Lynchburg, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BEACON CREDIT UNION INC, founded in 1939, is a mid-sized nonprofit that reported $24.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $21.5M left a modest 11% surplus.
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.
Gave college scholarships. Raised money for CASA, Boys and Girls Clubs and Big Brothers/Big Sisters. Contributed to YMCA, Pregnancy Center, Centra Foundation and Fellowship of Christan Athletes among...
Gave college scholarships. Raised money for CASA, Boys and Girls Clubs and Big Brothers/Big Sisters. Contributed to YMCA, Pregnancy Center, Centra Foundation and Fellowship of Christan Athletes among others. Contributed to local food pantries. Employees active in community organizations such as SPCA.
Provide financial services to our membership, including real estate, business, secured and unsecured loans, checking and savings products and credit card loans.
Not Applicable.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $24,198,465 | $20,946,735 | +0.2% |
| Expenses | $21,496,362 | $16,906,526 | +0.3% |
| Net Income | $2,702,103 | $4,040,209 | -0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Greg McConville | CEO | 45 |
Officer
Key Emp
Highest
|
$493,266 | $0 | $493,266 |
| Susan Krantz | SVP of Operations | 40 |
Officer
Key Emp
|
$214,748 | $0 | $214,748 |
| Joe Goude | SVP of Retail | 40 |
Officer
Key Emp
|
$196,436 | $0 | $196,436 |
| Terry Hammond | CFO | 40 |
Officer
Key Emp
|
$184,794 | $0 | $184,794 |
| Laura Shafer | VP--Retail | 40 |
Officer
|
$115,675 | $0 | $115,675 |
| Adam Carpenter | VP--IT | 40 |
Officer
|
$113,925 | $0 | $113,925 |
| Lisa Gordon | VP--Personnel | 40 |
Officer
|
$110,313 | $0 | $110,313 |
| Nicole Miller | Controller | 40 |
Officer
|
$107,721 | $0 | $107,721 |
| Wendy Ayers | Vice Chairman of the Board | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| Kathy Smith | Asst Secretary of the Board | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| Philip Hynes | Chairman of the Board | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| William Coleman | Director | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| Wes Gordon | Treasurer | 1.00 |
Director
|
$6,000 | $0 | $6,000 |
| Nancy Compton | Secretary of the Board | 1.00 |
Director
|
$5,500 | $0 | $5,500 |
| Sandra Williams | Director | 1.00 |
Director
|
$5,500 | $0 | $5,500 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $24,198,465 | $21,496,362 | $332,485,880 | $2,702,103 |
| 2023 | $20,946,735 | $16,906,526 | $303,466,627 | $4,040,209 |
| 2022 | $16,479,530 | $12,882,679 | $289,405,166 | $3,596,851 |
| 2021 | $14,508,357 | $11,413,628 | $245,953,598 | $3,094,729 |
| 2021 | $14,508,357 | $11,413,628 | $245,953,598 | $3,094,729 |
| 2020 | $13,991,814 | $12,342,738 | $227,358,861 | $1,649,076 |
| 2019 | $13,730,683 | $12,924,888 | $211,107,402 | $805,795 |
| 2018 | $12,433,633 | $11,531,565 | $185,540,076 | $902,068 |
Compare BEACON CREDIT UNION INC with other nonprofits in Virginia and across the country.