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

Beacon Credit Union is headquartered in Lynchburg and is the 34th largest credit union in the state of Virginia. It is also the 1,130th largest credit union in the nation. It was established in 1939 and as of June of 2018, it had grown to 84 employees and 26,682 members at 10 locations. Beacon Credit Union's money market rates are 59% higher than the national average, and it boasts an A+ 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.
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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 Grade Components

NCUA #66965
Year Chartered1939
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD4.67%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$179.9MM$159.7MM
LoansQ2 2018vs Q2 2017$143.9MM$131.2MM
DepositsQ2 2018vs Q2 2017$159.8MM$144.4MM
Equity CapitalQ2 2018vs Q2 2017$19.3MM$14.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.6MM$1.7MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$855.00K$1.2MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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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

1.50%*-$5kKirby Account
OTHER TIERS: 0.10% $5k+
0.50%--IRA Accounts
0.35%*$100k*-Tiered Savings
OTHER TIERS: 0.10% Up to $1k | 0.15% $1k - $5k | 0.20% $5k - $10k | 0.25% $10k - $50k | 0.30% $50k - $100k
0.10%$200-Regular Share
0.10%--Christmas Club Account
0.10%--Vacation Club

Beacon Credit Union Money Market Rates

0.70%*$50k*-Horizon Money Market Account
OTHER TIERS: 0.20% $200 - $2k | 0.45% $2k - $5k | 0.50% $5k - $10k | 0.60% $10k - $50k

Beacon Credit Union Checking Account Rates

5.05%*-$2.5kChoice Plus Checking
OTHER TIERS: 0.05% $2.5k+
0.05%$200-Preferred Checking

Beacon Credit Union CD Rates

3.00%$5k-30 Month CD Special (New Money Only)
2.55%$500-60 Months Share Certificate
2.25%$500-48 Months Share Certificate
1.95%$500-36 Months Share Certificate
1.65%$10k-11 Month CD Special (New Money Only)
1.50%$500-24 Months Share Certificate
1.30%$500-18 Months Share Certificate
1.25%$500-12 Months Share Certificate
1.25%$2.5k-6 Month CD Special (New Money Only)
1.00%$500-12 Month Bump Share Certificate
0.60%$500-Business 6 Month Share Certificate
0.50%$500-Business 3 Month Share Certificate

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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