Beacon Credit Union Lynchburg VA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Beacon Credit Union, Incorporated, your trusted financial partner located at 2134 Langhorne Rd, Lynchburg, VA 24501. Since our establishment in 1939, we have dedicated ourselves to serving our community and fostering financial wellness among our members. With a growing membership of 28,826, we pride ourselves on offering personalized service that meets the unique needs of each member. At Beacon Credit Union, we understand that financial security is essential for you and your family. That's why we have successfully managed over $328 million in assets, providing a solid foundation for all your banking needs. Whether you're looking for a reliable savings account or seeking financing options with our total loans amounting to 19,386, we're here to help you achieve your financial goals. Our commitment extends beyond numbers; it's about making a positive impact in our community. Under the leadership of our CEO, Greg McConville, and Board President, Philip Hynes, we strive to create an environment where every member feels valued and empowered. Our team of 89 dedicated employees is ready to assist you with services ranging from personal and auto loans to business banking solutions. While members can visit us at our physical location, official correspondence should be sent to PO Box 4319, Lynchburg, VA 24502. If you have any questions or need assistance, don't hesitate to reach out at (434) 237-1566. Explore more about what we can offer by visiting our website at www.beaconcu.org. Join us today and discover how Beacon Credit Union can support your financial journey!

Branch History & Mission

At Beacon Credit Union, Incorporated, we take pride in our rich history and commitment to our members and community. Established in 1939, our branch located at 2134 Langhorne Rd, Lynchburg, VA 24501 has served as a beacon of support for individuals and families for over eight decades. From our humble beginnings to becoming a trusted financial partner for 28,826 members, we've continuously adapted to meet the evolving needs of our community. Our mission is simple yet powerful: to provide accessible financial services while fostering a sense of belonging and support within the communities we serve. We believe that everyone deserves the opportunity to achieve their financial goals. This core belief drives us to offer a wide range of products and services, including personal banking, auto loans, mortgage options, and business banking solutions. As we grew over the years, so did our dedication to embracing technology while ensuring accessibility for all. We proudly offer online and mobile banking services that allow members to manage their finances from anywhere. Additionally, our branch is equipped with ADA-compliant features and provides drive-thru banking for added convenience. Community outreach is at the heart of what we do. We actively partner with local organizations and participate in various initiatives aimed at improving the lives of those around us. Our commitment extends beyond just providing financial services; it's about creating lasting relationships built on trust and mutual support. While members can visit us at 2134 Langhorne Rd, official correspondence should be sent to PO Box 4319, Lynchburg, VA 24502. Our dedicated team is here to assist you during our operating hours: Monday through Thursday from 9 AM to 5 PM, and Friday from 9 AM to 6 PM. With total assets exceeding $328 million, we are well-equipped to help you achieve your financial aspirations. We invite you to join us at Beacon Credit Union and experience firsthand the benefits of being part of a community-focused credit union. Together, let's build a brighter financial future! For more information or assistance, feel free to call us at 434-237-1566 or visit our website at Beacon Credit Union.

Branch Location & Accessibility

Additional Information

If you need to send official correspondence, please note that while you can visit us at our branch location, mail should be directed to PO Box 4319, Lynchburg, VA 24502. For any inquiries or assistance, don't hesitate to reach out by calling us at 434-237-1566.

Call to Action

We invite you to stop by and discover how Beacon Credit Union can support your financial journey. Our dedicated staff is here to help with all your banking needs! Visit us today!

Nearby Landmarks and Accessibility Features

You'll find us just a short drive from popular spots like the River Ridge Mall and the beautiful Blackwater Creek Trail. Whether you're coming in for a quick transaction or to explore our financial products, we have ample parking available right outside the branch. Plus, we ensure our facilities are accessible for everyone with ADA-compliant features, including ramps and designated parking spaces.

Operating Hours and Services Offered

Our friendly team is ready to assist you during convenient hours: Monday through Thursday from 9 AM to 5 PM and Friday from 9 AM to 6 PM. We also offer drive-thru banking for those on the go, ensuring that your banking needs can be met without any hassle. At Beacon Credit Union, you can take advantage of a range of services from personal banking options like checking and savings accounts to auto loans and credit cards with rewards.

Member Eligibility

At Beacon Credit Union, Incorporated, we're excited to welcome you into our community! Becoming a member is not just about banking; it's about joining a family that cares about your financial well-being. If you live, work, worship, or attend school in the Lynchburg area, you're likely eligible to join us. We believe in making banking accessible for everyone, so whether you're looking to open a checking account or take out a loan, we have options tailored just for you. You can find all the specific eligibility details on our website at this link. Opening an account with us is a breeze! Just visit our online application page here or give us a call at (434) 237-1566 if you have any questions. Our team is ready to assist you every step of the way! So why wait? Come see how being part of Beacon Credit Union can benefit you today at our branch located at 2134 Langhorne Rd Lynchburg Va 24501. We can't wait to welcome you!

