Beacon Financial Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 626041473 ✦ Johnson city, TN ✦ Designated as a 501(c)(14)

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Overview

What is Beacon Financial Credit Union?

Beacon Financial Credit Union is a financial institution committed to serving its approximately 2,723 members. The credit union offers a broad range of financial services, encompassing loans and savings, aiming to meet the financial needs of its members. By providing these services, Beacon Financial Credit Union aims to foster financial well-being and stability within its member community.


Official website here: www.beaconfcu.org

What do the Facebook reviews say about Beacon Financial Credit Union?

88% of 4 reviewers on Facebook recommend Beacon Financial Credit Union. Here is a summary of their reviews:

The users have expressed a very positive sentiment towards the services offered by Beacon Financial Credit Union, highlighting that the quality of service is excellent. This strong recommendation indicates a high level of satisfaction among the users, suggesting that the nonprofit effectively meets the needs of its members.

Overall, the reviews reflect a strong confidence in the institution, with users feeling that they receive valuable support and service. This favorable reception showcases Beacon Financial Credit Union as a reliable organization in the financial sector.


This AI summary has been generated from reviews found on Facebook.

Is Beacon Financial Credit Union legitimate?

Beacon Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Beacon Financial Credit Union 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $409,047
Professional Fundraising Fees: $0
Other Salaries and Wages: $454,293

For more financial information, click here


Official website here: www.beaconfcu.org

What is the mission statement of Beacon Financial Credit Union?

Beacon Financial Credit Union is committed to providing a range of financial services to its members. This includes offering loans and savings options to its approximately 2,723 members, as well as other financial services. The credit union's mission is to serve its members effectively, providing them with the financial tools they need to manage their finances. By offering these services, Beacon Financial Credit Union aims to help its members achieve financial stability and independence. The credit union also provides financial services to its approximately 2,354 members, with a focus on loans and savings. Its mission remains the same, which is to assist its members in managing their finances through various financial services.


Official website here: www.beaconfcu.org

Who is the CEO of Beacon Financial Credit Union?

John F Hunter Iii is the Board Chairperson of Beacon Financial Credit Union. The CEO's salary of Beacon Financial Credit Union is $0 and their total compensation is $0.


Official website here: www.beaconfcu.org

What is the revenue of Beacon Financial Credit Union?

Beacon Financial Credit Union's revenue in 2022 was $2,370,404.


Official website here: www.beaconfcu.org

Who are the executives of Beacon Financial Credit Union and what are their salaries?


Here are 11 key members and their salaries (Beacon Financial Credit Union's CEO's salary is $0 and their total compensation is $0):


Debbie Dover (Board Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shana Tate (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Janz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Hilton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Brackett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Sheppard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Tull (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hunter (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
John-Michael Nelms (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Bender (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle Brooks (Coo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.beaconfcu.org

Where can I find the form 990 for Beacon Financial Credit Union?

Beacon Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.beaconfcu.org

Learn more at the official website: www.beaconfcu.org

Mission Statement of Beacon Financial Credit Union

Beacon Financial Credit Union, as a financial institution, is dedicated to serving its members by offering a range of financial services. At its core, the mission of Beacon Financial Credit Union is to provide its approximately 2,723 members with access to loans and savings, expanding this offering to around 2,354 members. By doing so, the credit union aims to cater to various financial needs of its members, ensuring they have the resources to manage their finances effectively.

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Impact




October, 2024

Beacon Financial Credit Union significantly impacts its community by providing essential financial services to approximately 2,723 members. By offering various loans and savings options, it empowers individuals to manage their finances effectively and achieve their financial goals. The credit union serves as a vital resource in Johnson City, TN, promoting financial literacy and stability among its members.

Through its focus on member needs, Beacon Financial Credit Union fosters a sense of community and support, ensuring that members have access to the products and services necessary for economic growth. Whether it’s through facilitating affordable loans or encouraging savings practices, the credit union plays a crucial role in enhancing the financial well-being of its community.




This information is meant to be a general summary of Beacon Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,370,404 (2022)
Expenses
$2,051,759 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,379
  • Program Service Revenue: $1,789,947
  • Gross Receipts: $2,370,404

Assets and Liabilities:

  • Total Assets: $30,130,534
  • Total Liabilities: $27,423,281
  • Net Assets: $2,707,253

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Organization Details

Founding Year

1951

Principal Officer

John F Hunter Iii

Main Address

1102 West Market Street Ste Suite 2, Johnson City, TN, 37604

NTEE Category

Code: W60 - Public benefit

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