Nonprofit · EIN 35-6025844
BEACON CREDIT UNION
Tax-exempt · WABASH, IN 46992
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $70,997,309 | $66,494,991 | $4,502,318 | $1,525,962,996 | $1,363,293,713 | $162,669,283 |
| December 31, 2023 | 990 | $62,290,093 | $57,983,205 | $4,306,888 | $1,517,175,065 | $1,357,399,599 | $159,775,466 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $57,797,240
- Investment income
- $12,576,930
- Net gain from sales of assets
- -$17,526
- Other revenue
- $623,139
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,808,065
- Other salaries and wages
- $15,462,617
- Salaries, compensation and benefits (total)
- $23,438,430
- Professional fundraising fees
- $0
- Legal fees
- $520,854
- Accounting fees
- $349,361
- Occupancy
- $1,427,694
- Travel
- $292,931
- Depreciation
- $1,029,776
Balance sheet and other
- Total assets, start of year
- $1,517,175,065
- Total assets, end of year
- $1,525,962,996
- Total liabilities, end of year
- $1,363,293,713
- Net assets, end of year
- $162,669,283
- Land, buildings and equipment
- $7,600,448
- Gross unrelated business income
- $326,829
- Gross receipts
- $71,433,277
- Employees
- 353
- Volunteers
- 10
- Year formed
- 1931
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dustin Cuttriss | President/CEO Officer | 40 | $675,078 | $57,291 |
| Todd Beehler | Chief Strategy Officer Officer | 40 | $279,996 | $91,611 |
| Steve Caryer | Chief Financial Officer Officer | 40 | $296,813 | $24,827 |
| Ryan Showley | Chief Information Officer Officer | 40 | $241,748 | $76,611 |
| Lori Eltzroth | Chief Administrative Officer Officer | 40 | $222,810 | $71,709 |
| Dawn Aschleman | Chief Operations Officer Officer | 40 | $238,000 | $44,035 |
| Tiffany Haupert | Investment Services Manager Highest-paid employee | 40 | $242,671 | $34,492 |
| Trisha Loker | Chief Credit Officer Officer | 40 | $210,289 | $40,441 |
| Marc Briney | Chief Marketing Officer Officer | 40 | $214,667 | $22,142 |
| Craig Bright | VP, Ag Lending Operations Highest-paid employee | 40 | $212,524 | $18,044 |
| Jodie Creek | Senior Ag Loan Officer Highest-paid employee | 40 | $170,857 | $22,183 |
| Kyle Kuehnert | Senior Ag Loan Officer Highest-paid employee | 40 | $157,110 | $33,960 |
| Danielle Hicks-Appleton | Senior Ag Loan Officer Highest-paid employee | 40 | $159,893 | $27,038 |
| Dennis Post | Board Director Trustee or director | 2 | $0 | $0 |
| Dr Lindsay Culver | Board Vice Chair Trustee or director | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Herbert Horrom | Board Chairman Trustee or director | 2 | $0 |
| Jim Yates | Board Director Trustee or director | 2 | $0 |
| John Peters | Secretary/Treasurer Trustee or director | 2 | $0 |
| Paul Hartman | Board Director Trustee or director | 2 | $0 |
| Sarah Delbecq | Board Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dustin Cuttriss | President/CEO Officer | 40 | $649,966 | $55,076 |
| Dan Sparling | VP of Finance Highest-paid employee | 40 | $446,994 | $119,954 |
| Kevin Willour | Former President/CEO left 01/2023 Former | 40 | $373,497 | $76,011 |
| Todd Beehler | Chief Strategy Officer Officer | 40 | $281,845 | $89,680 |
| Ryan Showley | Chief Information Officer Officer | 40 | $244,989 | $75,073 |
| Steve Caryer | Chief Financial Officer Officer | 40 | $293,697 | $24,038 |
| Lori Eltzroth | Chief Admin Officer Officer | 40 | $231,449 | $69,255 |
| Dawn Aschleman | Chief Operations Officer Officer | 40 | $241,784 | $44,096 |
| Trisha Loker | Chief Credit Officer Officer | 40 | $214,061 | $35,768 |
| Tiffany Haupert | Investment Services Manager Highest-paid employee | 40 | $184,250 | $56,429 |
| Marc Briney | Chief Marketing Officer Officer | 40 | $217,985 | $21,360 |
| Craig Bright | VP Ag Lending Operations Highest-paid employee | 40 | $194,808 | $17,727 |
| Danielle Hicks-Appleton | Senior Ag Loan Officer Highest-paid employee | 40 | $158,570 | $22,366 |
| Jodie Creek | Senior Ag Loan Officer Highest-paid employee | 40 | $152,568 | $20,804 |
| Herbert Horrom | Chairman Trustee or director | 2 | $0 | $0 |
| John Peters | Secretary/Treasurer Trustee or director | 2 | $0 | $0 |
| Dennis Post | Director Trustee or director | 2 | $0 | $0 |
| Dr Lindsay Culver | Director Trustee or director | 2 | $0 | $0 |
| Jim Yates | Director Trustee or director | 2 | $0 | $0 |
| Sarah Delbecq | Director Trustee or director | 2 | $0 | $0 |
| Paul Hartman | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 586 S WABASH ST, WABASH, IN 46992-3328
- In care of
- % STEVE CARYER
- Principal officer (990 for 2024)
- Dustin Cuttriss, 586 S Wabash St, Wabash, IN 46992
- Signed the 990
- STEVEN H CARYER, CHIEF FINANCIAL OFFICER
- Phone
- (260) 563-7443
- Website
- beaconcu.org
- Return prepared by
- Forvis Mazars LLP
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-6025844
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $1,525,962,996
- Income (IRS master file)
- $71,433,277
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $70,997,309 | $66,494,991 | $1,525,962,996 | XML |
| 990 | December 2023 | $62,290,093 | $57,983,205 | $1,517,175,065 | XML |
| 990 | December 2022 | $52,771,406 | $47,710,753 | $1,501,055,945 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-6025844).
Questions about BEACON CREDIT UNION
- What is the EIN of BEACON CREDIT UNION?
- The employer identification number (EIN) of BEACON CREDIT UNION is 35-6025844.
- Is BEACON CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2019.
- Are donations to BEACON CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BEACON CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BEACON CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEACON CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BEACON CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Dustin Cuttriss.
- Who are the officers and directors of BEACON CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 20 people; 13 received compensation from the organization, the highest $675,078 (Dustin Cuttriss, President/CEO).
- How much revenue does BEACON CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $70,997,309, expenses of $66,494,991 and total assets of $1,525,962,996 at year end.
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