In this issue spring homebuying - BayPort Credit Union
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Fall 2014 spring 2018 in this issue spring homebuying new bloggers annual meeting spring cleaning on a dime First-time homebuyer Funds available manage your money credit card promotional rate Stay Connected like and follow us to get the most up-to-date offers and information.
BayPort Buying a home in the spring
insurance as spring approaches, just like the new blooms, new homes are popping up on the market
every day. while this gives new homebuyers more inventory to choose from, it also presents
bayport insurance, llc,
a wholly-owned subsidiary more buyers to compete against for the same home. so how do you make yourself stand out
of bayport credit union, is from the buyer next to you? here are a couple suggestions that may give you a leg up on your
an independent insurance competition.
agency that finds the best
home, life or auto insurance Get preapproved
deal for you through our when you submit an offer on a home along
extensive network of
with your preapproval letter, the seller
providers.
knows you qualify for financing. If given the
choice between a buyer that has already
secured financing versus one that may not
qualify, the choice is easy.
brian smith
agency manager
Move fast
If you find a home you like, act quickly. By
no means does this mean settle. however,
don’t plan on having a week to think it over either. by the time you decide this is the home for
dina willoughby
insurance agent you, it will be gone.
before beginning the home search, visit bayportcu.org and register with homeadvantage® and
earn a cash reward of 20% of your agent’s commission.
*the homeadvantage® program is made available to you through a relationship between bayport credit union and
curealty services. cash rewards are awarded by cu realty services to buyers and sellers who select and use a real
James parrish estate agent in the homeadvantage network.
insurance agent
contact bayport for full details.
patty gaskins
insurance agent
community shred Day
It’s time to spring clean your files and bring
your personal statements and documents out to
the annual bayport community shred day! don’t
angela Joseph
customer service
spend your entire weekend hovering over your
representative shredder. Just box up your documents and drop
call 757.493.5140 or visit them off. it’s that easy!
bayportcu.org to get your this year’s shred-it event will be Saturday, April
Free Quote today! 14 at our BayPort Way and Smithfield branches
from 9 am -12 pm. all we ask is that you bring a
bag of canned food or a monetary donation for
any insurance required as a condition of an each box of documents you shred. all donations
extension of credit by bayport credit union
is not required to be purchased from bayport
insurance, llc and can be purchased from an will benefit the Virginia Peninsula Foodbank.
agent or insurance company of the member's
choice. business conducted with bayport
insurance, llc is separate and distinct from
any business with the credit union. insurance
purchased through bayport insurance, llc is
not a deposit, not federally insured, not an ob
ligation of the credit union, not guaranteed by
the credit union or any affiliated entity, involves
investment risk, including the possible loss of
principal, and may be offered by an employee
who serves both functions of accepting member
deposits and selling insurance.
new Bloggers on the scene
how many of you turn to the internet for tips, tricks, and easy
life hacks to improve your situation? the bayport blog is a great
resource for you to learn ways to budget, cut spending, reach
a savings goal, or even figure out how to use new banking
technology.
and we are excited to announce the addition of 13 new
staff contributors that are ready to share their experience and
knowledge with you. their goal is to offer solutions to some
of the most common financial missteps they see every day.
check out the post below by one of our new additions, Jo
leonard.
credit card Debt - Find your way out
Just about everyone has credit card debt. it’s not
something we want, but sometimes it is the only
way to get by. an “emergency” sneaks up on us, and we turn to
our plastic friend. the balance creeps up and before we even realize it, we’re up to our
limit and don’t even know what we spent it all on. so what do we do? we get another card and do the exact
same thing. how do we stop this vicious cycle?
almost every member i work with is either embarrassed or disappointed in themselves for getting in this situation.
you’re not alone. i also have been there and done that. twice. so don’t get discouraged. i have the answer for you. it’s
how i got out, and you can too. i transferred my balances to one card. i worked on that card, making minimum payments
at first and then really tried to pay a little extra each month. What was the secret to my success? I got another card. A
second credit card. i know, i know, it sounds too good to be true. well, there’s a method to my madness. i concentrated
on my “payback” card with the embarrassing large balance, but i realized that sometimes you just need a credit card. so
i got another one. this new card was special. it was my “stuff” card. Just for me. i wanted something, i bought it! so how
was this possible?
i decided on a small limit for “my card” that i could handle. i chose $500. if i maxed out my card with shopping, going
out to eat, or any of the other reasons we pull out the plastic without even thinking, i was out of luck. no more stuff for
me until i paid down my balance. i couldn’t (and wouldn’t) use my payback card. i had decided that getting out of debt
was important to me and i stuck to it and it worked. i still have that same $500 card and i’ve also paid back my payback
card. i use it now for major purchases, like replacing an appliance, a major repair for the car or other unexpected bills
that come up. and i pay it back with the knowledge that i know what i’m paying for, not just stuff. that’s what my other
card is for. so get a handle on your debt and get yourself two cards. with a little determination, you can do it too. now
you just have to take that first step, and BayPort is always here to help. Come in to your local branch or go on-line to
apply today.
