Jun, 30, 2024 — 1ST RESOURCE CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 1 branch location and about $49.04 million in total assets. Opened 85 years ago in 1940, 1ST RESOURCE CREDIT UNION has about 2,479 members and employs 6 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 |
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Address: (Main Office) | 47 W Oxmoor Rd BIRMINGHAM, AL 35209 |
Phone: | (205) 944-1192 |
Fax: | (205) 944-1196 |
Website: | https://www.my1resourcecu.com |
Branches: | 1 branch locations |
Members: | 2,479 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64232 |
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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: | $49,037,482 |
CEO/Manager: | Rick Miller |
Chairperson: | Reggie Johnson |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,625,577 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,242,541 |
Unsecured Loans | 2,819,267 |
Other Loans | 16,015,603 |
TOTAL LOANS | 36,233,700 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -213,719 |
Land And Building | 901,880 |
Other Fixed Assets | 76,266 |
NCUSIF Deposit | 399,867 |
All Other Assets | 0 |
TOTAL ASSETS | 49,037,482 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 42,420 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,843 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,852,170 |
Regular shares | 10,230,246 |
All Other Shares & Deposits | 31,589,534 |
TOTAL SHARES & DEPOSITS | 43,671,950 |
TOTAL LIABILITIES | 43,716,213 |
Regular Reserve | 0 |
Other Reserves | 722,044 |
Undivided Earnings | 4,599,225 |
TOTAL EQUITY | 5,321,269 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,037,482 |
INCOME & EXPENSE | |
Loan Income | 1,427,431 |
Investment Income | 84,963 |
Other Income | 40,598 |
Total Employee Compensation & Benefits | 347,170 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 464,802 |
Non-operating Income & (Expense) | 72,923 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,250 |
Cost of Funds | 396,863 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 360,830 |
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