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1ST RESOURCE CREDIT UNION

Mar, 31, 2022 — 1ST RESOURCE CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 1 branch location and about $51.23 million in total assets. Opened 82 years ago in 1940, 1ST RESOURCE CREDIT UNION has about 2,455 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:1ST RESOURCE CREDIT UNION
Address:
(Main Office)
47 W Oxmoor Rd
BIRMINGHAM, AL 35209
Phone:(205) 944-1192
Fax:(205) 944-1196
Website:http://www.my1resourcecu.com
Branches:1 branch locations
Members:2,455
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64232
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1940
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$51,228,944
CEO/Manager:Rick Miller
Chairperson:Reggie Johnson

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,078,399
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,623,251
 Unsecured Loans 2,774,977
 Other Loans 18,102,425
 TOTAL LOANS 38,412,389
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -258,000
 Land And Building 909,967
 Other Fixed Assets 85,216
 NCUSIF Deposit 399,867
 All Other Assets 0
  TOTAL ASSETS 51,228,944
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,157
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,197,406
 Regular shares 10,886,690
 All Other Shares & Deposits 33,080,855
  TOTAL SHARES & DEPOSITS 46,164,951
  TOTAL LIABILITIES 46,179,108
 Regular Reserve 0
 Other Reserves 722,044
 Undivided Earnings 4,327,792
  TOTAL EQUITY 5,049,836
  TOTAL LIABILITIES, SHARES, & EQUITY 51,228,944
INCOME & EXPENSE  
 Loan Income 479,707
 Investment Income 4,699
 Other Income 13,458
 Total Employee Compensation & Benefits 136,979
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 183,981
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 112,964
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 89,397
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