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

Introduction

Welcome to Beacon Credit Union, your trusted financial partner located at 3534 Electric Rd Unit 6, Roanoke, VA 24018. Established in 1939, we have built a strong community of 28,826 members, dedicated to providing exceptional banking services tailored to your needs. With total assets of $328,507,963 and total deposits reaching $21,792,129, we are proud to support our members with financial stability and growth. At Beacon Credit Union, we believe in putting our members first. Our friendly team, led by CEO Greg McConville and Board President Philip Hynes, is committed to creating a welcoming environment for all. Whether you need help with personal banking, auto loans, or business services, we are here for you every step of the way. While members can visit us at our branch for all their banking needs, official correspondence should be sent to our mailing address: PO Box 4319, Lynchburg, VA 24502. With our team of 89 employees ready to assist you, we ensure that your experience with us is smooth and enjoyable. We invite you to explore our range of services, from checking and savings accounts to mortgage loans and credit cards with rewards. Our online and mobile banking options make managing your finances convenient and accessible wherever you are. Come visit us today or give us a call at 434-237-1566. Let's work together towards achieving your financial goals! For more information about our services or to open an account online, check out our website at Beacon Credit Union.

Branch History & Mission

A Legacy of Service

From the start, our mission has been simple yet profound: to provide exceptional financial services while fostering a spirit of community support and cooperation. Over the decades, we have adapted to meet the changing needs of our members while staying true to our core values. Our dedication is evident not only through our extensive range of services including personal banking, auto loans, mortgage refinancing, and business banking but also in how we engage with and uplift those around us. As we look back on the years since opening our doors, we celebrate key milestones that define who we are today. From expanding our services to include online and mobile banking options to ensuring ADA compliance for all members, we've always prioritized accessibility and convenience. We understand that every member's journey is unique and strive to provide personalized solutions that empower them financially.

Join Us Today

We invite you to experience the difference at Beacon Credit Union. Whether you're looking for assistance with saving for your future or seeking financing options for your next vehicle purchase, we're here to help you navigate your financial journey. With ATM availability at your convenience and a friendly team ready to serve you by phone at 434-237-1566, joining our credit union means becoming part of a caring community focused on mutual success. Explore what it means to be a member of Beacon Credit Union today! Visit us online at www.beaconcu.org or stop by our Roanoke branch we can't wait to welcome you!

Mission-Driven Impact

At Beacon Credit Union, we believe that financial health goes hand-in-hand with community support. Our mission extends beyond traditional banking; it encompasses a commitment to making a positive impact in Roanoke and beyond. Through various outreach programs and partnerships with local organizations, we've contributed to initiatives aimed at improving education, economic stability, and overall quality of life for residents. While members can visit us at our branch location on Electric Road for their banking needs, official correspondence should be sent to PO Box 4319 in Lynchburg if necessary. Our operating hours are designed with your schedule in mind open from 10 AM to 3 PM on Mondays and Fridays and from 10 AM to 1 PM on Tuesdays through Thursdays.

Branch Location & Accessibility

Accessibility Features

We understand that accessibility is essential for our members. Our branch is designed with ADA compliance in mind, ensuring that everyone can easily navigate through our space. There's ample parking available right outside our doors, making it simple to stop by and take care of your financial needs.

Conclusion

We invite you to visit us at the Roanoke Branch of Beacon Credit Union! Whether you have questions about your accounts or need assistance with loan options, our team is here for you. Stop by or call today we look forward to meeting you!

Operating Hours

Our doors are open during convenient hours to fit your schedule. You can visit us on Mondays and Fridays from 10 AM to 3 PM, or on Tuesdays, Wednesdays, and Thursdays from 10 AM until 1 PM. If you need assistance outside of these hours, just give us a call at 434-237-1566 to set up an appointment.

Services Offered

At Beacon Credit Union's Roanoke Branch, we offer a wide range of services tailored to meet your financial goals. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgage refinancing, our knowledgeable staff is ready to help. We also provide access to ATMs for quick cash withdrawals and balance checks.

Member Eligibility

At Beacon Credit Union, Incorporated, we believe that everyone deserves a chance to be part of a caring community that prioritizes your financial well-being. Becoming a member is straightforward and welcoming! If you live, work, or worship in certain areas, or if you have family members who are already part of our credit union, you're likely eligible to join. It's all about creating connections that matter! For more details on the specific eligibility requirements, feel free to visit our website at http://www.mybcu.org/business/eligibility. Once you're ready to take the next step toward membership at our Roanoke branch located at 3534 Electric Rd Unit 6, Roanoke Va 24018, opening an account is just a click away. You can easily apply online by visiting this link. If you have any questions or need assistance during the process, don't hesitate to reach out to us at 434-237-1566. Joining Beacon Credit Union means gaining access to a variety of services tailored just for you because here, you're not just a member; you're family.

Business Banking & Commercial Services

Merchant Services That Matter

In today's marketplace, having the right tools is crucial for success. Our merchant services simplify payment processing so you can focus on what you do best running your business. Imagine quickly accepting payments from customers at your shop or online without hassle. This convenience not only enhances customer satisfaction but also improves your cash flow. Located at 3534 Electric Rd Unit 6 Roanoke, VA 24018, our team is ready to help you navigate your financial needs. For more information or to get started, call us at 434-237-1566 or visit our website. Let us be your partner in success!

