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 2,535th largest credit union in the nation. It was established in 1940 and as of September of 2022, it had grown to 6 employees and 2,479 members at 1 location. 1st Resource Credit Union 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.
See current membership details


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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 - YTD0.98%
Return on Equity - YTD9.04%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$49.0MM$48.5MM
LoansQ3 2022vs Q3 2021$36.2MM$39.2MM
DepositsQ3 2022vs Q3 2021$43.7MM$43.6MM
Equity CapitalQ3 2022vs Q3 2021$5.3MM$4.8MM
Loan Loss AllowanceQ3 2022vs Q3 2021$214.00K$290.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$143.00K$12.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$64.00K

Rates for 1st Resource Credit Union are currently being reviewed.


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

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