Dec, 31, 2023 — NORTHWEST ARKANSAS FEDERAL CREDIT UNION is a federal credit union headquartered in FAYETTEVILLE, AR with 1 branch location and about $16.08 million in total assets. Opened 89 years ago in 1935, NORTHWEST ARKANSAS FEDERAL CREDIT UNION has about 2,275 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHWEST ARKANSAS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1460 N Woolsey Ave FAYETTEVILLE, AR 72703-1867 |
Phone: | (479) 443-4401 |
Fax: | (479) 582-0834 |
Website: | https://www.nwarkansasfcu.com |
Branches: | 1 branch locations |
Members: | 2,275 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 195 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,079,151 |
CEO/Manager: | Becky E Whitted |
Chairperson: | Kim Sullivan |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,272,395 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 196,927 |
Unsecured Loans | 526,250 |
Other Loans | 13,903,347 |
TOTAL LOANS | 14,626,524 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,146 |
Land And Building | 95,037 |
Other Fixed Assets | 7,188 |
NCUSIF Deposit | 142,882 |
All Other Assets | 27,000 |
TOTAL ASSETS | 16,079,151 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 44,824 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,293,037 |
Regular shares | 7,685,519 |
All Other Shares & Deposits | 3,576,215 |
TOTAL SHARES & DEPOSITS | 14,554,770 |
TOTAL LIABILITIES | 14,599,594 |
Regular Reserve | 0 |
Other Reserves | 298,118 |
Undivided Earnings | 1,181,439 |
TOTAL EQUITY | 1,479,557 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,079,151 |
INCOME & EXPENSE | |
Loan Income | 722,806 |
Investment Income | 30,505 |
Other Income | 163,090 |
Total Employee Compensation & Benefits | 308,613 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 341,647 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,672 |
Cost of Funds | 87,154 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 131,902 |
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