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.
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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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.
The Texas Ratio for Beacon Federal Credit Union held steady 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 held steady in recent periods.
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.
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.
|Assets and Liabilities|
|Equity Capital||$10.55 million|
|Loan Loss Allowance||$333,000|
|Unbacked Noncurrent Loans||$241,000|
|Real Estate Owned||$16,000|
|Historic Data - December 2012|
|Equity Capital||$9.96 million|
|Loan Loss Allowance||$408,000|
|Unbacked Noncurrent Loans||$241,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.75%|
|Return on Assets||0.54%|
|Return on Equity||6.61%|
|Interest Income||$4.67 million|
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|0.35%||$100||-||Roth IRA Savings|
|0.10%||-||-||Hunting & Fishing|
|1.65%||-||$20k||Vision Rewards Free Checking|
|0.05%||-||-||Vision Rewards Free Checking|
|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|
|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|
|Beacon Federal Credit Union Locations|
|Branch Office||1235 Clear Lake City Blvd||Houston, TX 77062|
|Branch Office||2901 Sens Rd||La Porte, TX 77571|
|Branch Office||2812 N Alexander Dr||Baytown, TX 77520|
|Branch Office||2156 Bayport Blvd||Seabrook, TX 77586|