Bay Port Cu in Newport News, Virginia (VA)

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Bay Port Cu
Employer Identification Number (EIN)540314180
Name of OrganizationBay Port Cu
Address11820 Fountain Way Ste 400, Newport News, VA 23606-4478
ActivitiesCredit union, Other services or benefits to members or employees, Loans or credit reporting
SubsectionOther Mutual Corp. or Assoc.
Ruling Date03/1984
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Tax Period12/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,276,511,990
Amount of Income$68,543,981
Form 990 Revenue Amount$68,345,365


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$68,345,365
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$61,633,610
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$6,461,465
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental loss$-58,713
Gross rents (Real / Personal)$139,903 / $0
Less: rental expenses (Real / Personal)$198,616 / $0
Rental income or (loss) (Real / Personal)$-58,713 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$309,003
Statement of Functional Expenses (for 2012)
Total functional expenses$57,530,739
Compensation of current officers, directors, trustees, and key employees$707,638
Other salaries and wages$13,734,086
Payroll taxes$0
Professional fundraising services$0
Other$43,089,015
Balance Sheet (for 2012)
Total assets$1,276,511,990
Total liabilities$1,125,909,072
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$20,000,000
Unsecured notes and loans payable to unrelated third parties$0
Other$1,105,909,072
Total net assets or fund balances$150,602,918
Retained earnings, endowment, accumulated income, or other funds$150,602,918
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralConsolidated Credit Unions Of Virginia Group Return1300 E Main St Ste 800, Richmond, VA 23219-3630VA1984-03$301,082,787
SubordinateVirginia CuPO BOX 90010, Richmond, VA 23225-9010VA1984-03$173,733,599
SubordinateBay Port Cu11820 Fountain Way Ste 400, Newport News, VA 23606-4478VA1984-03$68,543,981
SubordinateDupont Community CuPO BOX 1365, Waynesboro, VA 22980-0923VA1984-03$42,561,972
SubordinateDominion Cu701 E Cary St, Richmond, VA 23219-3927VA1984-03$33,097,863
SubordinateUniversity Of Virginia Community Credit Union Inc3300 Berkmar Dr, Charlottesvle, VA 22901-1491VA1984-03$31,694,585
SubordinateMartinsville Dupont Credit UnionPO BOX 2158, Martinsville, VA 24113-2158VA1984-03$10,881,727
SubordinateConsolidated Credit Unions Of Virginia, Beacon Cu6320 Logans Ln, Lynchburg, VA 24502-4292VA1984-03$7,614,789
SubordinateNorthern Star Credit Union5100 George Washington Hwy, Portsmouth, VA 23702-2604VA1984-03$5,970,779
SubordinateRichmond Postal Cu1601 Ownby Ln, Richmond, VA 23220-1318VA1984-03$4,495,959
SubordinatePiedmont Credit Union366 Piney Forest Rd, Danville, VA 24540-4122VA1984-03$3,415,306
SubordinateConsolidated Credit Unions Of Virginia, Newsome Park Elementary Pta4200 Marshall Avenue, Newport News, VA 23605VA1984-03$3,066,526
SubordinateWeccu Cu347 N Court Ave, Covington, VA 24426-1203VA1984-03$2,412,902
SubordinateHampton Roads Educators Cu2130 Cunningham Dr, Hampton, VA 23666-2502VA1984-03$1,879,689
SubordinateNewport News Municipal Employees Credit Union502 Operations Dr, Newport News, VA 23602-6989VA1984-03$1,797,221
SubordinatePfd Firefighters Cu3209 Cedar Ln, Portsmouth, VA 23703-4101VA1984-03$1,391,687
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SubordinateLoudoun Cu801 Sycolin Rd Se Ste 101, Leesburg, VA 20175-5686VA1984-04$1,286,757
SubordinatePrime Care Cu600 Gresham Dr, Norfolk, VA 23507-1904VA1984-03$1,139,941
SubordinateVirginia United Methodist Cu10330 Staples Mill Rd, Glen Allen, VA 23060-3251VA$1,127,922
Number of affiliated organizations
Virginia55
Total55

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