Fiscal year ending 2022. Filed on November 13, 2023.
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 2022 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 596 total employees. Among the employees shown here, the average compensation is $277,185. The highest compensated employee at Bayport Credit Union is James Mears with fiscal year 2022 compensation of $526,045.
Revenue
Expenses
Employee compensation
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.
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