Dec, 31, 2023 — RESOURCE ONE CREDIT UNION is a federally insured state chartered credit union headquartered in DALLAS, TX with 11 branch locations and about $763.01 million in total assets. Opened 88 years ago in 1936, RESOURCE ONE CREDIT UNION has about 70,529 members and employs 196 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RESOURCE ONE CREDIT UNION |
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Address: (Main Office) | 1200 Belleview St DALLAS, TX 75215-1837 |
Phone: | (214) 319-3100 |
Fax: | (214) 272-0700 |
Website: | https://r1cu.org |
Branches: | 11 branch locations |
Members: | 70,529 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68439 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $763,006,956 |
CEO/Manager: | Mary Beth Spuck |
Chairperson: | Karen Hart |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,356,531 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 208,444,549 |
Unsecured Loans | 54,133,162 |
Other Loans | 358,648,889 |
TOTAL LOANS | 629,909,844 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,343,155 |
Land And Building | 14,283,074 |
Other Fixed Assets | 4,330,525 |
NCUSIF Deposit | 6,274,929 |
All Other Assets | 495,021 |
TOTAL ASSETS | 763,006,956 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 37,258 |
Notes & Interest Payable | 35,000,000 |
Accounts Payable & Other Liabilities | 8,829,150 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
Share Drafts | 156,864,877 |
Regular shares | 194,466,098 |
All Other Shares & Deposits | 323,550,380 |
TOTAL SHARES & DEPOSITS | 674,881,355 |
TOTAL LIABILITIES | 723,747,763 |
Regular Reserve | 0 |
Other Reserves | -5,931,567 |
Undivided Earnings | 45,190,760 |
TOTAL EQUITY | 39,259,193 |
TOTAL LIABILITIES, SHARES, & EQUITY | 763,006,956 |
INCOME & EXPENSE | |
Loan Income | 31,146,787 |
Investment Income | 6,068,600 |
Other Income | 7,810,208 |
Total Employee Compensation & Benefits | 18,458,305 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 25,878,115 |
Non-operating Income & (Expense) | -103,628 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,351,268 |
Cost of Funds | 10,744,996 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -12,517,208 |
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