Newsletter - October 2021

Fall in Love with Baylands!

As we move into Fall and school is now back in full swing, we hope all of our Baylands families had the chance to enjoy the great outdoors, get some R&R, and are ready for a prosperous and safe school year!

Great news! Our credit union was recently recognized for its local financial literacy initiatives in partnership with Thomas Nelson Community College. These efforts won Baylands Family 1st place - Desjardins Financial Education Award in Adult Education for the state of Virginia and now makes us eligible to compete on the national level with other credit unions of similar asset size. You can find more information about this achievement on page 2!

Helping our local communities continued throughout the summer. The credit union motto of “People Helping People” has always been part of who we are at Baylands Family Credit Union and I couldn’t be prouder of all the charitable efforts our staff and members continue to support and volunteer for. I sincerely thank everyone who was involved or donated.

We have great rates right now on autos, home loans and credit cards that can save you money. Be sure to check out our Fall in Love specials highlighted throughout this newsletter. There is so much to love about your credit union so be sure to tell your family & friends!

Teresa Millis, CEO

Baylands Wins First Place in Adult Financial Education

Baylands Family Credit Union has always understood the importance of financial literacy!

It is this passion for teaching and leading others that earned Baylands the Desjardins Financial Education Award for the state of Virginia this year. Baylands is being recognized for its recent innovative community partnership with local community college Thomas Nelson. Baylands has been working with the Trio program at the college, developing informative content to ensure young adults gain a firm grasp of various financial topics via in-person sessions and pivoting to virtual presentations during the pandemic.

Baylands Family Credit Union is now eligible for national honors which will be announced by the Credit Union National Association in November.

All of us at Baylands Family Credit Union recognize the importance of financial literacy for all ages. We believe financial literacy is truly the foundation of leading a healthy financial life.  Whether you’re 8 or 80, we can all keep learning and growing in this particular area which is why we put such an emphasis on it here at Baylands.” - Teresa Millis, President/CEO of Baylands FCU

Staff Spotlight - Tammy Blake

Tammy is a 19 year veteran of Baylands and serves as the credit union's Accounting Clerk. She helps process account debits and credits along with assisting members with fraud disputes. She says that everyday brings new challenges and unique problems to solve to best help members.

Did You Know?

Tammy learned how to play the piano as a child, and is always seeking new and unique recipes to cook.

Holiday Closings

Columbus Day 
Monday - October 11, 2021

Veteran’s Day
Thursday - November 11, 2021

Thanksgiving Day 
Thursday - November 25, 2021

Christmas
Friday - December 24, 2021

Fall in Love with the Road Trip Again

Loveable Auto Loans - Rates as low as 1.99%APR. 

  • New or Used 
  • Purchase or Refinance 
*APR=Annual Percent Rate.  Rates as of 7/1/21. Rates, terms and conditions are subject to change and may vary based on credit worthiness and qualifications. All loans subject to approval. Payment example: $10,000 auto loan for 60 months at 3.75% APR will result in a monthly payment of $183.07. Membership eligibility required. A Prime Share account (membership) with a minimum deposit is required upon loan approval. See a Member Service Specialist for more details. This credit union is federally insured by the National Credit Union Administration.
 

Helping our Local Communities

This summer Baylands focused its charitable efforts on two distinctly worthy charitable causes. Using great teamwork and support from members and staff, we surpassed the initial goals set for both campaigns.

The first campaign was the “Baylands Summer of Sight” which started in June and ended in August. Each branch set up displays in their lobby to draw attention and encourage members to bring in old eyeglasses and readers to donate to James City County & New Kent County Lions Clubs and VSP Global.  Altogether we collected over 300 pairs of eyeglasses and readers that will help give some deserving folks the gift of sight. 

In July came the next campaign, “Baylands LemonAid Days” a continuing partnership with Anthem to raise money and support families fighting childhood cancer at the local Children’s Hospital VCU. A new element of the LemonAid Days is virtual challenges. Did you enjoy seeing Baylands staff taking on the LemonAid challenges? Check out our YouTube channel to see Baylands staff taking on the various challenges. Baylands staff had a lot of fun with LemonAid this year, and collectively the credit union established a new milestone raising $1,124.00 for the cause.

Take a Bite Out of Debt this Holiday Season!

The holidays are fast approaching and along with it is the potential to overspend buying gifts for friends and family. Here are some simple tips to help you stick to a budget and take a bite out of holiday debt this season.

  1. Set a budget and stick to it. As you shop, refer to your budget often to make sure you’re staying within its limits.
     
  2. Use credit cards wisely. If you like the convenience of credit cards, charge only what you can afford to pay off each month.
     
  3. Sometimes the gifts that mean the most cost the least. You don’t have to spend a ton of money to buy a present your family or friends will love. Personalized yet economic gifts from online sites like Etsy, are a great option.
     
  4. Combine sales with online discounts. The holiday seasonis filled with sales and online discount coupons. Often you can combine the two to get great deals on the items on your list.

The Holiday Helper Loan 

Let us help make your holidays happier.

  • Borrow up to $2,500.
  • Cut your rate by 2.5%APR*.
  • Repay in 25 months.
*APR = Annual Percentage Rate. Credit restrictions apply. See credit union for details. Rates are based on credit worthiness so your rate may differ. All loans subject to approval. Promotion begins on November 1, 2021 and ends on December 31, 2021. Payment example: $2500 personal loan for 25 months at 5.50% APR will result in a monthly payment of $106.07. A Prime Share account (membership) with a minimum deposit is required upon loan approval. This credit union is federally insured by the National Credit Union Administration.
 

Fall in Love with Your Home Again

A Home Equity Line of Credit Can Help
Special Introductory Low Rates. Call Today!

The Gift of Membership

The holiday season is a wonderful time for families to get together and share traditions and memories. It's also a great opportunity to share thoughtful gifts. So with your family members gathered ’round this holiday season and amid all the merrymaking, take an opportunity to discuss the enduring benefits of joining the Baylands Family.  To learn more about us, visit our website at baylandsfcu.org or call 888-843-2520. Share the joy
of membership today!