Beacon Credit Union (IN) is headquartered in Wabash and is the 11th largest credit union in the state of Indiana. It is also the 288th largest credit union in the nation. It was established in 1931 and as of December of 2021, it had grown to 261 employees and 46,755 members at 20 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 Adams, Allen, Bartholomew, Blackford, Carroll, Cass, Clark, Clinton, Daviess, Decatur, DeKalb, Delaware, Dubois, Fayette, Fulton, Grant, Hancock, Henry, Howard, Huntington, Jackson, Johnson, Knox, Kosciusko, Madison, Marshall, Miami, Montgomery, Morgan, Noble, Pulaski, Randolph, Rush, Shelby, Steuben, St. Joseph, Union, Wabash, Wayne, White, or Whitley Counties in Indiana.
See current membership details
Costly Fees And Rudeness
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
| Overall | |
|---|---|
| NCUA # | 82791 |
| Year Chartered | 1931 |
| Employees | 261 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 2.7% |
| Annual Interest Income | $37.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.51B$1.40B |
| Loans | Q4 2021vs Q4 2020 | $909.5MM$891.1MM |
| Deposits | Q4 2021vs Q4 2020 | $1.30B$1.19B |
| Equity Capital | Q4 2021vs Q4 2020 | $198.0MM$198.6MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $3.7MM$3.7MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $3.8MM$2.6MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$422.00K |
