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Overview / Commentary
281-471-1782
P.O. Box 1704
La Porte, TX 77572

Beacon Federal Credit Union is headquartered in La Porte and is the 97th largest credit union in the state of Texas. It is also the 1,253rd largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 47 employees and 16,056 members. Beacon Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships, or attends school in the Southeast Harris County areas of Baytown, La Porte and Seabrook. Membership requires a minimum deposit of $5 into the savings account. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Beacon Federal Credit Union had $257,000 in non-current loans and owned real-estate with $10.88 million in equity and loan loss allowances on hand to cover it. This gives Beacon Federal Credit Union a Texas Ratio of 2.36% 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 Federal Credit Union experienced no significant changes from 2.07% as of December 31, 2012 to 2.36% as of December 31, 2013, resulting in a negative change of 13.91%. This indicates that the balance sheet and financial strength for Beacon Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Beacon Federal Credit Union has increased its total deposits by $2.96 million, resulting in 2.57% 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 Federal Credit Union has shown is above average.

Capitalization

GRADE:
C

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 Federal Credit Union has $129.1 million in assets with $10.88 million in equity, resulting in a capitalization level of 8.43%, which is average.

Institution Statistics

Overall
NCUA #6062
Year Chartered1949
Employees47
Primary Regulator
Assets and Liabilities
Assets$129.10 million
Loans$80.44 million
Deposits$117.85 million
Equity Capital$10.55 million
Loan Loss Allowance$333,000
Unbacked Noncurrent Loans$241,000
Real Estate Owned$16,000
Historic Data - December 2012
Assets$125.51 million
Equity Capital$9.96 million
Loan Loss Allowance$408,000
Unbacked Noncurrent Loans$241,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.75%
Return on Assets0.54%
Return on Equity6.61%
Interest Income$4.67 million
Rates

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

Beacon Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$100-IRA Savings
0.35%$100-Roth IRA Savings
0.10%--Schooner Savers
0.10%--Christmas Club
0.10%--Hunting & Fishing
0.10%--Vacation Club
0.10%$100-Regular Shares

Beacon Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$25k-Money Market

Beacon Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.65%-$20kVision Rewards Free Checking
0.05%--Vision Rewards Free Checking

Beacon Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.70%$1k-60 Month Share Certificate
1.20%$1k-36 Month Share Certificate
0.95%$1k-24 Month Share Certificate
0.70%$1k-12 Month Share Certificate
0.50%$1k-6 Month Share Certificate
0.35%$1k-3 Month Share Certificate

Beacon Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.70%$1k-60 Month IRA Certificate
1.70%$1k-60 Month Roth IRA Certificate
1.20%$1k-36 Month IRA Certificate
1.20%$1k-36 Month Roth IRA Certificate
0.95%$1k-24 Month IRA Certificate
0.95%$1k-24 Month Roth IRA Certificate
0.70%$1k-12 Month IRA Certificate
0.70%$1k-12 Month Roth IRA Certificate
0.50%$1k-6 Month IRA Certificate
0.50%$1k-6 Month Roth IRA Certificate
0.35%$1k-3 Month IRA Certificate
0.35%$1k-3 Month Roth IRA Certificate
Locations


Beacon Federal Credit Union Locations
Branch Office1235 Clear Lake City BlvdHouston, TX 77062
Branch Office2901 Sens RdLa Porte, TX 77571
Branch Office2812 N Alexander DrBaytown, TX 77520
Branch Office2156 Bayport BlvdSeabrook, TX 77586