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Beacon Credit Union Share
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Overview Share
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Beacon Credit Union is a federal credit union based in La Porte, Texas. It has been opened since 1949, for 73 years.

With around $163,230,000 in assets, Beacon Credit Union is considered to be a large credit union. It has 6 branches and 6 ATM locations.

About Share
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Address Po Box 1704
La Porte, Texas 77572
Website http://www.beaconfed.org
Phone (281) 471-1782
Fax (281) 470-9287
CEO Jack V. Mcadoo
President of the Board Cliff Walker
Services Offered
Score Card Share
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73 years
Years in business
Opened in 1949
Well Capitalized
Net worth classification
Source: NCUA
16,795 members
Membership type: Community credit union
Above average number of members
311:1
Credit union member to staff ratio
311 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$163,226,678
Total assets
Above average
6 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
15.80%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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6 branches
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
Beacon Credit Union Branch Locations

Beacon Credit Union: Main Office
2901 Sens Road
La Porte, Texas 77571
ATM Available
Beacon Credit Union: Heb - Clear Lake
3501 Clear Lake City Boulevard
Houston, Texas 77059
ATM Available
Beacon Credit Union: Heb - Deer Park
4701 East Boulevard
Deer Park, Texas 77536
ATM Available
Beacon Credit Union: Goose Creek Memorial High School
6001 E. Wallisville Road
Baytown, Texas 77521
ATM Available
Beacon Credit Union: Seabrook Office
2156 Bayport Boulevard
Seabrook, Texas 77586
ATM Available
Beacon Credit Union: Baytown Branch
2812 North Alexander Drive
Baytown, Texas 77520
ATM Available
Members Share
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16,795 members
Membership type: Community credit union
Above average number of members

With 16,795 members, the Beacon Credit Union is considered to be a large credit union. It is larger than 79% of credit unions.

Fees Share
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$107
Average fee per member
The average fee per member at the Beacon Credit Union is $107, which is very high compared to most credit unions. This rate is higher than 87% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Beacon Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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311:1
Credit union member to staff ratio
311 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
54 staff members
FTE (full-time equivalent)
7% of employees are part-time
52 full-time, 4 part-time

Beacon Credit Union has 52 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 93% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Beacon Credit Union has around 311 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$163,226,678
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
7.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$13,572
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 74% of credit unions.

Beacon Credit Union holds a total of $95,250,000 in loans and leases, which is about $13,572 per member on average.

Savings interest rate Share
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Beacon Credit Union pays 0.10%.

Loan rates Share
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15.80%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.85%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.74%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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1.99%
New car loan rate
Compared to 4.0% nationally
1.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.45%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.95%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.00%
Other real estate loan rates
Compared to 0.9% nationally

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