Newsletter - July 2020

A Big Thank You

Changes are On the Summer Breeze

It is a bittersweet moment for me as I write my final Chris’s Corner in our member newsletter. After serving Baylands Family Credit Union for 14 years, I am excited to announce my retirement. I have enjoyed being a part of the Baylands Leadership team all these years and leave you in great hands.

Teresa Millis, NCCO, NMLA who currently serves as our Lending Services & Marketing Manager will become the President/CEO.  Teresa has been a part of the Baylands Staff and Leadership Team since 2007 and has over 25 years of experience in nearly every area of the credit union industry.  She is excited to take on this new role within Baylands, and I am certain she will do a wonderful job in her new position.

I would like to thank each of you for the opportunity to serve as your President.  It has been my pleasure to assist you and to be a part of such a wonderful organization.  I would also like to thank the Board of Directors and staff, who are the best group of people I’ve been lucky enough to work alongside.  They are so dedicated to our membership, and I’ve truly valued my time with all of them.  I look forward to spending my time in retirement on things I hold near and dear to my heart, and I wish the Credit Union continued growth and prosperity.

Chris Burgess, CEO

Baylands is on Mobile

You can access your account 24/7 using mobile banking, online banking, and network ATMs!

Ask us today about accessing your accounts remotely if you have not yet enrolled.

CU Home Advantage
INTRODUCING A NEW REAL ESTATE REWARDS PROGRAM FOR BAYLANDS MEMBERS
Baylands Family Credit Union is making buying or selling a home even more rewarding for our members.  CU Home Advantage® is a new real estate benefits program now available to you as a Baylands member!

When you use CU Home Advantage®, you can receive 20% of the real estate professional's commission as a cash rebate within 30 days after mortgage closing.  Plus, take advantage of other great bonuses like these and many more:

Start Your Pre-Qualification Today!

Our Mortgage team is available to get you started... Call today at 804-843-2520 ext. 127 or email us at mortgage@baylandsfcu.org. Make your home purchase or sale easier, more affordable, and put extra money in your pocket.  It's a WIN-WIN!

For security purposes, please do not include account numbers or other sensitive information when communicating via email.

The CU Home Advantage® program is made available to you through a relationship between Baylands Family Credit Union and CU Members Mortgage, a division of Colonial Savings, F.A. NMLS# 401285. 1. Participating retailers subject to change without notice. 2. Program rebates are awarded by Altair Global Relocation to buyers and sellers who select and use a real estate agent in the CU Home Advantage® network. Home buyers or sellers are not eligible for rebates if they use an agent outside this network. Cash rebate amounts are dependent on the commissions paid to the agent. Altair Global Relocation may have specific rules on how your cash rebates will be paid out. CU Home Advantage® program is available in all 50 states, however, some state laws prohibit real estate rebates in whole or in part. Please consult with your credit union to get details that may affect you. Rates, terms, and conditions are subject to change and may vary based on credit worthiness and qualifications. All loans subject to approval. Membership eligibility required. A Prime Share Account (membership) with a minimum deposit is required upon loan approval. For further details, please contact a Mortgage Specialist. This credit union is insured by the National Credit Union Administration. Equal Housing Lender.

Make Transfers Conveniently - As Many Times As You Need

Recently, the Federal Reserve made a change in regulations (12 C.F.R. § 204.2 of Regulation D) to help make it quicker and easier to access your money during these unprecedented times.

NO MORE LIMITS ON MONTHLY TRANSFERS WITHIN YOUR BAYLANDS ACCOUNTS.

Effective May 1, 2020, in accordance with Federal Reserve Regulation D, Baylands Family Credit Union has discontinued the limit of 6 non-in person (convenient) transfers in a statement period from a share savings account.

These accounts include:
• Share savings accounts
• Secondary share savings accounts
• Share investment accounts

Have questions?  Please call any of our Member Service

Holiday Closings

  • Independence Day: Friday - July 4, 2020 & Saturday - July 5, 2020
  • Labor Day: Monday - September 7, 2020

We're Here to Help with Financial Counseling
Your household finances are unique to you. Kimberly Allen, our financial counselor is here to help you create a plan to reach your financial goals.

She will meet with you one-on-one to  review your credit report, track expenses, develop a budget and help you implement and manage your  action plan.

Tap. Snap. Done.

MAKE A DEPOSIT FROM OUR MOBILE APP