Beacon Credit Union Danville VA | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Beacon Credit Union, Incorporated, where we've been dedicated to serving the Danville community since our establishment in 1939. Located at 630 Piney Forest Rd, Danville, VA 24540, we pride ourselves on offering personalized financial solutions tailored to meet the needs of our 28,826 members. Our commitment to excellence is reflected in our impressive total assets of $328,507,963 and a strong net worth of $34,271,657. At Beacon Credit Union, we understand that financial stability is key to a thriving community. That's why we offer a range of services including personal banking options like checking and savings accounts, as well as auto loans, mortgage loans, and business banking solutions. With 89 dedicated employees ready to assist you, we strive to provide friendly and accessible service every day. While members can visit us at our branch location, official correspondence should be sent to our mailing address at PO Box 4319, Lynchburg, VA 24502. Our CEO Greg McConville and Board President Philip Hynes lead a passionate team focused on ensuring your financial success. We invite you to reach out by calling us at 434-237-1566 or visiting our website at www.beaconcu.org for more information about how we can support your financial journey. Join us today and experience the difference that a member-focused credit union can make!

Branch History & Mission

Our Mission

Our mission at Beacon Credit Union is simple yet impactful: to empower our members through financial education and support. We believe that everyone deserves access to affordable banking services and the knowledge to make informed financial decisions. Whether you are looking for auto financing or need assistance with debt consolidation, our team is here to guide you every step of the way. In addition to providing top-notch financial products, we are deeply committed to supporting local initiatives. We actively participate in community outreach programs and partner with local organizations to enhance the lives of those around us. Our drive-thru service and ATM availability ensure that our members have convenient access to their funds whenever they need them. While members can visit us at 630 Piney Forest Rd Danville Va 24540, official correspondence should be sent to PO Box 4319, Lynchburg, VA 24502. With operating hours designed for your convenience Monday through Thursday from 9 AM to 5 PM, Friday from 8:30 AM to 6 PM, and Saturday from 9 AM to 1 PM we strive to accommodate your busy lifestyle. As we look forward to the future, we invite you to join our growing family at Beacon Credit Union. Experience firsthand how we can support your financial journey while making a positive impact on the community together. Contact us today at (434) 237-1566 or visit us online at Beacon Credit Union for more information about becoming a member!

Branch Location & Accessibility

Easy Access and Parking

At Beacon Credit Union, we understand the importance of accessibility. Our branch features ample parking spaces right outside the entrance, ensuring that you can visit us without any hassle. The facility is ADA compliant, with ramps available for those who may need assistance.

Get in Touch!

Have questions or need assistance? Don't hesitate to call us at 434-237-1566. We're here to help you achieve your financial goals. Come visit us today and experience friendly service at Beacon Credit Union!

Operating Hours to Serve You Better

We strive to accommodate your schedule with flexible operating hours. Visit us Monday through Thursday from 9 AM to 5 PM, and on Fridays from 8:30 AM to 6 PM. We also welcome you on Saturdays from 9 AM to 1 PM! For those who prefer drive-thru services, we're open Monday through Thursday from 8:30 AM to 5 PM, Friday from 8:30 AM to 6 PM, and Saturday from 10 AM to 1 PM.

Services at Your Fingertips

At Beacon Credit Union, we offer a wide range of services tailored just for you whether it's personal banking solutions like checking and savings accounts or loans for your next vehicle purchase. Need quick cash? Our ATM is readily available on-site for your convenience. Plus, enjoy the ease of basic drive-thru banking for quick deposits and withdrawals without leaving your car. While members can visit us at 630 Piney Forest Rd, official correspondence should be sent to PO Box 4319, Lynchburg, VA 24502.

Member Eligibility

At Beacon Credit Union, Incorporated, we believe that everyone deserves a chance to be part of a supportive community. If you're looking to join us at our branch located at 630 Piney Forest Rd, Danville Va 24540, you'll be pleased to know that becoming a member is both simple and welcoming. To be eligible, you just need to live, work, worship, or attend school in the areas we serve or have a family member who is already a member. This approach helps us foster a close-knit environment where members can enjoy personalized financial services tailored to their needs. Joining Beacon Credit Union not only opens doors to various financial products and services but also connects you with a team dedicated to your financial well-being. Whether you're interested in checking accounts, auto loans, or business services, we've got you covered. To get started on your membership journey, simply visit our eligibility page at http://www.mybcu.org/business/eligibility for the most up-to-date details. If you're ready to open an account, check out the easy application process here: https://app.loanspq.com/apply.aspx?enc=kw21wblm1yxpjjabdozadywch0ifevo0grmd8xbeki0yt1klozjgi3ukbqwkdusizhqvo3ylmvx-ifuy0hiqippt0bw-ilg5lp-4ge35l_lborsjlwzta8nitzpjy02t . If you have any questions or need assistance, don't hesitate to call us at 434-237-1566. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Loan Options That Fuel 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 for Everyday Needs

In addition to our loan offerings, we provide essential merchant services that help simplify daily operations. Imagine processing payments easily or managing transactions efficiently these tools can save you time and allow you to focus on what matters most: growing your business. Located at 630 Piney Forest Rd, Danville, VA 24540, our branch is ready to partner with you. Reach out today at 434-237-1566 to learn more about how we can assist your business on its journey to success!

