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EIN 54-0606388

Beacon Credit Union / Beacon Cu

IRS 501(c) type
501(c)(14)
Num. employees
96
City
Lynchburg
State
Virginia
Year formed
1939
Most recent tax filings
2021-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
The mission of Beacon Credit Union is to serve its members with loan and deposit products that meet their financial needs and help achieve their financial goals. The mission of bcu is to serve its members with loan and deposit products that meet their financial needs and help achieve their financial goals.
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
$14,508,357
2021
Total expenses
$11,413,628
2021
Total assets
$245,953,598
2021
Num. employees
96
2021

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 2021 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

NameTitleCompensation
Greg McConvilleChief Executive Officer$276,392
Terry HammondChief Financial Officer$149,453
Susan KrantzSenior Vice President of Operations / Vice President of Operations / Vice President - - Operations$159,006
Vickie SmithVice President of Personnel / Vice President Personnel$110,445
Joe GoudeSenior Vice President of Retail / Executive Vice President$145,045
...and 5 more key personnel

Financials for Beacon Credit Union / Beacon Cu

RevenuesFYE 12/2021
Total grants, contributions, etc.$0
Program services$14,388,940
Investment income and dividends$112,431
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$6,986
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$14,508,357

Form 990s for Beacon Credit Union / Beacon Cu

Fiscal year endingDate received by IRSFormPDF link
2019-122021-06-08990View PDF
2018-122020-01-14990View PDF
2017-122018-12-22990View PDF
2016-122017-11-16990OView PDF
2015-122017-07-06990OView PDF
...and 7 more Form 990s
Data update history
May 11, 2023
Used new vendors
Identified 1 new vendor, including
October 3, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 22, 2021
Updated personnel
Identified 1 new personnel
September 21, 2021
Used new vendors
Identified 3 new vendors, including , , and
April 28, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
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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