Overview / Commentary
Resource Federal Credit Union is headquartered in Jackson and is the 61st largest credit union in the state of Tennessee. It is also the 2,418th largest credit union in the nation. It was established in 1963 and as of September of 2024, it had grown to 11 employees and 4,044 members at 2 locations. Resource Federal Credit Union has a B+ health rating.
Health
B+
Data as of Q3 2024
Learn why bank health mattersAdditional 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. Resource Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24575 |
| Year Chartered | 1963 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 9.74% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $51.8MM$50.2MM |
| Loans | Q3 2024vs Q3 2023 | $12.6MM$13.1MM |
| Deposits | Q3 2024vs Q3 2023 | $46.6MM$45.6MM |
| Equity Capital | Q3 2024vs Q3 2023 | $4.9MM$4.5MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $31K$26K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $20K$31K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |