Beacon Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 5.05% | Reward Checking | Choice Plus Checking 1.75% - National Average |
| 1.15% | 4-year CD | 48 Months Share Certificate |
| 1.30% | 5-year CD | 60 Months Share Certificate 1.85% - Synchrony Bank 60 Month CD |
Beacon Credit Union is headquartered in Lynchburg and is the 34th largest credit union in the state of Virginia. It is also the 1,121st largest credit union in the nation. It was established in 1939 and as of June of 2016, it had grown to 79 employees and 26,812 members at 9 locations. Beacon Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Beacon CU is open to anyone who resides, works, is a business in, an accredited institution in, attends church, or is a registered student in any of the site listed counties or cities, or was a CU member of a CU that got carried over in conversion, as well as the spouse, widow, widower, CU employee, or an immediate family member of a CU member. The full list of eligible counties, cities and converted CU's can be viewed on the Beacon CU website, on the 'about-us' page under the 'eligibility' heading.
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 Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66965 |
| Year Chartered | 1939 |
| Employees | 79 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 4.96% |
| Annual Interest Income | $4.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $167.0MM$145.3MM |
| Loans | Q2 2016vs Q2 2015 | $127.6MM$125.5MM |
| Deposits | Q2 2016vs Q2 2015 | $151.5MM$131.6MM |
| Equity Capital | Q2 2016vs Q2 2015 | $14.2MM$13.1MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $759.00K$913.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.4MM$1.1MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
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.
Beacon Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.01%* | - | $5k | Kirby Account | ||
| OTHER TIERS: 0.20% → $5k+ | |||||
| 0.75% | - | - | IRA Accounts | ||
| 0.75% | - | - | Roth IRA Accounts | ||
| 0.75% | - | - | Coverdell Education Savings Account | ||
| 0.45%* | $100k* | - | Tiered Savings | ||
| OTHER TIERS: 0.20% → Up to $1k | 0.25% → $1k - $5k | 0.30% → $5k - $10k | 0.35% → $10k - $50k | 0.40% → $50k - $100k | |||||
| 0.20% | $200 | - | Regular Share | ||
| 0.20% | - | - | Christmas Club Account | ||
| 0.20% | - | - | Vacation Club | ||
Beacon Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $50k* | - | Horizon Money Market Account | ||
| OTHER TIERS: 0.30% → $2k - $5k | 0.35% → $5k - $10k | 0.45% → $10k - $50k | |||||
Beacon Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 5.05%* | - | $2,500 | Choice Plus Checking | ||
| OTHER TIERS: 0.10% → $2,500+ | |||||
| 0.10% | $200 | - | Preferred Checking | ||
Beacon Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.30% | $500 | - | 60 Months Share Certificate | |
| 1.15% | $500 | - | 48 Months Share Certificate | |
| 1.06% | $500 | - | 36 Months Share Certificate | |
| 0.95% | $500 | - | 24 Months Share Certificate | |
| 0.85% | $500 | - | 18 Months Share Certificate | |
| 0.65% | $500 | - | 12 Months Share Certificate | |
| 0.50% | $500 | - | 12 Month Bump Share Certificate | |
| 0.40% | $500 | - | Business 6 Month Share Certificate | |
| 0.30% | $500 | - | Business 3 Month Share Certificate |
| Beacon Credit Union Locations | ||
|---|---|---|
| Branch Office | 155 Amelon Sq | Madison Heights, VA 24572-6259 |
| Branch Office | 404 Anderson St | Glasgow, VA 24555 |
| Branch Office | 2293 Magnolia Ave | Buena Vista, VA 24416 |
| Branch Office | 19029 Forest Rd | Lynchburg, VA 24502 |
| Branch Office | 3320 Riverside Dr | Danville, VA 24541 |
| Branch Office | 6320 Logans Ln | Lynchburg, VA 24502 |
| Branch Office | 1901 Goodyear Blvd | Danville, VA 24541 |
| Branch Office | 107 Leroy Bowen Dr | Lynchburg, VA 24502 |
| Branch Office | 2134 Langhorne Rd | Lynchburg, VA 24501 |