First-Time Homebuyers

Our new program features a 3% down payment and no closing costs!* Learn more

Family surrounded by moving boxes

Bay Federal Credit Union Selected as a Top Financial Institution for Young Adults

Capitola, CA – September 8, 2017 – Bay Federal Credit Union was selected as one of the top 10 “Best Banks and Credit Unions for Young Adults” by GOBankingRates on September 4. GOBankingRates chose Bay Federal based on criteria that included products, fees, account minimum requirements, and access to personal finance education and tools.

Bay Federal offers savings and checking accounts for teens 11-17 and young adults 18-22. The accounts have no minimum balance requirements or monthly service charges, and they come with access to mobile and online banking, budgeting tools, and mobile wallet.

The Credit Union also partners with area schools and regularly offers free financial education classes that are open to the public. Bay Federal’s next class is “Credit Building for Teens and Young Adults” at its Capitola Branch, located at 3333 Clares Street, on September 16 at 10:30 AM. A second session will be held September 18 at 6:30 PM. Registration is available in advance by 831.477.8414 or emailing

GOBankingRates is a personal finance website with resources to make learning about managing your money less intimidating. GOBankingRates is owned by ConsumerTrack, Inc., an online marketing company serving banks, credit unions, and other financial organizations.

GOBankingRates’ top 10 banks and credit unions for young adults:

  • Capital One 360
  • Wells Fargo
  • TD Bank
  • Bank of America
  • Chase Bank
  • Bay Federal Credit Union
  • Discover Bank
  • Santander Bank
  • U.S. Bank
  • Navy Federal Credit Union

About Bay Federal Credit Union

Bay Federal is a full-service, not-for-profit financial institution that serves more than 68,000 members and 1,200 local businesses throughout Santa Cruz, San Benito, and Monterey counties. With more than $900 million in assets, Bay Federal Credit Union is the largest member-owned financial institution in Santa Cruz County, serving its members and the community since 1957. Since 2002, 100% of all employees have given their own money and volunteered for numerous local schools, nonprofit organizations, and community events.

Contact: Amy Ivey, VP Marketing and Development
Bay Federal Credit Union

Back to All Press Releases
mobile apps