Beacon Mutual

Headquarters

2301 Allentown Rd
Lima, OH 45805
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Beacon Mutual is an NCUA insured institution located in Lima, OH. It was founded in 1958 and has approximately $13.85 millions in assets.

NCUA Insured Yes
Charter Number # # 12407
Date Established 1958
Assets $13.85 million
Loans $5.22 million
Deposits $12.75 million
Capital $1.07 million
 

Deposit Rates - January 24, 2021

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Beacon Mutual

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Advertiser Disclosure

Loan Rates - January 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for BEACON MUTUAL

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

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Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.562% 2.500% 0.75 $2,030 $988 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to BEACON MUTUAL
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Branches

Below are Beacon Mutual 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:
Fairfield,Connecticut


Beacon Mutual Locations


Financial Details

Beacon Mutual Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beacon Mutual. 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 Mutual U.S. Average
7.06% 4.42

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 September 30, 2020, Beacon Mutual had $80,437 in non-current loans and $0 in owned assets. To cover these potential losses it had $1,066,955 in net worth and $71,637 in loans loss reserves. That gives it a Texas Ratio of 7.06%.

Net Worth
Beacon Mutual U.S. Average
7.7% 12.91%

Beacon Mutual FCU has a net worth of 7.7% versus the BestCashCow average of 12.91. 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 About Beacon Mutual

Branches and Savings

What is Beacon Mutual?

A credit union, registered with the NCUA under certificate #12407.
Learn more about credit unions here.

Is Beacon Mutual FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Beacon Mutual?

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

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

Beacon Mutual'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 Mutual?

Beacon Mutual has total capital of $1.07 million. Full information on Beacon Mutual's financial position is located above.

Who owns Beacon Mutual?

Credit Unions are owned by their members.

Where are Beacon Mutual branches located?

See branch locations nearby.

Are Beacon Mutual ATMs Open 24/7?

Do Beacon Mutual ATMs accept cash deposits?

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

Does Beacon Mutual have a mobile app?

Does Beacon Mutual have mobile deposit?

Does Beacon Mutual have quick pay?

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

Does Beacon Mutual report to credit bureaus?

Does Beacon Mutual use Chexsystems?

Does Beacon Mutual use Equifax?

What is Beacon Mutual's toll free phone number?

What is Beacon Mutual's ACH Routing Number?

What is Beacon Mutual's SWIFT code?

Where can I find Beacon Mutual's wire transfer form?

What is the Beacon Mutual address for deposits?

What Products Does Beacon Mutual Offer

Does Beacon Mutual offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Beacon Mutual offer auto and RV loans?

Compare auto loan rates here.

Does Beacon Mutual offer student loans or personal loans?

Compare personal loan rates here.

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