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.
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
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.
Overall | |
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NCUA # | 6062 |
Year Chartered | 1949 |
Employees | 45 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.42% |
Return on Equity - YTD | 9.11% |
Annual Interest Income | $5.4MM |
Assets and Liabilities | ||
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Assets | Q4 2022vs Q4 2021 | $198.0MM$206.4MM |
Loans | Q4 2022vs Q4 2021 | $110.8MM$100.6MM |
Deposits | Q4 2022vs Q4 2021 | $188.2MM$191.5MM |
Equity Capital | Q4 2022vs Q4 2021 | $9.1MM$14.1MM |
Loan Loss Allowance | Q4 2022vs Q4 2021 | $254.00K$298.00K |
Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $280.00K$521.00K |
Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
Rates for Beacon Federal Credit Union are currently being reviewed.
Beacon Federal Credit Union Locations | ||
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Branch Office | 2901 Sens Rd | La Porte, TX 77571 |
Branch Office | 2812 N Alexander Dr | Baytown, TX 77520 |
Branch Office | 2226 Repsdorph Rd | Seabrook, TX 77586 |
Branch Office | 4701 East Blvd | Deer Park, TX 77536 |