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BEACON FEDERAL CREDIT UNION

Jun, 30, 2021 — BEACON FEDERAL CREDIT UNION is a federal credit union headquartered in La Porte, TX with 5 branch locations and about $203.70 million in total assets. Opened 72 years ago in 1949, BEACON FEDERAL CREDIT UNION has about 15,909 members and employs 50 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)
PO Box 1704
La Porte, TX 77572
Phone:(281) 471-1782
Fax:(281) 470-9287
Website:http://www.beaconfed.org
Branches:5 branch locations
Members:15,909
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$203,704,187
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 8,334,846
TOTAL INVESTMENTS 79,354,023
Loans Held for Sale 0
 
 Real Estate Loans 18,850,557
 Unsecured Loans 8,743,501
 Other Loans 69,079,968
 TOTAL LOANS 101,032,733
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -295,290
 Land And Building 2,352,243
 Other Fixed Assets 2,461,190
 NCUSIF Deposit 1,746,263
 All Other Assets 8,718,179
  TOTAL ASSETS 203,704,187
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 812,469
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 54,110,863
 Regular shares 82,834,243
 All Other Shares & Deposits 51,130,410
  TOTAL SHARES & DEPOSITS 188,075,516
  TOTAL LIABILITIES 188,887,985
 Regular Reserve 2,398,000
 Other Reserves 306,483
 Undivided Earnings 12,111,719
  TOTAL EQUITY 14,816,202
  TOTAL LIABILITIES, SHARES, & EQUITY 203,704,187
INCOME & EXPENSE  
 Loan Income 2,163,157
 Investment Income 353,178
 Other Income 695,502
 Total Employee Compensation & Benefits 1,962,388
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,871,976
 Non-operating Income & (Expense) 12,906
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,298
 Cost of Funds 333,018
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 330,901
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