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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Bayport Credit Union

Bayport Credit Union

Fiscal year ending 2020. Filed on November 15, 2021.

One Bayport Way 350
Newport News, Virginia 23606

Bayport Credit Union (EIN: 54-0314180) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Bayport Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 10 out of 563 total employees. Among the employees shown here, the average compensation is $260,871. The highest compensated employee at Bayport Credit Union is James Mears with fiscal year 2020 compensation of $482,105.

Revenue, expenses, and employee compensation

Revenue

$95,027,195

Expenses

$91,742,438

Employee compensation

$37,164,526
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Mears
Chief Executive Officer
$482,105
$455,286 No related comp$26,819
Stanley Leicester
Executive Vice President
$393,492
$376,516 No related comp$16,976
Godfrey Smith
Chief Financial Officer
$241,736
$219,706 No related comp$22,030
Ira Williams
Vice President, Member Experience
$236,170
$214,140 No related comp$22,030
Jennifer Coyne
Chief Operating Officer
$231,847
$216,275 No related comp$15,572
Denise McRoberts
Chief Information Officer
$218,939
$210,180 No related comp$8,759
Susan Fernaays
CXO
$217,751
$208,758 No related comp$8,993
Wendy Brown
Chief Human Resources Officer
$214,473
$197,497 No related comp$16,976
Nancy Porter
Vice President, Marketing
$194,592
$185,833 No related comp$8,759
Mark Wilson
Vice President Electronic/Mbr
$177,608
$176,678 No related comp$930

Benchmark Employee Compensation

Non-Employee Board Members

Dinetta D Hill
Director
George C Wiatt Jr
Director
Jennifer M Miller
Secretary and Treasurer
Lemeshia Steele
Director
Mary A Campbell
Director
Mary Cullen
Director
Maureen Davis
Vice Chair
Nancy P Hill
Director
Pamela J Rowe
Vice Chair
Ray C Bagley
Assistant Secretary
Suzanne M Beckstoffer
Chair
Theodore L Stewart
Director

Contractors

Alm First Financial Advisors
Investment Management
$163,329
Tommy Garner
HVAC and Heating
$129,821
Kaufman & Canoles
Legal
$100,351

Mission Statement

THE CREDIT UNION PROVIDED AFFORDABLE LOANS TO OVER 16,000 MEMBERS DURING THE YEAR. MANY OF THE INDIVIDUALS WOULD NOT HAVE BEEN ABLE TO OBTAIN SUCH LOANS FROM OTHER FINANCIAL INSTITUTIONS. IN ADDITION, THE CREDIT UNION PROVIDED DEPOSITORY SERVICES TO MEMBERS PROVIDING BRANCHES, ON-LINE BANKING, FINANCIAL COUNSELING SERVICES, HOME BUYING AND RETIREMENT SEMINARS, FINANCIAL EDUCATION, SCHOLARSHIPS AND NUMEROUS OTHER RELATED SERVICES. THE CREDIT UNION'S MEMBERSHIP CONSISTS OF PRIMARILY INDIVIDUALS IN THE HAMPTON ROADS AREA AND INCLUDES MANY INDIVIDUALS GENERALLY NOT RECRUITED FOR SERVICES AT LARGER FINANCIAL INSTITUTIONS.

Revisions to this organization profile

November 14, 2025:
2024 Bayport Credit Union 990 filed
November 14, 2024:
2023 Bayport Credit Union 990 filed
November 13, 2023:
2022 Bayport Credit Union 990 filed

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