Beacon Credit Union Madison Heights VA | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Beacon Credit Union, Incorporated, your trusted financial partner in the heart of Madison Heights, VA. Located at 155 Amelon Sq, our branch has been serving the community since 1939, fostering a spirit of collaboration and commitment to our members. With a proud membership base of over 28,826 individuals, we are dedicated to providing personalized financial services that truly cater to your needs. At Beacon Credit Union, we understand that every financial journey is unique. That's why we offer a wide range of products, including checking and savings accounts, auto loans, mortgage financing, and business banking solutions. Our total assets stand at an impressive $328,507,963, showcasing our stability and ability to support our members' financial goals. With $21,792,129 in total deposits and a net worth of $34,271,657, you can trust us to safeguard your hard-earned money. Whether you're looking for a new vehicle with one of our competitive auto loans or seeking guidance on debt consolidation through personal loans, our experienced team is here to help. Led by CEO Greg McConville and Board President Philip Hynes, we have assembled a dedicated staff of 89 employees who are passionate about making your banking experience as smooth as possible. While you can visit us at our Madison Heights location for all your banking needs, please note that official correspondence should be sent to our mailing address: PO Box 4319, Lynchburg, VA 24502. Feel free to reach out via phone at 434-237-1566 or explore our website at mybcu.org for more information about our services. Join us today and discover how Beacon Credit Union can illuminate your financial path!

Branch History & Mission

At Beacon Credit Union, Incorporated, we are proud of our deep-rooted history and commitment to serving the community in Madison Heights, VA. Established in 1939, our branch has grown alongside the people we serve, evolving from a small local credit union into a trusted financial partner for over 28,000 members. Our journey began with a simple mission: to provide accessible financial services that empower individuals and families. Located at 155 Amelon Sq, Madison Heights, VA 24572, we are conveniently situated near local landmarks, making it easy for our members to visit us. While you can always reach us at this address, please direct official correspondence to our mailing address: PO Box 4319, Lynchburg, VA 24502. Throughout the years, Beacon Credit Union has achieved significant milestones that reflect our growth and dedication. Today, we proudly manage total assets of over $328 million, allowing us to offer a wide range of services tailored to meet the diverse needs of our community. From personal banking solutions like checking and savings accounts to auto loans and mortgages, we strive to support every financial journey. Our mission is clear: We aim to foster financial well-being by providing quality banking services while giving back to the community. We believe in building lasting relationships with our members and promoting economic empowerment through education and outreach initiatives. By collaborating with local organizations and participating in community events, we contribute positively to the lives of those around us. In today's digital landscape, we've embraced technology while ensuring accessibility for all. Our members enjoy modern conveniences such as online banking and mobile payments making managing finances simpler than ever. We prioritize ADA compliance so that everyone can access our services without barriers. Moreover, we remain committed to transparency and service excellence. Our operating hours are designed with our members in mind: Monday through Thursday from 9 AM to 5 PM and on Friday from 9 AM to 6 PM for both lobby and drive-thru services. Plus, with an available ATM on-site and drive-thru banking options, we're here when you need us most. As we look forward to continuing our legacy of service in Madison Heights, we invite you to join our growing family at Beacon Credit Union. Experience firsthand the benefits of membership where your financial goals become our priority. Call us today at 434-237-1566 or visit our website for more information on how you can get started with us!

Branch Location & Accessibility

Welcome to Beacon Credit Union, Incorporated, your friendly neighborhood financial partner located at 155 Amelon Sq, Madison Heights, VA 24572. Our branch is easily accessible and nestled in a vibrant area close to local favorites like the Madison Heights Park and the busy shopping spots around. Whether you're coming in for personal banking or to discuss business options, our welcoming environment ensures you feel right at home. While members can visit us at our Madison Heights location, official correspondence should be sent to PO Box 4319, Lynchburg, VA 24502. We want to make sure all your needs are met seamlessly! At Beacon Credit Union, we prioritize convenience. Our branch features ample parking and is designed with accessibility in mind, including ADA-compliant ramps for easy entry. You'll find that our operating hours cater to your busy schedule too! We're open Monday through Thursday from 9 AM to 5 PM and extend our hours until 6 PM on Fridays for both our lobby and drive-thru services. Need quick cash? We have an ATM on-site for easy withdrawals and balance checks anytime you need them. If you're in a hurry, our drive-thru banking allows for simple transactions without leaving your car perfect for those busy days when time is of the essence. We invite you to explore the wide range of services we offer, from checking and savings accounts to auto loans and credit cards with rewards. Our dedicated team is here to assist you every step of the way. Have questions or ready to get started? Give us a call at 434-237-1566 or stop by today we can't wait to meet you!

Member Eligibility

At Beacon Credit Union, Incorporated, we believe that becoming a member is like joining a family where everyone supports each other. If you're interested in joining us, you'll be happy to know that eligibility is straightforward and welcoming! Generally, anyone who lives, works, worships, or attends school in the Madison Heights area can become a member. This means you're not just getting access to our services but also becoming part of a community that cares about your financial well-being. For more detailed information about eligibility criteria, you can visit our website at http://www.mybcu.org/business/eligibility. Once you're ready to open an account, the process is simple and user-friendly. Just head over to this link to start your application. If you have any questions or need assistance along the way, feel free to give us a call at (434) 237-1566. We can't wait to welcome you into the Beacon family at our branch located at 155 Amelon Sq Madison Heights Va 24572!

