Beacon Credit Union

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

586 S Wabash St, Wabash, IN 46992

Website

(260) 563-7443

Data Source: NCUA, December 31, 2016


Beacon Credit Union was founded in 1931. Headquartered in Wabash, Indiana, Beacon Credit Union is a state chartered and not federally insured credit union, being chartered in Indiana but not insured through the National Credit Union Share Insurance Fund (NCUSIF). Beacon Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Beacon Credit Union services 49,260 members through its 20 offices and branches and 240 full-time and 17 part-time employees. It has $1,187,588,979 of total assets and $173,444,861 of net worth. Based on its asset size and net worth ratio, Beacon Credit Union is classified as a Well Capitalized large credit union.

Beacon Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Beacon Credit Union also provides an array of services to its members and local communities. Beacon Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Beacon Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Indiana and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Indiana
Median of USA
Checking
0.2400
0.0000
0.0000
Savings
0.4000
0.1000
0.1200
Money Market
0.0000
0.2200
0.2500
Certificate Deplit
1.8800
0.5000
0.5800
IRA
1.7900
0.4300
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Indiana
National Median Rates
Credit Cards
n/a
11.0000
9.9900
Unsecured Line of Credits
10.1500
10.3650
10.9500
Short-term Small Amount
n/a
28.0000
25.0000
Student Loans
n/a
6.1400
6.0200
New Car Loans
2.7500
3.2900
3.3300
Used Car Loans
4.3500
4.4600
4.5000
1st Mortgage Real Estates
4.3500
4.2500
4.2500
Other Real Estates
4.5100
4.7500
4.7000

Beacon Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Beacon Credit Union.

Electronic Banking Service Offerings

Membership Application
No
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
Yes
Account Balance Inquiry
Yes
Yes
No
View Account History
Yes
Yes

As a community financial institution, Beacon Credit Union actively involves in local communities by prliding services such as financial counseling, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
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Wabash
641 S Miami St
Wabash, IN 46992-3318
Phone:260-563-7443

Wabash Admin Building
Main Office

586 S Wabash St
Wabash, IN 46992-3328
Phone:260-563-7443

Wabash- Hale Dr
121 Hale Dr
Wabash, IN 46992-3823
Phone:260-563-7443

Wabash North
100 Wedcor Ave
Wabash, IN 46992
Phone:260-563-7443

Warsaw
2514 E Center St
Warsaw, IN 46580
Phone:260-563-7443

(260) 569-0553

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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