Mission
The mission of BCU is to serve its members with loan and deposit products that meet their financial needs and help achieve their financial goals.
Public Charity
BEACON CREDIT UNION INC
BEACON CREDIT UNION INC, of Lynchburg, VA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $24.2M in revenue, $21.5M in expenses, $332.5M in total assets.
EIN: 540606388
Lynchburg, VA
Latest filing: 2024
Total Revenue$24.2M
Total Expenses$21.5M
Total Assets$332.5M
Grant Records0
Filing Years2020–2024
Where $100 goes at Beacon Credit Union Inc
How Beacon Credit Union Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$50
Gave college scholarships
$50
Provide financial services to our membership, including real estate, business, secured and unsecured loans, checking and savings products and credit card loans
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
VP--IT
Adam Carpenter
CEO
Greg Mcconville
SVP of Retail
Joe Goude
Asst Secretary of the Board
Kathy Smith
VP--Retail
Laura Shafer
VP--Personnel
Lisa Gordon
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $24.2M | $21.5M | $332.5M |
| 2023 | $20.9M | $16.9M | $303.5M |
| 2022 | $16.5M | $12.9M | $289.4M |
| 2021 | $14.5M | $11.4M | $246.0M |
| 2020 | $14.0M | $12.3M | $227.4M |
Between 2020 and 2024, reported annual revenue grew from $14.0M to $24.2M (+73%), with total assets most recently reported at $332.5M.
Interactive year-over-year charts and full filing details available with membership.