Beacon , Incorporated Credit Union

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A short history of Beacon , Incorporated CU

Since its inception in 1939 the Beacon , Incorporated Credit Union has been serving its members in the Lynchburg, Virginia area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Greg McConville, the Beacon , Incorporated CU has grown its membership to over 24,968 with assets of more than $159,725,606. They have a main office and 7 branch offices. Please see the credit unions website or contact them by phone at (434) 237-1566 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Lynchburg, VA.

General Information For Beacon , Incorporated CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 66965
Address PO Box 4319 
City Lynchburg 
State Virginia 
Zip-Code 24502
Phone Number (434) 237-1566
Fax Number (434) 237-1544
Email Address:
CEO/President Greg McConville
Members 24,968 
Full-Time Employees 79 
Part-Time Employees
Number of Branch Offices
Total Assets 159,725,606 

Compare Beacon , Incorporated Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Lynchburg Municipal Employees CU 3176 Fort Ave 3176 Fort Ave 24501 (434) 845-1013 No 3.29
Glamorgan Employees CU Glamorgan E F C U 21 7th St 24505 (434) 845-3801 No 5.43
Central Virginia CU Madison Heights Branch 109 Seminole Dr 24505 (434) 944-2225 No 9.05

Beacon , Incorporated Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Beacon , Incorporated Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 14.50 4.00 4.25 4.25 4.75
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 506 282 231 174 200
Rank Among All Virginia Credit Unions 58 41 32 32 24

Beacon , Incorporated Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.25 0.50 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 105 263 227
Rank Among All Virginia Credit Unions N/A 24 17 48 34
Beacon , Incorporated Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 14.5004,25913,757,730
All Other Unsecured Loans/Lines of Credit 18.0002,6743,671,315
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.00086923,548,756
Used Vehicle Loans 4.2506,62068,528,540
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.250716,026,277
Total Other Real Estate Loans/Lines of Credit 4.7503258,621,679
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.0007627,070,565
TOTAL LOANS & LEASES 15,580131,224,862

Beacon , Incorporated Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 5656,9061289,564
    b. 15 Years or less 351,621,7271377,760
    a. > 15 years 0000
    b. 15 Years or less 313,747,644173,300
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 651,062,634123,263
Closed-End Adjustable Rate 1385,004,19222834,763
Open-End Adjustable Rate 1222,554,85300
Open-End Fixed Rate 0000
TOTALS 39614,647,956261,598,650


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 1385,004,192834,763
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Beacon , Incorporated Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes