BayPort Credit Union Expands Presence with New Branch in Virginia Beach, Marking Its Sixth Location

BayPort Credit Union Expands to Virginia Beach

BayPort Credit Union has marked a significant milestone in its growth by opening its sixth branch in Virginia Beach. The new location, situated at 3012 Pacific Avenue, aims to enhance the banking experience for the local community, being the first BayPort branch at the Oceanfront. This new establishment offers a wide array of financial services, including everyday banking, lending options, business banking, and investment solutions, catering to individual and corporate needs.

The opening ceremony was a momentous occasion, celebrated with a ribbon-cutting event that involved the Hampton Roads Chamber of Commerce and Virginia Beach City Councilmember Worth Remick. This collaborative spirit fosters community engagement, a value that BayPort holds dear.

BayPort's expansion into this vibrant coastal city comes in alignment with its recent transition to a federal charter. This transition enables the credit union to broaden its services and engage with more individuals, families, and businesses beyond its traditional member base. BayPort Credit Union has been a trusted partner in Virginia Beach for over a decade, having opened its first branch in the city in 2012, and currently serving over 18,000 members.

The strategic positioning of the Pacific Avenue branch is designed to provide enhanced convenience for banking in Virginia Beach, joining existing locations on Little Neck Road, Providence Road, Holland Road, Independence Boulevard, and Lynnhaven Parkway. Jim Mears, President and CEO of BayPort Credit Union, expressed excitement over the new location, noting, "We're especially excited to bring BayPort to the Oceanfront. This is a unique and vibrant community, and we're looking forward to becoming a part of it."

BayPort Credit Union operates as a democratically controlled financial institution, emphasizing its commitment to member satisfaction and community involvement. The organization blends the traditional banking experience with the unique benefits of credit union membership, ensuring that members have access to the same array of products and services offered by conventional banks. Membership is available not only to local residents and their families but also to individuals nationwide through specific qualifying organizations.

Since its inception in 1928, founded by shipyard workers from Newport News Shipbuilding, BayPort has operated on the principle that everyone deserves access to trustworthy financial services. Today, it boasts significant assets of $2.7 billion and serves more than 156,000 individuals and enterprises through a network of 31 branches throughout Virginia.

The new branch on Pacific Avenue reflects BayPort's ongoing commitment to deepening its roots in the community while offering a full suite of financial services to its members. As they welcome new faces, BayPort aims to strengthen community bonds and participate actively as a neighbor and partner in Virginia Beach. With this latest expansion, BayPort Credit Union reaffirms its dedication to fostering financial growth and stability within the regions it serves.