Beacon Credit Union is headquartered in Lynchburg and is the 33rd largest credit union in the state of Virginia. It is also the 1,110th largest credit union in the nation. It was established in 1939 and as of December of 2018, it had grown to 88 employees and 26,512 members at 10 locations. Beacon Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Beacon Credit Union is open those who live, work, worship, or attend school in the Virginia counties of Amherst, Appomattox, Bedford, Botetourt, Campbell, Roanoke, Rockbridge, or Pittsylvania; the North Carolina counties of Casswell or Rockingham; the Virginia cities/towns of Altavista, Appomattox, Bedford, Buena Vista, Danville, Lexington, Lynchburg, Roanoke, Salem, or Vinton; the North Carolina cities of Eden or Reidsville.
See current membership details
Related Posts
The Home Of High Interest Checking
When you hear about high interest checking accounts you're normally waiting for the other shoe to drop. There's usually a catch like enormously high deposit requirements or unreasonable penalties if you don't meet the monthly requirements.
I found a checking account at a credit union in my town that offers a big rate with small requirements and they are probably one of the best kept secrets around. I was suprised that I didn't have to give up any of my debit card or online banking services to go with a credit union versus a big bank.
I can recommend Beacon if you live in their service area.
Never Again!
If u have to get any sort of loan NEVER go with Beacon Credit union. They r horrible! I have never had a company charge me $10 for paying over the phone for a convenience charge then after an update of their system they charge $10 for paying online! That's total BS! I can understand if I am late on payments but don't punish your customers for paying their bill on time NEVER AGAIN! I wish I could get a different loan company for my truck to finish payments! The only reason they got 1 star is because I had to review
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66965 |
| Year Chartered | 1939 |
| Employees | 88 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 6.07% |
| Annual Interest Income | $8.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $184.7MM$177.3MM |
| Loans | Q4 2018vs Q4 2017 | $152.8MM$142.5MM |
| Deposits | Q4 2018vs Q4 2017 | $164.3MM$157.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $19.7MM$19.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.4MM$1.8MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.6MM$1.3MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates for Beacon Credit Union are currently being reviewed.
| Buena Vista Branches | ||
|---|---|---|
| Branch Office | 2293 Magnolia Ave | Buena Vista, VA 24416 |
| Danville Branches | ||
|---|---|---|
| Branch Office | 630 Piney Forest Rd | Danville, VA 24540 |
| Branch Office | 1901 Goodyear Blvd | Danville, VA 24541 |
| Branch Office | 320 Old Riverside Dr | Danville, VA 24541-3454 |
| Glasgow Branches | ||
|---|---|---|
| Branch Office | 404 Anderson St | Glasgow, VA 24555 |
| Lynchburg Branches | ||
|---|---|---|
| Branch Office | 19029 Forest Rd | Lynchburg, VA 24502 |
| Branch Office | 6320 Logans Ln | Lynchburg, VA 24502 |
| Branch Office | 107 Leroy Bowen Dr | Lynchburg, VA 24502 |
| Branch Office | 2134 Langhorne Rd | Lynchburg, VA 24501 |
| Madison Heights Branches | ||
|---|---|---|
| Branch Office | 155 Amelon Sq | Madison Heights, VA 24572-6259 |