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 541st largest credit union in the nation. It was established in 1936 and as of March of 2024, it had grown to 168 employees and 70,529 members at 11 locations. Resource One Credit Union's CD rates are 4X the national average, and it has a C+ 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 CU (TX) Adds A 5 Month 5.64% Apy CD - 3/1/2024

Resource One ended their 1 year 6.17% CD yesterday but did add a 5 month 5.64% apy CD today.

Rate Drop At Rescource One Credit Union - 3/1/2024

Resource One Credit Union has lowered their certificate rates. The 12 month 6.17% add on has dropped today to 3.56%. Opened one yesterday, last day of the month. The CSR said they had been opening a ton of the 6.17% certificates. She said she did not know for certain, but was expecting rates to drop today. Guess they received enough deposits to reach their goal. Glad to lock this in - even if it is for only 12 months.

Resouce One Still Has 12 Month 6.17% CD's & 6.43% 12 Month IRA Cds - 1/25/2024

The field of membership is kind of small, but so far it's been a pretty seamless experience. You have to do a video chat at the end of account opening to verify you are the person on your ID. ACH in or out originating from Resource One is not available. The rep can transfer a maximum of $5000 a day from any institution with a total of $10k total to open a CD. Set up ACH from your other FI's to send and receive funds to your savings account and move it your CD's. Or you can deposit a check at any of their member credit unions once your a member. These are Flex CD's so they do have a set term, but you can add money to them as many times as you want. Resource One lets you set your CD's to mature and auto transfer to your savings or checking account. I don't know why their reviews here have been so bad, that's not been my experience, but I've only been with them a few weeks.They do run a ChexSystem check for each CD, sort of weird, but every FI is different. The rep told me that any member

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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.

This CU Is Very Weak!

Posted by: |

Their profit margins are negative and they have an F rating on one of their key metrics.

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.

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Health
C+

Health Grade Components

Overall
NCUA #68439
Year Chartered1936
Employees168
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.48%
Annual Interest Income$10MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$798.7MM$811.5MM
LoansQ1 2024vs Q1 2023$620.8MM$631MM
DepositsQ1 2024vs Q1 2023$747.7MM$714.4MM
Equity CapitalQ1 2024vs Q1 2023$38.3MM$50MM
Loan Loss AllowanceQ1 2024vs Q1 2023$12.7MM$10.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$12.2MM$6.6MM
Real Estate OwnedQ1 2024vs Q1 2023$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
0.50%$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
0.10%$250-Additional Saving

Resource One Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$2.5k*$25kMoney Market Account
OTHER TIERS: 1.31% $100k+ | 1.41% $25k - $100k

Resource One Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2.5k-Prime Spending Account

Resource One Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.71%$500-36 Month CD
3.71%$500-48 Month CD
3.71%$500-60 Month CD
3.56%$500-24 Month CD
3.30%$500-12 Month CD
3.04%$25-12 Month Save to Win CD
2.78%$500-6 Month CD
2.27%$500-3 Month CD

Resource One Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.97%$500-36 Month IRA
3.97%$500-48 Month IRA
3.97%$500-60 Month IRA
3.82%$500-24 Month IRA
3.56%$500-12 Month IRA
3.04%$500-6 Month IRA
2.53%$500-3 Month IRA
Locations

Availability



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