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ARKANSAS BEST FEDERAL CREDIT UNION

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.


ABA Routing Number: 282974831
Name:ARKANSAS BEST FEDERAL CREDIT UNION
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
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

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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