Business Banking & Commercial Services

Loan Options That Empower

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 Simplify

In addition to loans, our merchant services make it easy for you to manage transactions efficiently. Whether it's accepting credit cards or streamlining payroll, we provide tools that enhance your operations and improve cash flow. Imagine not having to worry about complicated payment systems so you can focus more on what you do best running your business. Located at 155 Amelon Sq Madison Heights Va 24572 in Madison Heights, VA, our team is ready to assist you every step of the way. For more information or to explore your options, contact us at (434) 237-1566 today!

Comprehensive List Of Services

Accessibility and Support

Whether you prefer visiting us in person or using digital tools, we ensure accessibility for all members. Our branch operates from 9 AM to 5 PM Monday through Thursday and until 6 PM on Friday, making it easy for you to stop by when it suits you best. Plus, if you have questions or need assistance, don't hesitate to call us at (434) 237-1566. At Beacon Credit Union, Incorporated, we're committed to providing comprehensive financial solutions that cater specifically to your needs. Experience the difference today by visiting us at 155 Amelon Sq Madison Heights Va 24572 or explore more about our services online at Madison Heights. Your financial future starts here!

Credit Cards and Business Banking

Looking to earn rewards while making purchases? Our Credit Cards with Rewards program allows you to enjoy benefits while managing your spending effectively. If you're a business owner, we've got you covered with our Business Banking solutions, which include valuable Merchant Services & Business Loans tailored to support your growth.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking features, allowing you to manage your accounts from anywhere at any time. With easy access to ATM & cash withdrawal services, along with basic drive-thru banking for quick transactions, you can handle your finances effortlessly.

Personal Banking Services

We understand that managing personal finances can be challenging. That's why we offer Checking & Savings Accounts that fit various lifestyles, whether you're saving for a special purchase or managing daily expenses. If you're thinking about buying a new car, our Auto Loans & Vehicle Financing options come with competitive rates and flexible terms to help get you on the road without breaking the bank. Dreaming of homeownership? Our Mortgage Loans & Refinancing services are here to guide you through every step of the process, ensuring that you find the right mortgage solution for your circumstances. And for those unexpected expenses or debt management needs, our Personal Loans & Debt Consolidation services can provide relief and clarity.

Digital & Online Banking

Key Features of Our Online Banking

Our online banking platform provides a user-friendly experience, allowing you to check balances, pay bills, and transfer funds all from the comfort of your home or on the go. You can even set up e-statements to receive your account statements electronically, helping you stay organized while reducing paper clutter. Security is also a top priority; our electronic signature authorization feature ensures that your transactions are safe and secure. For those who prefer banking on their mobile devices, our mobile application puts your credit union right in your pocket. With features like mobile payments, you can make purchases quickly and securely without needing cash or cards. Plus, if you need to send money to friends or family, our person-to-person transfers let you do that with just a few taps.

Stay Connected Anytime, Anywhere

Whether you're at home, work, or on vacation, our online banking services keep you connected to your finances. You can manage your accounts in real-time, ensuring that you always know where you stand financially. The convenience of being able to access your funds anytime means less stress and more freedom in your daily life. At Beacon Credit Union, Incorporated, we're committed to providing accessible banking solutions that fit into your lifestyle. Explore all the digital tools we have available by visiting https://www.beaconcu.org/ today!

Financial Strength

Growing Member Base

Total Share Accounts: 53,509, showing a strong and growing member base that trusts us with their finances. At Beacon Credit Union, we're dedicated to supporting each member's journey toward financial success. 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 155 Amelon Sq Madison Heights Va 24572 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.

Investing in Your 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 lending capacity supports your financial goals with $8,757 in used auto loans and $281,252,961 in total loans and leases.

Member-Centric Savings

Your 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.

Proven 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 and committed team.

Solid Financial Foundation

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. We provide financing for both new and used vehicles, ensuring that you find the right fit for your budget and lifestyle.

Business Financing

For business owners seeking capital to grow and expand their operations, our outstanding commercial loans total $12,225,451, providing the funding necessary for various business ventures.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We currently offer Junior Lien 1-4 Family Residential Properties loans totaling $19,707,607. Our team is ready to guide you through the process of securing a mortgage that suits your needs.

Refinancing and Eligibility Options

If you're considering refinancing any existing loans or want to learn more about eligibility options for our loan products, feel free to reach out to us at (434) 237-1566 or visit our website at Beacon Credit Union. Our friendly staff is here to assist you every step of the way. 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're committed to offering you the best solutions tailored to your financial needs. Let us help you navigate your journey toward financial wellness today!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $23,136,180 in loans available, our credit cards can help you manage your finances effectively while providing rewards for everyday purchases.

Loan Aggregator

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BEACON CREDIT UNION, INCORPORATED CREDIT UNION - Madison Heights, VA

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