Beacon Credit Union Bedford VA | Best Auto Loans & Business Banking

Introduction

Welcome to Beacon Credit Union, Incorporated, your trusted financial partner located at 1629 Forest Rd, Bedford, VA 24523. Since opening our doors in 1939, we have been dedicated to serving our community with a focus on member satisfaction and financial growth. With a total membership of over 28,000 and assets reaching an impressive $328,507,963, we are proud to offer a range of services tailored to meet your personal and business banking needs. At Beacon Credit Union, we understand that every member has unique financial goals. That's why we provide a variety of products including checking and savings accounts, auto loans, mortgage options, and credit cards with rewards. Our commitment to our members is reflected in our total deposits of $21,792,129 and a net worth of $34,271,657. While you can visit us at our Bedford branch for all your banking needs, please note that official correspondence should be sent to our mailing address: PO Box 4319, Lynchburg, VA 24502. Our experienced team is here to help you navigate your financial journey. Under the leadership of CEO Greg McConville and Board President Philip Hynes, our staff of 89 employees is ready to assist you with a smile. Whether you're looking for advice on loans or need help with online banking services, we're here for you. Ready to take the next step? Visit our website at beaconcu.org or give us a call at 434-237-1566. Let's work together towards achieving your financial dreams!

Branch History & Mission

A Legacy of Service

Since opening our doors in 1939, Beacon Credit Union has evolved significantly. We began with a small group of members who shared a vision of accessible and affordable banking options. Today, we proudly serve over 28,000 members and manage total assets exceeding $328 million. Our growth reflects not just our success but the trust and loyalty of our community. In addition to our primary location in Bedford, we also have a mailing address at PO Box 4319, Lynchburg, VA 24502 for official correspondence. This ensures we remain connected with you wherever you are.

Community Focus

We are proud to engage with the Bedford community through various outreach programs and partnerships aimed at uplifting those around us. Whether it's sponsoring local events or supporting educational initiatives, Beacon Credit Union is dedicated to making a positive impact on our neighbors' lives. Our branch operates from Monday to Thursday from 9 AM to 5 PM and Friday from 9 AM to 6 PM. For those who prefer drive-thru services or ATM access, we are pleased to offer both for your convenience.

Join Us

As we continue our journey together in this vibrant community of Bedford, we invite you to become part of the Beacon family. Experience firsthand the benefits of membership where you're not just a number but an essential part of our mission to enrich lives through better financial solutions. For any inquiries or assistance, feel free to reach out by calling us at 434-237-1566 or visit us online at Beacon Credit Union. Together, let's build a brighter financial future!

Our Mission

At Beacon Credit Union, our mission is simple yet profound: to provide exceptional financial services while fostering a sense of community. We believe that banking should be about more than just transactions; it should be about building relationships and supporting each other through life's challenges and celebrations alike. Our offerings include personal banking products like checking and savings accounts, auto loans and vehicle financing, mortgages, personal loans, credit cards with rewards, as well as business banking services such as merchant services and business loans. We also prioritize digital advancements with features like online banking, mobile payments, e-statements, and person-to-person payment options for your convenience.

Branch Location & Accessibility

Convenient Access and Parking

Our branch is situated near popular local landmarks, which makes finding us simple. With convenient parking available right outside the entrance, you won't have to worry about searching for a spot. Plus, we are committed to accessibility. Our facilities include ADA-compliant features to ensure that everyone can easily access our services.

Get in Touch!

Have questions or want more information? Don't hesitate to reach out! You can call us at 434-237-1566. We invite you to visit us soon at Beacon Credit Union in Bedford where your financial goals are within reach!

Operating Hours

We understand that your time is valuable. That's why our lobby is open from 9 AM to 5 PM Monday through Thursday and extends until 6 PM on Fridays. If you prefer drive-thru banking, we've got you covered with the same hours! Feel free to come by during these times; we look forward to serving you.

Services Tailored for You

At Beacon Credit Union, we offer a range of services designed with our members in mind. From checking and savings accounts to auto loans and mortgage refinancing, we aim to meet your financial needs in one convenient place. Need cash? Our ATM is available for quick withdrawals and balance checks. For those who appreciate the convenience of banking on the go, our online and mobile banking services make managing your finances easier than ever.

Member Eligibility

Becoming a member of Beacon Credit Union, Incorporated is like opening the door to a community that truly cares about your financial well-being. If you live, work, or worship in the area around 1629 Forest Rd Bedford Va 24523, you're likely eligible to join us! We believe that everyone deserves access to personalized banking services and friendly support. Membership means not only getting great rates on loans and savings but also being part of a supportive network where your needs come first. For detailed information about eligibility, feel free to check out our resource at http://www.mybcu.org/business/eligibility . Ready to take the next step? Opening an account is simple and straightforward; just visit us online at https://app.loanspq.com/apply.aspx?enc=kw21wblm1yxpjjabdozadywch0ifevo0grmd8xbeki0yt1klozjgi3ukbqwkdusizhqvo3ylmvx-ifuy0hiqippt0bw-ilg5lp-4ge35l_lborsjlwzta8nitzpjy02t , or give us a call at (434) 237-1566. We're excited to welcome you into our family!

