Dec, 31, 2023 — NORTHWEST ARKANSAS FEDERAL CREDIT UNION is a federal credit union headquartered in FAYETTEVILLE, AR with 1 branch location and about $16.08 million in total assets. Opened 89 years ago in 1935, NORTHWEST ARKANSAS FEDERAL CREDIT UNION has about 2,275 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHWEST ARKANSAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1460 N Woolsey Ave FAYETTEVILLE, AR 72703-1867 |
| Phone: | (479) 443-4401 |
| Fax: | (479) 582-0834 |
| Website: | https://www.nwarkansasfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,275 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 195 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,079,151 |
| CEO/Manager: | Becky E Whitted |
| Chairperson: | Kim Sullivan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,272,395 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 196,927 |
| Unsecured Loans | 526,250 |
| Other Loans | 13,903,347 |
| TOTAL LOANS | 14,626,524 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,146 |
| Land And Building | 95,037 |
| Other Fixed Assets | 7,188 |
| NCUSIF Deposit | 142,882 |
| All Other Assets | 27,000 |
| TOTAL ASSETS | 16,079,151 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 44,824 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,293,037 |
| Regular shares | 7,685,519 |
| All Other Shares & Deposits | 3,576,215 |
| TOTAL SHARES & DEPOSITS | 14,554,770 |
| TOTAL LIABILITIES | 14,599,594 |
| Regular Reserve | 0 |
| Other Reserves | 298,118 |
| Undivided Earnings | 1,181,439 |
| TOTAL EQUITY | 1,479,557 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,079,151 |
| INCOME & EXPENSE | |
| Loan Income | 722,806 |
| Investment Income | 30,505 |
| Other Income | 163,090 |
| Total Employee Compensation & Benefits | 308,613 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 341,647 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,672 |
| Cost of Funds | 87,154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 131,902 |
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