Newsletter - July 2025

Shift Into Savings

2.50% Annual Percentage Rate Discount

This summer, Baylands Family Credit Union is turning up the heat on savings and cooling off your car loan rate! We're making it easier (and more rewarding) than ever to refinance your auto loan from another lender.

Here’s what you’ll get:
✅ 2.50% Rate Discount*
✅ $50 Visa Gift Card
✅ No Payments for up to 60 Days

That’s more money in your pocket for beach days, road trips, and backyard BBQs.
Quick & Easy ApplicationWe make applying simple—and if approved, you’ll skip payments for up to 60 days.

Don’t Miss Out!
This offer won’t last forever—refinance now and make this summer your most affordable one yet.

Visit baylandsfcu.org or call us at 804-843-2520 today!

  • Lower Monthly Payments
    Save big with our 2.50% rate discount.
  • Easy Transfer
    Our team ensures a hassle-free switch.
  • Quick Application
    Apply now and pay nothing for up to 60 days.
*APR = Annual Percentage Rate. This offer is valid from June 1, 2025, to August 31, 2025, subject to credit restrictions & approval. Existing auto loans with BFCU cannot be refinanced under this promotion, and no other discounts apply. Offer available for 2020 to 2025 model vehicles. Offer only applies to your qualifying rate with BFCU. BFCU 2.50% discount offer is meant to save you money, but will not go below the floor rate of 4.50% APR.  Example: $10,000 auto loan for 60 months at 6.50% APR will result in a monthly payment of $195.70. A Prime Share account (membership) with a minimum deposit of $5 is required upon loan approval. Federally insured by NCUA. Interest accrues at the origination date and disbursement of loan. **$50 Visa Gift Card is available while supplies last.

Funds Availability Disclosure

Update Effective: 07/01/2025

The following information describes Baylands Family Credit Union’s policy of making funds deposited in a Share Account (also known as a "transaction account") available to you for withdrawal immediately. This is what is called a Funds Availability Policy. Generally, transaction accounts are accounts,which would permit an unlimited number of payments by check or other order to third persons, and also an unlimited number of telephone and preauthorized transfers to third persons, or other accounts you may have with us.

Your Ability to Withdraw Funds. Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

Determining Availability of Deposits. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and
Credit Union observed holidays. If you make a non-ATM deposit before close of business on a day that we are open, we will consider that to be the day of your deposit. However, if you make a non-ATM deposit after the closing of business or on a day we are not open, we will consider that the deposit was made on the next business day we are open. If you make an ATM deposit before close of business on a business day that we are open, we will consider that to be the day of your deposit. However, if you make an ATM deposit after the closing of business or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Our hours of operation and closing times are available from the credit union and posted in our lobby.

Please be aware, however, that all deposits are subject to proof and verification and if you deposit a check, draft or other non-cash item, which is returned for non-payment for any reason, you authorize us to charge your account for the amount of those funds and we may charge your account without providing prior notice.

Same Day Availability. Funds from the following types of deposits will be made available on the same day as we receive them:

Electronic Deposits: All deposits that are made electronically.

Deposits Made in Person: Deposits of the following items made in person to one of our employees at our office: Cash, State and local government checks that are payable to you if the Financial Institution is in the same state as the payor of the check., Cashier’s, Certified, and Teller’s checks that are payable to you, Federal Reserve Bank checks, Federal Home Loan Bank checks, U.S. Postal Service money orders, and traveler’s checks, if payable to you.

Other Deposits: The following other types of deposits:
U.S. Treasury checks that are payable to you, Wire Transfers, Checks drawn on this Credit Union, Payroll Checks, Pension/ Dividends Checks

Other Check Deposits Availability – Case by Case Delays. There may be delayed availability of funds from some checks that are deposited into your accounts. Your deposits may be made available immediately by the Credit Union, however, in some cases, we will not make all of the funds that you deposit by check available to you on the same business day that we receive your deposit. Funds may not be available until the second business day after the date of your deposit and some checks deposited may not be available until the fifth business day after the deposit. Nonetheless, if all of your deposit is not made available on the same business day of the deposit, the first $275.00 of your deposit will be available on the same day of your deposit. If we are not going to make all of the funds from your deposit available on the same business day, we will notify you at the time you make your deposit. We will also let you know when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the next business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. During any delay, you may not withdraw the funds in cash and Baylands Family Credit Union will not use the funds to pay checks that you have written. The length of delay is counted in business days from the day of your deposit, including every day except Saturdays, Sundays and federal holidays. A deposit is considered received when it is accepted at one of our branch offices with all appropriate endorsements. A deposit accepted while our data processing system is not online will be considered received when the transaction is posted in the Baylands Family Credit Union records.

Longer Delays May Apply. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. However the first $275.00 of your deposits will be available on the first business day. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit.We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

  • We believe a check you deposit will not be paid (e.g., missing or altered information, invalid endorsements, or notice from the paying Financial Institution).
  • You deposit checks totaling more than $6,725.00 on any one (1) Calendar Day.
  • You redeposit a check that has been returned unpaid.
  • You have overdrawn your account repeatedly in the last six months.
  • There is an emergency, such as failure of computer or communications equipment interrupting business operations.
  • Your deposits are drawn on foreign financial institutions or foreign entities.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit, unless your deposits are drawn on foreign financial institutions or foreign entities, which are exempt from the policies outlined in this disclosure. We reserve the right to refuse any item for deposit.

