Sep, 30, 2025 — BEACON CREDIT UNION, INC is a federally insured state chartered credit union headquartered in LYNCHBURG, VA with 10 branch locations and about $346.57 million in total assets. Opened 87 years ago in 1939, BEACON CREDIT UNION, INC has about 29,507 members and employs 92 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 CREDIT UNION, INC |
|---|---|
| Address: (Main Office) | 107 Leroy Bowen Dr LYNCHBURG, VA 24502 |
| Phone: | (434) 237-1566 |
| Fax: | (434) 237-1544 |
| Website: | https://www.mybcu.org |
| Branches: | 10 branch locations |
| Members: | 29,507 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66965 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $346,574,294 |
| CEO/Manager: | Greg McConville |
| Chairperson: | Philip A Hynes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,889,163 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 92,742,878 |
| Unsecured Loans | 26,347,162 |
| Other Loans | 178,646,915 |
| TOTAL LOANS | 297,736,955 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,486,397 |
| Land And Building | 10,815,036 |
| Other Fixed Assets | 1,139,247 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,793,118 |
| All Other Assets | 206,445 |
| TOTAL ASSETS | 346,574,294 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 286,258 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | -28,965 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,188,387 |
| Regular shares | 90,461,960 |
| All Other Shares & Deposits | 159,454,373 |
| TOTAL SHARES & DEPOSITS | 301,104,720 |
| TOTAL LIABILITIES | 307,362,013 |
| Regular Reserve | 0 |
| Other Reserves | 10,817,111 |
| Undivided Earnings | 28,395,170 |
| TOTAL EQUITY | 39,212,281 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 346,574,294 |
| INCOME & EXPENSE | |
| Loan Income | 13,716,752 |
| Investment Income | 707,506 |
| Other Income | 3,144,657 |
| Total Employee Compensation & Benefits | 6,114,045 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,394,126 |
| Non-operating Income & (Expense) | 25,813 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 321,000 |
| Cost of Funds | 3,717,157 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,999,492 |
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