Latest News From Beacon
Big Plans Start with Home Equity Line of Credit Rates Starting at 5.99% APR*
Your home is more than just a place to live—it’s one of your most valuable financial assets. At Beacon Credit Union, we're helping you make the most of it with our limited-time Home Equity Line of Credit (HELOC) offer.
Enjoy a competitive 5.99% APR* and pay no closing costs up to $500**!
Think of a HELOC like a credit card with a much lower interest rate, backed by the equity in your home. You’ll get a set credit limit and can borrow as much or as little as you need, repaying only what you use.
It’s a smart, cost-effective solution for:
- Remodeling your kitchen or adding that dream deck
- Paying down high-interest credit cards
- Covering tuition or education expenses
- Managing emergency or medical bills
Ready to Get Started?
Visit your nearest Beacon Credit Union branch or apply online today to lock in this 5.99% APR* Home Equity Line of Credit with no closing costs up to $500**!
*APR = Annual Percentage Rate. All offers are subject to credit qualification. To receive the discounted introductory rate, the client must take an initial draw at closing from the new line of credit greater than or equal to $25,000. Initial balances greater than or equal to $25,000 and any other outstanding balances on your new line of credit during the first 12 months after the loan closing date will be calculated at the introductory variable rate. After 12 months, the variable rate will be the Prime Rate plus margin. Margin will be determined by factors, including, but not limited to, your credit score. Prime Rate, as published by Wall Street Journal, is ten days before the end of the prior month (called the “Index”). As of January 27th, 2025, the variable rates for home equity lines of credit are 7.50%-14.00% for the April 10th year draw period and the 15-year repayment period. The offer is only available on properties in Virginia and North Carolina.
This offer is limited to owner-occupied, single-family dwellings and is not valid for rental properties, cooperatives, mobile homes, or residential lots. There is no origination fee charged to open a Beacon Home Equity Line. However, a minimum share account balance of $5 is required for membership. Closing costs range between $0 and $10,000, of which Beacon will cover the first $500 (see closing cost promo details below). Property insurance and flood insurance, where applicable, may be required. All credit union programs may change or end at any time.
**Closing fees that will be covered, up to $500, by Beacon are appraisal fees, title work, flood determination fees, notary fees, deed recording costs, lender's title insurance, and attorney’s fees. Any additional fees required will be the responsibility of the member at closing. Early payoff and closure of credit line (within 36 months) may require remittance of any closing costs Beacon paid on your behalf.
Love your credit union? Well now you can earn $50 for both you and your friend when you refer us!*
Making money has never been easier. Now you can earn $50 for YOU and $50 for your FRIEND OR FAMILY MEMBER when your referral opens a checking account or loan with Beacon Credit Union. Simply follow these steps:
- Have your referral print and complete the form (Click here) and have him or her return it to one of our ten locations to open the account. OR
- Have the referral open an account online using the referring member's promo code. Each member is assigned a promo code that was received through email. If the member is uncertain what the promo code is, he or she can call 434.237.1566 to retrieve it. To open the account online, Click Here.
*Bonus is paid at the time of checking account or loan opening, outside of the minimum balance required to establish the account, there is no additional balance requirements. Account must stay open for a minimum of 12 months to retain the bonus. You can receive up to 6 referral bonus deposits (totaling $300) per calendar year. Beacon reserves the right to end this offer at any time.
🛣️ Why Refinance with Beacon Credit Union?
At Beacon Credit Union, it’s time to shift into savings. Right now, you can refinance your auto loan with rates as low as 4.99% APR*—so you can leave high interest in the rearview mirror. Not only does Beacon offer incredible rates, but you'll benefit from no payment for the first two months of your loan.**
Refinancing your auto loan is like finding the scenic route that also gets you there faster (and cheaper). Here’s what makes Beacon the pit stop of choice:
→ Competitive rates starting at 4.99% APR*
→ Quick and easy application process
→ Flexible terms to fit your journey
→ Local, personalized service
Ready to Take the Wheel?
Don’t miss your chance to hit the financial fast lane. Apply to refinance your auto loan with Beacon Credit Union today and cruise into lower rates with confidence.
👉 Apply Now or visit your local branch to learn more.
*APR=Annual Percentage Rate. APR is determined at the time of your application, based on credit worthiness and the loan value of the vehicle. 4.99% is the lowest rate for qualified applicants with a minimum loan amount of $20,000. 84 months is the maximum term allowed with this promotion. Promotional loan rate is subject to a $299 processing fee. Loan must have 90 days of payment history before vehicle can be refinanced.
**Interest will continue to accrue during the deferred payment period. First payments may be due up to 60 days of the signed contract, depending on the specific loan terms.
Current Beacon loans are not eligible for the promotional rate. Offers cannot be combined or used with other Beacon specials. All credit union programs may change or end at any time.
Unlock Extra Cash in Your Pocket with CashBack Checking
It's finally here! Beacon's brand new CashBack Checking!
This extraordinary account is tailored to meet the needs of today’s savvy spenders, providing exceptional benefits and financial flexibility. Enjoy earning cashback on everyday purchases, from groceries to gas, and even online shopping. This means that not only are you managing your money effectively, but you’re also being rewarded for your spending habits.
But wait, there's more.... Not only do you get money back with the CashBack Checking, here’s even more exceptional benefits you get with this remarkable new checking account.
1% Cash Back* on All Transactions!!!
Why not earn as you spend? With our account, you’ll receive cash back on every purchase, adding value to your everyday transactions.
Free Credit Score and Credit Monitoring
Stay informed about your financial health with complimentary access to your credit score and ongoing monitoring, empowering you to take charge of your finances. Simply opt-in to Free Credit Score in the Beacon Mobile App or Beacon Online Banking.
Early Pay: Get Paid 2 Days Sooner†
Running low on gas and you still have two days until you get paid. Don't sweat it. Enjoy the convenience of accessing your paycheck faster with early direct deposit, making financial management simpler and more efficient.
No Overdraft Fees
Say goodbye to unexpected overdraft fees! Our account eliminates overdraft charges, allowing you to navigate your finances with peace of mind.
ATM Fee Refunds♦
Withdraw cash without worry! We offer refunds on ATM fees, making it easy and cost-effective to access your money whenever you need it.
Free Cashiers Checks¡
Since the CashBack is a debit card only checking account, you can get free cashier checks drawn from your account on the spot when you visit a branch location for those rare moments when a check is needed.
Our new CashBack Checking account is designed to enhance your banking experience and empower you to maximize your financial potential. Don't miss out. Open your account online today or visit a Beacon branch to get started.
*1% cash back earned on qualifying point of sale and online debit card transactions made using your Beacon CashBack debit card. 1% is earned on up to $3000 in purchases during the calendar month, for a maximum payout, to your checking account, of $30 per month including joint accounts.
†Early access to funds is dependent on payer submission of direct deposit and standard fraud prevention restrictions.
♦Receive up to a $15 monthly refund in ATM fees accrued from non-Beacon domestic ATM’s. Does not include inquiry ATM fees.
¡CashBack Checking does not offer checks, but cashier checks can be obtained in a Beacon branch location.
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