Overview
What is Beacon Credit Union Inc?
Beacon Credit Union Inc, based in Lynchburg, Virginia, is a nonprofit financial institution with a mission to cater to its members' financial needs. They offer affordable deposit and loan services to help members reach their financial objectives. In addition to their financial offerings, Beacon Credit Union contributes to community initiatives. They have granted college scholarships and organized golf tournaments to raise funds for Children's Miracle Network and the Boys and Girls Clubs. Employees are actively involved in local community organizations, adding to their impact and commitment to the Lynchburg community. The organization employs 101 individuals.
Official website here: www.mybcu.org
Is Beacon Credit Union Inc legitimate?
Beacon Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. Beacon Credit Union Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $851,332
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,471,889
For more financial information, click here
What is the mission statement of Beacon Credit Union Inc?
Beacon Credit Union's mission is dedicated to assisting its members in meeting their financial requirements through a range of loan and deposit products. This mission empowers members to reach their financial objectives. The credit union offers scholarships to deserving students and actively supports charitable organizations such as Children's Miracle Network and Boys and Girls Clubs through fundraising activities like golf tournaments. Additionally, employees are engaged in community initiatives, contributing to organizations like the SPCA.
Official website here: www.mybcu.org
Who is the CEO of Beacon Credit Union Inc?
Terry Hammond is the Ceo of Beacon Credit Union Inc. The CEO's salary of Beacon Credit Union Inc is $309,113 and their total compensation is $309,113.
Official website here: www.mybcu.org
What is the revenue of Beacon Credit Union Inc?
Who are the executives of Beacon Credit Union Inc and what are their salaries?
The average compensation at Beacon Credit Union Inc during 2022 was $42,804. There are 101 employees and 7 volunteers at Beacon Credit Union Inc.
Here are 11 key members and their salaries (Beacon Credit Union Inc's CEO's salary is $309,113 and their total compensation is $309,113):
- Greg Mcconville (Ceo)
- Susan Krantz (Svp Of Operations)
- Terry Hammond (Cfo)
- Joe Goude (Svp Of Retail)
- Wendy Ayers (Vice Chairman Of The Board) [Trustee/Director]
- Sandra Williams (Director)
- Kathy Smith (Asst Secretary Of The Board) [Trustee/Director]
- Philip Hynes (Chairman Of The Board) [Trustee/Director]
- William Coleman (Director)
- Wes Gordon (Treasurer) [Trustee/Director]
- Nancy Compton (Secretary Of The Board) [Trustee/Director]
Official website here: www.mybcu.org
Where can I find the form 990 for Beacon Credit Union Inc?
The Beacon Credit Union Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mybcu.org
Learn more at the official website: www.mybcu.org
Mission Statement of Beacon Credit Union Inc
Beacon Credit Union Inc, a mission-driven financial institution, strives to cater to its members' financial requirements through a range of loan and deposit products. With a commitment to helping individuals reach their financial objectives, Beacon Credit Union goes beyond offering basic banking services.
The organization's primary goal is to assist its members in navigating their financial journeys. By providing customized loan and deposit solutions, Beacon Credit Union empowers its members to make informed decisions and build a stable financial future. In addition, the credit union invests in the education of its members, offering opportunities for growth and financial literacy.
Moreover, Beacon Credit Union contributes to the community beyond its financial services. Through various initiatives, the credit union demonstrates its dedication to giving back. Examples include organizing golf tournaments to raise funds for Children's Miracle Network and the Boys and Girls Clubs. Furthermore, Beacon Credit Union employees actively participate in local community organizations, such as the SPCA, strengthening the bond between the institution and the community it serves.
Impact
This information is meant to be a general summary of Beacon Credit Union Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Beacon Credit Union Inc has made a significant impact by providing low-cost deposit and loan services to its members, helping them achieve their financial goals. Additionally, through initiatives like offering college scholarships and fundraising for organizations like Children's Miracle Network and Boys and Girls Clubs through golf tournaments, Beacon Credit Union Inc has actively contributed to the well-being of the community. Furthermore, the employees' involvement in community organizations such as the SPCA showcases the credit union's commitment to social responsibility and community engagement. This demonstrates Beacon Credit Union Inc's dedication to making a positive difference in the lives of its members and the broader community in LYNCHBURG, VA.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1939
Phone
(434) 237-1566
Principal Officer
Terry Hammond
Main Address
107 Leroy Bowen Drive, Lynchburg, VA, 24502
Website
www.mybcu.org
NTEE Category
Code: W60 - Public benefit
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