Beach Municipal Federal Credit Union
Headquarters
4164 Virginia Beach Blvd
Virginia Beach, VA 23452
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2024 Overview
General Credit Union Information
Beach Municipal is an NCUA insured institution located in Virginia Beach, VA. It was founded in 1970 and has approximately $166.89 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 20394 |
| Date Established | 1970 |
| Assets | $166.89 million |
| Loans | $87.97 million |
| Deposits | $145.56 million |
| Capital | $21.74 million |
Field of Membership Restrictions
Must be an employee, appointed member or volunteer of the City of Virginia Beach.
Deposit Rates - July 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $1,001 | - |
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|
|
Money Market
|
0.25% | $2,500 | $9,999 |
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|
|
Money Market
|
0.35% | $10,000 | $24,999 |
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|
|
Money Market
|
0.50% | $25,000 | $99,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | - |
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|
| 12 Mo CD
|
0.77% | $10,000 | - |
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|
| 18 Mo CD
|
0.83% | $10,000 | - |
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|
| 24 Mo CD
|
0.90% | $10,000 | - |
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|
| 30 Mo CD
|
0.95% | $10,000 | - |
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|
| 60 Mo CD
|
1.29% | $500 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.30% | $1 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1 | - | Learn More |
Loan Rates - July 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Beach Municipal
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 |
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|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.116% | 6.000% | 0.75 | $4,000 | $1,919 | Learn More |
NMLS ID: 6606 |
6.585% | 6.490% | 1.00 | $3,178 | $2,021 | Learn More |
NMLS ID: 401822 |
6.656% | 6.500% | 0.63 | $5,203 | $2,023 | Learn More |
NMLS ID: 1025894 |
6.701% | 6.625% | 0.63 | $2,505 | $2,049 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Beach Municipal
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Branches
Below are Beach Municipal 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
Beach Municipal Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 423.53 | A | View Lobby Hours | |
| 429.11 | B | View Lobby Hours | |
| 429.46 | C | View Lobby Hours | |
| 458.27 | D | View Lobby Hours |
Climate Policy and Initiatives
BEACH MUNICIPAL 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
Beach Municipal Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Beach Municipal. 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
| Beach Municipal | U.S. Average |
|---|---|
| 7.62% | 6.52 |
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 March 31, 2024, Beach Municipal had $1,464,339 in non-current loans and $213,245 in owned assets. To cover these potential losses it had $21,738,885 in net worth and $263,833 in loans loss reserves. That gives it a Texas Ratio of 7.62%.
Net Worth
| Beach Municipal | U.S. Average |
|---|---|
| 13.03% | 13.65% |
Beach Municipal FCU has a net worth of 13.03% versus the BestCashCow average of 13.65. 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 Beach Municipal
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