2. Beacon Federal Credit Union

Beacon Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.50%Reward Checking
2.09% - National Average
3.05%5-year CD
3.10% - American Express National Bank 60 Month CDAdvertisement
1.95%1-year CD
1.30% - National Average
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 94th largest credit union in the state of Texas. It is also the 1,186th largest credit union in the nation. It was established in 1949 and as of September of 2018, it had grown to 52 employees and 16,729 members at 6 locations. Beacon Federal Credit Union's CD rates are 2X the national average, and it has an A 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

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.

4


Health
A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #6062
Year Chartered1949
Employees52
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD9.5%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$164.9MM$159.2MM
LoansQ3 2018vs Q3 2017$94.5MM$85.7MM
DepositsQ3 2018vs Q3 2017$151.5MM$146.3MM
Equity CapitalQ3 2018vs Q3 2017$11.9MM$11.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$627.00K$681.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$174.00K$442.00K
Real Estate OwnedQ3 2018vs Q3 2017$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%$5-IRA Savings Account
0.35%$5-Roth IRA Savings Account
0.10%$5-Christmas Club Account
0.10%$5-Vacation Club Account
0.10%$100-Regular Shares Account
0.10%$5-Moe Savers

Beacon Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$25k*-Money Market Account
OTHER TIERS: 0.10% → Up to $10k | 0.25% → $10k - $25k

Beacon Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$20kVision Rewards Free Checking
OTHER TIERS: 0.10% → $20k+

Beacon Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1k-60 Month CD
3.05%$7k$100k30 Month CD Promotion - New money
2.50%$1k-36 Month CD
2.25%$1k-24 Month CD
1.95%$1k-12 Month CD
1.30%$1k-6 Month CD
0.75%$1k-3 Month CD

Beacon Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1k-60 Month IRA
3.05%$1k-60 Month Roth IRA
2.50%$1k-36 Month IRA
2.50%$1k-36 Month Roth IRA
2.25%$1k-24 Month Roth IRA
2.00%$1k-24 Month IRA
1.95%$1k-12 Month IRA
1.75%$1k-12 Month Roth IRA
1.30%$1k-6 Month IRA
1.30%$1k-6 Month Roth IRA
0.75%$1k-3 Month IRA
0.75%$1k-3 Month Roth IRA
Locations


Beacon Federal Credit Union Locations
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
Branch Office3501 Clear lake City BlvdHouston, TX 77059
Branch Office6001 E Wallisville RdBaytown, TX 77521-6533

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