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  4. Beacon Credit Union / Beacon Cu
EIN 54-0606388

Beacon Credit Union / Beacon Cu

IRS 501(c) type
501(c)(14)
Num. employees
107
City
Lynchburg
State
Virginia
Year formed
1939
Most recent tax filings
2023-12-01
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
$20,946,735
2023
Total expenses
$16,906,526
2023
Total assets
$303,466,627
2023
Num. employees
107
2023

Program areas at Beacon Credit Union / Beacon Cu

Gave college scholarships. Raised money for CASA, Boys and Girls Clubs and Big Brothers/Big Sisters. Contributed to YMCA, Pregnancy Center, Centra Foundation and Fellowship of Christan Athletes among others. Contributed to local food pantries. Employees active in community organizations such as SPCA.
Not Applicable.
Provide financial services to our membership, including real estate, business, secured and unsecured loans, checking and savings products and credit card services.

Personnel at Beacon Credit Union / Beacon Cu

NameTitleCompensation
Greg McConvilleChief Executive Officer$309,113
Terry HammondChief Financial Officer$171,401
Susan KrantzSenior Vice President of Operations$174,860
Vickie SmithVice President of Personnel / Vice President Personnel$110,445
Joe GoudeSenior Vice President of Retail$156,958
...and 5 more key personnel

Financials for Beacon Credit Union / Beacon Cu

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$962,153
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$19,984,582
Total revenues$20,946,735

Form 990s for Beacon Credit Union / Beacon Cu

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-19990View PDF
2022-122023-06-20990View PDF
2021-122022-10-17990View PDF
2021-122022-10-12990View PDF
2020-122021-11-01990View PDF
...and 12 more Form 990s

Organizations like Beacon Credit Union / Beacon Cu

OrganizationLocationRevenue
ValleyStar Credit UnionMartinsville, VA$35,715,444
University of Virginia Community Credit Union (UVACC)Charlottesville, VA$51,224,047
Jackson River Community Credit UnionCovington, VA$5,733,008
DuPont Community Credit Union (DCCU)Waynesboro, VA$95,947,671
Northern Star Credit UnionPortsmouth, VA$5,430,804
CASE Credit UnionLansing, MI$20,419,805
907 Associated School Employees Credit UnionYoungstown, OH$6,758,023
Zing Credit Union - 271 Denver Community Credit UnionDenver, CO$20,539,634
Florida State University Credit Union (FSUCU)Tallahassee, FL$25,366,507
Utah Heritage Credit UnionMoroni, UT$7,617,754
Data update history
February 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
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
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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