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1st Resource Credit Union


Overview / Commentary
my1resourcecu.com
205-944-1192
47 W Oxmoor Rd
Birmingham, AL 35209

1st Resource Credit Union is headquartered in Birmingham and is the 44th largest credit union in the state of Alabama. It is also the 2,526th largest credit union in the nation. It was established in 1940 and as of December of 2021, it had grown to 7 employees and 2,541 members at 1 location. 1st Resource Credit Union's money market rates are 3X 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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Health
B

Data as of Q4 2021

Learn why bank health matters
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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD8.53%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$49.7MM$49.2MM
LoansQ4 2021vs Q4 2020$38.7MM$34.4MM
DepositsQ4 2021vs Q4 2020$44.5MM$44.5MM
Equity CapitalQ4 2021vs Q4 2020$5.0MM$4.5MM
Loan Loss AllowanceQ4 2021vs Q4 2020$238.00K$323.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$0$59.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--IRA Savings Account
0.25%$100-Regular Share Savings Account

1st Resource Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$250k*-Money Market Accounts
OTHER TIERS: 0.75% → $100 - $75k | 1.00% → $75k - $125k | 1.20% → $125k - $250k

1st Resource Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%--36 Month Share Certificate
1.10%--24 Month Share Certificate
0.90%--15 Month Share Certificate
0.80%--12 Month Share Certificate
0.75%--6 Month Share Certificate

1st Resource Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%--36 Month IRA Share Certificate
1.10%--24 Month IRA Share Certificate
0.90%--15 Month IRA Share Certificate
0.80%--12 Month IRA Share Certificate
0.75%--6 Month IRA Share Certificate
Locations


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

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