Beacon Credit Union Danville VA | Top Auto Loans & Business Banking

Introduction

Welcome to Beacon Credit Union, Incorporated, your trusted financial partner located at 320 Old Riverside Dr, Danville, VA 24541. Since our establishment in 1939, we have dedicated ourselves to serving the community with a commitment that goes beyond banking. With over 28,000 members and $328,507,963 in total assets, we pride ourselves on fostering a supportive environment where every member can thrive. At Beacon Credit Union, we understand that financial needs vary from person to person. That's why we offer a wide range of services tailored just for you whether it's personal banking solutions like checking and savings accounts or more specialized services such as auto loans and mortgages. We aim to provide exceptional service that meets our members' unique needs while ensuring their financial wellbeing. Our leadership team is here to support you every step of the way. Under the guidance of our CEO, Greg McConville, and Board President, Philip Hynes, we have built a solid foundation based on trust and transparency. Our team of 89 employees is always ready to assist you with any questions or concerns you may have. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to our mailing address at PO Box 4319, Lynchburg, VA 24502. Our friendly staff is eager to help you navigate your financial journey and make informed decisions. With robust offerings like online and mobile banking, ATMs available for cash withdrawals, and drive-thru services for quick transactions, we ensure that your banking experience is as convenient as possible. So why wait? Reach out to us at 434-237-1566 or visit our website at beaconcu.org today! Let us partner with you on your path to financial success!

Branch History & Mission

Community Focus

Our connection to the Danville area goes beyond just banking. We actively engage in community outreach initiatives that support local organizations and events. Whether it's sponsoring local sports teams or participating in educational programs, we strive to make a positive impact in our neighborhoods. While members can visit us at 320 Old Riverside Dr, official correspondence should be sent to PO Box 4319, Lynchburg, VA 24502. If you're looking for reliable financial services paired with genuine community spirit, we invite you to join us at Beacon Credit Union. Experience firsthand the benefits of becoming a member today! Reach out at 434-237-1566 or visit us online at Beacon Credit Union to learn more about how we can help you achieve your financial goals. Your journey towards financial empowerment starts here!

Our Journey

Since our inception, Beacon Credit Union has strived to provide accessible financial services while upholding the values of cooperation and mutual support. Our founding vision focused on creating a member-driven organization where everyone could benefit from affordable banking solutions. Over the years, we have adapted to the needs of our community by introducing new services and technologies to enhance member experience. As we grew, so did our service offerings. Today, we proudly provide a variety of personal banking options including checking and savings accounts, auto loans, mortgages, credit cards with rewards, and business banking solutions. We are dedicated to ensuring that our members have access to the tools they need for their financial success.

Our Mission

At the heart of Beacon Credit Union's mission is a commitment to empower our members through exceptional financial services while nurturing the communities we serve. We believe that banking should be more than just transactions; it should be about building relationships and providing support when it matters most. We aim to create an environment where everyone feels welcome and valued. Our drive-thru service and ATM availability ensure convenience for all our members while maintaining compliance with ADA standards so that everyone can access our services easily.

Branch Location & Accessibility

Easy Access and Parking

At Beacon Credit Union, we prioritize your comfort and convenience. Our branch offers ample parking space, making it easy for you to stop by without any hassle. Plus, we've ensured that our location is accessible for everyone, featuring ADA-compliant entryways and ramps to accommodate all members of our community.

Operating Hours That Suit You

We understand that life can be busy, so we've tailored our operating hours to meet your needs. Our lobby is open from 9 AM to 5 PM Monday through Thursday and extends until 6 PM on Fridays for your convenience. If you prefer drive-thru banking, we're happy to offer those services as well; it's available from 8:30 AM to 5 PM Monday through Thursday and until 6 PM on Fridays.

Services Just Around the Corner

Whether you're looking for personal banking options like checking and savings accounts or seeking loans for auto financing or mortgages, our team at Beacon Credit Union is here to help. We also offer business banking services if you're an entrepreneur looking for support. With ATM availability on-site, cash withdrawals are quick and easy whenever you need them. While members can visit us at 320 Old Riverside Dr, official correspondence should be sent to PO Box 4319 in Lynchburg, VA. If you have questions or need assistance, feel free to call us at 434-237-1566. We're eager to help you with all your banking needs. Come visit us today; we look forward to serving you!

Member Eligibility

Joining the Beacon Credit Union, Incorporated family is a wonderful step towards a more supportive and community-focused banking experience. To become a member, you'll find that eligibility is quite inclusive. If you live, work, worship, or attend school in the areas we serve, you're likely eligible to join us. We welcome individuals from diverse backgrounds because we believe everyone deserves access to quality financial services. Being a member of Beacon Credit Union means enjoying competitive rates on loans and savings, personalized service, and the opportunity to be part of a community that genuinely cares about your financial well-being. Ready to take the next step? Opening an account with us is simple! You can find all the details you need about eligibility by visiting this link. If you have any questions or need assistance, don't hesitate to reach out at (434) 237-1566. We're excited to help you start your journey with us at our branch located at 320 Old Riverside Dr Danville Va 24541!

