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NMLS # 808395
Online Banking
Routing# 311079186 | NMLS# 804892
Online Banking
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 Share Accounts

New Share Savings Accounts must have a minimum initial deposit of $5.00. This $5.00 is your share (ownership) in the credit union and is what gives you voting rights at Annual Meetings and any Special Called Meeting.  After the first $5.00, you can deposit unlimited amounts of money into this interest-bearing account. Interest accrues daily on the ‘average daily balance’ and dividends are posted on the last day of each calendar quarter.

Regular share account dividend paid quarterly
0.75% APY declared for the third quarter 2019
APY = Annual Percentage Yield
The minimum balance to earn the dividend rate is $100.00.
The minimum opening amount is $5.00.
The rate may change after the account is opened.
Fees could reduce the earnings on the account.

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Share Draft Accounts

Share Draft Accounts are transactional Checking Accounts. Any member that has a Share Account can have one of the offered Share Draft Accounts. The type of Share Draft Account a member may obtain will be based on their credit score. Members with credit scores equal to, or above 650, will be eligible for the Platinum Draft Account which has no has no monthly service charge. Members whose credit scores are equal to, or below 649, will be eligible for the Regular Share Draft Account which will have a $7.95 monthly service charge. There are no minimum balance requirements on either Draft Account. If you want paper checks, your first box is free. Each Draft Account can be opened with a deposit of as little as $15.00. Electronic deposits can be made into Draft Accounts via direct deposit from any company that offers direct deposit to its employees.

To enhance both Draft Accounts, 1st Resource offers Debit Cards, Bill Pay, Mobile Banking, and Remote Deposit Capture all for FREE.

Members can have electronic deduction (debits) items such as utility payments, insurance premiums, health club dues, and loan payments to other financial institutions, taken from their Draft Account at 1st Resource.

1st Resource reserves the right to close any Draft Account that has excessive return items, NSF’s, or negative balances.

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Share Certificate Accounts

Share Certificates are time deposits that have maturities of 6, 12, 24, 36, 48, and 60 months. The dividends on Share Certificates can compound back into the certificate or can be paid monthly in the form of a check mailed to the member’s residence. 1st Resource will allow deposits into the Share Certificate with no penalty. There are penalties for early withdrawals on Share Certificates. On a certificate of twelve months or less, the penalty is one month’s interest. On a certificate greater than twelve months, the penalty is two month’s interest.

At maturity, Share Certificates can automatically renew into the same maturity certificate at the current rate at 1st Resource or you can choose to have the funds mailed to you or you can pick up a check at the credit union or you can have the funds deposited into you Share Account.


Term APY
6 Month CD 1.56% APY
12 Month CD 2.15% APY
24 Month CD 2.35% APY
36 Month CD 2.50% APY


Rates current as of 09/15/2019

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Money Market Accounts

Limited to no more than six withdrawals of the type of pre-authorized withdrawal or transfer to another credit union account of yours or to a third party via a check or telephone instruction withdrawal. 1st Resource offers some of the highest Money Market rates offered nationwide.

No withdrawal limits if made in person at the branches;
Minimum balance requirements: $1,000.00;
Can write checks off of the account (6 Max);
$30.00 fee for below balance and excessive monthly withdrawals;
Unlimited deposits per month;
Interest rates can change monthly.


Amount APY
Up to $99.99 0.00% APY
Up to $74,999.99 0.75% APY
Up to $124,999.99 2.00% APY
Up to $249,999.99 2.25% APY
$250,000 or greater 2.75% APY


Rates current as of 09/15/2019

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Individual Retirement Accounts

1st Resource offers two typed of IRAs, Traditional and Roth both with some of the highest dividend rates nationally. Dividends are compounded daily and paid quarterly.
The current rate is 2.25% APY.

Traditional IRA’s are contributions to an IRA made on a pre-tax basis. Traditional IRA’s lower gross annual income and can lower tax liabilities in some cases. There are substantial penalties for withdrawals made on traditional IRA’s before age 59 ½.

Roth IRA’s are contributions to an IRA made on a post-tax basis. Withdrawals made on Roth IRA’s prior to age 59 ½ are penalized only on the dividends earned by the Roth IRA.

Each member should consult their own tax accountant to determine which 1st Resource IRA is best for them.

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