Dec, 31, 2022 — UARK FEDERAL CREDIT UNION is a federal credit union headquartered in FAYETTEVILLE, AR with 3 branch locations and about $81.27 million in total assets. Opened 58 years ago in 1965, UARK FEDERAL CREDIT UNION has about 8,549 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 50 W. Van Asche FAYETTEVILLE, AR 72703 |
| Phone: | (479) 521-1199 |
| Fax: | (479) 521-1193 |
| Website: | https://www.uarkfcu.com |
| Branches: | 3 branch locations |
| Members: | 8,549 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16946 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,273,790 |
| CEO/Manager: | Gina N Williams |
| Chairperson: | Andrea Foren |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,762,073 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,999,089 |
| Unsecured Loans | 2,369,513 |
| Other Loans | 38,721,201 |
| TOTAL LOANS | 54,089,803 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,818 |
| Land And Building | 4,918,326 |
| Other Fixed Assets | 256,233 |
| NCUSIF Deposit | 706,686 |
| All Other Assets | 0 |
| TOTAL ASSETS | 81,273,790 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 955,093 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,478,408 |
| Regular shares | 38,922,374 |
| All Other Shares & Deposits | 18,994,593 |
| TOTAL SHARES & DEPOSITS | 72,395,375 |
| TOTAL LIABILITIES | 73,350,468 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,923,322 |
| TOTAL EQUITY | 7,923,322 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,273,790 |
| INCOME & EXPENSE | |
| Loan Income | 1,581,903 |
| Investment Income | 171,713 |
| Other Income | 346,709 |
| Total Employee Compensation & Benefits | 1,124,844 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,098,992 |
| Non-operating Income & (Expense) | -2,047 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 107,462 |
| Cost of Funds | 43,698 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 320,123 |
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