1st Resource Credit Union

Overview / Commentary
47 W Oxmoor Rd
Birmingham, AL 35209

1st Resource Credit Union is headquartered in Birmingham and is the 45th largest credit union in the state of Alabama. It is also the 2,539th largest credit union in the nation. It was established in 1940 and as of June of 2022, it had grown to 6 employees and 2,474 members at 1 location. 1st Resource Credit Union's money market rates are 5X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in 1st Resource Credit Union is open to those who live, work, or worship in Montgomery or Jefferson Counties in Alabama.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. 1st Resource Credit Union has a low asset base.

Health Grade Components

NCUA #64232
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD8.7%
Annual Interest Income$982.00K
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$49.5MM$49.0MM
LoansQ2 2022vs Q2 2021$37.7MM$38.9MM
DepositsQ2 2022vs Q2 2021$44.2MM$44.1MM
Equity CapitalQ2 2022vs Q2 2021$5.2MM$4.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$227.00K$303.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$365.00K$23.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

1st Resource Credit Union Savings Account Rates

1.25%--IRA Savings Account
0.50%$100-Regular Share Savings Account

1st Resource Credit Union Money Market Rates

2.25%*$250k*-Money Market Accounts
OTHER TIERS: 1.00% $100 - $75k | 1.25% $75k - $125k | 1.75% $125k - $250k

1st Resource Credit Union CD Rates

2.00%--36 Month Share Certificate
1.75%--24 Month Share Certificate
1.40%--15 Month Share Certificate
1.25%--12 Month Share Certificate
1.00%--6 Month Share Certificate

1st Resource Credit Union IRA Rates

2.00%--36 Month IRA Share Certificate
1.75%--24 Month IRA Share Certificate
1.40%--15 Month IRA Share Certificate
1.25%--12 Month IRA Share Certificate
1.00%--6 Month IRA Share Certificate

1st Resource Credit Union Locations
Branch Office47 W Oxmoor RdBirmingham, AL 35209

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