Financial Strength
At Beacon Community, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to maintaining strong financial health, ensuring that you can trust us with your savings and lending needs. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $8,372,684, we showcase our solid financial foundation. This strength allows us to offer competitive rates, lower fees, and a wider range of services tailored to meet your needs. Our net worth ratio of 11.97% further highlights our robust capital base, reassuring you that we can provide loans and uninterrupted services even during challenging economic conditions. Your savings are secure with us. We have $7,560,393 in share certificates and $2,901,033 in money market shares, both designed to help your money grow steadily. Unlike traditional banks, we prioritize our members; with non-member deposits totaling $1,739,000, we focus our resources on benefiting you through better loan rates and exclusive perks. Our commitment to reinvesting in our community is reflected by having $7,332,700 in undivided earnings. This enables us to enhance our banking tools, improve lending options, and strengthen security measures for your peace of mind. We understand that lending is crucial to achieving financial goals. That's why we offer $779 in used auto loans alongside $38,090,005 in total loans and leases, supporting various member needs whether it's purchasing a vehicle or managing personal expenses. Our operational efficiency is evident in our $-$63,153, which allows us to maintain competitive loan rates while providing solid financial products tailored for you. With a dedicated team of 29 full-time employees and 4 part-time employees, we're always ready to assist you with knowledgeable service at every interaction. As part of our growing community, you'll find comfort in knowing there are 17,447 total share accounts established by members who trust us with their finances. Our net shares available for lending and investments stand at $257,269, which reflects our commitment to fostering growth within our member community. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Beacon Community is your trusted partner. Visit us at 7910 National Tpke Louisville Ky 40214 or call (502) 366-6022 to learn more about how we can help you achieve your financial goals.
