Business Solutions
Streamline your operations with business solutions from Beacon Credit Union, offering payment tools, cash management services, and financial resources designed to help your business run efficiently and grow with confidence across Central and Southwest Virginia.
Merchant Services
Help grow your revenue by expanding your payment possibilities.
Beacon Credit Union, in partnership with First Data, delivers payment solutions to help make your payment processing more efficient and profitable. Our quality and service, combined with our proven payment industry expertise, uniquely positions us to meet the needs of your business now and in the future.
- Processing Solutions for All Major Credit and Debit Cards
- Quick and Seamless Startup Time
- Point-of-Sale Solutions
- PCI Compliance for Cardholder Data Security
- Focused on You
Payroll Services
Inclusive, Comprehensive Services from Trusted Payroll Processors.
Payroll solutions include a full suite of services designed to simplify payroll, improve compliance, and save your business time.
- Time Clock Solutions
- Background Checks & New Hire Reporting
- Workers Compensation & Full Service Direct Deposit
- Tax Filing, Compliance & W2/1099 Processing
- Check Signing/Stuffing
- Quarterly (941) and Year-end (940) Filings
- Electronic Tax Deposits
Night Depository
Night Depository is ideal for those companies or individuals who require a secure drop-off during or after business hours.
Deposits are held in a secure fireproof vault until opened in dual custody and credited to your account the next business day.
- No charge night depository service charges
Eligibility for Business Accounts
We offer a variety of comprehensive business-related services that are tailored to your business needs.
A Beacon Credit Union Business Account is designed for businesses of all sizes. Whether you’re a sole proprietor, startup, or established company, you can apply with basic business documentation. Our simple onboarding process helps you quickly access the tools you need to manage payments, expenses, and growth.
Who is Eligible for Business Services?
You can apply for business accounts and services if your business meets the following requirements:
- The business is privately owned and not publicly traded
- The business is locally owned and operates within Beacon Credit Union’s membership area
Membership Area
You live, work, worship, or attend school in, and businesses and other legal entities located in:
| County | City/Town |
| Amherst County | City of Lynchburg |
| Appomattox County | City of Lexington |
| Bedford County | City of Buena Vista |
| Campbell County | City of Danville |
| Nelson County | City of Roanoke |
| Rockbridge County | City of Salem |
| Pittsylvania County | City of Reidsville NC |
| Caswell County NC | City of Eden NC |
| Rockingham County NC | Town of Altavista |
| Roanoke County | Town of Appomattox |
| Botetourt County | Town of Appomattox |
| Town of Bedford. (Region 2000) | |
| Township of Vinton |
Family Membership
- Immediate family members of eligible individuals (including those related by blood, marriage, or adoption)
- Employees of this Credit Union
- Persons retired or pensioners or annuitants from employment to the Credit Union
- Spouses of persons who died while within the field of membership of this credit union
Current Members During Conversion
All individuals and groups who are members at the time of the credit union’s conversion under the community charter, including:
- Members of credit unions affiliated with the Virginia Credit Union League
- The Virginia Credit Union League, as a corporate member
- Credit unions that are corporate members affiliated with the Virginia Credit Union League
- Existing select employee groups (SEGs)
Beacon Learning Center
Expert advice and tips to help you make smart financial decisions.
How to File Taxes for Your Small Business
The Tax Cuts and Jobs Bill reformed not only individual taxes but also corporate taxes, including small businesses. That means when you file, you might have some new things to take into consideration if you have a small business.
The Ins and Outs of Commercial Banking
Do you ever wonder what happens to the money you deposit into your checking account? Let’s find out the hows and whys of commercial banking. We’ll look at things from a customer’s perspective first.
Everything You Need to Know to Get Started With Business Accounting
Being able to understand the terminology used on financial statements is key to knowing if businesses you’re involved with are healthy. Reporting requirements vary across different types of companies. Sole proprietorships, for instance, have much simpler requirements than public companies.
When to Have Separate Accounts for Business Expenses
Keeping your business expenses separate from personal expenses can be an important habit to build if you want simple IRS tax return filings. Doing this can take a few weeks of daily practice. But not doing this could give the IRS a reason to audit you. Here are five easy tips for tracking business expenses.
Business Solutions
Support your growth with business solutions from Beacon Credit Union, including tools designed to help you manage expenses, improve cash flow, and grow with confidence. With convenient access, competitive rates, and trusted local service across Central and Southwest Virginia, Beacon delivers the resources your business needs to succeed.
