Beacon Credit Union, Incorporated
Headquarters
Po Box 4319
Lynchburg, VA 24502
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2024 Overview
General Credit Union Information
Beacon Credit Union, Incorporated is an NCUA insured institution located in Lynchburg, VA. It was founded in 1939 and has approximately $323.15 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 66965 |
| Date Established | 1939 |
| Assets | $323.15 million |
| Loans | $277.67 million |
| Deposits | $278.22 million |
| Capital | $33.72 million |
Field of Membership Restrictions
Membership in Beacon Credit Union is open to the following: (1) those who live, work, attend school or worship in Amherst, Appomattox, Bedford, Botetourt , Campbell, Roanoke, Rockbridge, and Pittsylvania Counties in Virginia; (2) those who live, work, attend school or worship in Casswell and Rockingham Counties in North Carolina; (3) those who live, work, attend school or worship in City of Lynchburg, City of Lexington, City of Buena Vista, City of Danville, City of Roanoke, City of Salem, City of Reidsville NC, City of Eden NC, Town of Altavista, Town of Appomattox, Town of Bedford. (Region 2000), and the township of Vinton.
Deposit Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
|
Money Market
|
0.30% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 12 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.20% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.01% | $2,500 | $3,499 | Learn More |
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Beacon Credit Union, Incorporated
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.380% | 6.250% | 0.88 | $4,400 | $1,971 | Learn More |
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1025894 |
6.984% | 6.875% | 0.88 | $3,545 | $2,103 | Learn More |
NMLS ID: 3030 |
7.200% | 7.125% | 0.75 | $2,400 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Beacon Credit Union, Incorporated
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Branches
Below are Beacon Credit Union, Incorporated branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Beacon Credit Union, Incorporated Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 246.87 | A | View Lobby Hours | |
| 255.75 | B | View Lobby Hours | |
| 267.04 | C | View Lobby Hours | |
| 268.35 | D | View Lobby Hours | |
| 268.41 | E | View Lobby Hours | |
| 268.63 | F | View Lobby Hours | |
| 269.32 | G | View Lobby Hours | |
| 300.48 | H | View Lobby Hours | |
| 304.12 | I | View Lobby Hours |
Climate Policy and Initiatives
BEACON CREDIT UNION, INCORPORATED is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Beacon Credit Union, Incorporated Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Beacon Credit Union, Incorporated. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Beacon Credit Union, Incorporated | U.S. Average |
|---|---|
| 5.79% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Beacon Credit Union, Incorporated had $1,735,011 in non-current loans and $269,741 in owned assets. To cover these potential losses it had $33,715,094 in net worth and $932,674 in loans loss reserves. That gives it a Texas Ratio of 5.79%.
Net Worth
| Beacon Credit Union, Incorporated | U.S. Average |
|---|---|
| 10.8% | 13.93% |
Beacon Credit Union, Incorporated FCU has a net worth of 10.8% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Beacon Credit Union, Incorporated
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