Baylands Federal Credit Union

BayLands Federal Credit Union operates under a community charter approved by the National Credit Union Administration. The charter allows BayLands to serve persons living, working, worshiping, or attending school in the counties of Essex, Middlesex, Mathews, Gloucester, King & Queen, King William, New Kent and James City.

Membership can also be extended to immediate family members of current BayLands FCU members. This immediate family structure includes your direct family.

BayLands Federal Credit Union (formerly known as Chesapeake Employees' Federal Credit Union) was formed by a group of nine employees of what was then known as Chesapeake Corporation of Virginia, in West Point, Virginia, January 22, 1946. From these nine charter members, we have grown to over 6,100 members with assets of over $79,000,000. Their goal was, and still is, to provide a means through which employees could pool their savings, borrow from this common pool and in turn increase their savings by having the interest paid on loans returned to them in the form of dividends.

BayLands is an organization owned by and operated for the mutual benefit of all its members (not for profit, but for service). No outside organization has any part in the ownership or direction of your credit union--it belongs to the members. You actually own a part of your financial institution.