Totals
- Total revenue
- $70,997,309
- Total expenses
- $66,494,991
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $57,797,240
- Investment income
- $12,576,930
- Other revenue
- $623,139
- Total assets, end of year
- $1,525,962,996
- Total liabilities, end of year
- $1,363,293,713
- Net assets or fund balances, end of year
- $162,669,283
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Income on Loans
total $48,056,491 · related or exempt $48,056,491
-
2b · Program service revenue: Miscellaneous Income (Fees, interchange, servicing)
total $9,740,749 · related or exempt $9,740,749
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $12,594,456 · related or exempt $12,594,456
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $371,542 · other assets $46,900
-
7b · Less cost or other basis and sales expenses
securities $387,728 · other assets $48,240
-
7c · Gain or loss
securities -$16,186 · other assets -$1,340
-
7d · Net gain or loss
total -$17,526 · related or exempt -$17,526
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9b · Gaming: direct expenses
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0
-
11a · Other revenue: Miscellaneous Income
total $326,829 · unrelated business $326,829
-
11b · Other revenue: Visa Income
total $296,310 · related or exempt $296,310
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$623,139
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $2,808,065
-
7 · Other salaries and wages
total $15,462,617
-
8 · Pension plan contributions
total $1,269,773
-
9 · Other employee benefits
total $2,523,398
-
10 · Payroll taxes
total $1,374,577
-
11b · Fees: legal
total $520,854
-
11c · Fees: accounting
total $349,361
-
11f · Fees: investment management
total $231,889
-
11g · Fees: other
total $2,973,401
-
12 · Advertising and promotion
total $743,930
-
13 · Office expenses
total $1,462,180
-
14 · Information technology
total $3,795,829
-
16 · Occupancy
total $1,427,694
-
17 · Travel
total $292,931
-
19 · Conferences, conventions and meetings
total $290,857
-
20 · Interest
total $5,658,995
-
22 · Depreciation, depletion and amortization
total $1,029,776
-
23 · Insurance
total $249,794
-
24a · Other expenses: Share Dividends Paid
total $21,881,879
-
24b · Other expenses: Processing Expense
total $1,639,728
-
24c · Other expenses: Miscellaneous Expense
total $507,463
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,887,634 · end of year $8,107,510
-
2 · Savings and temporary cash investments
beginning of year $38,351,469 · end of year $30,963,922
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,001,949,410 · end of year $1,057,726,181
-
9 · Prepaid expenses and deferred charges
beginning of year $2,188,290 · end of year $2,897,776
-
10a · Land, buildings and equipment: cost or other basis
$31,106,242
-
10b · Land, buildings and equipment: accumulated depreciation
$23,505,794
-
10c · Land, buildings and equipment, net
beginning of year $7,488,403 · end of year $7,600,448
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $354,499,670 · end of year $316,321,287
-
15 · Other assets
beginning of year $105,810,189 · end of year $102,345,872
-
17 · Accounts payable and accrued expenses
beginning of year $12,668,781 · end of year $10,933,119
-
22 · Loans and payables to officers and key people
end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $84,000,000 · end of year $139,000,000
-
25 · Other liabilities
beginning of year $1,260,730,818 · end of year $1,213,360,594
-
31 · Retained earnings, endowment or other funds
beginning of year $159,775,466 · end of year $162,669,283
Mission and programs · 2024
Mission
This organization is a credit union exempt under IRS Code 501 (c) (14) (A). It is a Cooperative Financial Institution. The organization provides fair and competitive financial products responsive to the needs of the member-owners.
Activities or mission (Part I)
This organization is a credit union exempt under IRS Code 501(c) (14) (A). It is a Cooperative Financial Institution
-
Beacon provides multiple types of loan products responsive to the needs of its members including Agriculture, Commercial, Mortgage and Consumer loans. It has 11,416 individual loans totaling $1,057,726,181
-
Beacon Credit Union provides a superior member service experience by offering competitive deposit rates and deposit products to its members. It has 105,196 deposit accounts totaling $1,213,360,595
-
Beacon Credit Union provides 19 Full Service branches, 7 Loan Production offices and 2 back office facilities to meet the operational demands of over 47,000 members
As filed on the 2024 return.