Business Banking & Commercial Services

Real-World Merchant Services

In addition to loans, we provide essential merchant services that make everyday transactions easier. Imagine running your café with a point-of-sale system that accepts various payment methods seamlessly or having access to online banking tools that simplify managing your cash flow. Our services empower you to focus on what you do best running your business. Whether you're a startup or an established company, Beacon Credit Union is here to partner with you every step of the way. Let us help you achieve your business dreams! For more information or to get started, visit us online at Beacon Credit Union or call us at 434-237-1566.

Supporting Your Business 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.

Comprehensive List Of Services

ATM & Drive-Thru Services

For quick transactions, take advantage of our ATM and cash withdrawal services or visit our drive-thru for basic banking tasks such as deposits and withdrawals. Our goal is to make banking accessible regardless of how busy life gets. At Beacon Credit Union, Incorporated, we believe that everyone deserves personalized financial solutions without unnecessary hassle. If you're ready to explore what we offer or have any questions about our services, don't hesitate to give us a call at (434) 237-1566 or visit us in person at 320 Old Riverside Dr Danville Va 24541. Let us help you achieve your financial goals today!

Business Banking

Small business owners will appreciate our comprehensive business banking services, which include merchant services and business loans tailored for growth. We understand how vital it is for businesses to have reliable financial support, and we are here to assist every step of the way.

Credit Cards

Don't forget about our credit cards with rewards! These cards not only give you purchasing power but also reward you for using them perfect for those who love to earn points on their everyday spending.

Digital Banking

In today's fast-paced world, convenience is key. That's why we prioritize online and mobile banking features that allow you to manage your accounts anytime, anywhere. With options like person-to-person payments and mobile payments available at your fingertips, staying on top of your finances has never been easier.

Home Financing

If homeownership is on your mind, look no further than our mortgage loans and refinancing options. We guide you through the process, ensuring you find a solution that fits your budget and goals. Our experienced staff can help answer any questions about rates or terms, making your journey to owning a home smooth and straightforward.

Personal Banking

Starting with personal banking, we offer various options including checking and savings accounts designed for everyday needs. Imagine having easy access to your money while also earning interest our accounts make this possible. For those in need of financing, our auto loans and vehicle financing services can help you hit the road without breaking the bank. You can easily apply online or visit us in person.

Personal Loans

For unexpected expenses or consolidating debt, our personal loans provide quick relief with manageable repayment plans. You can trust us to work with you on finding the right loan for your situation.

Digital & Online Banking

E-Statements and Transfers

Say goodbye to paper statements! With e-statements available, you can opt for a more environmentally friendly way to keep track of your finances while also enjoying the convenience of accessing them anytime. Need to send money quickly? Our person-to-person transfer feature allows you to send funds easily to friends or family without any hassle. At Beacon Credit Union, Incorporated, we are committed to providing you with robust digital solutions that cater to your banking needs while ensuring safety and simplicity. Experience modern banking made easy today!

Mobile Banking App

Stay connected with our mobile application, which brings all the features of online banking right to your smartphone. Whether you're making a quick deposit or checking recent transactions, our app is designed for ease of use and accessibility.

Online Banking Services

With our user-friendly online banking platform, available at https://www.beaconcu.org/ , you can easily check your balance, transfer funds, and pay bills all from the comfort of your home or on the go. Our 24/7 online banking services ensure that you have access to your financial information whenever you need it.

Secure Transactions

Security is a top priority at Beacon Credit Union, Incorporated. We offer electronic signature authorization for added protection when signing important documents online. Plus, our mobile payments feature makes it easy to make purchases securely using your phone.

Financial Strength

Growing Membership Base

Total Share Accounts: 53,509, show a strong and growing member base that trusts us with their finances. Our commitment to serving you extends beyond numbers; it's about building relationships that matter. 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 320 Old Riverside Dr Danville Va 24541 or call 434-237-1566 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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 net income of $1,760,972 reflects our operational efficiency. This success enables 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 team.

Reinvestment for Growth

With $21,693,574 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Additionally, with $8,757 in used auto loans and $281,252,961 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

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've already issued $15,909,584 in used vehicle loans and $22,840,727 in new vehicle loans to help our members get on the road. Whether you're interested in financing a brand-new model or a reliable pre-owned vehicle, our flexible terms make it easier for you to drive away with confidence.

Business Loans

For business owners looking for funding solutions, we have outstanding commercial loans totaling $12,225,451 available. These loans provide the capital needed to grow and expand your business operations. Our team is dedicated to providing excellent service and support throughout your borrowing journey. If you have questions or need assistance with any of our loan products, don't hesitate to reach out at (434) 237-1566. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. We look forward to helping you secure the financing you need!

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 aim to provide competitive rates and personalized service to ensure that your path to homeownership is smooth and straightforward. If you're considering refinancing your current mortgage or are curious about eligibility options, we're here to assist you every step of the way.

Unsecured Credit Cards

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. Our credit cards come with rewards and benefits designed to fit your lifestyle and spending habits.

Loan Aggregator

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BEACON CREDIT UNION, INCORPORATED CREDIT UNION