Beacon Credit Union (IN)


Overview / Commentary
260-563-7443
586 S Wabash St
Wabash, IN 46992

Beacon Credit Union (IN) is headquartered in Wabash and is the 11th largest credit union in the state of Indiana. It is also the 305th largest credit union in the nation. It was established in 1931 and as of December of 2023, it had grown to 256 employees and 47,494 members at 19 locations. Beacon Credit Union (IN)'s money market rates are 8X the national average, and it has a B+ 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

Reviews (2)

America Share Insurance Insured—NOT NCUA Insured

Posted by: |

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.

Costly Fees And Rudeness

Posted by: |

Do not use this credit union for checking services. They took approximately $150 in fees from my checking account over the course of several years because their mailing address on file was incorrect after I moved. They had a perfectly good email address and phone number with which to contact me about these fees and never did so. Beacon refused to refund any portion of the fees when asked. Unflexible, rude, and uncooperative.



Health
B+

Health Grade Components

Overall
NCUA #82791
Year Chartered1931
Employees256
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.7%
Annual Interest Income$52MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.52B$1.5B
LoansQ4 2023vs Q4 2022$1.01B$955.3MM
DepositsQ4 2023vs Q4 2022$1.26B$1.29B
Equity CapitalQ4 2023vs Q4 2022$159.8MM$148.6MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.6MM$3.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.3MM$424K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Beacon Credit Union (IN); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Beacon Credit Union (IN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Savings Plus
0.20%--Health Savings Account
0.20%--IRA Savings
0.20%--Business Savings Plus

Beacon Credit Union (IN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$500k*-Business Advantage Money Market
OTHER TIERS: 1.30% $10k - $50k | 2.30% $50k - $100k | 2.80% $100k - $249k | 3.35% $250k - $500k
3.30%*$250k*-Advantage Money Market
OTHER TIERS: 0.80% $1k - $10k | 1.30% $10k - $50k | 2.30% $50k - $100k | 2.80% $100k - $249k

Beacon Credit Union (IN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kAdvantage Plus Checking
OTHER TIERS: 0.05% $10k+
0.75%*-$1kBusiness Checking Pro
OTHER TIERS: 0.25% $25k+ | 0.50% $1k - $25k
0.20%$100-Interest Advantage Checking

Beacon Credit Union (IN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$1k-11 Month CD
4.75%$1k-11 Month HSA Certificate
3.10%$100k-1 Year Jumbo CD
3.00%$1k-1 Year CD
3.00%$1k-1 Year HSA Certificate
2.81%$100k-5 Year Jumbo CD
2.70%$1k-5 Year CD
2.70%$1k-5 Year HSA Certificate
2.70%$100k-4 Year Jumbo CD
2.60%$1k-4 Year CD
2.60%$100k-3 Year Jumbo CD
2.60%$1k-4 Year HSA Certificate
2.50%$1k-3 Year CD
2.50%$1k-3 Year HSA Certificate
2.50%$100k-6 Month Jumbo CD
2.50%$100k-2 Year Jumbo CD
2.46%$100k-18 Month Jumbo CD
2.40%$1k-6 Month CD
2.40%$1k-2 Year CD
2.40%$1k-6 Month HSA Certificate
2.40%$1k-2 Year HSA Certificate
2.35%$1k-18 Month CD
2.35%$1k-18 Month HSA Certificate

Beacon Credit Union (IN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$1k-11 Month IRA Certificate
3.00%$1k-1 Year IRA Certificate
2.70%$1k-5 Year IRA Certificate
2.60%$1k-4 Year IRA Certificate
2.50%$1k-3 Year IRA Certificate
2.40%$1k-6 Month IRA Certificate
2.40%$1k-2 Year IRA Certificate
2.35%$1k-18 Month IRA Certificate
Locations

Availability



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