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ARKANSAS BEST FEDERAL CREDIT UNION

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.


ABA Routing Number: 282974831
Name:ARKANSAS BEST FEDERAL CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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