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Beacon Credit Union Inc

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$20.9M (2023)

Expenses
$16.9M (2023)

Total Assets
$303M (2023)

Total Liabilities
$271M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,946,735
Expenses
$16,906,526
Net Income
$4,040,209
Net Assets
$32,510,686
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $962,153
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,984,582
95.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,308,853
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,378,598
20.0%
Assets/Debt
Total Assets $303,466,627
Total Liabilities $270,955,941
Net Assets $32,510,686
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $390,474 $0 $0
Susan Krantz (Svp Of Operations) $195,848 $0 $0
Terry Hammond (Cfo) $188,787 $0 $0
Joe Goude (Svp Of Retail) $176,608 $0 $0
Laura Shafer (Vp Retail) $109,935 $0 $0
Adam Carpenter (Vp It) $104,592 $0 $0
Lisa Gordon (Vp Personnel) $101,109 $0 $0
Wendy Ayers (Vice Chairman Of The Board) $6,000 $0 $0
Kathy Smith (Asst Secretary Of The Board) $6,000 $0 $0
Philip Hynes (Chairman Of The Board) $6,000 $0 $0
William Coleman (Director) $6,000 $0 $0
Wes Gordon (Treasurer) $6,000 $0 $0
Nancy Compton (Secretary Of The Board) $6,000 $0 $0
Sandra Williams (Director) $5,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,479,530
Expenses
$12,882,679
Net Income
$3,596,851
Net Assets
$28,970,477
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,147,434
98.0%
Investment Income $332,096
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $851,332
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,471,889
27.0%
Assets/Debt
Total Assets $289,405,166
Total Liabilities $260,434,689
Net Assets $28,970,477
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $309,113 $0 $0
Susan Krantz (Svp Of Operations) $174,860 $0 $0
Terry Hammond (Cfo) $171,401 $0 $0
Joe Goude (Svp Of Retail) $156,958 $0 $0
Wendy Ayers (Vice Chairman Of The Board) $6,000 $0 $0
Sandra Williams (Director) $6,000 $0 $0
Kathy Smith (Asst Secretary Of The Board) $6,000 $0 $0
Philip Hynes (Chairman Of The Board) $5,500 $0 $0
William Coleman (Director) $5,500 $0 $0
Wes Gordon (Treasurer) $5,500 $0 $0
Nancy Compton (Secretary Of The Board) $4,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,508,357
Expenses
$11,413,628
Net Income
$3,094,729
Net Assets
$25,373,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,388,940
99.2%
Investment Income $112,431
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,986
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $881,141
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,190,356
28.0%
Assets/Debt
Total Assets $245,953,598
Total Liabilities $220,579,972
Net Assets $25,373,626
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $276,392 $0 $0
Susan Krantz (Svp Of Operations) $159,006 $0 $0
Terry Hammond (Cfo) $149,453 $0 $0
Joe Goude (Svp Of Retail) $145,045 $0 $0
Vickie Smith (Vp Of Personnel) $110,445 $0 $0
Wendy Ayers (Vice Chairman Of The Board) $6,000 $0 $0
Philip Hynes (Chairman Of The Board) $6,000 $0 $0
Nancy Compton (Secretary Of The Board) $6,000 $0 $0
Sandra Williams (Director) $6,000 $0 $0
William Coleman (Director) $6,000 $0 $0
Wes Gordon (Treasurer) $6,000 $0 $0
Kathy Smith (Asst Secretary Of The Board) $4,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,991,814
Expenses
$12,342,738
Net Income
$1,649,076
Net Assets
$22,278,897
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $238,163
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,753,651
98.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $798,702
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,302,495
26.8%
Assets/Debt
Total Assets $227,358,861
Total Liabilities $205,079,964
Net Assets $22,278,897
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $251,948 $0 $17,957
Susan Krantz (Svp Of Operations) $147,315 $0 $10,866
Terry Hammond (Cfo) $142,173 $0 $28,871
Joe Goude (Svp Of Retail) $136,825 $0 $20,375
Vickie Smith (Vp Of Personnel) $106,311 $0 $20,375
Wendy Ayers (Vice Chairman Of The Board) $1,570 $0 $0
Philip Hynes (Chairman Of The Board) $1,570 $0 $0
Nancy Compton (Secretary Of The Board) $1,570 $0 $0
Kathy Smith (Asst Secretary Of The Board) $1,570 $0 $0
Sandra Williams (Director) $1,570 $0 $0
William Coleman (Director) $1,570 $0 $0
Wes Gordon (Treasurer) $1,570 $0 $0
Robert Martin (Supervisory Committee Chairman) $1,570 $0 $0
Kelly Kurtz (Director) $1,570 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,730,683
Expenses
$12,924,888
Net Income
$805,795
Net Assets
$20,410,021
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $394,438
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,336,245
