Dec, 31, 2022 — ARKANSAS KRAFT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MORRILTON, AR with 1 branch location and about $5.00 million in total assets. Opened 57 years ago in 1966, ARKANSAS KRAFT EMPLOYEES FEDERAL CREDIT UNION has about 543 members and employs 4 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 KRAFT EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 336 Highway 113 MORRILTON, AR 72110 |
| Phone: | (501) 354-8765 |
| Fax: | (501) 354-2877 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 543 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17849 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Oct 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,995,319 |
| CEO/Manager: | Cindy D Koch |
| Chairperson: | Corey Lingle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 283,659 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 306,859 |
| Other Loans | 1,948,946 |
| TOTAL LOANS | 2,255,805 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,130 |
| Land And Building | 0 |
| Other Fixed Assets | 4,554 |
| NCUSIF Deposit | 38,882 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,995,319 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,350 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,058 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,837,129 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,837,129 |
| TOTAL LIABILITIES | 3,845,537 |
| Regular Reserve | 0 |
| Other Reserves | 142,696 |
| Undivided Earnings | 1,007,086 |
| TOTAL EQUITY | 1,149,782 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,995,319 |
| INCOME & EXPENSE | |
| Loan Income | 88,034 |
| Investment Income | 9,064 |
| Other Income | 697 |
| Total Employee Compensation & Benefits | 58,948 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,565 |
| Non-operating Income & (Expense) | 1,061 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,128 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,618 |
| ↑ Back to Top | |