Beacon Credit Union (IN)

Overview / Commentary
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 June of 2023, it had grown to 255 employees and 47,368 members at 19 locations. Beacon Credit Union (IN)'s CD rates are 5X 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 Grade Components

NCUA #82791
Year Chartered1931
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD2.99%
Annual Interest Income$24.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.49B$1.50B
LoansQ2 2023vs Q2 2022$968.6MM$933.9MM
DepositsQ2 2023vs Q2 2022$1.25B$1.31B
Equity CapitalQ2 2023vs Q2 2022$152.0MM$164.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$3.7MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$210.00K$1.7MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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* 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

1.06%*$100k*-Savings Plus
OTHER TIERS: 0.30% Up to $10k | 0.60% $10k - $100k
1.06%*$100k*-Health Savings Account
OTHER TIERS: 0.30% Up to $10k | 0.60% $10k - $100k
1.06%*$100k*-IRA Savings
OTHER TIERS: 0.30% Up to $10k | 0.60% $10k - $100k
1.06%*$100k*-Business Savings Plus
OTHER TIERS: 0.30% Up to $10k | 0.60% $10k - $100k

Beacon Credit Union (IN) Checking Account Rates

3.00%*-$10kAdvantage Plus Checking
OTHER TIERS: 0.05% $10k+
0.95%*$25k*-Business Checking Pro
OTHER TIERS: 0.30% Up to $1k | 0.60% $1k - $25k
0.30%$100-Interest Advantage Checking

Beacon Credit Union (IN) CD Rates

5.12%$1k-1 Year HSA Certificate
5.12%$1k-9 Month CD
5.12%$100k-9 Month Jumbo CD
4.18%$100k-1 Year Jumbo CD
4.07%$1k-1 Year CD
4.07%$1k-9 Month HSA Certificate
3.14%$100k-6 Month Jumbo CD
3.04%$1k-6 Month CD
3.04%$1k-6 Month HSA Certificate
2.89%$100k-5 Year Jumbo CD
2.78%$1k-5 Year CD
2.78%$1k-5 Year HSA Certificate
2.73%$100k-4 Year Jumbo CD
2.63%$1k-4 Year CD
2.63%$100k-3 Year Jumbo CD
2.63%$1k-4 Year HSA Certificate
2.53%$1k-3 Year CD
2.53%$1k-3 Year HSA Certificate
2.53%$100k-2 Year Jumbo CD
2.43%$1k-2 Year CD
2.43%$100k-18 Month Jumbo CD
2.43%$1k-2 Year HSA Certificate
2.32%$1k-18 Month CD
2.32%$1k-18 Month HSA Certificate

Beacon Credit Union (IN) IRA Rates

4.07%$1k-1 Year IRA Certificate
3.04%$1k-6 Month IRA Certificate
2.78%$1k-5 Year IRA Certificate
2.63%$1k-4 Year IRA Certificate
2.53%$1k-3 Year IRA Certificate
2.43%$1k-2 Year IRA Certificate
2.32%$1k-18 Month IRA Certificate


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