Beacon Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
5.05%	Reward Checking	Choice Plus Checking 1.82% - National Average
1.10%	4-year CD	48 Months Share Certificate 1.50% - Ally Bank Raise Your Rate 4-Year CD
1.25%	5-year CD	60 Months Share Certificate 2.35% - Synchrony Bank 60 Month CD

View all Beacon Credit Union rates »

Overview / Commentary

www.mybcu.org

434-237-1566 ext. 217

107 Leroy Bowen Dr
Lynchburg, VA 24502

Beacon Credit Union is headquartered in Lynchburg and is the 36^th largest credit union in the state of Virginia. It is also the 1,179^th largest credit union in the nation. It was established in 1939 and as of March of 2017, it had grown to 77 employees and 25,334 members at 9 locations. Beacon Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Beacon Credit Union is open to the following: (1) those who live, work, attend school or worship in Amherst, Appomattox, Bedford, Botetourt , Campbell, Roanoke, Rockbridge, and Pittsylvania Counties in Virginia; (2) those who live, work, attend school or worship in Casswell and Rockingham Counties in North Carolina; (3) those who live, work, attend school or worship in City of Lynchburg, City of Lexington, City of Buena Vista, City of Danville, City of Roanoke, City of Salem, City of Reidsville NC, City of Eden NC, Town of Altavista, Town of Appomattox, Town of Bedford. (Region 2000), and the township of Vinton.
See current membership details

The Home Of High Interest Checking

Posted by: hokie | Nov 14, 2011

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.

Comment

4

Never Again!

Posted by: Aspen Oituar | Jun 3, 2016

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

Comment

2

Health

B+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	66965
Year Chartered	1939
Employees	77
Primary Regulator

Profit Margin
Return on Assets - YTD	0.04%
Return on Equity - YTD	0.52%
Annual Interest Income	$2.0MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$163.4MM$164.9MM
Loans	Q1 2017vs Q1 2016	$131.3MM$129.3MM
Deposits	Q1 2017vs Q1 2016	$149.2MM$150.1MM
Equity Capital	Q1 2017vs Q1 2016	$13.9MM$13.9MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$1.5MM$804.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.1MM$1.5MM
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Beacon Credit Union; 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.