Financial Resources Credit Union

Financial Resources Credit Union Locations

520 Route 22 East, 1st Floor
Bridgewater, NJ 08807
888.566.2876
www.myfinancialresources.org

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Financial Resources Credit Union is headquartered in Bridgewater and is the 4^th largest credit union in the state of New Jersey. It is also the 492^nd largest credit union in the nation. It was established in 1950 and as of December of 2011, it had grown to 80 employees and 23,178 members. Financial Resources Credit Union has a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Financial Resources Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.02%	$1k	-	Interest Checking

Financial Resources Credit Union Savings Account Rates

Apy	Min	Max	Product
0.48%	$50k	-	Purple Savings
0.48%	$50k	-	Business Purple Savings
0.33%	$5k	$50k	IRA Variable Resource Rewards Platinum Savings
0.33%	$5k	$50k	Roth IRA Variable Resource Rewards Platinum Savings
0.33%	$5k	$50k	CESA Variable Resource Rewards Platinum Savings
0.13%	$5k	$50k	IRA Variable Savings
0.13%	$5k	$50k	Roth IRA Variable Savings
0.13%	$5k	$50k	CESA Variable Savings
0.02%	-	-	Membership Savings
0.02%	-	-	Youth Savings
0.02%	-	-	Business Membership Savings
0.02%	-	-	Business Youth Savings

Financial Resources Credit Union Money Market Rates

Apy	Min	Max	Product
0.33%	$5k	$50k	Resource Rewards Platinum Money Market
0.13%	$5k	$50k	Money Market
0.13%	$5k	$50k	Business Money Market

Financial Resources Credit Union CD Rates

Apy	Min	Max	Product
1.01%	$500	-	30 Month Resource Rewards Platinum CD Special
0.80%	$500	-	30 Month CD Special
0.60%	$500	-	24 - 35 Month Resource Rewards Platinum CD
0.50%	$500	-	15 Month Resource Rewards Platinum CD Special
0.40%	$500	-	24 - 35 Month CD
0.35%	$500	-	12 - 23 Month Resource Rewards Platinum CD
0.30%	$500	-	15 Month CD Special
0.30%	$500	-	6 - 11 Month Resource Rewards Platinum CD
0.25%	$500	-	3 - 5 Month Resource Rewards Platinum CD
0.15%	$500	-	12 - 23 Month CD
0.10%	$500	-	6 - 11 Month CD
0.05%	$500	-	3 - 5 Month CD

Financial Resources Credit Union IRA Rates

Apy	Min	Max	Product
1.01%	$500	-	30 Month Resource Rewards Platinum IRA Special
1.01%	$500	-	30 Month Resource Rewards Platinum Roth IRA Special
1.01%	$500	-	30 Month Resource Rewards Platinum CESA Special
0.80%	$500	-	30 Month IRA Special
0.80%	$500	-	30 Month Roth IRA Special
0.80%	$500	-	30 Month CESA Special
0.60%	$500	-	24 - 35 Month Resource Rewards Platinum IRA
0.60%	$500	-	24 - 35 Month Resource Rewards Platinum Roth IRA
0.60%	$500	-	24 - 35 Month Resource Rewards Platinum CESA
0.40%	$500	-	24 - 35 Month IRA
0.40%	$500	-	24 - 35 Month Roth IRA
0.40%	$500	-	24 - 35 Month CESA
0.35%	$500	-	12 - 23 Month Resource Rewards Platinum IRA
0.35%	$500	-	12 - 23 Month Resource Rewards Platinum Roth IRA
0.35%	$500	-	12 - 23 Month Resource Rewards Platinum CESA
0.30%	$500	-	6 - 11 Month Resource Rewards Platinum IRA
0.30%	$500	-	6 - 11 Month Resource Rewards Platinum Roth IRA
0.30%	$500	-	6 - 11 Month Resource Rewards Platinum CESA
0.25%	$500	-	3 - 5 Month Resource Rewards Platinum IRA
0.25%	$500	-	3 - 5 Month Resource Rewards Platinum Roth IRA
0.25%	$500	-	3 - 5 Month Resource Rewards Platinum CESA
0.15%	$500	-	12 - 23 Month IRA
0.15%	$500	-	12 - 23 Month Roth IRA
0.15%	$500	-	12 - 23 Month CESA
0.10%	$500	-	6 - 11 Month IRA
0.10%	$500	-	6 - 11 Month Roth IRA
0.10%	$500	-	6 - 11 Month CESA
0.05%	$500	-	3 - 5 Month IRA
0.05%	$500	-	3 - 5 Month Roth IRA
0.05%	$500	-	3 - 5 Month CESA

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

FINANCIAL RESOURCES
NCUA #	6665
BankRate Report	View
Year Chartered	1950
Employees	80
Primary Regulator
Assets and Liabilities
Assets	$396.93 million
Loans	$217.64 million
Deposits	$358.79 million
Equity Capital	$34.74 million
Loan Loss Allowance	$3.26 million
Unbacked Noncurrent Loans	$2.46 million
Real Estate Owned	$30,000
Historic Data - December 2010
Assets	$371.92 million
Equity Capital	$34.70 million
Loan Loss Allowance	$3.49 million
Unbacked Noncurrent Loans	$2.81 million
Real Estate Owned	$112,000
Profit Margin - Quarterly
Net Interest Margin	4.41%
Return on Assets	0.03%
Return on Equity	0.33%
Interest Income	$14.05 million
Non-Interest Income	$2.82 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Financial Resources Credit Union had $2.48 million in non-current loans and owned real-estate with $38 million in equity and loan loss allowances on hand to cover it. This gives Financial Resources Credit Union a Texas Ratio of 6.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Financial Resources Credit Union held steady from 7.65% as of December 31, 2010 to 6.54% as of December 31, 2011, resulting in a positive change of 14.55%.This indicates that the balance sheet and financial strength for Financial Resources Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Financial Resources Credit Union has increased its total deposits by $25.36 million, resulting in 7.61% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Financial Resources Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Financial Resources Credit Union has $396.93 million in assets with $38 million in equity, resulting in a capitalization level of 9.57%, which is average.

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