Deposits at Automated Teller Machines. The first $275.00 from any deposit (cash or local checks) made into your account at ATMs owned or operated by Baylands Family Credit Union will be available on the first business day after we receive your deposit. The excess over $275.00 from such deposits (cash or local checks) will not be available until the second business day after the day of your deposit and funds from all other checks may be delayed until the fifth business day. If you make a deposit at an ATM after business office hours, after deposits have been retrieved for the day, or on a day that our offices are not open, we will consider the deposit made on the next business day we are open.

The first $275.00 from any deposits (cash or checks) made at ATM s not owned by Baylands will be available on the first business day after we receive the deposit. The excess over $275.00 from such deposits may not be available until the fifth business day after the day of your deposit.

All ATMs that we own or operate are identified as our machines.

Deposits in Non-transaction Accounts. Regulation CC does not apply to non-transaction or savings deposits; therefore, there is no maximum time frame within which the proceeds of savings deposits must be made available for withdrawal. Our general policy for check holds on non-transaction accounts is to follow the same guidelines used for transaction accounts, although we reserve the right to impose longer holds if deemed necessary.

We will notify you if we delay your ability to withdraw funds for any reason, and we will tell you when the funds will be available.

Holds on Other Funds (Check Cashing). If we cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available had you deposited it.

Holds on Other Funds (Other Account). If we accept for deposit a check that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately, but delay your ability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Check Endorsements. Federal law requires a proper endorsement on checks to be placed on the back left side of the check within a 1 & ½ inch area. If you fail to properly endorse a check, further delays in processing will be incurred or, the check may be rejected for deposit.

Special Rules for New Accounts. If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from an electronic direct deposit to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers and the first $6,725 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, applicable state, and local government checks will be available on the first Business Day after the day of deposit if the deposit meets certain conditions. Other checks may be subject to a 9 business day hold. The amount of the deposit in excess of $6,725.00 shall be available for withdrawal not later than the ninth business day following the banking day on which funds are deposited. Further delays may apply to checks drawn on foreign entities.

Large deposits. The availability of funds provisions in this disclosure do not apply to the aggregate amount of deposits by one or more checks to the extent that the aggregate amount is in excess of $6,725.00 on any one business day. For customers that have multiple accounts at the credit union, the credit union may apply this exception to the aggregate deposits to all accounts held by the member, even if the member is not the sole holder of the accounts and not all of the holders of the accounts are the same.

Questions. In case you have any questions regarding our Funds Availability Policy, please contact us at: Baylands Family Credit Union, PO Box 392, West Point, VA 23181 Phone: (888) 843-2520

Travel Smarter

Spend Smarter - 5 Quick Tips for Summer Trips

  1. Set a Travel Notice 
    Use CARD CONTROL to set a travel alert or let us know where you’re headed to keep your debit card working seamlessly while you’re on vacation.
  2. Use Mobile Banking 
    Check balances, freeze debit cards with CARD CONTROL, and get alerts—right from your phone.
  3. Pack a Backup
    Bring a second card or a little cash in case of emergencies.
  4. Skip Public Wi-Fi for Banking 
    Avoid logging into your accounts on random café Wi-Fi—use data or a secure network.
  5. Watch for Skimmers & Scams
    Stick to trusted ATMs and be alert for vacation rental or travel phishing scams.

Questions while traveling? Send us a message via our mobile app or call us at 804-843-2520.

Community Corner

As summer begins, we're turning our focus to empowering young minds through reading.

In partnership with Child Development Resources (CDR), we're working to improve childhood literacy in our community because reading builds confidence, unlocks opportunities, and lays the foundation for lifelong success.

Join us in supporting the "Spread the Words" Summer Book Drive and help put more books— and more possibilities— into the hands of children.

Summer Fun

Need Extra Cash for Summer Plans? Check Out Our Personal Loan Special!

Our Baylands Summer Fun loan offers up to $3,000 with flexible repayment terms and a 3% discount* on our already low personal loan rates.

*APR = Annual Percentage Rate. This offer is valid from June 1, 2025, to August 31, 2025, subject to credit restrictions & approval. Payment example: $3000 personal loan for 30 months at 10% APR will result in a monthly payment of $113.45. A Prime Share account (membership) with a minimum deposit is required upon loan approval. Federally insured by NCUA. 

Summer Jobs = Summer Savings

BFCU Youth Accounts

Is your teen starting their first summer job? It’s a big milestone—and the perfect time to teach them the value of smart money management. At Baylands Family Credit Union, we make it easy with youth accounts designed to support young earners and future savers.

Why Parents Love Our Youth Checking Account:

Direct Deposit Made Simple
Paychecks go straight into their account—no lost checks, no trips to the branch.

Real-World Money Skills
From tracking spending in the mobile app to using a debit card responsibly, your teen gets hands-on experience with money, backed by parental oversight.

Set Savings Goals
Open a secondary savings account and encourage them to set aside money for a future goal - a car, college, or pair of expensive headphones. It’s a great way to build lifelong habits early.

Local Support from People You Trust
Our team is here to help every step of the way—with friendly guidance and online resources to help your teen grow into a confident money manager.

Summer jobs are just the beginning. Help your teen turn their first paycheck into a foundation for financial success.

Upcoming Events

For more details, check out the News & Announcements section at baylandsfcu.org.

JUNE 2025
Homeownership Month
BFCU+MoneyEDU Homeownership Challenge
Spread The Words: Summer Book Drive

July 2025
Spread The Words: Summer Book Drive
July 25 - I LOVE MY CREDIT UNION DAY
Share The Love & Win Contest
Flip Flops & First $5!

AUGUST 2025
Spread The Words: Summer Book Drive
Flip Flops & First $5!

Holiday Closings

INDEPENDENCE DAY
Friday - July 4, 2025

LABOR DAY
Monday - September 1, 2025