Sep, 30, 2025 — BEACON FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in JOHNSON CITY, TN with 3 branch locations and about $28.94 million in total assets. Opened 73 years ago in 1953, BEACON FINANCIAL CREDIT UNION has about 2,185 members and employs 10 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 FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 N State of Franklin Rd JOHNSON CITY, TN 37604 |
| Phone: | (423) 431-6361 |
| Fax: | |
| Website: | https://www.beaconfcu.org |
| Branches: | 3 branch locations |
| Members: | 2,185 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67776 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,942,315 |
| CEO/Manager: | John-Michael Nelms |
| Chairperson: | Shana Tate |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,584,549 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,067,513 |
| Unsecured Loans | 707,308 |
| Other Loans | 7,330,406 |
| TOTAL LOANS | 24,420,692 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,568 |
| Land And Building | 1,316,890 |
| Other Fixed Assets | 293,061 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 247,949 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,942,315 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -199,187 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,864,944 |
| Regular shares | 8,599,692 |
| All Other Shares & Deposits | 14,559,416 |
| TOTAL SHARES & DEPOSITS | 27,024,052 |
| TOTAL LIABILITIES | 26,824,865 |
| Regular Reserve | 0 |
| Other Reserves | 1,410,271 |
| Undivided Earnings | 707,179 |
| TOTAL EQUITY | 2,117,450 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,942,315 |
| INCOME & EXPENSE | |
| Loan Income | 1,214,966 |
| Investment Income | 55,219 |
| Other Income | 233,872 |
| Total Employee Compensation & Benefits | 685,083 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 597,279 |
| Non-operating Income & (Expense) | -26,837 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -30,367 |
| Cost of Funds | 408,756 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -22,947 |
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