For a limited time, bayport is offering a promotional rate of 2.99% apr* on all qualifying balance transfers made
between march 1, 2018 until may 31, 2018. you get to keep this great rate until december 2018 giving you plenty of
time to make a huge dent, if not eliminate your credit card debt all together.
Find more great posts like this at bayportcu.org/blog.
BayPort’s 90th annual Meeting this year’s annual meeting was held on February 20th at the hampton roads convention center. over 1,000 members joined us to hear about what your credit union accomplished in 2017 and what to look forward to this year. this year, bayport celebrated 90 years of making our members’ lives easier. through expansion, new technology, and exceptional financial service, our members continue to enjoy financial success. During 2017, BayPort opened a new, full-service branch in our corporate headquarters, relocating the newport news city center branch to the corner of canon boulevard and oyster point road. this new location features three drive-thru lanes all with atm capabilities and two with itms (interactive teller machines). itms give you the ability to interact with a live teller during business hours and serve as atms 24/7. chairman of the board, suzanne beckstoffer, shared many exciting accomplishments from the past year. she announced bayport received a “community development Financial designation” which allows your credit union to apply for grants that offer flexible lending services to low-income members. BayPort also won a grant to launch the “early entrepreneurship club,” which tasks our participating elementary and middle school students to create an in-school business. Finally, suzanne introduced “port the parrot,” our new youth mascot. bayport continued to enhance technology and staff education to make your banking experience easier. george dudley, Jr., ceo, shared new features available through the bayport mobile banking app that now allows you to access credit card balances and account statements on your mobile device, along with paying bills, viewing check im ages, making check deposits, and much more. your credit union also offered advanced training to select staff and now has 50 fully trained Financial coaches to help you reach your financial goals. re-elected for three-year terms were incumbent directors: pamela J. rowe; paul F. willis, Jr.; george c. wiatt, Jr; and Jennifer m. miller. At the reorganization meeting the following officers were elected: suzanne m. beckstoffer, chairman; theodore l. stewart, sr., First vice chairman; pamela J. rowe, second vice chairman; maureen h. davis, secretary/treasurer; and nancy p. hill, asst. secretary. Following the business meeting, 50 cash prizes were awarded. winners of the grand prizes were tameka Jowers, $3,000; terry mitchell, $2,000; and mark hessek, $1,000.
spring cleaning on a Dime MaKinG MoVes
bayport has some exciting
news to share with you.
because of our continued
growth and success in the
great hampton roads area,
as well as the experienced
and talented professionals
that work hard to serve you
every day, we have several
promotions and branch
management transitions to
announce.
regional Branch Managers
tami atkins,
peninsula
sherri lilley-peck,
spring is here! before the weather gets too warm, now is a great time to do a deep clean and
southside
declutter. It’s also a terrific time to spring clean your finances. Here are some great tips on ways
you can save and make money from spring cleaning.
new Branch Managers
melissa altman,
sell your old stuff Fox hill
As you clean out your closet, make a pile of those clothes that no longer fit or you are just
ready to part ways with. then sell them. take them to a consignment shop, or better yet snap a sherry winn,
newmarket
pic and list them for sale via a consignment app.
not into consignment? hold a yard sale, on your own or with the entire neighborhood.
Branch Manager transitions
neighborhood yard sales gain a lot of attention, a lot of bargain hunters, and result in a lot of
amy guin,
cash. chesapeake
refresh what you already have diana holton,
providence square/
in some cases, it doesn’t have to be out with the old and in with the new during spring cleaning
great bridge
season. try giving a face lift to décor you already have. paint your dresser a bold new color, or
sand down and stain your dining room table. choosing to refurbish instead of purchasing new belinda taylor
suffolk
will surely save you lots of money.
congratulations to each
Make homemade cleaning supplies of you! thank you for your
the internet is full of hacks for making homemade cleaning supplies — and even cleaning so
dedication to our members
lutions. before you go out and drop a small fortune on cleaning supplies, check the internet. the
and our credit union.
penny hoarder shares many tips to help you save money. some of our favorites include using
stale bread or rice to clean your coffee grinder and making grease stains disappear with rubbing
alcohol.
once you have completed your spring cleaning, you are that much closer to summertime. and
with any luck, you can use the extra money to enjoy a summer adventure.
