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Beacon Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.65%Reward CheckingVision Rewards Free Checking
1.75%5-year CD60 Months CD
0.60%1-year CD12 Months CD

Overview / Commentary
281-471-1782
2901 Sens Rd
La Porte, TX 77571

Beacon Federal Credit Union is headquartered in La Porte and is the 96th largest credit union in the state of Texas. It is also the 1,221st largest credit union in the nation. It was established in 1949 and as of March of 2016, it had grown to 58 employees and 17,147 members at 5 locations. Beacon Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships, or attends school in the Southeast Harris County areas of Baytown, La Porte and Seabrook. Membership requires a minimum deposit of $5 into the savings account.
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Reviews (1)

WORST BANK IVE EVER HAD

This is the worst bank I have ever had and I have been banking for 20 years. The customer service is terrible and they charge fees for everything. credit unions are supposed to be known for helping its members but this Credit Union only looks out for itself. They will charge overdraft fees even if something is overdrafted by $0.03 as they did with me and then they refused to refund the overdraft even though I never had an overdraft in my life. The lady was rude and said she's not going to argue with me and then I had no choice they've taken their money.


I had fraud on my account which originally caused the overdrafts. Even though the fraud money was returned they said it's not their fault the account was Frauded and refused to return the overdraft fees.

All 3 branches I've experienced the same rudeness when the credit union is in a position to help it's members but costing the bank pennies. They are a small credit union so they have to try and scam their members out of every dime they have. They promised me they would return my ATM fees if I qualified. I qualified every month but never saw a dime....lies...lies....lies.

THERE ARE MUCH BEYTER CREDIT UNIONS IN THE AREA. PLEASE RESEARCH SHELL CREDIT UNION, COMMUNITY RESOURCE CREDIT UNION, AND TDECU IN BAYTOWN, LAPORTE, PASADENA, AND CLEAR LAKE.

THESE CREDIT UNIONS WONT STEAL FROM YOU. HEDE MY WARNING BEFORE THEY TKE YOUR MONEY TOO.



Health
B+

Health Grade Components

Overall
NCUA #6062
Year Chartered1949
Employees58
Primary Regulator
Profit Margin
Return on Assets - YTD-0.03%
Return on Equity - YTD-0.34%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$147.5MM$141.5MM
LoansQ1 2016vs Q1 2015$85.2MM$83.1MM
DepositsQ1 2016vs Q1 2015$135.0MM$129.1MM
Equity CapitalQ1 2016vs Q1 2015$11.8MM$11.5MM
Loan Loss AllowanceQ1 2016vs Q1 2015$365.00K$334.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$311.00K$122.00K
Real Estate OwnedQ1 2016vs Q1 2015$7.00K$7.00K
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 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$100-IRA Savings Account
0.35%$100-Roth IRA Savings Account
0.10%--Christmas Club Account
0.10%--Vacation Club Account
0.10%$100-Regular Shares Account
0.10%--Moe Savers

Beacon Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Money Market Account
OTHER TIERS: 0.10% Up to $2,500 | 0.25% $2,500 - $25k

Beacon Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%*-$20kVision Rewards Free Checking
OTHER TIERS: 0.10% $20k+

Beacon Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$1k-60 Months CD
1.30%$1k-36 Months CD
0.95%$1k-24 Months CD
0.60%$1k-12 Months CD
0.40%$1k-6 Months CD
0.20%$1k-3 Months CD

Beacon Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$1k-60 Months IRA
1.30%$1k-36 Months IRA
0.95%$1k-24 Months IRA
0.60%$1k-12 Months IRA
0.40%$1k-6 Months IRA
0.20%$1k-3 Months IRA
Locations


Beacon Federal Credit Union Locations
Branch Office1235 Clear Lake City BlvdHouston, TX 77062
Branch Office2901 Sens RdLa Porte, TX 77571
Branch Office2812 N Alexander DrBaytown, TX 77520
Branch Office2156 Bayport BlvdSeabrook, TX 77586
Branch Office4701 East BlvdDeer Park, TX 77536