Beacon Federal

Beacon Federal was founded in 1953 as a member-owned credit union, proudly serving the employees of Carrier Corporation. Since then we have made major strides in the world of banking. In 1999, we became a depositor-owned, federally insured bank, and in 2007 a publicly traded thrift-holding company.

Through all these changes, we have never lost sight of the original principles that guided us as a small-town credit union. Those cooperative ideals continue to serve our members. Beacon shares its success by conducting business at a very local level—rising to the challenges of the day, seeking ways to improve our range of services, all the while promoting the community at large. We provide the security and confidence of a small firm, but with the wider choice of opportunities and assets of a thriving banking institution.

As the marketplace becomes ever more complex, Beacon promises to deliver superior banking products simply, reliably, and affordably. Integrating an array of financial services for personal and business needs, Beacon offers cash management solutions via insurance, loans, and myriad savings accounts—all designed to keep costs low so we can pass the savings on to all of our members.

Recent initiatives include a remote deposit product to expand services to businesses, and a merger with Marcy Federal Credit Union resulting in two new offices in New York State’s Oneida County.