EIN 54-0606388

Beacon Credit Union / Beacon Cu

Name: Beacon Credit Union / Beacon Cu financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(14)

Num. employees

101

City

Lynchburg

State

Virginia

Year formed

1939

Most recent tax filings

2022-12-01

NTEE code, primary

W60: Financial Institutions, Credit Unions

Description

Beacon Credit Union / Beacon Cu served its members with loan and deposit products that met their financial needs and helped them achieve their financial goals. In addition, the credit union provided low cost services to its membership, offered college scholarships, and raised money for CMN and Boys and Girls Clubs through golf tournaments. Its employees were also active in community organizations, such as the SPCA. These efforts were made in Lynchburg, VA throughout 2021.

Related structure

Beacon Credit Union / Beacon Cu is a child organization, under an unknown parent.

Also known as...

Consolidated Credit Unions of Virginia; Beacon CU

Total revenues

$16,479,530

2022

Total expenses

$12,882,679

2022

Total assets

$289,405,166

2022

Num. employees

101

2022

Program areas at Beacon Credit Union / Beacon Cu

Provided low cost deposit and loan services to our membership. Gave college scholarships. Raised money for CMN and Boys and Girls Clubs through golf tournaments. Employees active in community organizations as well such as SPCA.

The credit union served its members in 2022 by offering lower cost services to its membership along with various charitable endeavors to the community and its membership.

Personnel at Beacon Credit Union / Beacon Cu

Name	Title	Compensation	Date of data
Greg McConville	Chief Executive Officer	$309,113	2022-12-31
Terry Hammond	Chief Financial Officer	$171,401	2023-06-20
Susan Krantz	Senior Vice President of Operations	$174,860	2022-12-31
Vickie Smith	Vice President of Personnel / Vice President Personnel	$110,445	2021-12-31
Joe Goude	Senior Vice President of Retail	$156,958	2022-12-31
...and 5 more key personnel

Financials for Beacon Credit Union / Beacon Cu

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$16,147,434	$14,388,940	12.2%
Investment income and dividends	$332,096	$112,431	195.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$6,986	-100%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$16,479,530	$14,508,357	13.6%

Form 990s for Beacon Credit Union / Beacon Cu

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-06-20	990	View PDF
2021-12	2022-10-17	990	View PDF
2021-12	2022-10-12	990	View PDF
2020-12	2021-11-01	990	View PDF
2019-12	2021-06-08	990	View PDF
...and 11 more Form 990s

Organizations like Beacon Credit Union / Beacon Cu

Organization	Type	Location	Revenue
ValleyStar Credit Union	501(c)(14)	Martinsville, VA	$35,715,444
University of Virginia Community Credit Union (UVACC)	501(c)(14)	Charlottesville, VA	$51,224,047
Jackson River Community Credit Union	501(c)(14)	Covington, VA	$4,389,231
DuPont Community Credit Union (DCCU)	501(c)(14)	Waynesboro, VA	$68,512,991
Northern Star Credit Union	501(c)(14)	Portsmouth, VA	$5,112,971
Zing Credit Union - 271 Denver Community Credit Union	501(c)(14)	Denver, CO	$20,539,634
Florida State University Credit Union (FSUCU)	501(c)(14)	Tallahassee, FL	$22,425,859
Utah Heritage Credit Union	501(c)(14)	Moroni, UT	$5,511,472
Point Loma Credit Union (PLCU)	501(c)(14)	San Diego, CA	$24,561,685
Credit Unions Chartered in the State of Michigan - 510 Sunrise Family Credit Union	501(c)(14)	Bay City, MI	$5,040,649

Data update history

July 27, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 27, 2023

Posted financials

Added Form 990 for fiscal year 2020

June 27, 2023

Updated personnel

Identified 1 new personnel

May 11, 2023

Used new vendors

Identified 1 new vendor, including

October 3, 2021

Posted financials

Added Form 990 for fiscal year 2019

Nonprofit Types

Credit unionsChapter / child organizations

Issues

Education

Characteristics

State / local level

General information

Address: 107 Leroy Bowen Dr; Lynchburg, VA 24502
Metro area: Lynchburg, VA
County: Lynchburg city, VA
Website URL: mybcu.org/
Phone: (434) 237-1566

IRS details

EIN: 54-0606388
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1939
Eligible to receive tax-deductible contributions (Pub 78): No

Categorization

NTEE code, primary: W60: Financial Institutions, Credit Unions
NAICS code, primary: 522130: Credit Unions
Parent/child status: Child within group exemption

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Beacon Credit Union / Beacon Cu

Program areas at Beacon Credit Union / Beacon Cu

Personnel at Beacon Credit Union / Beacon Cu

Financials for Beacon Credit Union / Beacon Cu

Form 990s for Beacon Credit Union / Beacon Cu

Organizations like Beacon Credit Union / Beacon Cu

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