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214-319-3100
1200 Bellview St
Dallas, TX 75215-1837

Resource One Credit Union is headquartered in Dallas and is the 46th largest credit union in the state of Texas. It is also the 558th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 130 employees and 48,012 members. Resource One Credit Union has a A health rating.

Field of Membership Restrictions

Must live or work in Dallas or Northwest Harris (Houston) County. Also open to employees or members of various companies and organizations. - See Details

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Reviews (2)

Fees Fees Fees

Nobody ever says anything about the costs to transfer between accounts and more, which are probably listed in the fine print somewhere....but rest assured, it's going to cost you. As if that's not bad enough, its like the left hand doesn't know what the right hand is doing. It' disturbing to get a different story every time you call or no follow-up. Guess who will pay for that? I don't have time to babysit the bank. The last straw occurred most recently, when approved for an auto loan based on good credit but forced to have auto draft. Since they don't care if I take my business elsewhere, I'll be refinancing soon, closing down all accounts AND applying for a mortgage next year elsewhere.

Avoid Them.

Resource One took over our credit union (in Carrollton, TX) at the beginning of the year. We had opened a savings account with the previous credit union when we were looking at taking a car loan. Apparently when Resource One took over the account they started assessing inactivity and low account balance fees of $10 per month. There is nothing left in the account now and they have closed it, after they took all my money. They said they sent out new terms and conditions. Don't remember seeing that. Ridiculous that they can basically take all the money out of your savings, just because the want too, and leave you with nothing. I will NOT be using Resource One EVER. Avoid Resource One!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Resource One Credit Union had $2.58 million in non-current loans and owned real-estate with $39.7 million in equity and loan loss allowances on hand to cover it. This gives Resource One Credit Union a Texas Ratio of 6.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Resource One Credit Union decreased slightly from 9.02% as of March 31, 2013 to 6.49% as of March 31, 2014, resulting in a positive change of 28.11%.This indicates that the balance sheet and financial strength for Resource One Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Resource One Credit Union has increased its total deposits by $213,000, resulting in 0.06% 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 Resource One Credit Union has shown is above average.

Capitalization

GRADE:
B+

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. Resource One Credit Union has $393.91 million in assets with $39.7 million in equity, resulting in a capitalization level of 10.08%, which is above average.

Institution Statistics

Overall
NCUA #68439
Year Chartered1936
Employees130
Primary Regulator
Assets and Liabilities
Assets$393.91 million
Loans$311.06 million
Deposits$353.97 million
Equity Capital$36.70 million
Loan Loss Allowance$3.00 million
Unbacked Noncurrent Loans$2.04 million
Real Estate Owned$537,000
Historic Data - March 2013
Assets$388.54 million
Equity Capital$32.36 million
Loan Loss Allowance$3.44 million
Unbacked Noncurrent Loans$2.04 million
Real Estate Owned$290,000
Profit Margin - Quarterly
Net Interest Margin1.37%
Return on Assets0.96%
Return on Equity10.31%
Interest Income$4.75 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Resource One Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Resource One Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50-IRA Savings Account
0.25%$50-SEP IRA Savings Account
0.15%$3k-Regular Savings Account
0.15%$3k-MyLifeMyMoney Savings Account (MLMM)
0.15%$250-Summer Savings Account
0.15%$250-Holiday Club Account
0.15%$3k-Roary Savings Account
0.15%$3k-CU Succeed Account

Resource One Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-Money Market Account
0.25%$50k-Executive Suite Money Market Account

Resource One Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$2,500-Super Power Checking Account
0.15%$500-Power Plus Checking Account

Resource One Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.11%$90k-60 Month Jumbo CD
1.00%$500$90k60 Month CD
0.85%$500-48 Month Jumbo CD
0.75%$500$90k48 Month CD
0.65%$90k-36 Month Jumbo CD
0.63%$90k-30 Month Jumbo CD
0.60%$90k-24 Month Jumbo CD
0.60%$1k-24 Month Executive Suite Flex CD
0.55%$500$90k36 Month CD
0.53%$500$90k30 Month CD
0.50%$500$90k24 Month CD
0.50%$90k-18 Month Jumbo CD
0.50%$250-24 Month Flex CD
0.50%$1k-18 Month Executive Suite Flex CD
0.45%$90k-12 Month Jumbo CD
0.45%$1k-12 Month Executive Suite Flex CD
0.40%$500$90k18 Month CD
0.40%$90k-6 Month Jumbo CD
0.40%$250-18 Month Flex CD
0.40%$1k-6 Month Executive Suite Flex CD
0.35%$500$90k12 Month CD
0.35%$250-12 Month Flex CD
0.30%$500$90k6 Month CD
0.30%$90k-3 Month Jumbo CD
0.30%$250-6 Month Flex CD
0.30%$1k-3 Month Executive Suite Flex CD
0.20%$500$90k3 Month CD
0.20%$250-3 Month Flex CD

Resource One Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month IRA
0.75%$500-48 Month IRA
0.55%$500-36 Month IRA
0.53%$500-30 Month IRA
0.50%$500-24 Month IRA
0.40%$500-18 Month IRA
0.35%$500-12 Month IRA
0.30%$500-6 Month IRA
0.20%$500-3 Month IRA
Locations


Resource One Credit Union Locations
Branch Office1200 Belleview StDallas, TX 75215
Branch Office1400 W 43rd StHouston, TX 77018
Branch Office8344 E R L Thornton Fwy Ste 110Dallas, TX 75228
Branch Office1722 Routh St Ste 118Dallas, TX 75201-2513
Branch Office2750 N Galloway AveMesquite, TX 75150
Branch Office2315 W Airport FwyIrving, TX 75062
Branch Office9211 Jones RdHouston, TX 77065
Branch Office755 N Highway 67Cedar Hill, TX 75104
Branch Office302 W Centerville RdGarland, TX 75041
Branch Office2501 E Hebron Pkwy Ste 300Carrollton, TX 75010