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ARKANSAS KRAFT EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — ARKANSAS KRAFT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MORRILTON, AR with 1 branch location and about $4.58 million in total assets. Opened 58 years ago in 1966, ARKANSAS KRAFT EMPLOYEES FEDERAL CREDIT UNION has about 529 members and employs 3 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 KRAFT EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
336 Highway 113
MORRILTON, AR 72110
Phone:(501) 354-8765
Fax:(501) 354-2877
Website:n/a
Branches:1 branch locations
Members:529
Credit Union Type:Federal Credit Union
Charter Number:17849
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1966
Last Audited:Aug 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$4,579,064
CEO/Manager:Cindy D Koch
Chairperson:Corey Lingle

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 997,439
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 247,291
 Other Loans 2,745,441
 TOTAL LOANS 2,992,732
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,335
 Land And Building 0
 Other Fixed Assets 6,733
 NCUSIF Deposit 35,453
 All Other Assets 0
  TOTAL ASSETS 4,579,064
LIABILITIES & CAPITAL:  
 Dividends Payable 4,553
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,364,851
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,364,851
  TOTAL LIABILITIES 3,369,404
 Regular Reserve 0
 Other Reserves 142,696
 Undivided Earnings 1,066,964
  TOTAL EQUITY 1,209,660
  TOTAL LIABILITIES, SHARES, & EQUITY 4,579,064
INCOME & EXPENSE  
 Loan Income 138,764
 Investment Income 39,534
 Other Income 4,749
 Total Employee Compensation & Benefits 79,343
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 49,756
 Non-operating Income & (Expense) 1,341
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,335
 Cost of Funds 18,176
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 34,778
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