2025-11-14T09:57:46-08:00 2024-12-31 830368487 BOYCE SPADY & MOORE PLC 1013 W Washington Street Suffolk VA 23434 990 2024-01-01 540314180 BAYPORT CREDIT UNION BAYP 7579288850 ONE BAYPORT WAY 350 NEWPORT NEWS VA 23606 G LEWIS SMITH VP/FINANCE 2025-11-14 true true Robert M Moore Jr P00063540 7575392953 X 2024 2025-03-06 01:10:19Z ONE BAYPORT WAY 350 NEWPORT NEWS VA 23606 187389326 false X www.bayportcu.org X 1928 VA 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. 11 11 640 16 -520966 329261 0 137164934 166878903 15638449 19258094 -46715 -277388 152756668 185859609 0 0 43231083 49492655 0 0 84201692 120166907 127432775 169659562 25323893 16200047 2365294400 2383985109 2137524830 2140804827 227769570 243180282 TO PROVIDE AFFORDABLE FINANCIAL SERVICES TO ITS MEMBERS INCLUDING LOAN RELATIONSHIPS DEPOSITORY SERVICES CREDIT CARDS AND INTERNET BANKING AT CONVENIENT LOCATIONS BY PROFESSIONALS WHO PROVIDE EXCELLENT SERVICE false false TO PROVIDE 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 PRIMARILY OF INDIVUDALS IN THE HAMPTON ROADS AREA AND INCLUDES MANY INDIVIDUALS GENERALLY NOT RECRUITED FOR SERVICES AT LARGER FINANCIAL INSTITUTIONS. false false false false false false false false false true false false true true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 35892 0 true 640 true true true false false false false false false false X 11 11 false false false false true false false true true false true true false true false false false true false false false X NANCY K POPE 7578734030 ONE BAYPORT WAY NEWPORT NEWS VA 23606 X JAMES MEARS PRESIDENT/CEO 40.00 0.00 590567 0 0 GODFREY SMITH EXEC VP/CFO 40.00 0.00 351771 0 0 JENNIFER COYNE EXEC VP/COO 40.00 0.00 341326 0 0 STANLEY LEICESTER EXECUTIVE VP 40.00 0.00 298968 0 0 MARGARET TAYLOR INVESTMENT ADVISOR 40.00 0.00 269634 0 0 DENISE MCROBERTS CHIEF INFO OFFICER 40.00 0.00 250730 0 0 SUSAN FERNAAYS CHIEF EXP OFFICER 40.00 0.00 247619 0 0 IRA WILLIAMS CHIEF RETAIL OFF 40.00 0.00 244981 0 0 NANCY PORTER VP MARKETING 40.00 0.00 220308 0 0 TONYA EDWARDS VP BUSINESS BANKIN 40.00 0.00 216735 0 0 PAMELA J ROWE VICE CHAIRMAN 0.00 0.00 X X 0 0 0 CRAIG HOLLEY JR Director 0.00 0.00 X 0 0 0 SUZANNE M BECKSTOFFER VICE CHAIRMAN 0.00 0.00 X X 0 0 0 MAUREEN DAVIS Chairman 0.00 0.00 X X 0 0 0 MARY CULLEN Director 0.00 0.00 X 0 0 0 LEMESHIA STEELE Director 0.00 0.00 X 0 0 0 JENNIFER M MILLER Secretary/Treas 0.00 0.00 X X 0 0 0 RAY C BAGLEY Asst Secretary 0.00 0.00 X X 0 0 0 DARLENE GRAHAM Director 0.00 0.00 X 0 0 0 DINETTA D HILL Director 0.00 0.00 X 0 0 0 THOMASINA R WRIGHT Director 0.00 0.00 X 0 0 0 3032639 52 false true false NORTH RIVER CONSTRUCTION LLC PO BOX 97 WARE NECK VA 23178 CONSTRUCTION 1707808 SIRIUS COMPUTER SOLUTIONS INC PO BOX 202289 DALLAS TX 75320 COMPUTER SERVICES 983372 SUMMS SKIP & COLLECTION SERVICE 2616 QUALITY CT VIRGINIA BEACH VA 23454 COLLECTION SERVICE 679299 CARDTRONICS USA INC 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ATM SERVICES 1986207 SECURITAS TECHNOLOGY CORP PO BOX 643731 PITTSBURG PA 15264 SECURITY 686517 47 0 FEES AND CHARGES 522100 15918034 15918034 LOAN INTEREST 522100 123922353 123922353 MISCELLANEOUS 522100 27038516 27038516 166878903 19258094 19258094 0 0 1008751 1529717 -520966 -520966 -520966 0 0 0 0 NON-OPERATING INC/EXP 243578 243578 243578 185859609 186380575 -520966 