Listed in Part VII
-
Dennis Post
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Dr Lindsay Culver
Board Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Herbert Horrom
Board Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Jim Yates
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
John Peters
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Paul Hartman
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Sarah Delbecq
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Dawn Aschleman
Chief Operations Officer
- Total calculated
- $282,035
- From this org
- $238,000
- From related orgs
- $0
- Other
- $44,035
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,400
- Bonus
- $18,330
- Other
- $30,270
- Deferred
- $44,035
- Nontaxable benefits
- $0
- Filer's total
- $282,035
-
Dustin Cuttriss
President/CEO
- Total calculated
- $732,369
- From this org
- $675,078
- From related orgs
- $0
- Other
- $57,291
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $390,821
- Bonus
- $43,428
- Other
- $240,829
- Deferred
- $38,030
- Nontaxable benefits
- $19,261
- Filer's total
- $732,369
-
Lori Eltzroth
Chief Administrative Officer
- Total calculated
- $294,519
- From this org
- $222,810
- From related orgs
- $0
- Other
- $71,709
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,839
- Bonus
- $19,300
- Other
- $27,671
- Deferred
- $54,467
- Nontaxable benefits
- $17,242
- Filer's total
- $294,519
-
Marc Briney
Chief Marketing Officer
- Total calculated
- $236,809
- From this org
- $214,667
- From related orgs
- $0
- Other
- $22,142
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,797
- Bonus
- $16,310
- Other
- $43,560
- Deferred
- $7,710
- Nontaxable benefits
- $14,432
- Filer's total
- $236,809
-
Ryan Showley
Chief Information Officer
- Total calculated
- $318,359
- From this org
- $241,748
- From related orgs
- $0
- Other
- $76,611
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,702
- Bonus
- $19,350
- Other
- $31,696
- Deferred
- $67,213
- Nontaxable benefits
- $9,398
- Filer's total
- $318,359
-
Steve Caryer
Chief Financial Officer
- Total calculated
- $321,640
- From this org
- $296,813
- From related orgs
- $0
- Other
- $24,827
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $195,227
- Bonus
- $19,940
- Other
- $81,646
- Deferred
- $9,380
- Nontaxable benefits
- $15,447
- Filer's total
- $321,640
-
Todd Beehler
Chief Strategy Officer
- Total calculated
- $371,607
- From this org
- $279,996
- From related orgs
- $0
- Other
- $91,611
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,332
- Bonus
- $40,155
- Other
- $56,509
- Deferred
- $74,369
- Nontaxable benefits
- $17,242
- Filer's total
- $371,607
-
Trisha Loker
Chief Credit Officer
- Total calculated
- $250,730
- From this org
- $210,289
- From related orgs
- $0
- Other
- $40,441
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,860
- Bonus
- $17,880
- Other
- $21,549
- Deferred
- $25,786
- Nontaxable benefits
- $14,655
- Filer's total
- $250,730
-
Craig Bright
VP, Ag Lending Operations
- Total calculated
- $230,568
- From this org
- $212,524
- From related orgs
- $0
- Other
- $18,044
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,355
- Bonus
- $47,080
- Other
- $4,089
- Deferred
- $8,646
- Nontaxable benefits
- $9,398
- Filer's total
- $230,568
-
Danielle Hicks-Appleton
Senior Ag Loan Officer
- Total calculated
- $186,931
- From this org
- $159,893
- From related orgs
- $0
- Other
- $27,038
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,007
- Bonus
- $27,260
- Other
- $626
- Deferred
- $17,640
- Nontaxable benefits
- $9,398
- Filer's total
- $186,931
-
Jodie Creek
Senior Ag Loan Officer
- Total calculated
- $193,040
- From this org
- $170,857
- From related orgs
- $0
- Other
- $22,183
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,817
- Bonus
- $37,080
- Other
- $2,960
- Deferred
- $6,736
- Nontaxable benefits
- $15,447
- Filer's total
- $193,040
-
Kyle Kuehnert
Senior Ag Loan Officer
- Total calculated
- $191,070
- From this org
- $157,110
- From related orgs
- $0
- Other
- $33,960
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,766
- Bonus
- $29,780
- Other
- $2,564
- Deferred
- $17,063
- Nontaxable benefits
- $16,897
- Filer's total
- $191,070
-
Tiffany Haupert
Investment Services Manager
- Total calculated
- $277,163
- From this org
- $242,671
- From related orgs
- $0
- Other
- $34,492
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,013
- Bonus
- $480
- Other
- $178
- Deferred
- $25,461
- Nontaxable benefits
- $9,031
- Filer's total
- $277,163
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Health or social club dues or initiation fees
- All employees are eligible for a 50% reimbursement of their monthly gym membership fees, up to a maximum of $20 per month
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- The following employees participated in a 457(f) plan during 2024- Dustin Cuttriss, Todd Beehler, Ryan Showley, and Lori Eltzroth. The following employees participated in a 457(B) plan during 2024 - Todd Beehler, Marc Briney and Ryan Showley The following employees participated in a REBA/Section 162 Plan - Dawn Aschleman, Todd Beehler, Marc Briney, Steve Caryer, Dustin Cuttriss, Lori Eltzroth, Trish Loker, and Ryan Showley
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Beacon Credit Union Foundation Inc (45-3814789)
501(c)(3) · Private Foundation · IN · controlled entity
Directly controlled by Beacon Credit Union
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Plan One Financial Services Inc
Financial Services · IN · income $68,955 · assets $6,014,016
Directly controlled by Beacon Credit Union
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202513219349312931
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