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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Beacon Credit Union Inc.

Beacon Credit Union Inc.

Fiscal year ending 2021. Filed on October 17, 2022.

107 Leroy Bowen Drive
PO Box 123036
Lynchburg, Virginia 24502

Beacon Credit Union Inc. (EIN: 54-0606388) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Beacon Credit Union Inc., a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 5 out of 96 total employees. Among the employees shown here, the average compensation is $168,068. The highest compensated employee at Beacon Credit Union Inc. is Greg McConville with fiscal year 2021 compensation of $276,392.

Revenue, expenses, and employee compensation

Revenue

$14,508,357

Expenses

$11,413,628

Employee compensation

$5,384,760
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Greg McConville
Chief Executive Officer
$276,392
$276,392 No related compNo other comp
Susan Krantz
Senior Vice President, Operations
$159,006
$159,006 No related compNo other comp
Terry Hammond
Chief Financial Officer
$149,453
$149,453 No related compNo other comp
Joe Goude
Senior Vice President of Retail
$145,045
$145,045 No related compNo other comp
Vickie Smith
Vice President of Personnel
$110,445
$110,445 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Wendy Ayers
Board Vice Chair
$6,000
$6,000 No related compNo other comp
Nancy Compton
Board Secretary
$6,000
$6,000 No related compNo other comp
Sandra Williams
Director
$6,000
$6,000 No related compNo other comp
William Coleman
Director
$6,000
$6,000 No related compNo other comp
Wes Gordon
Treasurer
$6,000
$6,000 No related compNo other comp
Philip Hynes
Board Chair
$6,000
$6,000 No related compNo other comp
Kathy Smith
Asst Secretary of the Board
$4,800
$4,800 No related compNo other comp

Contractors

Texas Series of Lockton Companies LLC
Loan Insurance
$326,506
Jack Henry & Associates Inc.
Data Processing
$253,435
Burgess Commercial Cleaning Inc
Maintenance
$200,972

Mission Statement

The mission of Beacon Credit Union is to serve its members with loan and deposit products that meet their financial needs and help achieve their financial goals.

Revisions to this organization profile

September 10, 2025:
2024 Beacon Credit Union Inc. 990 filed
September 19, 2024:
2023 Beacon Credit Union Inc. 990 filed
June 21, 2023:
2022 Beacon Credit Union Inc. 990 filed

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Other organizations also named Beacon Credit Union

Beacon Credit Union
Wabash, Indiana
Beacon Credit Union Foundation Inc.
Wabash, Indiana