Beacon Federal Credit Union is headquartered in La Porte and is the 93rd largest credit union in the state of Texas. It is also the 1,188th largest credit union in the nation. It was established in 1949 and as of March of 2019, it had grown to 54 employees and 16,915 members at 6 locations. Beacon Federal Credit Union's CD rates are 3X the national average, and it 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
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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.
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6062 |
| Year Chartered | 1949 |
| Employees | 54 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 7.85% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $169.9MM$169.8MM |
| Loans | Q1 2019vs Q1 2018 | $93.6MM$87.6MM |
| Deposits | Q1 2019vs Q1 2018 | $155.5MM$157.0MM |
| Equity Capital | Q1 2019vs Q1 2018 | $12.9MM$11.4MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $523.00K$679.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $188.00K$98.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $7.00K$7.00K |
Always verify rates and promotions with the bank or credit union. We are not Beacon Federal 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 Federal Credit Union Savings Account Rates
Beacon Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $25k* | - | Money Market Account | ||
| OTHER TIERS: 0.25% → Up to $10k | 0.50% → $10k - $25k | |||||
Beacon Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.50%* | - | $20k | Vision Rewards Free Checking | ||
| OTHER TIERS: 0.10% → $20k+ | |||||
Beacon Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.25% | $1k | - | 60 Month CD | |
| 2.80% | $1k | - | 36 Month CD | |
| 2.55% | $1k | - | 24 Month CD | |
| 2.35% | $1k | - | 12 Month CD | |
| 1.70% | $1k | - | 6 Month CD | |
| 1.05% | $1k | - | 3 Month CD |
Beacon Federal Credit Union IRA Rates
| Beacon Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2901 Sens Rd | La Porte, TX 77571 |
| Branch Office | 2812 N Alexander Dr | Baytown, TX 77520 |
| Branch Office | 2156 Bayport Blvd | Seabrook, TX 77586 |
| Branch Office | 4701 East Blvd | Deer Park, TX 77536 |
| Branch Office | 3501 Clear lake City Blvd | Houston, TX 77059 |
| Branch Office | 6001 E Wallisville Rd | Baytown, TX 77521-6533 |