Dec, 31, 2020 — ARKANSAS BEST FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $139.62 million in total assets. Opened 61 years ago in 1960, ARKANSAS BEST FEDERAL CREDIT UNION has about 13,845 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 |
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Address: (Main Office) | PO BOX 17020 FORT SMITH, AR 72917 |
Phone: | (479) 649-2060 |
Fax: | (479) 649-2070 |
Website: | http://www.abfcu.org |
Branches: | 1 branch locations |
Members: | 13,845 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13737 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Oct 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $139,623,872 |
CEO/Manager: | NORMA J MEARES |
Chairperson: | MARK SHAVER |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,489,239 |
TOTAL INVESTMENTS | 59,064,292 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 20,179,553 |
Other Loans | 55,628,083 |
TOTAL LOANS | 75,807,636 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,169,244 |
Land And Building | 278,466 |
Other Fixed Assets | 258,149 |
NCUSIF Deposit | 1,160,226 |
All Other Assets | 735,108 |
TOTAL ASSETS | 139,623,872 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 242,497 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,163,140 |
Regular shares | 50,279,222 |
All Other Shares & Deposits | 54,871,785 |
TOTAL SHARES & DEPOSITS | 119,314,147 |
TOTAL LIABILITIES | 119,556,644 |
Regular Reserve | 3,905,918 |
Other Reserves | 101,053 |
Undivided Earnings | 16,060,257 |
TOTAL EQUITY | 20,067,228 |
TOTAL LIABILITIES, SHARES, & EQUITY | 139,623,872 |
INCOME & EXPENSE | |
Loan Income | 4,133,392 |
Investment Income | 927,102 |
Other Income | 1,148,065 |
Total Employee Compensation & Benefits | 1,932,299 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,969,564 |
Non-operating Income & (Expense) | 30 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 679,150 |
Cost of Funds | 674,131 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 953,445 |
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