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Filing year 2024

BEACON CREDIT UNION INC

Lynchburg, Virginia·EIN 54-0606388·501(c)(14)
Total revenue
$24.2M
Total assets
$332.5M
Total expenses
$21.5M
Reported officers
15
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$493k
$523k
Base
$450k
Bonus
$44k
Other
Benefits
$13k
SVP of Operations
Senior Vice President
25th percentile to median
$215k
$228k
Base
$203k
Bonus
$12k
Other
Benefits
$13k
SVP of Retail
Senior Vice President
25th percentile to median
$196k
$208k
Base
$186k
Bonus
$10k
Other
Benefits
$25k
CFO
75th to 90th percentile
$185k
$196k
Base
$182k
Bonus
$3k
Other
Benefits
$37k
Vp--retail
Officer (Unspecified)
$116k
$123k
Vp--it
Officer (Unspecified)
$114k
$121k
Vp--personnel
Officer (Unspecified)
$110k
$117k
Controller
25th percentile to median
$108k
$114k
Vice Chairman of the Board
Board Vice Chair
25th percentile to median
$6k
$6k
Director
Board Member
25th percentile to median
$6k
$6k
Asst Secretary of the Board
Board Secretary
Median to 75th percentile
$6k
$6k
Chairman of the Board
Board Chair
25th percentile to median
$6k
$6k
Treasurer
Board Treasurer
Median to 75th percentile
$6k
$6k
Secretary of the Board
Board Secretary
Median to 75th percentile
$6k
$6k
Director
Board Member
25th percentile to median
$6k
$6k

Teal figures restate each filed amount in 2026 dollars.

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

Up 26%
from 2023

From $390k in 2023 to $493k in 2024.

$390k
2023
$493k
2024
In today's dollarsEst.
Up 23% in real terms$426k to $523k

Estimated with BLS CPI-U for the South 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 26% from 2023 to 2024, while revenue rose 16%.

$390k in 2023 to $493k in 2024.
  • Senior Vice President pay rose 10% from 2023 to 2024.
  • Chief Financial Officer pay fell 2% 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.
Financial trend

Revenue and expenses over time

BEACON CREDIT UNION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$20.9M
$16.9M
2023
$24.2M
$21.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about BEACON CREDIT UNION INC

What does the Chief Executive Officer of BEACON CREDIT UNION INC earn?

In 2024, the Chief Executive Officer of BEACON CREDIT UNION INC received $493,266 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: 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 INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at BEACON CREDIT UNION INC falls in the top 10%.

What are BEACON CREDIT UNION INC's revenue and expenses?

In 2024, BEACON CREDIT UNION INC reported $24.2M in total revenue and $21.5M in total expenses on its IRS Form 990.

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