BAYLANDS FAMILY CREDIT UNION

EIN: 546038172

WEST POINT, VA

Total Revenue
$4,409,839
Total Expenses
$3,977,247
Total Assets
$89,784,518
Net Assets
$5,244,107
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
VA
Principal Officer
TERESA MILLIS
Phone
8048432520
Tax Period
2023-01-01 to 2023-12-31

BAYLANDS FAMILY CREDIT UNION, founded in 1946, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 3% surplus.

Mission

BAYLANDS FAMILY CREDIT UNION IS COMMITTED TO SERVING THE FINANCIAL NEEDS OF OUR MEMBERSHIP. IT IS OUR RESPONSIBILITY TO MAXIMIZE THE BENEFITS TO OUR MEMBERS WHILE MAINTAINING FINANCIAL STABILITY.WE WILL PROVIDE A CLIMATE IN WHICH OUR EMPLOYEES ARE STIMULATED TO ACHIEVE OUTSTANDING PERFORMANCE AND PROFESSIONALISM.WE ARE A MEMBER-OWNED INSTITUTION THAT EXISTS NOT FOR PROFIT, BUT FOR SERVICE."

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,722,035
Investment Income $442,597
Other Revenue $1,245,207
TOTAL REVENUE $4,409,839

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,585,919
Fundraising Expenses $0
Other Expenses $2,391,328
TOTAL EXPENSES $3,977,247

Year-over-Year Comparison

2023 2022 Change
Revenue $4,409,839 $3,730,943 +0.2%
Expenses $3,977,247 $3,441,001 +0.2%
Net Income $432,592 $289,942 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
29
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$106,212
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA E HART DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE L HITE SUPERVISORY COMMITTEE 1.00
Director
$0 $0 $0
TODD C WELCH DIRECTOR 1.00
Director
$0 $0 $0
TROY E FOSTER DIRECTOR 1.00
Director
$0 $0 $0
TERRY A REED DIRECTOR 1.00
Director
$0 $0 $0
N/A 401(K) & PENSION TRUSTEE 1.00
$0 $0 $0
CAROLYN B LOCKLEY SECRETARY 1.00
Officer
$0 $0 $0
GEORGE R CARTER CHAIR 1.00
Officer
$0 $0 $0
DEBORAH T BALL ASST. SECRETARY 1.00
Officer
$0 $0 $0
M RAGAN HART CHAIR, SUPERVISORY COMMITT 1.00
Officer
$0 $0 $0
TERESA MILLIS CEO 40.00
Officer
$106,212 $0 $106,212
JOSEPH F DREXLER III VICE CHAIRMAN 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,409,839 $3,977,247 $89,784,518 $432,592
2022 $3,730,943 $3,441,001 $92,757,799 $289,942
2021 $3,879,748 $3,783,805 $98,122,989 $95,943
2020 $4,104,939 $4,313,944 $95,335,180 $-209,005
2019 $4,379,365 $4,275,013 $85,235,147 $104,352
2018 $4,107,902 $3,965,931 $79,543,258 $141,971
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BAYLANDS FAMILY CREDIT UNION with other nonprofits in Virginia and across the country.