Newport News Shipbuilding Employees' CU Becomes BayPort CU

September 11, 2007, 8:21 p.m. EDT 1 Min Read

NEWPORT NEWS, Va. – Newport News Shipbuilders’ CU, one of the biggest credit unions in the region, is changing its name to BayPort CU in an attempt to broaden its membership. The credit union, whose membership previously was restricted to employees of the Northrop Grumman Newport News shipyard and their families, opened its field of membership two years ago to all Hampton Roads residents. Officials of the $925 million credit union said they are changing the name partly to eliminate confusion about membership eligibility. At least six other credit unions in Hampton Roads, including ABNB FCU in Chesapeake, Northern Star CU in Portsmouth and 1st Advantage FCU in Newport News, have switched to community charters.

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