1st Resource Credit Union

Headquarters

47 W Oxmoor Rd
Birmingham, AL 35209
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.50% 1.02% →
1-Year CD 0.75% 1.45% →
2-Year CD 1.00% 2.86% →
5-Year CD N.A. 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

1st Resource is an NCUA insured institution located in Birmingham, AL. It was founded in 1940 and has approximately $49.65 millions in assets.

NCUA Insured Yes / State-Chartered
Charter Number # # 64232
Date Established 1940
Assets $49.65 million
Loans $38.74 million
Deposits $44.55 million
Capital $4.96 million
 

Field of Membership Restrictions

Membership is open to those who live, work or worship in Montgomery or Jefferson Counties in Alabama and to employees of Alagasco and the Energen Corporation.

Deposit Rates - May 21, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.50% $2,500 $4,999 Learn More
Money Market
0.50% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.75% $10,000 $14,999 Learn More
6 Mo CD
0.75% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More
36 Mo CD
1.10% $10,000 $14,999 Learn More
36 Mo CD
1.10% $100,000 $199,999 Learn More

Loan Rates - May 21, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 1ST RESOURCE

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
4.768% 4.690% 0.88 $2,252 $1,296 Learn More
Rocket Mortgage
NMLS ID: 3030
5.990% 5.875% 0.75 $3,125 $1,479 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to 1ST RESOURCE
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are 1st Resource branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


1st Resource Locations



Climate Initiatives

1ST RESOURCE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

1st Resource Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st Resource. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
1st Resource U.S. Average
5.92% 4.85

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2021, 1st Resource had $243,863 in non-current loans and $63,862 in owned assets. To cover these potential losses it had $4,960,440 in net worth and $237,549 in loans loss reserves. That gives it a Texas Ratio of 5.92%.

Net Worth
1st Resource U.S. Average
9.99% 12.36%

1st Resource FCU has a net worth of 9.99% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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