Sep, 30, 2025 — BEACON FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, TX with 5 branch locations and about $199.91 million in total assets. Opened 77 years ago in 1949, BEACON FEDERAL CREDIT UNION has about 14,119 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEACON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2901 Sens Rd LA PORTE, TX 77571 |
| Phone: | (281) 471-1782 |
| Fax: | (281) 470-9287 |
| Website: | https://www.beaconfed.org |
| Branches: | 5 branch locations |
| Members: | 14,119 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6062 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $199,910,937 |
| CEO/Manager: | Jack V McAdoo |
| Chairperson: | Eileen Hall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,381,027 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,413,471 |
| Unsecured Loans | 9,744,519 |
| Other Loans | 60,381,798 |
| TOTAL LOANS | 100,090,184 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -314,285 |
| Land And Building | 3,991,962 |
| Other Fixed Assets | 687,975 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,807,475 |
| All Other Assets | 40,976 |
| TOTAL ASSETS | 199,910,937 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,382,296 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 54,482,872 |
| Regular shares | 76,296,599 |
| All Other Shares & Deposits | 51,930,853 |
| TOTAL SHARES & DEPOSITS | 182,710,324 |
| TOTAL LIABILITIES | 184,092,620 |
| Regular Reserve | 0 |
| Other Reserves | -1,700,543 |
| Undivided Earnings | 17,518,860 |
| TOTAL EQUITY | 15,818,317 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 199,910,937 |
| INCOME & EXPENSE | |
| Loan Income | 4,644,509 |
| Investment Income | 1,905,792 |
| Other Income | 1,088,897 |
| Total Employee Compensation & Benefits | 3,131,979 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,312,096 |
| Non-operating Income & (Expense) | -5 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,751 |
| Cost of Funds | 1,284,000 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,185,506 |
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