Beacon Credit Union, Incorporated

Headquarters

Po Box 4319
Lynchburg, VA 24502
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.55% →
1-Year CD 0.30% 5.41% →
2-Year CD 0.35% 5.25% →
5-Year CD 0.50% 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

Beacon Credit Union, Incorporated is an NCUA insured institution located in Lynchburg, VA. It was founded in 1939 and has approximately $304.07 millions in assets.

NCUA Insured Yes / State-Chartered
Charter Number # # 66965
Date Established 1939
Assets $304.07 million
Loans $257.52 million
Deposits $260.09 million
Capital $33.01 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 - May 17, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.45% $10,000 $14,999 Learn More
48 Mo CD
0.45% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - May 17, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.967% 6.875% 0.75 $2,988 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More
FHAloans.com
NMLS ID: Not a Lender
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 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:
Ashburn,Virginia


Beacon Credit Union, Incorporated Locations



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
7.72% 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, Beacon Credit Union, Incorporated had $2,422,111 in non-current loans and $196,978 in owned assets. To cover these potential losses it had $33,010,684 in net worth and $932,674 in loans loss reserves. That gives it a Texas Ratio of 7.72%.

Net Worth
Beacon Credit Union, Incorporated U.S. Average
10.99% 13.62%

Beacon Credit Union, Incorporated FCU has a net worth of 10.99% 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 Beacon Credit Union, Incorporated

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