Want to donate to the furbabies at the Lynchburg Humane Society and get a great rate? Beacon has an offer that's perfect for you! 

To celebrate our brand new partnership with the Lynchburg Humane Society, we'll give $10 for every $2,000 balance transfer to a Beacon Credit Card we do between January 23rd and March 31st, 2018. Not only will you help out animals in need, but you'll also benefit from the great introductory rate of 0% APR* for the first 12 months. 

Beacon is here to help you save money and support your local humane society.

The Lynchburg Humane Society is our newest charity partner and they're a valuable member of the Lynchburg community. Hosting everything from Cat yoga to Children's Programs that teach, build relationships and offer support to people who want to be involved in animal rescue, this no kill shelter works towards finding homes for the animals that they take in. Beacon is excited to join this cause and work with the Lynchburg Humane Society on some of their programs.

We'll be announcing more exciting things happening with the Lynchburg Humane Society soon! Be sure to Like us on Facebook, Follow us on Twitter and Watch us on Youtube to keep up with all the latest events.

Click here for more information about the 0% Visa Credit Card* offer.


*Restrictions Apply.

In celebration of our merger in Danville City Credit Union, we're now giving away 5 Scholarships to area high school students!

Our fifth Scholarship will be in honor of B.C Elliott, Jr. Mr. Elliott joined Danville City Credit Union in 1960 and began serving on the Board of Directors in 1976 in the positions of President, Vice-President and member of the Board. He was employed by the city of Danville for 44 years as Assistant Chief of Police. After his retirement, Mr. Elliott continued to serve on the Board of Directors until his death in 2012.

Any member or child of a member can apply for one of five $2,000 Scholarships. You can apply online or download the PDF Application and mail it to Beacon Credit Union. For more information about Beacon's Scholarship Program click here.

 

1. Cancelling Credit Cards helps your credit score...

Depending on your credit history, cancelation could either help or hurt your credit score. There are many factors to review. The length of time you’ve had that card is an important factor. Accounts that you’ve maintained for longer amounts of time can help improve your credit history, while closing them may damage your credit score. Before you cancel your cards, be sure to weigh the value of your history with that card.

2. Applying for Credit Cards does major damage to your Credit Score…

Applying for a Credit Card does create a “hard inquiry”, but does not permanently damage your credit score. It may create a temporary dip, but new cards may help your debt to credit ratio and improve your score. With this in mind you should not apply for too many cards, especially if you have a limited credit history.

3. Using a Credit Card means you’re taking on debt…

This is not always true. If you pay your balances each month, you can gain rewards from using your credit cards without having to pay the interest rates. It all depends on how you use your credit card as to how much debt you take on.

Click here to learn how to get 0% APR on your credit card balance for the first 12 months.

Do you have a new family member who likes to chew the furniture? With new pets or any life changes unexpected costs tend to pop up when you're least prepared for them.

We got you covered with the 'Life Happens' Home Equity Loan.

For a limited time, not only do we have introductory Home Equity rates starting at 2.89% APR,* we'll pay your closing costs up to $1,000**. 

You can use the equity in your home to...

  • Consolidate Bills
  • Home Improvements
  • Pay for Education
  • Buy a new car

(Did we mention home improvements?)

Visit a branch today and find out more about this great offer. You can use more your money to pay for whatever doozy life might throw at you.


*Annual Percentage Rate. All offers 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 of greater than or equal to $25,000. Initial balances of greater than or equal to $25,000 as well as any other outstanding balances on your new line of credit during the first 12 months after loan closing date will be calculated at the introductory variable rate. After 12 months, the variable rate will be the Prime rate, plus or minus a margin. Margin will be determined by a number of factors including, but not limited to, your credit score. Prime Rate as published in the Wall Street Journal, ten days before the end of the prior month (called the “Index”). As of January 1 2018 the variable rates for home equity lines of credit are 4.25%-10.50% APR. The maximum APR that can apply during the term of the Line of Credit is 24% or the max permitted by state law, whichever is less. 15 year draw period and 15 year repayment period. Offer 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 $25 is required for membership. Setup fees range between $0 and $10,000, of which Beacon will cover the first $1000. Early Payoff (within 36 months) may require remittance of any closing costs Beacon paid on your behalf. 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 by Beacon are Appraisal fees, Title Work, Flood determination fees, Notary fees, Deed recording costs, Lenders title insurance and Attorney’s fees. Any additional fees required will be the responsibility of the member at closing. If you pay off your Beacon Home Equity Line of Credit within 36 months from the date of loan origination, you may be required to remit any closing costs Beacon paid on your behalf. Property insurance and flood insurance where applicable, may be required.

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