Beacon Credit Union (IN) is headquartered in Wabash and is the 11th largest credit union in the state of Indiana. It is also the 307th largest credit union in the nation. It was established in 1931 and as of September of 2024, it had grown to 258 employees and 47,685 members at 19 locations. Beacon Credit Union (IN) has an A health rating.
Field of Membership Restrictions
Membership in Beacon Credit Union is open to those who live or work in the Indiana counties of Adams, Allen, Bartholomew, Blackford, Boone, Carroll, Cass, Clark, Clinton, Daviess, Decatur, DeKalb, Delaware, Dubois, Fayette, Fountain, Fulton, Grant, Hancock, Henry, Howard, Huntington, Jackson, Jasper, Jennings, Johnson, Knox, Kosciusko, LaPorte, Madison, Marshall, Miami, Montgomery, Morgan, Noble, Pulaski, Randolph, Rush, Shelby, Starke, Steuben, St. Joseph, Tippecanoe, Tipton, Union, Wabash, Wayne, Wells, White, or Whitley.
See current membership details
America Share Insurance Insured—NOT NCUA Insured
I was just reviewing the CU website and noticed they are NOT Federally insured. They disclose this fact clearly. This may be a no-go for some.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 82791 |
| Year Chartered | 1931 |
| Employees | 258 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 2.3% |
| Annual Interest Income | $45MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $1.53B$1.51B |
| Loans | Q3 2024vs Q3 2023 | $1.03B$993.9MM |
| Deposits | Q3 2024vs Q3 2023 | $1.21B$1.25B |
| Equity Capital | Q3 2024vs Q3 2023 | $171.1MM$144.3MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $3.4MM$3.6MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $1.1MM$1.2MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
