Bay Credit Union

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A short history of Bay CU

Since its inception in 1952 the Bay Credit Union has been serving its members in the PANAMA CITY, Florida area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Ray Crisp, the Bay CU has grown its membership to over 9,956 with assets of more than $84,226,453. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (850) 785-6103 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in PANAMA CITY, FL.

General Information For Bay CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 63262
Address P O BOX 2239 
State Florida 
Zip-Code 32402
Phone Number (850) 785-6103
Fax Number (850) 785-1452
Email Address:
CEO/President Ray Crisp
Members 9,956 
Full-Time Employees 31 
Part-Time Employees
Number of Branch Offices
Total Assets 84,226,453 

Compare Bay Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Panhandle Educators CU Panhandle Educators FCU 4295 N Highway 231 32404 (850) 818-0720 No 2.88
Tyndall CU Tyndall Air Force Base Branch Building 913 32403 (850) 769-9999 No 3.32
Innovations CU Innovations FCU 2250 S Highway 77 32444 (850) 233-4400 No 6.10

Bay Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Bay Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.42 3.83 6.15 5.42 2.95
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 289 255 458 317 22
Rank Among All Florida Credit Unions 34 52 69 50 3

Bay Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.08 0.07 0.10 1.08 0.79
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 120 136 134 157 187
Rank Among All Florida Credit Unions 12 21 27 22 20
Bay Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.4202,2014,593,402
All Other Unsecured Loans/Lines of Credit 8.1505561,853,108
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.8301,21418,875,596
Used Vehicle Loans 6.1501,24711,840,365
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.42015912,363,365
Total Other Real Estate Loans/Lines of Credit 2.95024721,438
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.4903906,325,073
TOTAL LOANS & LEASES 5,79156,572,347

Bay Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 686,757,9165732,920
    b. 15 Years or less 814,527,2467607,920
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 71,057,62200
Adjustable Rate > 1 yr 320,58100


Closed-End Fixed Rate 478,52100
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 20642,91700
Open-End Fixed Rate 0000
TOTALS 18313,084,803121,340,840


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Bay Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes