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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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