NEWPORT NEWS, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BAYPORT CREDIT UNION, founded in 1928, is a mid-sized nonprofit that reported $93.3M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $82.6M left a modest 11% surplus.
THE CREDIT UNION PROVIDED AFFORDABLE LOANS TO OVER 16,000 MEMBERS DURING THE YEAR. MANY OF THE INDIVIDUALS WOULD NOT HAVE BEEN ABLE TO OBTAIN SUCH LOANS FROM OTHER FINANCIAL INSTITUTIONS. IN ADDITION, THE CREDIT UNION PROVIDED DEPOSITORY SERVICES TO MEMBERS PROVIDING BRANCHES, ON-LINE BANKING, FINANCIAL COUNSELING SERVICES, HOME BUYING AND RETIREMENT SEMINARS, FINANCIAL EDUCATION, SCHOLARSHIPS AND NUMEROUS OTHER RELATED SERVICES. THE CREDIT UNION'S MEMBERSHIP CONSISTS OF PRIMARILY INDIVIDUALS IN THE HAMPTON ROADS AREA AND INCLUDES MANY INDIVIDUALS GENERALLY NOT RECRUITED FOR SERVICES AT LARGER FINANCIAL INSTITUTIONS.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $152,756,668 | $114,363,682 | +0.3% |
| Expenses | $127,432,775 | $99,781,444 | +0.3% |
| Net Income | $25,323,893 | $14,582,238 | +0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES MEARS | PRESIDENT/CEO | 40.00 |
|
$552,573 | $22,408 | $574,981 |
| STANLEY LEICESTER | EXECUTIVE VP | 40.00 |
|
$394,784 | $0 | $394,784 |
| GODFREY SMITH | EXEC VP/CFO | 40.00 |
|
$302,765 | $0 | $302,765 |
| JENNIFER COYNE | EXEC VP/COO | 40.00 |
|
$290,656 | $0 | $290,656 |
| SUSAN FERNAAYS | CHIEF EXPERIENCE OFFICER | 40.00 |
|
$243,462 | $0 | $243,462 |
| DENISE MCROBERTS | CHIEF INFO OFFICER | 40.00 |
|
$243,171 | $0 | $243,171 |
| IRA WILLIAMS | CHIEF RETAIL OFF | 40.00 |
|
$236,388 | $0 | $236,388 |
| WENDY BROWN | CHIEF HR OFFICER | 40.00 |
|
$229,598 | $0 | $229,598 |
| NANCY PORTER | VP MARKETING | 40.00 |
|
$212,325 | $0 | $212,325 |
| TONYA EDWARDS | VP BUSINESS BANKIN | 40.00 |
|
$209,189 | $0 | $209,189 |
| PAMELA J ROWE | VICE CHAIRMAN | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| CRAIG HOLLEY JR | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| SUZANNE M BECKSTOFFER | VICE CHAIRMAN | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAUREEN DAVIS | Chairman | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY CULLEN | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| LEMESHIA STEELE | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER M MILLER | Secretary/Treas | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAY C BAGLEY | Asst Secretary | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE C WIATT JR | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| DINETTA D HILL | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| THOMASINA R WRIGHT | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $152,756,668 | $127,432,775 | $2,365,294,400 | $25,323,893 |
| 2022 | $114,363,682 | $99,781,444 | $2,286,817,396 | $14,582,238 |
| 2021 | $100,083,823 | $95,290,480 | $2,278,710,765 | $4,793,343 |
| 2020 | $95,027,195 | $91,742,438 | $1,992,413,687 | $3,284,757 |
| 2019 | $96,742,019 | $84,042,731 | $1,743,829,584 | $12,699,288 |
| 2018 | $93,291,014 | $82,600,313 | $1,617,282,372 | $10,690,701 |
Compare BAYPORT CREDIT UNION with other nonprofits in Virginia and across the country.