Resource One Credit Union


Overview / Commentary
214-319-3100
1200 Belleview St
Dallas, TX 75215

Resource One Credit Union is headquartered in Dallas and is the 45th largest credit union in the state of Texas. It is also the 535th largest credit union in the nation. It was established in 1936 and as of June of 2022, it had grown to 175 employees and 67,866 members at 11 locations. Resource One Credit Union's CD rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Resource One Credit Union is open to anyone who lives or works in northwest Harris County (Houston area) or Dallas County, Texas, or within a 10-mile radius of the Carrollton branch. Membership is also open to employees of Select Employee Groups (listed in the online membership application).
See current membership details

Related Posts

Resource One Credit Union (TX) 60-Month CD Offers Top Rate - 9/9/2022

Resource One Credit Union (Dallas/Houston) 60-month CD and 60-month IRA CD continue to offer top APYs. The minimum opening deposit is $500 with no stated balance cap.

Resource One Credit Union (TX) CD Rates Shoot Up - 8/9/2022

Resource One Credit Union (TX) has dramatically increased the rates on its 24-month and 48-month CDs. The minimum opening deposit is $500 with no stated balance cap.

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Reviews (7)

Resource One Credit Union review

Posted by: |

I have had had a checking and savings account with Resource One for about 8 years now, since my sophomore year of high school and have nothing but great things to say about it. Over those years I have been a klutz and lost my card numerous times. There is never any long wait, hesitation or confusion with issuing me a new card. Not only that, but there is no fees or requirements for having an account, and when opening the checking and savings accounts I was only asked to put $25 into each-very cheap compared to most! The only issue I am faced with is that there aren't very many locations at all around me, so I have to do all my communication over the phone, luckily it has always been a breeze. I highly recommend this credit union to anybody looking for great service and a genuine experience, especially for the younger crowd.

Good Rates, Poor Management

Good CD Rates but they have difficulties with the basics.

You need to open a savings account to open a CD - (which is relatively common). However, they don't know if you need to do transactions in that savings account to avoid inactivity fee. They just know that the account will be inactive after 6 months but not if there will be a fee or not in that case. :)

Asked this: "Hi. Are there any fees if i do not do any transitions in this savings around for 5 years while i wait for the CD to mature?"

Their response #1:
"You do need to do a deposit or withdrawal once every 6 months on the Savings to keep it active."

Asked about Fees again and their response #2:
"It would go dormant after not having any activity for 6 months. And you could possibly get an inactivity fee. "

:)

Fees Fees Fees

Posted by: |

Nobody ever says anything about the costs to transfer between accounts and more, which are probably listed in the fine print somewhere....but rest assured, it's going to cost you. As if that's not bad enough, its like the left hand doesn't know what the right hand is doing. It' disturbing to get a different story every time you call or no follow-up. Guess who will pay for that? I don't have time to babysit the bank. The last straw occurred most recently, when approved for an auto loan based on good credit but forced to have auto draft. Since they don't care if I take my business elsewhere, I'll be refinancing soon, closing down all accounts AND applying for a mortgage next year elsewhere.

By Far The Worse

Resource1 is by far the worst credit union I have had. I cancelled my accounts with them, it just wasn't worth having them. I had recurring transfers to my Resource1 account, had it cancelled and sent them notification of cancellation and withdrawal of my account balance. All for the month of August. I received the check in the month of September, I get a letter in the mail stating I owe them $25 dollars because apparently I cancelled a transfer and had the funds returned to me. But what's funny is I cancelled the transfer for the month of September. Now tell me how that adds up. The check they sent me was dated Sept 14, the transfer I cancelled was for sept 17. Poor accounting in my opinion.

Avoid At All Costs

Posted by: |

I've been with various credit unions over the years and many moves and Resource One is by far and away the worst. I've had probably five or six straight-up arguments with staff and management before about nonsense issues that could be easily resolved. I could sit here and list things and sound mean, or you could never ever bank with these peope. Unless you want higher rates, hidden fees, terrible service, mobile bugs, disinformation, and limited locations. Just wishing someone had told me this years ago too.

Worst Credit Union I Have Been A Member Of

Posted by: |

Their “services” are slow and misleading. Every time I visited a branch I was “greeted” by angry and unattentive tellers. They regularly made deposit and withdraw amount mistakes which they would fix in a very unprofessional manner in order to hide the mistake.their mobile services including deposits and requests to activate service take 10-15 business days and upon confrontation about this very poor service the the manger placed the blame on my shoulders for using the mobile services. I would strongly recommend banking elsewhere.

Avoid Them.

Posted by: |

Resource One took over our credit union (in Carrollton, TX) at the beginning of the year. We had opened a savings account with the previous credit union when we were looking at taking a car loan. Apparently when Resource One took over the account they started assessing inactivity and low account balance fees of $10 per month. There is nothing left in the account now and they have closed it, after they took all my money. They said they sent out new terms and conditions. Don't remember seeing that. Ridiculous that they can basically take all the money out of your savings, just because the want too, and leave you with nothing. I will NOT be using Resource One EVER. Avoid Resource One!



Health
B+

Health Grade Components

Overall
NCUA #68439
Year Chartered1936
Employees175
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD9.38%
Annual Interest Income$13.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$749.8MM$711.5MM
LoansQ2 2022vs Q2 2021$591.9MM$536.8MM
DepositsQ2 2022vs Q2 2021$674.5MM$649.2MM
Equity CapitalQ2 2022vs Q2 2021$58.4MM$55.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.2MM$5.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.8MM$2.2MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Resource One Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Resource One Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$50-IRA Savings Account
0.10%$250-Regular Savings Account
0.10%$250-Summer Savings Account
0.10%$250-Holiday Club Account
0.10%$50-Roary Savings Account
0.10%$50-CU Succeed Savings
0.05%$250-Additional Saving

Resource One Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%*$2.5k*$25kMoney Market Account
OTHER TIERS: 1.06% $50k+ | 1.11% $25k - $50k

Resource One Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2.5k-Prime Spending Account

Resource One Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.65%$500-60 Month CD
3.55%$500-48 Month CD
3.39%$500-36 Month CD
3.29%$500-24 Month CD
3.29%$250-24 Month Flex CD
3.29%*$25*$5k12 Month Save to Win CD
OTHER TIERS: 2.73% $5k+
2.78%$500-12 Month CD
2.78%$250-12 Month Flex CD
1.26%$500-6 Month CD
1.26%$250-6 Month Flex CD
0.75%$500-3 Month CD
0.75%$250-3 Month Flex CD

Resource One Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.85%$500-60 Month IRA
3.75%$500-48 Month IRA
3.60%$500-36 Month IRA
3.49%$500-24 Month IRA
2.98%$500-12 Month IRA
1.61%$500-6 Month IRA
1.21%$500-3 Month IRA
Locations

Availability



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