Dec, 31, 2023 — ARKANSAS BEST FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $145.28 million in total assets. Opened 64 years ago in 1960, ARKANSAS BEST FEDERAL CREDIT UNION has about 12,347 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ARKANSAS BEST FEDERAL CREDIT UNION |
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Address: (Main Office) | 3501 Old Greenwood Rd FORT SMITH, AR 72903 |
Phone: | (479) 649-2060 |
Fax: | (479) 649-2070 |
Website: | https://www.abfcu.org |
Branches: | 1 branch locations |
Members: | 12,347 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13737 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $145,277,637 |
CEO/Manager: | NORMA J MEARES |
Chairperson: | MARK SHAVER |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,491,201 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 16,045,399 |
Other Loans | 46,356,354 |
TOTAL LOANS | 62,401,753 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,260,179 |
Land And Building | 197,094 |
Other Fixed Assets | 262,826 |
NCUSIF Deposit | 1,257,258 |
All Other Assets | 7,176 |
TOTAL ASSETS | 145,277,637 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 264,770 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,405,906 |
Regular shares | 50,279,693 |
All Other Shares & Deposits | 59,944,723 |
TOTAL SHARES & DEPOSITS | 124,630,322 |
TOTAL LIABILITIES | 124,895,092 |
Regular Reserve | 0 |
Other Reserves | -386,380 |
Undivided Earnings | 20,768,925 |
TOTAL EQUITY | 20,382,545 |
TOTAL LIABILITIES, SHARES, & EQUITY | 145,277,637 |
INCOME & EXPENSE | |
Loan Income | 3,413,562 |
Investment Income | 1,797,437 |
Other Income | 828,902 |
Total Employee Compensation & Benefits | 2,188,649 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,996,674 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 445,382 |
Cost of Funds | 1,782,235 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 262,154 |
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