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BEACON FEDERAL CREDIT UNION

Mar, 31, 2022 — BEACON FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, TX with 5 branch locations and about $204.46 million in total assets. Opened 73 years ago in 1949, BEACON FEDERAL CREDIT UNION has about 16,153 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 313085495
Name:BEACON FEDERAL CREDIT UNION
Address:
(Main Office)
2901 Sens Rd
LA PORTE, TX 77571
Phone:(281) 471-1782
Fax:(281) 470-9287
Website:http://www.beaconfed.org
Branches:5 branch locations
Members:16,153
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$204,460,626
CEO/Manager:Jack V McAdoo
Chairperson:Cliff Walker

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,683,972
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 18,833,521
 Unsecured Loans 8,545,820
 Other Loans 70,526,230
 TOTAL LOANS 102,322,099
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -270,266
 Land And Building 4,138,049
 Other Fixed Assets 596,687
 NCUSIF Deposit 1,821,799
 All Other Assets 9,396
  TOTAL ASSETS 204,460,626
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 644,534
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 58,371,737
 Regular shares 86,806,282
 All Other Shares & Deposits 47,115,066
  TOTAL SHARES & DEPOSITS 192,293,085
  TOTAL LIABILITIES 192,937,619
 Regular Reserve 0
 Other Reserves -3,145,444
 Undivided Earnings 14,668,451
  TOTAL EQUITY 11,523,007
  TOTAL LIABILITIES, SHARES, & EQUITY 204,460,626
INCOME & EXPENSE  
 Loan Income 1,026,194
 Investment Income 226,422
 Other Income 370,034
 Total Employee Compensation & Benefits 904,658
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 921,080
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 39,017
 Cost of Funds 126,911
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 242,536
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