Sep, 30, 2025 — BEACON CREDIT UNION is a non-federally insured state credit union headquartered in WABASH, IN with 23 branch locations and about $1.70 billion in total assets. Opened 95 years ago in 1931, BEACON CREDIT UNION has about 53,277 members and employs 315 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 |
|---|---|
| Address: (Main Office) | 586 S Wabash St WABASH, IN 46992-3328 |
| Phone: | (260) 563-7443 |
| Fax: | (260) 569-0553 |
| Website: | https://www.beaconcu.org |
| Branches: | 23 branch locations |
| Members: | 53,277 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 82791 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,702,269,111 |
| CEO/Manager: | Dustin A Cuttriss |
| Chairperson: | Herbert W Horrom |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,098,041 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 968,859,159 |
| Unsecured Loans | 3,284,506 |
| Other Loans | 233,343,730 |
| TOTAL LOANS | 1,205,487,394 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,966,493 |
| Land And Building | 11,931,443 |
| Other Fixed Assets | 2,038,196 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,702,269,111 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 803,570 |
| Notes & Interest Payable | 110,000,000 |
| Accounts Payable & Other Liabilities | 15,397,039 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 311,896,858 |
| Regular shares | 418,196,267 |
| All Other Shares & Deposits | 667,444,306 |
| TOTAL SHARES & DEPOSITS | 1,397,537,431 |
| TOTAL LIABILITIES | 1,523,777,265 |
| Regular Reserve | 0 |
| Other Reserves | -44,555,435 |
| Undivided Earnings | 223,047,281 |
| TOTAL EQUITY | 178,491,846 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,702,269,111 |
| INCOME & EXPENSE | |
| Loan Income | 43,414,596 |
| Investment Income | 8,653,981 |
| Other Income | 2,000,161 |
| Total Employee Compensation & Benefits | 20,411,028 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,911,915 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 950,000 |
| Cost of Funds | 20,943,996 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,095,075 |
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