Resource One Credit Union is headquartered in Dallas and is the 46th largest credit union in the state of Texas. It is also the 548th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 121 employees and 47,373 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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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!
Data for Q4 2013
Institution Health
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, 2013 Resource One Credit Union had $2.73 million in non-current loans and owned real-estate with $38.71 million in equity and loan loss allowances on hand to cover it. This gives Resource One Credit Union a Texas Ratio of 7.06% 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 Resource One Credit Union decreased slightly from 9.17% as of December 31, 2012 to 7.06% as of December 31, 2013, resulting in a positive change of 23.07%.This indicates that the balance sheet and financial strength for Resource One Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Resource One Credit Union has increased its total deposits by $12.87 million, resulting in 3.81% 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 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. Resource One Credit Union has $389.62 million in assets with $38.71 million in equity, resulting in a capitalization level of 9.94%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 68439 |
| Year Chartered | 1936 |
| Employees | 121 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $389.62 million |
| Loans | $310.79 million |
| Deposits | $350.60 million |
| Equity Capital | $35.77 million |
| Loan Loss Allowance | $2.94 million |
| Unbacked Noncurrent Loans | $2.28 million |
| Real Estate Owned | $449,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $371.84 million |
| Equity Capital | $31.24 million |
| Loan Loss Allowance | $3.39 million |
| Unbacked Noncurrent Loans | $2.28 million |
| Real Estate Owned | $290,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.34% |
| Return on Assets | 1.11% |
| Return on Equity | 12.13% |
| Interest Income | $19.23 million |
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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $25k | - | Money Market Account | |
| 0.25% | $50k | - | Executive Suite Money Market Account |
Resource One Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $2,500 | - | Super Power Checking Account | |
| 0.15% | $500 | - | Power Plus Checking Account |
Resource One Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.11% | $90k | - | 60 Month Jumbo CD | |
| 1.00% | $500 | $90k | 60 Month CD | |
| 0.85% | $500 | - | 48 Month Jumbo CD | |
| 0.75% | $500 | $90k | 48 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 | $90k | 36 Month CD | |
| 0.53% | $500 | $90k | 30 Month CD | |
| 0.50% | $500 | $90k | 24 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 | $90k | 18 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 | $90k | 12 Month CD | |
| 0.35% | $250 | - | 12 Month Flex CD | |
| 0.30% | $500 | $90k | 6 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 | $90k | 3 Month CD | |
| 0.20% | $250 | - | 3 Month Flex CD |
Resource One Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $500 | - | 60 Month IRA (Traditional,SEP) | |
| 0.75% | $500 | - | 48 Month IRA (Traditional,SEP) | |
| 0.55% | $500 | - | 36 Month IRA (Traditional,SEP) | |
| 0.53% | $500 | - | 30 Month IRA (Traditional,SEP) | |
| 0.50% | $500 | - | 24 Month IRA (Traditional,SEP) | |
| 0.40% | $500 | - | 18 Month IRA (Traditional,SEP) | |
| 0.35% | $500 | - | 12 Month IRA (Traditional,SEP) | |
| 0.30% | $500 | - | 6 Month IRA (Traditional,SEP) | |
| 0.20% | $500 | - | 3 Month IRA (Traditional,SEP) |
| Resource One Credit Union Locations | ||
|---|---|---|
| Branch Office | 1200 Belleview St | Dallas, TX 75215 |
| Branch Office | 1400 W 43rd St | Houston, TX 77018 |
| Branch Office | 8344 E R L Thornton Fwy Ste 110 | Dallas, TX 75228 |
| Branch Office | 1722 Routh St Ste 118 | Dallas, TX 75201-2513 |
| Branch Office | 2750 N Galloway Ave | Mesquite, TX 75150 |
| Branch Office | 2315 W Airport Fwy | Irving, TX 75062 |
| Branch Office | 9211 Jones Rd | Houston, TX 77065 |
| Branch Office | 755 N Highway 67 | Cedar Hill, TX 75104 |
| Branch Office | 302 W Centerville Rd | Garland, TX 75041 |
| Branch Office | 2501 E Hebron Pkwy Ste 300 | Carrollton, TX 75010 |