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Community Resource Credit Union

Overview
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Community Resource Credit Union is a federal credit union based in Latham, New York. It has been opened since 1935, for 85 years.

With around $86,290,000 in assets, Community Resource Credit Union is considered to be a large credit union. It has 3 branches and 3 ATM locations.

About
Address 20 Wade Road
Latham, New York 12110
Website http://www.communityresourcefcu.com
Phone (518) 783-2211
Fax (518) 783-2266
CEO Terry Langlois
President of the Board Thomas Ellis
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
7,065 members
Membership type: Community credit union
Above average number of members
262:1
Credit union member to staff ratio
262 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$86,288,142
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
Community Resource Credit Union Branch Locations

Community Resource Credit Union: North Greenbush
631 Bloomingrove Drive
Rensselaer, New York 12144
ATM Available
Community Resource Credit Union: Albany Office
1125 Broadway
Menands, New York 12204
ATM Available
Members
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7,065 members
Membership type: Community credit union
Above average number of members

With 7,065 members, the Community Resource Credit Union is considered to be a large credit union. It is larger than 64% of credit unions.

Fees
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$44
Average fee per member
The average fee per member at the Community Resource Credit Union is $44, which is comparable to most credit unions. This rate is lower than 54% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Community Resource Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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262:1
Credit union member to staff ratio
262 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
27 staff members
FTE (full-time equivalent)
0% of employees are part-time
27 full-time, 0 part-time

Community Resource Credit Union has 27 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Community Resource Credit Union has around 262 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$86,288,142
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$10,691
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 55% of credit unions.

Community Resource Credit Union holds a total of $74,410,000 in loans and leases, which is about $10,691 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Community Resource Credit Union pays 0.10%.

Loan rates
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11.76%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.64%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.55%
New car loan rate
Compared to 4.0% nationally
5.17%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.41%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.45%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Credit Card Loan Interest Rate
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