0 0 0 0 1852266 0 34807053 0 12833336 0 0 0 0 0 0 0 0 0 0 0 0 6938934 1072464 0 0 9277490 0 0 0 INTEREST ON MEMBERS' ACCOUNTS 40906762 ACCOUNT SERVICING 21108348 PROVISION FOR LOAN LOSSES 19510000 OFFICE 14017522 7335387 169659562 0 0 0 29269462 28220000 0 0 0 0 0 402855282 309924868 0 5620642 3828435 120878248 61433859 57253686 59444389 0 0 0 0 1870295328 1982567417 2365294400 2383985109 16961494 22890609 115000000 165000000 2005563336 1952914218 2137524830 2140804827 X 227769570 243180282 227769570 243180282 2365294400 2383985109 X 16200047 -789335 X false true X true false 120878248 61433859 59444389 59444389 ACCRUED INCOME 8100613 AUTO LOANS 677723564 LOANS - ALLOWANCE FOR LOAN LOSSES -42086896 LOANS-REAL ESTATE 822026713 OTHER ASSETS 57249272 OTHER RECEIVABLES 37301733 1982567417 BUSINESS SHARES 106557727 CHECKING SHARES 348133513 MEMBER CERTIFICATES 476469440 OTHER LIABILITIES 4780375 OTHER SHARES 608051836 REGULAR SHARES 408921327 1952914218 false false false DENISE MCROBERTS CHIEF INFO OFFICER 236019 13869 842 250730 GODFREY SMITH EXEC VP/CFO 267361 13870 70540 351771 IRA WILLIAMS CHIEF RETAIL OFF 232288 11321 1372 244981 JAMES MEARS PRESIDENT/CEO 496833 69492 24242 590567 JENNIFER COYNE EXEC VP/COO 265243 13870 62213 341326 MARGARET TAYLOR INVESTMENT ADVISOR 44756 224878 269634 NANCY PORTER VP MARKETING 208987 11321 220308 STANLEY LEICESTER EXECUTIVE VP 198041 100927 298968 SUSAN FERNAAYS CHIEF EXP OFFICER 233749 13870 247619 TONYA EDWARDS VP BUSINESS BANKIN 205414 11321 216735 DENISE MCROBERTS EMPLOYEE LOANS X 1005000 960767 false true true IRA WILLIAMS EMPLOYEE LOANS X 740379 456858 false true true JAMES MEARS EMPLOYEE LOANS X 918525 451550 false true true TONYA EDWARDS EMPLOYEE LOANS X 771000 674913 false true true GODFREY SMITH EMPLOYEE LOANS X 340734 313973 false true true MARY CULLEN BOARD LOANS X 33000 4829 false true true MAUREEN DAVIS BOARD LOANS X 25000 7936 false true true PAMELA ROWE BOARD LOANS X 90000 14358 false true true THOMASINA WRIGHT BOARD LOANS X 2402500 1727257 false true true JENNIFER COYNE EMPLOYEE LOANS X 781824 696174 false true true DARLENE DAWKINS BOARD LOANS X 27813 1087 false true true DINETTA HILL BOARD LOANS X 56217 37154 false true true RAY BAGLEY BOARD LOANS X 150000 73032 false true true SUZANNE BECKSTOFFER BOARD LOANS X 306500 123497 false true true 5543385 Form 990, Part VI, Section B, Line 11b THE CREDIT UNION GATHERS THE INFORMATION NECESSARY TO COMPLETE THE RETURN AND FORWARDS SUCH INFORMATION AND ANY OTHER INFORMATION REQUESTED BY ITS ACCOUNTING FIRM TO ITS ACCOUNTING FIRM. UPON COMPLETION OF THE RETURN, THE CREDIT UNION REVIEWS THE RETURN AND CONSULTS WITH ACCOUNTING FIRM BEFORE FILING. Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST Form 990, Part XI, Line 9 OTHER COMPREHENSIVE INCOME/LOSS = -$789335 Statement Note 1 BAYPORT CREDIT UNION RESPECTFULLY FILES THIS TAX RETURN UNDER PROTEST.IT IS OUR POSITION THAT ALL UNRELATED BUSINESS INCOME AND EXPENSES, AS INDICATED IN THIS TAX RETURN, IS DIRECTLY RELATED TO THE EXEMPT ACTIVITIES OF THE CREDIT UNION. ACCORDINGLY, WE DISAGREE WITH THE POSITIONS TAKEN BY THE INTERNAL REVENUE SERVICE IN 2007 TECHNICAL ADVICE MEMORANDUMS, REQUIRING THE FILING OF FORM 990-T. THESE SERVICES SUPPORT AND ENHANCE OTHER FINANCIAL SERVICES OFFERED BY THE CREDIT UNION TO ITS MEMBERS.