Dec, 31, 2023 — UNITED ARKANSAS FEDERAL CREDIT UNION is a federal credit union headquartered in LITTLE ROCK, AR with 1 branch location and about $27.33 million in total assets. Opened 42 years ago in 1982, UNITED ARKANSAS FEDERAL CREDIT UNION has about 3,213 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED ARKANSAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8405 Interstate 30 LITTLE ROCK, AR 72209 |
| Phone: | (501) 565-8500 |
| Fax: | (501) 565-8546 |
| Website: | https://www.unitedarkansas.org |
| Branches: | 1 branch locations |
| Members: | 3,213 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23952 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Aug 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,328,266 |
| CEO/Manager: | Chris Furnell |
| Chairperson: | Monic Isom |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 859,016 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,308,704 |
| Other Loans | 16,725,015 |
| TOTAL LOANS | 18,033,719 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -168,752 |
| Land And Building | 1,196,205 |
| Other Fixed Assets | 343,091 |
| NCUSIF Deposit | 251,510 |
| All Other Assets | 55,351 |
| TOTAL ASSETS | 27,328,266 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 970 |
| Notes & Interest Payable | 456,564 |
| Accounts Payable & Other Liabilities | 98,812 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,672,202 |
| Regular shares | 10,504,239 |
| All Other Shares & Deposits | 10,738,711 |
| TOTAL SHARES & DEPOSITS | 23,915,152 |
| TOTAL LIABILITIES | 24,471,498 |
| Regular Reserve | 0 |
| Other Reserves | 2,292,969 |
| Undivided Earnings | 563,799 |
| TOTAL EQUITY | 2,856,768 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,328,266 |
| INCOME & EXPENSE | |
| Loan Income | 1,136,340 |
| Investment Income | 88,184 |
| Other Income | 351,700 |
| Total Employee Compensation & Benefits | 631,632 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,137,292 |
| Non-operating Income & (Expense) | -1,166 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 491,692 |
| Cost of Funds | 261,964 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -815,944 |
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