Supporting 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 & Cash Withdrawal Services

Need cash on the go? Our ATM services allow for easy withdrawals and balance checks without any hassle. Plus, enjoy basic ATM access as part of your membership benefits. We invite you to experience all that Beacon Credit Union has to offer at our Roanoke Branch. For any questions or assistance in choosing the right service for you, feel free to call us at 434-237-1566. Join us today and take control of your financial future!

Auto Loans & Vehicle Financing

Thinking about buying a new car? We offer competitive auto loans and vehicle financing options that can help make your dream vehicle a reality. With flexible terms and rates, we work hard to ensure that your auto loan fits comfortably within your budget. Picture yourself driving off in a new car, knowing you got the best deal possible.

Business Banking Services

For entrepreneurs and small business owners, we provide robust business banking solutions including merchant services and business loans. Your business deserves the best financial support available, and we're here to help it thrive.

Credit Cards with Rewards

Our credit cards come with rewards programs that allow you to earn points on every purchase. From cash back on groceries to travel rewards for vacations, our cards give you more than just purchasing power they reward you for spending wisely.

Digital Banking Features

In today's fast-paced world, convenience matters more than ever. That's why Beacon Credit Union offers comprehensive online and mobile banking features. You can perform transactions anytime from anywhere from checking balances to transferring funds or applying for loans all at the touch of a button.

Mortgage Loans & Refinancing

If homeownership is on your mind, our mortgage loans and refinancing options can guide you through the process with ease. We understand that purchasing or refinancing a home can be overwhelming, which is why our friendly staff is here to assist you every step of the way. We aim to make this significant investment as stress-free as possible.

Personal Banking Services

Our personal banking offerings include checking and savings accounts that can fit your lifestyle and budgeting needs. Imagine having the flexibility to manage your day-to-day expenses while also saving for that dream vacation or home renovation. Our accounts are designed with you in mind, ensuring you have easy access to your funds through online and mobile banking.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses at us, but with our personal loans and debt consolidation services, you don't have to face them alone. Whether it's consolidating existing debts or financing an emergency expense, we offer solutions tailored for various situations. Imagine breathing easier knowing you're managing your debts effectively.

Digital & Online Banking

Key Features for Your Convenience

Our services include electronic signature authorization, making it simple to sign documents without needing to visit a branch. This is just one of the ways we prioritize your convenience while ensuring your information remains secure. You can also opt for e-statements, which allow you to view your account statements anytime, reducing paper clutter and keeping everything organized. For those who prefer mobile banking, our mobile application lets you manage your accounts right from your smartphone. With features like mobile payments and person-to-person transfers, sending money to friends or family has never been easier. Just a few taps on your phone, and you're done!

Security and Accessibility

Security is paramount in today's digital world, and at Beacon Credit Union, Incorporated, we take it seriously. Our online banking services are equipped with robust security measures to keep your personal information safe. Plus, our user-friendly interface ensures that you can navigate through your accounts effortlessly. With the ability to manage your finances in real-time checking balances, making payments, or transferring funds you have full control over your financial life whenever you need it. Embrace the ease of banking from anywhere with our comprehensive digital solutions at Beacon Credit Union, Incorporated!

Financial Strength

At Beacon Credit Union, Incorporated, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our strong financial health metrics with you, reassuring our community of our reliability. 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. 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. 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 supports members' financial goals across various sectors with $8,757 in used auto loans and a total of $281,252,961 in loans and leases. 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. Net Shares (Funds available for lending and investments): $0. Total Share and Deposit Accounts: 53,509, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving or borrowing or planning for the future, Beacon Credit Union is your trusted partner. Visit us at 3534 Electric Rd Unit 6 Roanoke Va 24018 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have already issued $15,909,584 in used vehicle loans and $22,840,727 in new vehicle loans, helping members get on the road confidently. Whether you're interested in financing a brand-new model or a reliable pre-owned vehicle, our flexible terms can fit your budget.

Business Financing

For business owners looking to expand or invest in new opportunities, our outstanding commercial loans totaling $12,225,451 provide the capital needed to grow your business. Whether you're starting a new venture or looking to enhance your current operations, we are here to support your journey. If you're ready to explore these loan options further or need assistance determining which product suits your needs best, please don't hesitate to contact us at 434-237-1566 or visit us at our branch located at 3534 Electric Rd Unit 6 Roanoke VA 24018. 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 dedicated to empowering our members through tailored financial solutions that make sense for their lives today and tomorrow.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $19,707,607, providing you with the financial support needed for your dream home. If you're considering refinancing an existing mortgage, reach out to learn about eligibility options and how we can assist you in lowering your monthly payments.

Unsecured Credit Card Loans

Managing everyday expenses can be challenging. That's why we also provide flexible terms on unsecured credit card loans, with a total of $23,136,180 in loans helping members manage their finances effectively. Enjoy peace of mind knowing you have access to funds when you need them most.

Loan Aggregator

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Ensuring Accurate Loan Comparisons

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 users receive fair and transparent offers. Each loan comparison reflects the most current rates available, allowing users to find options tailored to their needs.

BEACON CREDIT UNION, INCORPORATED CREDIT UNION - Roanoke, VA

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