Beacon

586 S Wabash St
Wabash, IN 46992

Overview

General Credit Union Information

NCUA Insured No
Charter Number # # 82791
Date Established 1931
Assets $1,230.15 million
Loans $955.87 million
Deposits $989.34 million
Capital $176.76 million

Beacon is located in Wabash, In. It was founded in 1931 and has approximately $1230.15 millions in assets.

Who can join?

If you live or work in any of these 18 Indiana counties - Allen, Blackford, Carroll, Cass, DeKalb, Fulton, Grant, Howard, Huntington, Kosciusko, Pulaski, Madison, Marshall, Miami, Steuben, Wabash, White, or Whitley - you're eligible to join Beacon Credit Union.

Field of Membership Restrictions

Membership in Beacon Credit Union is open to those who live or work in Adams, Allen, Bartholomew, Blackford, Carroll, Cass, Clark, Clinton, Daviess, Decatur, DeKalb, Delaware, Dubois, Fayette, Fulton, Grant, Hancock, Henry, Howard, Huntington, Jackson, Johnson, Knox, Kosciusko, Madison, Marshall, Miami, Montgomery, Morgan, Noble, Pulaski, Randolph, Rush, Shelby, Steuben, St. Joseph, Union, Wabash, Wayne, White, or Whitley Counties in Indiana.

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD 10K
0.80% $1,000 $99,999 Learn MoreShow Less
Savings Rates (Share Account Rates) APY MIN MAX
Savings 2.5K
0.40% $1 $10,000 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.40% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.30% $100 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BEACON

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to BEACON
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Beacon 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


Beacon Locations

Financial Details

Beacon Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beacon. 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 U.S. Average
1.59% 6.15%

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. As of June 30, 2017, Beacon had $1,281,895 in non-current loans and $1,580,366 in owned assets. To cover these potential losses it had $176,763,187 in net worth and $2,926,028 in loans loss reserves. That gives it a Texas Ratio of 1.59%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a credit union has to absorb its loan losses.

Net Worth
Beacon U.S. Average
14.36% 13.03

Beacon FCU has a net worth of 14.36% versus the BestCashCow average of 13.03. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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