Beacon Credit Union


Overview / Commentary
434-237-1566 ext. 217
107 Leroy Bowen Dr
Lynchburg, VA 24502

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

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Reviews (2)

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.

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



Health
B+

Health Grade Components

Overall
NCUA #66965
Year Chartered1939
Employees88
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD6.07%
Annual Interest Income$8.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$184.7MM$177.3MM
LoansQ4 2018vs Q4 2017$152.8MM$142.5MM
DepositsQ4 2018vs Q4 2017$164.3MM$157.6MM
Equity CapitalQ4 2018vs Q4 2017$19.7MM$19.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.4MM$1.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.6MM$1.3MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates

Rates for Beacon Credit Union are currently being reviewed.

Locations


Cities: Buena Vista, Danville, Glasgow, Lynchburg, Madison Heights

Buena Vista Branches
Branch Office2293 Magnolia AveBuena Vista, VA 24416

Danville Branches
Branch Office630 Piney Forest RdDanville, VA 24540
Branch Office1901 Goodyear BlvdDanville, VA 24541
Branch Office320 Old Riverside DrDanville, VA 24541-3454

Glasgow Branches
Branch Office404 Anderson StGlasgow, VA 24555

Lynchburg Branches
Branch Office19029 Forest RdLynchburg, VA 24502
Branch Office6320 Logans LnLynchburg, VA 24502
Branch Office107 Leroy Bowen DrLynchburg, VA 24502
Branch Office2134 Langhorne RdLynchburg, VA 24501

Madison Heights Branches
Branch Office155 Amelon SqMadison Heights, VA 24572-6259

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