Mar, 31, 2022 — ARKANSAS BEST FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $146.95 million in total assets. Opened 62 years ago in 1960, ARKANSAS BEST FEDERAL CREDIT UNION has about 13,512 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.
| 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: | http://www.abfcu.org |
| Branches: | 1 branch locations |
| Members: | 13,512 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $146,951,222 |
| CEO/Manager: | NORMA J MEARES |
| Chairperson: | MARK SHAVER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,983,284 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 16,950,205 |
| Other Loans | 52,740,378 |
| TOTAL LOANS | 69,690,583 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -782,902 |
| Land And Building | 250,197 |
| Other Fixed Assets | 273,144 |
| NCUSIF Deposit | 1,239,350 |
| All Other Assets | 117,762 |
| TOTAL ASSETS | 146,951,222 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 239,671 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,172,113 |
| Regular shares | 58,012,009 |
| All Other Shares & Deposits | 51,796,967 |
| TOTAL SHARES & DEPOSITS | 125,981,089 |
| TOTAL LIABILITIES | 126,220,760 |
| Regular Reserve | 0 |
| Other Reserves | -239,576 |
| Undivided Earnings | 20,970,038 |
| TOTAL EQUITY | 20,730,462 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 146,951,222 |
| INCOME & EXPENSE | |
| Loan Income | 744,107 |
| Investment Income | 119,785 |
| Other Income | 211,123 |
| Total Employee Compensation & Benefits | 545,601 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 474,036 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 92,456 |
| Cost of Funds | 46,170 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -13,810 |
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