Business Banking & Commercial Services

Commercial Loans Tailored for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $42 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $14 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $12,225,451, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Make Sense

Imagine this: Your customers are ready to pay, but you need a reliable way to process transactions quickly and efficiently. Our merchant services simplify payments, whether through card swipes or mobile transactions. This means faster sales and happier customers key ingredients for any thriving business. If you're looking for solid support as you navigate your business journey, visit us at 1629 Forest Rd Bedford Va 24523 in Bedford, VA, or call us at (434) 237-1566. Together, we can take your business further!

Comprehensive List Of Services

Business Banking Solutions

For our entrepreneurial members, we provide comprehensive Business Banking solutions including merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we aim to support your business goals effectively.

Convenient Access

We understand that convenience is key in today's fast-paced world. That's why we offer various access points for your banking needs. Use our ATM & Cash Withdrawal Services for quick cash access or visit us during our lobby hours from 9 AM to 5 PM Monday through Thursday and 9 AM to 6 PM on Friday for all your banking transactions. Our basic drive-thru banking allows for deposits and simple transactions without leaving your vehicle a perfect solution when you're on the go!

Get Started Today

At Beacon Credit Union in Bedford, VA, we prioritize your financial well-being with services tailored just for you. If you're ready to take the next step towards achieving your financial goals or simply want more information about our offerings, don't hesitate to call us at 434-237-1566 or visit our website at beaconcu.org. Join us today and experience banking made easy!

Loans for Every Need

When it comes to financing, Beacon Credit Union has got you covered. Our Auto Loans & Vehicle Financing make purchasing a new or used car simple and affordable. Picture yourself cruising down the road in a vehicle you love without breaking the bank. We also offer Mortgage Loans & Refinancing options tailored for those looking to buy their first home or refinance an existing loan for better terms. If you're facing unexpected expenses or looking to consolidate debt, our Personal Loans & Debt Consolidation services can help ease financial burdens. Plus, our competitive Credit Cards with Rewards give you the chance to earn points on everyday purchases turning spending into benefits!

Personal Banking

Navigating personal finances can be overwhelming, but with our Personal Banking services, it doesn't have to be. We offer checking and savings accounts that cater to your everyday needs. Imagine having the freedom to manage your money easily while earning interest on your savings. With our online and mobile banking options, you can check balances, transfer funds, and pay bills anytime from anywhere.

Digital & Online Banking

Key Services

With our 24/7 online banking services, you can check your balance, transfer funds, and pay bills whenever it suits you. No more rushing to the bank before closing time! Need to make a payment on the go? Our mobile payments feature allows you to use your smartphone for quick transactions without hassle. Plus, our dedicated mobile application puts banking right in your pocket, making it simple to manage your accounts from anywhere.

Security and Ease of Use

We prioritize your security with features like electronic signature authorization, ensuring that your transactions are safe and reliable. You can also opt for e-statements, which not only help the environment but also give you instant access to your financial records without the clutter of paper. Want to send money to a friend or family member? With our person-to-person transfers, sharing funds is straightforward and fast. Whether you're splitting a bill or sending a gift, it's just a few taps away. Our user-friendly digital banking tools are designed with you in mind. Real-time account management gives you peace of mind, knowing that you have control over your finances whenever you need it. Experience the ease of managing your money digitally at Beacon Credit Union, Incorporated. Join us today and take advantage of all the benefits that come with our online banking services!

Financial Strength

Commitment to Growth

With $21,693,574 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity is reflected in the $28,125,296 in total loans and leases that support members' financial goals across various sectors. We also have $8,757 in used auto loans available to help our members find the right vehicle financing solutions.

Growing Member Base

With a total of 53,509 share accounts, we show a strong and growing member base that trusts us with their finances. Our commitment to community banking means your needs come first at Beacon Credit Union. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Beacon Credit Union is your trusted partner. Visit us at 1629 Forest Rd Bedford Va 24523 or call 434-237-1566 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our net income of $1,760,972 reflects our operational efficiency. This strong performance enables us to continue offering competitive loan rates and solid financial products for our members. To ensure outstanding service delivery, we take pride in having 84 full-time employees and 5 part-time employees ready to assist you with knowledgeable support.

Secure Savings Options

Members' savings are secured through $53,566,352 in share certificates and $44,987,666 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $33,453,351, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $34,271,657, we maintain robust financial health. This strength allows us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 10.43% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $159,095,843 in used vehicle loans and $22,840,727 in new vehicle loans already helping members get on the road. Whether you're financing a new or used vehicle, we provide flexible terms and competitive rates tailored to your budget.

Business Loans

For business owners in need of capital for growth or expansion, our outstanding commercial loans totaling $12,225,451 provide essential funding solutions. We are committed to supporting local businesses by offering accessible financing options tailored to meet specific business needs.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $19,707,607, making buying or refinancing simple. We strive to help you navigate the path to homeownership with clear and straightforward lending processes.

Refinancing Options

If you're considering refinancing any existing loans or mortgages for better rates or terms, we can help with that too! Our refinancing solutions are designed to save you money and simplify your payments. At Beacon Credit Union, we pride ourselves on providing transparent lending solutions backed by data sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. With our diverse loan offerings and commitment to member service, we are here to help you every step of the way on your financial journey.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $23,136,180 in loans helping members manage their finances effectively. These cards are designed for convenience and provide an easy way to handle unexpected expenses without tying up your savings.

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BEACON CREDIT UNION, INCORPORATED CREDIT UNION - Bedford, VA