ABOUT US

OUR MISSION STATEMENT:

This Credit Union, founded by its members, exists to promote thrift and to provide convenient, competitive financial services through dedicated volunteers and a professional staff, while maintaining financial stability, adherence to legal compliance and fostering loyalty among its members.

BEACON MUTUAL Federal Credit Union is a non-profit cooperative financial institution owned by its members, and run by volunteer board members.  The credit union exists solely for the purpose of meeting the financial needs of our member-owners.  Rather than paying profits to stockholders, the credit union returns earnings to members in the form of higher savings rates, lower loan rates, low or no fee convenience services, and outstanding personal service.

Originally chartered by the National Credit Union Administration as the Lima Sohio Employees Federal Credit Union in May, 1958, the field of membership at the time was open to employees of the Standard Oil Company who worked in Lima, Ohio as well as employees of the Sales Division of the Lima District, Standard Oil Company working in surrounding counties.   As the ownership of the Lima Refinery changed throughout the years, the credit union maintained the relationship with those employees and expanded the membership to other select employee groups.

BEACON MUTUAL Federal Credit Union serves all employees of Cargill Corporation, Fort Amanda Specialties, Husky Energy, Inc., INEOS USA LLC, International Specialty Products, Inc. (ISP) and The Tom Ahl Family of Automobile Dealerships.  Membership eligibility is also extended to the spouses, children and step-children, parents, siblings, grandparents, grandchildren and in-laws of those employees.  (Other interested employee groups are welcome to join Beacon’s field of membership.  Contact the credit union manager for details.)