Let us Know if you Will
Be traveling
be sure to give bayport a call to let us know when and where
you will be traveling. if we know you may be making purchas
es during your caribbean getaway with your bayport credit or
debit card, we will notate your account so our system doesn’t
flag your out-of-town transactions as suspicious. If not, it could
result in a temporary freeze on your card activity until we speak
with you.
to avoid any inconvenience, submit a debit/credit card
Travel Notification form located under “Secure Forms” within
online banking. also, be sure we have your current contact
information in case we do need to reach you.
First-time homebuyer
Funds available
Interest free loans up to $5,000
One of the biggest concerns we hear from first-time homebuy
ers is how hard it is to save for the down payment and closing
costs. bayport credit union has partnered with the Federal
home loan bank affordable housing program to provide inter
est-free down payment and/or closing cost assistance to qualify
ing first-time homebuyers. There are some restrictions, but it is
holiday closings
a great opportunity for those looking to buy their first home. All offices will be closed
on the following dates:
• Available for owner-occupied residences.
• Interest-free loan for five years. Memorial Day
• Stay in your house for five years and the loan is forgiven! monday, may 28, 2018
hurry! limited funds are available. once they are gone, they’re Independence Day
gone. wednesday, July 4, 2018
call our mortgage department 757.896.8769 for complete
details.
Manage your Money, your Way Meet our
bayport is always looking for ways to make your online banking experience easier whether
FinanciaL
that is through money saving products and services or online solutions to help you manage your aDVisors
money better. at bayport Financial,
our latest enhancement to online banking, replacing Financeworks® with money manage available through cuso
ment, will make managing your money Financial services, l.p.
even easier. (cFs*), we provide the
if you were a previous Financeworks tools to help you achieve
user, your overall experience will be simi your financial goals. We
are dedicated to helping
lar with some new features to serve you
you meet your retirement
better, including:
planning, estate planning
and investment management
• Text Alerts needs. call to schedule your
• Debt Payoff Forecasting complimentary review.
• Mobile Banking App
capabilities
• & More
if you are new to bayport’s online bank
ing tools, check out money management
next time you login to online banking.
Mark McKnight
credit card Promotional rate 757.928.8931
Margaret Taylor
757.595.2147
Get your ducks in a row
straighten out your credit card balances at bayport. For a limited time, bayport is offering a
*Non-deposit investment products and services are offered
promotional rate of 2.99% APR* on all qualifying balance transfers made between March 1, through CUSO Financial Services, L.P. (“CFS”), a registered
broker-dealer (Member FINRA/SIPC) and SEC Registered
2018 until May 31, 2018. you get to keep this great rate until december 2018. stop in or call us Investment Advisor. Products offered through CFS: are not
NCUA/NCUSIF or otherwise federally insured, are not guar-
at 757.928.8850 today! antees or obligations of the credit union, and may involve
investment risk including possible loss of principal. Invest-
*consumer accounts only. unpaid balances will revert back to the current apr at that time. bayport loan balances are ment Representatives are registered through CFS. Newport
not eligible. certain restrictions apply. News Shipbuilding Employees’ Credit Union (NNSECU)
has contracted with CFS to make non-deposit investment
products and services available to credit union members.
BayPort Credit Union is a DBA name for NNSECU.
BayPort Locations Suffolk Board of Directors contact us
Chesapeake 1463 north main street* suzanne m. beckstoffer, All Branches &
2445 old taylor rd.* Williamsburg chairman general information
677 N. Battlefield Blvd.* 4171 ironbound rd.* theodore l. stewart, sr., 757.928.8850
401 albemarle dr. Virginia Beach First vice chairman
544 S. Battlefield Blvd. 4388 holland rd.* pamela J. rowe, pmp®, toll-Free number
Gloucester 5225 providence rd.* second vice chairman 1.800.928.8801
2369 geo. washington mem. hwy.* maureen h. davis,
balances/rates
Grafton secretary/treasurer
*also serve as co-op shared (audio response)
5028 geo. washington mem. hwy.* nancy p. hill, 757.244.star
Hampton branch locations assistant secretary
2300 cunningham dr. mary a. campbell mortgages
Look for this symbol.
199 Fox hill rd. mary l. cullen 757.896.8769
1168 big bethel rd.
J. paul Kirkland
22 lincoln st., 3rd Floor
Jennifer m. miller
Newport News
donald i. steppe, ccue®
Website
one bayport way www.bayportcu.org
3711 huntington ave.* g. c. wiatt, Jr., ccue®, ccuv®
5001 huntington ave. paul F. willis, Jr.
8000 marshall ave. thomasina r. wright
433 denbigh blvd.*
12512 warwick blvd.
955 harpersville rd. Board emeritus
Norfolk burton p. hill
600 church st. donald e. King
Smithfield robert l. sterling
1290 Smithfield Plaza
EQUAL HOUSING
OPPORTUNITY
this credit union is federally
insured by ncua.
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