Overview / Commentary
Beacon Federal Credit Union is headquartered in La Porte and is the 103rd largest credit union in the state of Texas. It is also the 1,266th largest credit union in the nation. It was established in 1949 and as of June of 2024, it had grown to 44 employees and 14,936 members at 4 locations. Beacon Federal Credit Union's CD rates are 5X 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
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 6062 |
| Year Chartered | 1949 |
| Employees | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 5.66% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $201.4MM$197.7MM |
| Loans | Q2 2024vs Q2 2023 | $108.4MM$109.8MM |
| Deposits | Q2 2024vs Q2 2023 | $188.3MM$187MM |
| Equity Capital | Q2 2024vs Q2 2023 | $11.9MM$9.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $306K$309K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $356K$123K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |