Featured Savings Rates
Featured Accounts

Beacon Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
5.05%Reward CheckingChoice Plus Checking
1.15%4-year CD48 Months Share Certificate
1.30%5-year CD60 Months Share Certificate

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

Beacon Credit Union is headquartered in Lynchburg and is the 36th largest credit union in the state of Virginia. It is also the 1,129th largest credit union in the nation. It was established in 1939 and as of March of 2016, it had grown to 77 employees and 26,694 members at 10 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

Beacon Credit Union (VA/NC) Offers Competitive 48-Month CD - 3/17/2016

Beacon Credit Union (Virginia and North Carolina) has raised the rate on its 48-month CD (2.12% APY). The minimum opening deposit is $500, with no balance cap.

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
Employees77
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD3.82%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$164.9MM$146.6MM
LoansQ1 2016vs Q1 2015$129.3MM$120.1MM
DepositsQ1 2016vs Q1 2015$150.1MM$131.9MM
Equity CapitalQ1 2016vs Q1 2015$13.9MM$13.0MM
Loan Loss AllowanceQ1 2016vs Q1 2015$804.00K$825.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$1.5MM$693.00K
Real Estate OwnedQ1 2016vs Q1 2015$0$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%*-$5kKirby 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.05%*-$2,500Choice Plus Checking
OTHER TIERS: 0.10% $2,500+
0.10%$200-Preferred Checking

Beacon Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
Locations


Beacon Credit Union Locations
Branch Office155 Amelon SqMadison Heights, VA 24572-6259
Branch Office404 Anderson StGlasgow, VA 24555
Branch Office2293 Magnolia AveBuena Vista, VA 24416
Branch Office1013 Mountain View Heights RdBig Island, VA 24526
Branch Office19029 Forest RdLynchburg, VA 24502
Branch Office3320 Riverside DrDanville, VA 24541
Branch Office6320 Logans LnLynchburg, VA 24502
Branch Office1901 Goodyear BlvdDanville, VA 24541
Branch Office107 Leroy Bowen DrLynchburg, VA 24502
Branch Office2134 Langhorne RdLynchburg, VA 24501