Financial Resources Federal Credit Union

Headquarters

520 Route 22 East, 1st Floor
Bridgewater, NJ 08807
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.35% 0.85% →
1-Year CD 0.20% 0.67% →
2-Year CD 0.40% 0.80% →
5-Year CD 1.01% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Financial Resources is an NCUA insured institution located in Bridgewater, NJ. It was founded in 1950 and has approximately $567.62 millions in assets.

Who can join?

If you work for or are retired from a select company or organization, or if you are related to or live with someone who is already a member, you can join Financial Resources.

Family members include parents, brothers, sisters, children, in-laws, nieces, nephews, grandparents, grandchildren, aunts, uncles, stepchildren, stepparents, first cousins and spouses of any of the above.

NCUA Insured Yes / Federally Chartered
Charter Number # # 6665
Date Established 1950
Assets $567.62 million
Loans $375.63 million
Deposits $519.28 million
Capital $42.52 million
 

Field of Membership Restrictions

Membership in Financial Resources Federal Credit Union is open to anyone through joining the American Consumer Council. Membership is also open to those who live, work, attend school or worship in Flemington Borough or the Greater New Brunswick area in New Jersey and to employees of Franklin Township and over 100 area Select Employer Groups.

Deposit Rates - December 4, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.35% $500 $9,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.15% $500 - Learn More
12 Mo CD
0.20% $500 - Learn More
18 Mo CD
0.20% $500 - Learn More
24 Mo CD
0.40% $500 - Learn More
30 Mo CD
0.40% $500 - Learn More
36 Mo CD
0.75% $500 - Learn More
48 Mo CD
0.85% $500 - Learn More
60 Mo CD
1.01% $500 - Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $1,499 Learn MoreShow Less
Int Ckg
0.10% $1,500 - Learn MoreShow Less

Loan Rates - December 4, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FINANCIAL RESOURCES

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.737% 2.690% 0.63 $1,520 $1,013 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

Note to FINANCIAL RESOURCES
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Financial Resources 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


Financial Resources Locations



Climate Initiatives

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

Financial Details

Financial Resources Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Financial Resources. 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
Financial Resources U.S. Average
2.80% 3.79

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 June 30, 2021, Financial Resources had $1,335,797 in non-current loans and $67,703 in owned assets. To cover these potential losses it had $42,518,758 in net worth and $7,675,983 in loans loss reserves. That gives it a Texas Ratio of 2.80%.

Net Worth
Financial Resources U.S. Average
7.49% 12.22%

Financial Resources FCU has a net worth of 7.49% versus the BestCashCow average of 12.22. 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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