Beach Municipal Federal Credit Union

Headquarters

4164 Virginia Beach Blvd
Virginia Beach, VA 23452
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 5.55% →
1-Year CD 0.77% 5.41% →
2-Year CD 0.90% 5.25% →
5-Year CD 1.29% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

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 $163.16 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 20394
Date Established 1970
Assets $163.16 million
Loans $85.91 million
Deposits $143.18 million
Capital $21.33 million
 

Field of Membership Restrictions

Must be an employee, appointed member or volunteer of the City of Virginia Beach.

Deposit Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.15% $1,001 - Learn More
Money Market
0.25% $2,500 $9,999 Learn More
Money Market
0.35% $10,000 $24,999 Learn More
Money Market
0.50% $25,000 $99,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 - Learn More
12 Mo CD
0.77% $10,000 - Learn More
18 Mo CD
0.83% $10,000 - Learn More
24 Mo CD
0.90% $10,000 - Learn More
30 Mo CD
0.95% $10,000 - Learn More
60 Mo CD
1.29% $500 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.30% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.956% 6.875% 0.63 $2,655 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
FHAloans.com
NMLS ID: Not a Lender
Learn More
Neighbors Bank
NMLS ID: 491986
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
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:
Ashburn,Virginia


Beach Municipal Locations



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
6.95% 6.97

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 December 31, 2023, Beach Municipal had $1,288,373 in non-current loans and $213,245 in owned assets. To cover these potential losses it had $21,330,740 in net worth and $263,833 in loans loss reserves. That gives it a Texas Ratio of 6.95%.

Net Worth
Beach Municipal U.S. Average
13.07% 13.62%

Beach Municipal FCU has a net worth of 13.07% versus the BestCashCow average of 13.62. 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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