97.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $700,633
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,436,465
26.6%
Assets/Debt
Total Assets $211,107,402
Total Liabilities $190,697,381
Net Assets $20,410,021
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $231,728 $0 $63,001
Terry Hammond (Cfo) $128,303 $0 $30,176
Joe Goude (Svp Of Retail) $121,419 $0 $23,967
Susan Krantz (Svp Of Operations) $117,397 $0 $14,497
Vickie Smith (Vp Of Personnel) $101,786 $0 $23,807
Wendy Ayers (Vice Chairman Of The Board) $0 $0 $0
Philip Hynes (Chairman Of The Board) $0 $0 $0
Nancy Compton (Secretary Of The Board) $0 $0 $0
Kathy Smith (Asst Secretary Of The Board) $0 $0 $0
Kelly Kurtz (Director) $0 $0 $0
Sandra Williams (Treasurer) $0 $0 $0
William Coleman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,433,633
Expenses
$11,531,565
Net Income
$902,068
Net Assets
$19,604,226
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $377,925
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,055,708
97.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $561,496
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,455,117
30.0%
Assets/Debt
Total Assets $185,540,076
Total Liabilities $165,935,850
Net Assets $19,604,226
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $213,897 $0 $54,313
Joe Goude (Svp Of Retail) $120,347 $0 $19,220
Terry Hammond (Cfo) $119,154 $0 $27,510
Susan Krantz (Svp Of Operations) $108,098 $0 $11,357
Wendy Ayers (Chairman Of The Board) $0 $0 $0
Philip Hynes (Vice Chairman Of The Board) $0 $0 $0
Nancy Compton (Secretary Of The Board) $0 $0 $0
Kathy Smith (Asst Secretary Of The Board) $0 $0 $0
Kelly Kurtz (Director) $0 $0 $0
Sandra Williams (Treasurer) $0 $0 $0
William Coleman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,051,344
Expenses
$11,253,352
Net Income
$797,992
Net Assets
$19,028,753
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,774,355
72.8%
Investment Income $161,714
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,115,275
25.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $502,543
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,865,055
25.5%
Assets/Debt
Total Assets $177,294,477
Total Liabilities $158,265,724
Net Assets $19,028,753
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $184,651 $0 $40,000
Joe Goude (Svp Of Retail) $112,798 $0 $15,000
Terry Hammond (Cfo) $112,209 $0 $24,000
Susan Krantz (Vp Of Operations) $92,885 $0 $10,000
Wendy Ayers (Cob) $0 $0 $0
Philip Hynes (Vice Chairman Of The Board) $0 $0 $0
Nancy Compton (Secretary Of The Board) $0 $0 $0
Kathy Smith (Asst Secretary Of The Board) $0 $0 $0
Kelly Kurtz (Director) $0 $0 $0
Sandra Williams (Director) $0 $0 $0
William Coleman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,730,043
Expenses
$12,649,481
Net Income
$80,562
Net Assets
$13,888,943
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,040,675
94.6%
Investment Income $97,777
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $350
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $591,241
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $495,737
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,612,358
20.7%
Assets/Debt
Total Assets $159,069,342
Total Liabilities $145,180,399
Net Assets $13,888,943
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $197,505 $0 $38,290
Joe Goude (Svp Of Retail) $106,169 $0 $13,000
Terry Hammond (Cfo) $105,254 $0 $20,000
Susan Krantz (Vp Of Operations) $86,807 $0 $7,000
Wendy Ayers (Cob) $0 $0 $0
Philip Hynes (Vice Chairman Of The Board) $0 $0 $0
Nancy Compton (Secretary Of The Board) $0 $0 $0
Kathy Smith (Asst Secretary Of The Board) $0 $0 $0
Kelly Kurtz (Director) $0 $0 $0
Wes Gordon (Treasurer) $0 $0 $0
Sandra Williams (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,170,317
Expenses
$11,205,378
Net Income
$964,939
Net Assets
$13,808,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $32,317
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,200
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,133,800
99.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $928,182
8.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,895,075
16.9%
Assets/Debt
Total Assets $154,404,417
Total Liabilities $140,596,036
Net Assets $13,808,381
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mc Conville (Ceo) $187,297 $0 $41,533
Joe Goude (Svp Of Retail) $101,796 $0 $12,511
Vanessa Scearce (Vp Of Southern Region) $99,515 $0 $521
Terry Hammond (Cfo) $99,292 $0 $21,628
Vickie Smith (Vp Of Personnel) $87,473 $0 $17,580
Susan Krantz (Vp Of Operations) $85,225 $0 $10,934
Adam Carpenter (Vp Of It) $73,139 $0 $4,929
Laura Shafer (Vp Of Retail) $69,542 $0 $15,763
Scott Hudson (Vp Of Marketing) $69,382 $0 $521
Leslie Mehaffey (Vp Of Compliance) $55,521 $0 $7,990

