Beacon Federal Credit Union


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

Beacon Federal Credit Union is headquartered in La Porte and is the 101st largest credit union in the state of Texas. It is also the 1,257th largest credit union in the nation. It was established in 1949 and as of December of 2022, it had grown to 45 employees and 15,145 members at 4 locations. Beacon Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Beacon Federal Credit Union is open to all who live, work, worship, or attend school in eastern Harris County, Texas, including the cities of Baytown, Clear Lake, Deer Park, Friendswood, La Porte, Pasadena, Pearland, Seabrook, South Houston, and Webster.
See current membership details

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

Health Grade Components

Overall
NCUA #6062
Year Chartered1949
Employees45
Primary Regulator
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD9.11%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$198.0MM$206.4MM
LoansQ4 2022vs Q4 2021$110.8MM$100.6MM
DepositsQ4 2022vs Q4 2021$188.2MM$191.5MM
Equity CapitalQ4 2022vs Q4 2021$9.1MM$14.1MM
Loan Loss AllowanceQ4 2022vs Q4 2021$254.00K$298.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$280.00K$521.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0
Rates

Rates for Beacon Federal Credit Union are currently being reviewed.

Locations


Beacon Federal Credit Union Locations
Branch Office2901 Sens RdLa Porte, TX 77571
Branch Office2812 N Alexander DrBaytown, TX 77520
Branch Office2226 Repsdorph RdSeabrook, TX 77586
Branch Office4701 East BlvdDeer Park, TX 77536

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