Beacon believes in new beginnings
Beacon FCU is looking out for members who need a little help in getting their finances back on track. We’ve designed all of our Fresh Start products and services to help out when life throws you a curve ball.
- Fresh Start Checking
- Share Secured Personal Loan
- Share Secured Credit Card
- Pay Day Loans
- Quick Cash Title Loan
Check out your options and see which one is best for your personal finance needs.
Fresh Start Checking
Get back on track
Everyone makes mistakes. If you’ve run up a sizeable debt or have had other financial issues, our Fresh Start Checking account can help you get back on track.
- Minimum balance $25
- Monthly fee of $12
- Debit card available at no charge
- Electronic Bill Pay services available
- Fast track your paycheck into your account with Direct Deposit
- Coverage for up to five insufficient fund fees
- Complete a free Debit in Focus financial education program
Shared Secured Personal Loan
Get funds - privately
When you need funds but value your privacy, a Share Secured Personal Loan can be a good option. Just show some accumulated savings, sign your name, and you’ll receive the money you need to move forward.
- Money in Beacon Federal Credit Union savings accounts serves as collateral
- Often carries lower interest rates than Signature Loans
- Borrow money while continuing to earn dividends on your savings
- Use funds for any purpose
Share Secured Credit Card
Build or repair your credit score
A Beacon FCU Share Secured Credit Card enables you to build or repair your credit over time, without paying an annual fee.
- Minimum credit amount: $500
- Maximum credit amount: up to $35,000 aggregate unsecured
- Share secured limit not to exceed share amount
- Applicants without a credit score will receive an interest rate based on a credit score of 630 at the time of application*
- Secure chip technology safeguards your personal information and financial data
Pay Day Loans
Cash when you need it
Sometimes, unexpected expenses arise long before your next payday. That’s why Beacon FCU offers convenient cash when you need it most
- $20 Application fee—cash up front to all applicants (non-refundable)
- No Skip-A-Pay allowed
- Maximum 4 loans per member per calendar year
- Must have 6 months of continued employment
- The loan amount may not exceed 50% of gross monthly income**
Quick Cash Title Loan
Use equity for a loan
If you have equity in your car, motorcycle, or RV, you can use it as collateral for a loan.
All you need is your lien-free title to qualify for quick cash. The loan amount is based upon the vehicle’s value and your ability to repay. Once you receive loan approval, we keep the title until you’ve paid the loan off in full.
Minimum loan amount: $500***
Youth Spending Accounts
- No monthly fees
- Your own ATM/Debit Card
- Online and mobile banking
- Scholarship opportunities
- Ages 10-18
Scholarships
You’ve got class. We’ve got cash! Apply today: One of three $2,000 scholarships or One of three $1,000 scholarships!