Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
800-363-6022
7910 National Tpke
Louisville, KY 40214

Beacon Community Credit Union is headquartered in Louisville and is the 20th largest credit union in the state of Kentucky. It is also the 2,227th largest credit union in the nation. It was established in 1947 and as of March of 2014, it had grown to 23 employees and 10,060 members. Beacon Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of one of the several Select Employee Groups. - See Details

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Beacon Community Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Beacon Community Credit Union had $150,000 in non-current loans and owned real-estate with $5.91 million in equity and loan loss allowances on hand to cover it. This gives Beacon Community Credit Union a Texas Ratio of 2.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Beacon Community Credit Union experienced no significant changes from 1.51% as of March 31, 2013 to 2.54% as of March 31, 2014, resulting in a negative change of 68.58%. This indicates that the balance sheet and financial strength for Beacon Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Beacon Community Credit Union has increased its total deposits by $1.34 million, resulting in 2.94% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Beacon Community Credit Union has shown is above average.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Beacon Community Credit Union has $53.32 million in assets with $5.91 million in equity, resulting in a capitalization level of 11.08%, which is excellent.

Institution Statistics

Overall
NCUA #60883
Year Chartered1947
Employees23
Primary Regulator
Assets and Liabilities
Assets$53.32 million
Loans$18.74 million
Deposits$47.04 million
Equity Capital$5.80 million
Loan Loss Allowance$107,000
Unbacked Noncurrent Loans$150,000
Real Estate Owned$0
Historic Data - March 2013
Assets$52.05 million
Equity Capital$5.72 million
Loan Loss Allowance$120,000
Unbacked Noncurrent Loans$150,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.4%
Return on Assets0.61%
Return on Equity5.58%
Interest Income$381,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Beacon Community Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Beacon Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100-IRA Savings
0.40%$100-Roth IRA Savings
0.40%$100-CESA Savings
0.15%$100-Regular Share Savings
0.15%$100-Club Account

Beacon Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$10k-Money Market Account

Beacon Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.08%--Go Green Share Draft

Beacon Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$500-60 Month Share Certificate
1.30%$500-48 Month Share Certificate
1.10%$500-36 Month Share Certificate
0.85%$500-24 Month Share Certificate
0.60%$500-18 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate

Beacon Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%$500-60 Month IRA Certificate
1.30%$500-48 Month IRA Certificate
1.10%$500-36 Month IRA Certificate
0.85%$500-24 Month IRA Certificate
0.60%$500-18 Month IRA Certificate
0.50%$500-12 Month IRA Certificate
Locations


Beacon Community Credit Union Locations
Branch Office138 Orion DrShepherdsville, KY 40165
Branch Office128 Rochester DrLouisville, KY 40214
Branch Office7910 National TpkeLouisville, KY 40214