Comprehensive List Of Services

Accessibility

Whether you're visiting us at our branch or using our digital tools at home, Beacon Credit Union strives to make banking as convenient as possible for everyone in Danville and beyond. If you have any questions about our services or would like to speak with one of our friendly staff members, don't hesitate to reach out at 434-237-1566. We're here to help you every step of the way! Explore all that we offer by visiting us online at Beacon Credit Union. Join us today and experience the difference!

Business Banking Services

For business owners, we provide comprehensive business banking solutions including merchant services and business loans. These services help your business thrive while managing cash flow efficiently.

Credit Cards & Rewards

We also offer credit cards with rewards programs, allowing you to earn points on everyday purchases. Think of how quickly those points can add up when you use them for travel or shopping!

Digital Banking Features

In today's fast-paced world, convenience is key. That's why Beacon Credit Union offers online and mobile banking services that make managing your finances easy and secure from anywhere. You can check your balance, transfer funds, or pay bills with just a few taps on your smartphone. Our ATM and cash withdrawal services ensure that you have access to your money whenever you need it. Plus, if you prefer face-to-face interactions, our drive-thru banking allows for quick deposits and withdrawals without leaving your car.

Personal Banking Solutions

Starting with our personal banking offerings, we provide checking and savings accounts that are easy to manage and come with competitive interest rates. Imagine having a reliable account where your money grows while still being easily accessible. Our auto loans and vehicle financing options make it simpler for you to drive away in your dream car without breaking the bank. If you're considering purchasing a home or refinancing an existing mortgage, our mortgage loans are tailored to fit your financial situation. We understand that life can be unpredictable; that's why our personal loans and debt consolidation services offer flexibility and support when you need it most.

Digital & Online Banking

Accessibility and Security

We prioritize user-friendliness and security in all our digital services. Each feature is designed not only to be easy to use but also to protect your personal and financial information. Our systems are equipped with top-notch security measures so you can bank with confidence. At Beacon Credit Union, Incorporated, we believe that managing your finances should be straightforward and accessible. Embrace the ease of digital banking and take control of your financial future today!

Key Features

One of the standout features is e-statements. Instead of waiting for paper statements in the mail, you can receive your account information electronically, saving time and helping the environment. Plus, with electronic signature authorization, signing documents has never been easier or more secure. You can complete transactions quickly without needing to visit a branch. For those on the go, our mobile application offers an easy way to access your accounts right from your phone. You can even make mobile payments, allowing you to pay for purchases with just a tap no need for cash or cards. Plus, with person-to-person transfers, sending money to friends or family is as simple as a few taps on your screen.

Financial Strength

Growing Member Base

With 53,509 total share accounts, our strong and growing member base shows that individuals trust us with their finances. Our commitment to service means we prioritize your needs above all else. 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 630 Piney Forest Rd Danville Va 24540 or call 434-237-1566 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Member Savings and Investment Opportunities

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.

Operational Efficiency

Our impressive net income of $1,760,972 reflects our operational efficiency. This allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 84 full-time employees and 5 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Reinvesting for a Stronger Future

With $21,693,574 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our robust lending capacity includes $28,125,296 in total loans and leases, which supports your financial goals across various sectors. This includes $8,757 in used auto loans that make car ownership more accessible for our community.

Solid Financial Health

With a net worth of $34,271,657, we maintain strong financial health, allowing 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. We currently have 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 purchasing a brand-new model or a reliable used vehicle, our financing options are designed to make the process as smooth as possible.

Business Loans

For business owners looking for growth opportunities, our outstanding commercial loans totaling $12,225,451 provide the capital needed to expand operations. We understand that small businesses are vital to the community and offer tailored solutions to support your entrepreneurial journey. If you're considering refinancing or exploring eligibility options for any of these products, please don't hesitate to contact us or visit our website for more information. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At Beacon Credit Union, we strive to make borrowing straightforward and accessible for everyone. Let us help you take the next step toward achieving your financial aspirations!

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 know that navigating the mortgage landscape can be complex; that's why our team is here to guide you through every step of the process.

Unsecured Credit Card Loans

Managing everyday expenses is easier with our flexible terms on unsecured credit card loans. With a total of $23,136,180 in unsecured credit card loans available, we help members manage their finances effectively. This option provides an excellent way to maintain financial stability while enjoying convenient access to funds when needed.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a commitment to transparency and reliability, LendMesh empowers users to make informed financial decisions. Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This ensures that all offers are fair and transparent. By relying on verified data, users can trust that they are receiving accurate information tailored to their needs. One of the key benefits of using LendMesh is its focus on verified data. Loan offers are sourced exclusively from legitimate financial institutions, eliminating concerns about misleading information. Additionally, LendMesh does not prioritize lenders based on paid promotions. This means that users receive unbiased results, allowing them to find the best options available without any hidden agendas. LendMesh also provides real-time rate comparisons from multiple institutions. This feature helps users stay up-to-date with current loan rates, making it easier to choose the right loan for their circumstances. The platform's straightforward approach enhances user confidence in navigating the complex world of loans. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials underline the effectiveness of LendMesh in delivering valuable insights and support during the borrowing process. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

BEACON CREDIT UNION, INCORPORATED CREDIT UNION - Danville, VA