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Filing year 2024

Beacon Credit Union

Wabash, Indiana·EIN 35-6025844·NTEE W61 · Public & Societal Benefit·501(c)(14)
Total revenue
$71M
Total assets
$1.5B
Total expenses
$66.5M
Reported officers
20
Mission

This organization is a credit union exempt under IRS Code 501 (c) (14) (A). It is a Cooperative Financial Institution. The organization provides fair and competitive financial products responsive to the needs of the member-owners.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

President/ceo
Above 90th percentile
$732k
$788k
Base
$391k
Bonus
$43k
Other
$241k
Benefits
$19k
Chief Strategy Officer
Officer (Unspecified)
$372k
$400k
Base
$183k
Bonus
$40k
Other
$57k
Benefits
$17k
Chief Financial Officer
75th to 90th percentile
$322k
$346k
Base
$195k
Bonus
$20k
Other
$82k
Benefits
$15k
Chief Information Officer
Median to 75th percentile
$318k
$342k
Base
$191k
Bonus
$19k
Other
$32k
Benefits
$9k
Chief Administrative Officer
Officer (Unspecified)
$295k
$317k
Base
$176k
Bonus
$19k
Other
$28k
Benefits
$17k
Chief Operations Officer
Officer (Unspecified)
$282k
$303k
Base
$189k
Bonus
$18k
Other
$30k
Benefits
Investment Services Manager
Highest Compensated Employee
75th to 90th percentile
$277k
$298k
Base
$242k
Bonus
$480
Other
$178
Benefits
$9k
Chief Credit Officer
Officer (Unspecified)
$251k
$270k
Base
$171k
Bonus
$18k
Other
$22k
Benefits
$15k
Chief Marketing Officer
Officer (Unspecified)
$237k
$255k
Base
$155k
Bonus
$16k
Other
$44k
Benefits
$14k
Vp, Ag Lending Operations
Board Vice President
Median to 75th percentile
$231k
$248k
Base
$161k
Bonus
$47k
Other
$4k
Benefits
$9k
Senior Ag Loan Officer
Highest Compensated Employee
Median to 75th percentile
$193k
$208k
Base
$131k
Bonus
$37k
Other
$3k
Benefits
$15k
Senior Ag Loan Officer
Highest Compensated Employee
Median to 75th percentile
$191k
$206k
Base
$125k
Bonus
$30k
Other
$3k
Benefits
$17k
Senior Ag Loan Officer
Highest Compensated Employee
Median to 75th percentile
$187k
$201k
Base
$132k
Bonus
$27k
Other
$626
Benefits
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Beacon Credit Union equaled 1% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
1%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 4%
from 2023

From $705k in 2023 to $732k in 2024.

$705k
2023
$732k
2024
In today's dollarsEst.
Up 1% in real terms$779k to $788k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue rose 14%.

$705k in 2023 to $732k in 2024.
  • Chief Financial Officer pay rose 1% from 2023 to 2024.
  • Chief Information Officer pay fell 1% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Beacon Credit Union

What does the Chief Executive Officer of Beacon Credit Union earn?

In 2024, the Chief Executive Officer of Beacon Credit Union received $732,369 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Beacon Credit Union compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at Beacon Credit Union falls in the top 10%. In 2024, the highest total compensation at Beacon Credit Union equaled 1% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are Beacon Credit Union's revenue and expenses?

In 2024, Beacon Credit Union reported $71M in total revenue and $66.5M in total expenses on its IRS Form 990.

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