tickets, and more. (Students are allowed to accumulate up to 100 coins.)

  • Deposits of at least $10 = 1 coin
    (maximum 2 coins per month)
  • Annual Report Cards/Progress Reports:
    Report card submission regardless of grades = 10 coins
  • Annual Activity Report = 10 coins per year

You might also be interested in...

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Fast Start Savings

For members 24 and under

More on savings accounts ▸

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Teen Rewards Checking

For members 13-17

More on checking accounts ▸

(757) 928-8850 · (800) 928-8801

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.

Our website contains links to websites owned and operated by third parties. If you use these links, you leave our website. BayPort Credit Union has no control over the contents of such linked websites or third parties, and is not responsible for these websites, their content, or availability.

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