Bay Federal Credit Union Capitola, California
Bay Federal Credit Union is a federal credit union headquartered in Capitola, CA, established in 1957 (NCUA charter 12067), and it is regulated and insured by the NCUA. At Q2 2026 it reported 96,735 members and total assets of $1.91B (up 7.3% from Q2 2025), the 38th largest of 238 credit unions headquartered in California. Its net worth ratio was 9.85% at Q2 2026, in the well capitalized band.
Also written as Bay FCU · Trade name filed with the NCUA: BFCU, BayFed, BayFederal
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 12067
- Headquarters
- Capitola, CA
- Established
- 1957
- Total assets, Q2 2026
- $1.91B
- Assets vs Q2 2025
- +7.3%
- Members, Q2 2026
- 96,735
- Net worth ratio, Q2 2026
- 9.85%
- Latest call report
- Q2 2026, NCUA 5300 · Bay Federal Credit Union call report
- Asset rank in state
- 38th of 238 in California
- Routing number
- 321177706
- Branches
- 8
It has 3,561 more members than on June 30, 2025 (+3.8%). Its net worth ratio was up 0.16 percentage points from 9.69% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $604.9M of $1.20B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.31% is below the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026. Its 9.85% net worth ratio is below that band's 10.89% median.
Credit unions similar in size in California
Credit unions merged into Bay Federal Credit Union
Coast-Tel Federal Credit Union (2019) · Santa Cruz County Employees Credit Union (2014)
Frequently asked about Bay Federal Credit Union
How big is Bay Federal Credit Union?
At Q2 2026 it reported total assets of $1.91B and 96,735 members.
Where is Bay Federal Credit Union headquartered?
It is headquartered in Capitola, CA, United States.
When was Bay Federal Credit Union founded?
It was established in 1957, per NCUA records.
Is Bay Federal Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 12067): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Bay Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is Bay Federal Credit Union well capitalized?
Its net worth ratio was 9.85% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Bay Federal Credit Union's delinquency ratio?
Its delinquency ratio was 0.31% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Bay Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 70.52% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Capitola, CA 95010
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1957
- NCUA Charter #
- 12067
- RSSD ID
- 280688
- Members
- 96,735
- Potential members
- 764,807
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 454 credit unions with $1B to $10B in assets, as of Q2 2026. It is in the top quartile on 2 of 7 ranked measures.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 12.63% | 9.85% | 10.89% | 26th below |
| Return on assets Middle half of peers: 0.59% to 1.25% | 0.85% | 0.89% | 46th below |
| Return on equity Middle half of peers: 5.37% to 10.92% | 8.58% | 8.07% | 54th above |
| Net interest margin Middle half of peers: 3.05% to 3.80% | 3.31% | 3.45% | 41st below |
| Efficiency ratio Middle half of peers: 63.16% to 77.23% | 71.40% | 70.59% | 47th below |
| Cost of funds Middle half of peers: 1.37% to 1.99% | 1.30% | 1.68% | 79th top |
| Delinquency ratio Middle half of peers: 0.45% to 1.05% | 0.31% | 0.68% | 89th top |
| Yield on assets Middle half of peers: 4.70% to 5.46% | 4.62% | 5.12% | 21st position only |
| Loan-to-share ratio Middle half of peers: 78.23% to 95.19% | 70.52% | 88.03% | 17th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$1.91B total assets against $1.78B; $1.70B total shares and deposits against $1.59B; $1.20B total loans against $1.14B.
$187.8M net worth against $172.1M.
9.85% net worth ratio against 9.69%.
70.52% loan-to-share ratio against 71.36%.
0.31% delinquency ratio against 0.25%.
0.85% return on assets against 1.66%; 8.58% return on equity against 17.12%.
3.31% net interest margin against 3.24%.
96,735 members against 93,174.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 9.85% | 0.85% | 0.31% | 70.52% |
| March 31, 2026 | 9.71% | 0.89% | 0.17% | 69.35% |
| December 31, 2025 | 9.69% | 0.95% | 0.20% | 70.50% |
| September 30, 2025 | 9.69% | 0.89% | 0.32% | 71.37% |
| June 30, 2025 | 9.69% | 1.66% | 0.25% | 71.36% |
| March 31, 2025 | 9.38% | 0.72% | 0.18% | 70.72% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.