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,965,785
Expenses
$9,258,100
Net Income
$707,685
Net Assets
$12,779,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $19,818
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $350
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,945,617
99.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $711,496
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,751,450
18.9%
Assets/Debt
Total Assets $135,352,336
Total Liabilities $122,572,679
Net Assets $12,779,657
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mcconville (Ceo) $176,382 $0 $21,166
Joe Goude (Senior Vp Of Retail) $96,958 $0 $11,635
Terry Hammond (Cfo) $91,201 $0 $21,000
Vickie Smith (Vp Personnel) $84,000 $0 $16,000
Susan Krantz (Vp Of Operations) $77,936 $0 $9,352
Adam Carpenter (Vp It) $67,530 $0 $6,000
Scott Hudson (Vp Of Marketing) $65,341 $0 $2,000
Leslie Mehaffey (Vp Compliance) $52,148 $0 $12,000
Kelly Kurtz (Chairman) $0 $0 $0
Wendy Ayers (Vice Chairperson) $0 $0 $0
Wes Gordon (Treasurer) $0 $0 $0
Nancy Compton (Secretary) $0 $0 $0
Kathy Smith (Asst Secretary) $0 $0 $0
Levi Morris (Director) $0 $0 $0
Sandra Williams (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,155,623
Expenses
$7,126,319
Net Income
$1,029,304
Net Assets
$12,072,322
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $70,507
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,085,116
99.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $673,481
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,497,372
21.0%
Assets/Debt
Total Assets $111,971,785
Total Liabilities $99,899,463
Net Assets $12,072,322
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Mcconville (Ceo) $162,562 $0 $0
Joe Goude (Evp) $88,763 $0 $0
Terry Hammond (Vp Of Finance) $86,606 $0 $0
Vickie Smith (Vp Personnel) $84,698 $0 $0
Susan Krantz (Vp Operations) $73,393 $0 $0
Scott Hudson (Vp Of Marketing) $62,051 $0 $0
Adam Carpenter (Vp It) $58,826 $0 $0
Vanessa Scearce (Vp Danville Region) $56,584 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,614,789
Expenses
$6,491,105
Net Income
$1,123,684
Net Assets
$9,271,732
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $386,102
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,228,687
94.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $541,299
8.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,429,763
22.0%
Assets/Debt
Total Assets $92,451,122
Total Liabilities $83,179,390
Net Assets $9,271,732

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,958,521
Expenses
$6,056,348
Net Income
$902,173
Net Assets
$8,148,563
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $214,952
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,743,569
96.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $489,046
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,284,399
21.2%
Assets/Debt
Total Assets $84,616,968
Total Liabilities $76,468,405
Net Assets $8,148,563

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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