Same Wheels, Better Deals
Summer Special
This summer, Baylands Family Credit Union wants to put money back in your wallet to help you and your family have more funds for Summer fun. We are excited to offer a limited-time 1%* rate discount, $50 Visa Gift Card**, and no payment for up to 60 days when refinancing an auto loan from another financial institution!
Why refinance with Baylands Family Credit Union?
Tremendous Savings
Enjoy the potential significant savings of a lower monthly payment with our limited-time 1% discount on your qualifying auto loan rate.
Seamless Transfer
Making the switch is EASY! Our knowledgeable staff will guide you through a hassle-free process to bring your auto loan to BFCU, ensuring a smooth and efficient transition.
Quick and Easy Application
Applying is simple, and our staff are here to help!
And if approved, NO PAYMENT FOR UP TO 60 DAYS.
Scan the QR Code to apply now online.
Now is the time to refinance – take advantage of this special limited-time offer!
*Offer valid from June 1, 2024 to August 31, 2024. Membership eligibility is required. Subject to credit approval. Current auto loans with BFCU are not eligible for refinance with this promotion and no other available discounts can be applied. Offer available on 2020 to 2024 model vehicles. The Offer and terms can change or be revoked at any time. Federally insured by NCUA. **$50 Visa Gift Card is available while supplies last.
2024 Credit Union Youth Month
Youth Month Contest Winners!
In April, like many Credit Unions, we celebrated Youth Month. Baylands once again held a fun coloring contest and had some special rewards for those 17 or younger who opened new youth accounts. BFCU Youth Month is a great opportunity for kids of all ages to become part of the Baylands Family, open their first savings account, or obtain their first debit card. If you’re a parent or grandparent interested in helping a child start their financial journey with a BFCU Youth account, contact a Member Service Representative today.
Congratulations to Howard P. and Kai A.
Upcoming Events
JUNE 2024
Frames of Hope
Eyeglass Collection
JULY 2024
Credit Confidence Seminar
July 13th
Baylands Anthem LemonAid Drive
AUGUST 2024
Taste of New Kent
August 3rd
Classroom Champions
Supply Drive
Free Credit Seminar
Credit Confidence
Your credit score can affect your ability to achieve various financial goals, including renting an apartment, obtaining a credit card or car loan, purchasing a new phone, buying insurance, or owning a home.
We are partnering with Thrive Virginia to offer a free seminar featuring two local certified credit experts who will provide valuable insights and guidance to help you understand and improve your credit. During the seminar, we will address your important questions.
Join us for this informative event and enjoy light refreshments while learning how to build or improve your credit to meet your financial goals. The seminar is free, and everyone is welcome to attend. While there is no obligation, we kindly ask that you RSVP to secure your place. Please use the QR Code, email or phone number to reserve your spot.
WHEN
Saturday - July 13, 2024
10:00 am - 12:00 pm
WHERE:
King & Queen Family C.A.R.E. Center
4460 E Lewis B Puller Mem Hwy
Shacklefords, VA 23156
RSVP
KandQFamilyCare@thriveva.org 804-551-9189
CU in the Community
People Helping People
Community involvement is a natural extension of the Credit Union cooperative spirit — people helping people in communities served. At Baylands we strive to give our time and resources to help our communities be better places to live, work, and play. Here are a few pictures of your credit union staff involved with different community events in the first half of 2024.
Staff Spotlight
Meet Melissa
Meet Melissa Ayers, a Financial Service Specialist at our West Point Branch. She has been with Baylands for 9 years and truly treasures the bonds and connections made while helping members.
When not at work, Melissa enjoys the "Art of Crafting," channeling her creative energy into different mediums such as sewing, woodworking, and painting.
When asked what she enjoyed most about her work at Baylands, Melissa said, "Making dreams come true, for example, helping young adults through the process of their first car loan."
Phone Teller System Update
We have updated our Phone Teller system to enhance our automated banking experience for our members.
You'll find our Phone Teller service to be user-friendly, enabling you to quickly manage your routine banking tasks.To access this service, please call 888-843-2490.
Baylands Luv My Debit Card Summer Sweepstakes
WIN BIG
Each month use your Baylands Visa debit card for a chance to win 1 of 3 mystery prizes! Simply make 12 transactions in a month with your physical or digital card (Apple Pay, Google Pay, Samsung Pay) during June, July and August to qualify.
3 Lucky Winners Each Month!
*Offer is valid for selected debit card transactions. Entries are received once 12 debit card transactions are posted to a qualifying member's account each month during the promotional time of June 1, 2024, through August 31, 2024. Drawings will be held on July 3, 2024, August 5, 2024, and September 4, 2024 and winners will be notified by July 8, 2024, August 12, 2024, and September 9, 2024. Purchases must occur as Signature, Credit, or PIN-based transactions. ATM-related transactions are not qualifying transactions. Cash advances are not qualifying transactions. Winners will be selected at random. Employees, Board Members, and their immediate family members are exempt from the offer. Offer open only to Baylands Family Credit Union members who are U.S. legal residents and 18 years of age or older. Sweepstakes is exempt where prohibited or restricted by law. No purchase necessary. Sweepstakes is subject to all applicable federal, state, and local laws. See official rules for additional information on alternate method of entry and odds of winning.
Mortgage Q & A
What is Escrow?
As you progress towards owning a home, you may come across the term “escrow.” But, what does it mean? Simply put, it's a budgeting tool that's built into your mortgage payment. As a homeowner, it's important to plan ahead for taxes and insurance costs. An escrow account helps by averaging these annual costs and including them in your monthly payment without any extra effort on your part. With each mortgage payment, money is deposited into an escrow account for taxes and homeowner’s insurance. When taxes and insurance are due, the mortgage department uses the funds from the account to pay the county treasurers and insurance companies.
At Baylands, we understand that market adjustments happen, which is why we conduct an escrow analysis on each BFCU mortgage annually, based on the mortgage loan anniversary date. The Analysis reviews the current escrow balance, plus expected deposits and expected expenses (taxes and insurance) for the upcoming year, and determines how the escrow should be adjusted.
We want to keep you informed of any adjustments or increases and reassure you that your mortgage escrow has been reviewed. After all, the best part of any escrow is the peace of mind that comes with knowing your taxes and insurance have been paid. If you have questions about the escrow status on your current mortgage, contact a member of the Baylands Home Team today.
Good People in Your Corner
Did you know that Baylands has a group of volunteers who help guide the success of the credit union? These volunteers selflessly dedicate their time and expertise to help the credit union focus on doing what’s right for members.
These passionate volunteers serve either on the Board of Directors or the Supervisory Committee. The Board following the Federal Credit Union Act and our bylaws monitors Credit Union operations and helps establish organizational goals. Members of the Supervisory Committee help provide oversight of the financial health of the Credit Union and ensure member assets are well protected.
We truly appreciate the time and effort our volunteers put in to help Baylands prosper. If you are interested in being part of the future success of the Credit Union, please reach out to a local
Branch Manager/Supervisor for more information.