About Bay Federal
Proudly Serving Our Community Since 1957!
Bay Federal Credit Union began in 1957 when eight local teachers pooled their money to create a financial cooperative built around a simple idea: people can accomplish more financially when they work together.
Today, that idea has grown into the region’s largest locally owned financial institution, with more than $1.8 billion in assets and members across Santa Cruz, Monterey, and San Benito counties. Along the way, our commitment to our members has earned us recognition as a Forbes Best-In-State Credit Union in California for two consecutive years. Whether our members are buying a home, financing a car, building their savings, or managing their money on the go, our award-winning team is here to help.
As a local, member-owned, not-for-profit financial cooperative, our success is tied to the communities we serve. That means showing up beyond our branches. Each year, our employees volunteer with nonprofits, schools, and community organizations, while leaders serve on local boards and stay connected to the conversations that shape our region.
Education has been central to who we are from the very beginning, and it remains an important part of how we serve today. We provide scholarships, financial wellness resources, youth programs, and free financial education designed to help people make informed decisions about their money through every stage of life.
Since 1957, the idea that started Bay Federal has continued to guide how we serve our members, support our communities, and grow for the future. We are proud of how far we have come, and even more excited about what comes next. We hope you will be part of it.
Forbes Best-In-State Credit Unions