Comprehensive List Of Services

Credit Cards & Business Banking

For everyday purchases, consider our credit cards with rewards that allow you to earn points on the things you buy most. If you're a business owner or aspiring entrepreneur, our business banking services include everything from merchant services to business loans that can help grow your venture.

Digital Convenience

In today's fast-paced world, we understand the importance of convenience. That's why we offer robust online and mobile banking platforms, allowing you to manage your accounts anytime, anywhere. From checking balances to transferring funds, everything is at your fingertips. Our ATM services also provide easy access for cash withdrawals or balance checks whenever you need them.

Drive-Thru & Basic Services

For those who prefer face-to-face interaction without stepping inside, our basic drive-thru banking allows for quick deposits, withdrawals, and simple transactions without the hassle. Plus, with convenient ATM access available, getting cash or checking balances is straightforward. At Beacon Credit Union, Incorporated, we are dedicated to meeting your financial needs with care and efficiency. Our friendly team is always ready to assist you in making informed decisions about your finances. If you're ready to explore how we can help you achieve your financial goals, give us a call at (434) 237-1566, or visit us at our branch today! We look forward to being part of your financial journey!

Personal Banking

Managing your money is easier with our personal banking services. We provide a variety of checking and savings accounts designed to fit your lifestyle. If you're dreaming of a new car, our auto loans and vehicle financing options can help turn that dream into reality. For those considering home ownership, our mortgage loans and refinancing programs are here to support you at every step. Sometimes life throws unexpected expenses your way, and that's where our personal loans and debt consolidation services come into play. With competitive rates and flexible terms, we aim to ease your financial burdens.

Digital & Online Banking

Key Features

Our user-friendly online banking platform, accessible at https://www.beaconcu.org/ , allows you to check balances, transfer funds, and pay bills with just a few clicks. Plus, with electronic signature authorization, signing documents has never been easier or more convenient. You can handle important transactions without needing to visit a branch. For those who prefer keeping an eye on their finances from their smartphones, our mobile application is here for you. It features mobile payments, so you can make purchases directly from your device without the hassle of cash or cards. Additionally, our person-to-person transfer option enables quick and easy money transfers to friends and family perfect for splitting bills or sending gifts.

Security and Accessibility

We take your security seriously. Our online banking services are equipped with robust security measures to protect your personal information while offering peace of mind as you manage your financial activities. With e-statements available, you can also opt for paperless statements that keep your financial records safe and easily accessible. Whether you're at home or out running errands, Beacon Credit Union, Incorporated ensures that managing your finances is simple and straightforward. Experience the freedom of real-time account management today!

Financial Strength

Commitment to Growth

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 total loans and leases amount to $281,252,961, which includes $8,757 in used auto loans. This robust lending capacity supports our members' financial goals across various sectors.

Conclusion

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 2134 Langhorne Rd Lynchburg Va 24501 or call 434-237-1566 to learn more about how we can help you achieve your financial goals.

Member-Centric 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.

Operational Efficiency

Our operational efficiency is reflected in our net income of $1,760,972, enabling 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. Total share accounts currently stand at 53,509, showing a strong and growing member base that trusts us with their finances.

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, 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 interested in a brand-new model or a reliable used vehicle, our financing options can help you drive away with confidence.

Credit Lines and Business Loans

For those needing additional flexibility or business financing, our total credit lines amount to $87,577,247. This gives businesses the capital they need to grow and expand. Additionally, we have $12,225,451 in outstanding commercial loans available for business owners looking to invest in their ventures. At Beacon Credit Union, we understand that each member's situation is unique. That's why we offer refinancing options for many of our loan products ensuring that you can find a solution that works best for your financial journey. For more information about our loan offerings or to inquire about eligibility requirements and application processes, please feel free to contact us 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. Let us help you take the next step towards achieving your financial goals!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide Junior Lien 1-4 Family Residential Properties loans totaling $19,707,607, allowing you to explore various financing solutions for your dream home. Our experienced team is here to guide you through every step of the process.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $23,136,180 in these loans helping members manage their finances effectively, our credit cards come with competitive rates and beneficial features that fit your lifestyle.

Loan Aggregator

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BEACON CREDIT UNION, INCORPORATED CREDIT UNION