Financial Resources Federal Credit Union
Headquarters
520 Route 22 East, 1st Floor
Bridgewater, NJ 08807
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2024 Overview
General Credit Union Information
Financial Resources is an NCUA insured institution located in Bridgewater, NJ. It was founded in 1950 and has approximately $642.29 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 | $642.29 million |
| Loans | $498.81 million |
| Deposits | $488.92 million |
| Capital | $52.80 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 - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
1.00% | $0 | $499 |
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|
| SAV
|
1.00% | $500 | $9,999 |
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|
| SAV
|
1.51% | $10,000 | $24,999 |
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|
| SAV
|
1.51% | $25,000 | $49,999 |
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|
| SAV
|
1.51% | $50,000 | - |
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|
| Ultra Purple
|
2.27% | $100,000 | $249,999 |
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|
| Ultra Purple
|
2.78% | $250,000 | $499,999 |
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|
| Ultra Purple
|
3.03% | $500,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Month Relationship Premium Rate Special
|
4.91% | $500 | - |
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|
| 6 Mo CD
|
1.92% | $500 | - |
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|
| 7 Month Relationship Premium Rate Special
|
5.22% | $500 | - |
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|
| 12 Mo CD
|
2.32% | $500 | - |
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|
| 14 Month Relationship Premium Rate Special
|
5.54% | $500 | - |
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|
| 24 Mo CD
|
2.53% | $500 | - |
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|
| 36 Mo CD
|
3.97% | $500 | - |
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|
| 48 Mo CD
|
4.18% | $500 | - |
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|
| 60 Mo CD
|
4.39% | $500 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.05% | $0 | $1,499 | Learn More |
| INTCK
|
0.10% | $1,500 | - | Learn More |
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More | |||||
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Financial Resources
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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:
Columbus,Ohio
Climate Policy and 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.
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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 |
|---|---|
| 3.30% | 6.97 |
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, 2023, Financial Resources had $1,972,612 in non-current loans and $9,000 in owned assets. To cover these potential losses it had $52,795,827 in net worth and $7,253,381 in loans loss reserves. That gives it a Texas Ratio of 3.30%.
Net Worth
| Financial Resources | U.S. Average |
|---|---|
| 8.22% | 13.62% |
Financial Resources FCU has a net worth of 8.22% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Financial Resources
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