Overview / Commentary
Resource Federal Credit Union is headquartered in Jackson and is the 64th largest credit union in the state of Tennessee. It is also the 2,612th largest credit union in the nation. It was established in 1963 and as of June of 2019, it had grown to 12 employees and 4,572 members at 2 locations. Resource Federal Credit Union has a B health rating.
Health
B
Data as of Q2 2019
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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24575 |
| Year Chartered | 1963 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 5.86% |
| Annual Interest Income | $539.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $38.3MM$37.5MM |
| Loans | Q2 2019vs Q2 2018 | $10.4MM$10.3MM |
| Deposits | Q2 2019vs Q2 2018 | $34.6MM$34.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $3.6MM$3.3MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $32.00K$27.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $60.00K$28.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $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.
Resource Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.77% | - | - | Roth IRA | ||
| 0.75% | - | - | Accumulative IRA | ||
| 0.20% | - | - | Christmas Club | ||
| 0.20% | - | - | Vacation Club | ||
| 0.15%* | $5k* | - | Regular Savings | ||
| OTHER TIERS: 0.10% → $25 - $5k | |||||
| 0.10% | - | - | Scottie Savers | ||
Resource Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $5k* | - | Share Draft Account | ||
| OTHER TIERS: 0.05% → $500 - $5k | |||||
Resource Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.99% | $500 | - | 60 Month CD | |
| 0.89% | $500 | - | 36 Month CD | |
| 0.79% | $500 | - | 24 Month CD | |
| 0.69% | $500 | - | 18 Month CD | |
| 0.59% | $500 | - | 12 Month CD | |
| 0.39% | $500 | - | 6 Month CD | |
| 0.20% | $500 | - | 3 Month CD |
Locations
| Resource Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 525 Old Hickory Blvd | Jackson, TN 38305 |
| Branch Office | 263 N Highland Ave | Jackson, TN 38301-6030 |