Beacon Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.50%	Reward Checking	Vision Rewards Free Checking 1.82% - National Average
1.75%	5-year CD	60 Months CD 2.35% - Synchrony Bank 60 Month CD
0.60%	1-year CD	12 Months CD 1.50% - Ally Bank No Penalty 11-Month CD

View all Beacon Federal Credit Union rates »

Overview / Commentary

www.beaconfed.org

281-471-1782

2901 Sens Rd
La Porte, TX 77571

Beacon Federal Credit Union is headquartered in La Porte and is the 95^th largest credit union in the state of Texas. It is also the 1,234^th largest credit union in the nation. It was established in 1949 and as of March of 2017, it had grown to 54 employees and 17,206 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.
See current membership details

WORST BANK IVE EVER HAD

Posted by: Blake Griffin | May 5, 2016

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.

Comment

1

Health

B+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	6062
Year Chartered	1949
Employees	54
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.37%
Return on Equity - YTD	-4.84%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$152.7MM$147.5MM
Loans	Q1 2017vs Q1 2016	$85.1MM$85.2MM
Deposits	Q1 2017vs Q1 2016	$140.6MM$135.0MM
Equity Capital	Q1 2017vs Q1 2016	$11.4MM$11.8MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$639.00K$365.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$312.00K$311.00K
Real Estate Owned	Q1 2017vs Q1 2016	$7.00K$7.00K

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