Beacon Mutual Federal Credit Union

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A short history of Beacon Mutual FCU

Since its inception in 1958 the Beacon Mutual Federal Credit Union has been serving its members in the Lima, Ohio 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 Cynthia Freeland, the Beacon Mutual FCU has grown its membership to over 1,879 with assets of more than $14,212,855. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (419) 228-4321 or email them at contactus@mybeaconcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Lima, OH.

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

Charter Number 12407
Address 2301 Allentown Rd 
City Lima 
State Ohio 
Zip-Code 45805
Phone Number (419) 228-4321
Fax Number (419) 228-2140
Email Address: contactus@mybeaconcu.com
CEO/President Cynthia Freeland
Members 1,879 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 14,212,855 
Website http://www.mybeaconcu.com 

Compare Beacon Mutual Federal Credit Union To Other Local Credit Unions


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Address
Zip Code
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Distance (Miles)
Superior Credit Union, Inc CU Coldwater 300 W Sycamore St 45828 (419) 223-9746 No 3.20
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Topmark CU TopMark FCU 1511 N Main St 45801 (419) 223-5886 No 4.02
The Way CU The Way Credit Union 19100 E Shelby Rd 45871 (419) 753-1312 No 19.74
Dynamic CU 900 E Wayne St 900 E WAYNE ST 45822 (419) 586-5522 No 24.17

Beacon Mutual Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Beacon Mutual Federal 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 12.00 2.65 5.25 N/A 3.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 411 103 356 N/A 38
Rank Among All Ohio Credit Unions 73 17 82 N/A 3

Beacon Mutual Federal 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 0.30 0.60 0.35
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 97 240 250
Rank Among All Ohio Credit Unions N/A 22 20 67 64
Beacon Mutual Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.000306329,858
All Other Unsecured Loans/Lines of Credit 10.000103267,503
Short-Term, Small Amount Loans (STS) (Federal CU Only) 28.000104,882
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.65072778,080
Used Vehicle Loans 5.2502162,334,242
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 3.25029917,566
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.30021425,956
TOTAL LOANS & LEASES 7575,058,087

Beacon Mutual Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 12283,8233135,050
Closed-End Adjustable Rate 315,73000
Open-End Adjustable Rate 14618,0136240,126
Open-End Fixed Rate 0000
TOTALS 29917,5669375,176

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

Beacon Mutual Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
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 Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes