1st Resource Credit Union


Overview / Commentary
205-944-1192
47 W Oxmoor Rd
Birmingham, AL 35209

1st Resource Credit Union is headquartered in Birmingham and is the 46th largest credit union in the state of Alabama. It is also the 2,602nd largest credit union in the nation. It was established in 1940 and as of September of 2019, it had grown to 9 employees and 2,228 members at 2 locations. 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

Related Posts

1st Resource Credit Union (AL) Adds 15-Month CD Special w/Add-Ons - 2/19/2020

Last week, 1st Resource Credit Union (1st Resource) raised the rates on its 24- and 36-month Share Certificates and 15-month Share Certificate Special.

24-Month CD, 2.85% APY - 2/15/2020

2.85% APY offered on both 24-month and 36-month Share Certificates. 1st Resource will allow deposits into the Share Certificate with no penalty. On a Certificate greater than twelve months, the penalty is two months interest. Residents of Jefferson (Birmingham area) and Montgomery (state capital) Counties can join.

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Health
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

Overall
NCUA #64232
Year Chartered1940
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD3.94%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$38.2MM$39.0MM
LoansQ3 2019vs Q3 2018$28.1MM$28.9MM
DepositsQ3 2019vs Q3 2018$33.5MM$34.6MM
Equity CapitalQ3 2019vs Q3 2018$4.5MM$4.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$226.00K$184.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$477.00K$270.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

24-Month CD, 2.85% APY

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2.85% APY offered on both 24-month and 36-month Share Certificates.
1st Resource will allow deposits into the Share Certificate with no penalty.
On a Certificate greater than twelve months, the penalty is two months interest.
Residents of Jefferson (Birmingham area) and Montgomery (state capital) Counties can join.

Rates

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

Locations


1st Resource Credit Union Locations
Branch Office47 W Oxmoor RdBirmingham, AL 35209
Branch Office2914 Chestnut StMontgomery, AL 36107

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