BEACON

586 S Wabash St
Wabash, IN 46992

 

2018 Overview

General Credit Union Information

NCUA Insured No
Charter Number # # 82791
Date Established 1931
Assets $1,235.63 million
Loans $967.07 million
Deposits $1,008.25 million
Capital $186.72 million

Beacon is located in Wabash, In. It was founded in 1931 and has approximately $1235.63 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.

Deposit Rates - December 18, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA
2.27% $50 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
1.50% $1,000 $99,999 Learn MoreShow Less
1.76% $1,000 $99,999 Learn MoreShow Less
2.27% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
2.32% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
2.42% $1,000 $99,999 Learn MoreShow Less
48 Mo CD
2.53% $1,000 $99,999 Learn MoreShow Less
60 Mo CD
2.73% $1,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.30% $100 - Learn MoreShow Less

Loan Rates - December 18, 2018

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
Ally Bank
NMLS ID: 181005
4.691% 4.625% 0.38 $2,024 $1,286 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment 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
1.99% 5.78

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, 2018, Beacon had $2,304,438 in non-current loans and $1,487,224 in owned assets. To cover these potential losses it had $186,722,114 in net worth and $3,941,047 in loans loss reserves. That gives it a Texas Ratio of 1.99%.

Net Worth
Beacon U.S. Average
15.11% 13.21%

Beacon FCU has a net worth of 15.11% versus the BestCashCow average of 13.21. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions On Beacon

What is Beacon?

A federal credit union, registered with the NCUA under certificate #82791.
Learn more about credit unions here.

Is Beacon FDIC insured?

No, Beacon credit union is not insured by the FDIC because it is not a bank. Because it is state chartered and not federally chartered, it is also not insured by the NCUA. Deposits may or may not be insured by private deposit insurance and you should check with the state chartering organization to confirm whether and to what level your deposits are required to be protected.

Who can join Beacon?

Please see Field of Membership information above for information on who is eligible to join.

What are Beacon's share account and share certificate rates?

Beacon's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Beacon?

Beacon has total capital of $186.72 million. Full information on Beacon's financial position is located above.

Who owns Beacon?

Credit Unions are owned by their members.

Where are Beacon branches located?

See branch locations nearby.

Are Beacon ATMs Open 24/7?

Do Beacon ATMs accept cash deposits?

Can Beacon customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Beacon have a mobile app?

Does Beacon have mobile deposit?

Does Beacon have quick pay?

How can Beacon transfer money to other banks or credit unions?

Does Beacon report to credit bureaus?

Does Beacon use Chexsystems?

Does Beacon use Equifax?

What is Beacon's toll free phone number?

What is Beacon's ACH Routing Number?

What is Beacon's SWIFT code?

Where can I find Beacon's wire transfer form?

What is the Beacon address for deposits?

What Products Does Beacon Offer

Does Beacon offer mortgages?

Compare mortgage rates here.

Does Beacon offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Beacon offer auto and RV loans?

Compare auto loan rates here.

Does Beacon offer student loans or personal loans?

Compare personal loan rates here.

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*All images, logos and public notes on this page appear courtesy of Beacon and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.