Dec, 31, 2022 — NORTHWEST ARKANSAS FEDERAL CREDIT UNION is a federal credit union headquartered in FAYETTEVILLE, AR with 1 branch location and about $16.06 million in total assets. Opened 88 years ago in 1935, NORTHWEST ARKANSAS FEDERAL CREDIT UNION has about 2,209 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: | 2,209 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,055,466 |
| CEO/Manager: | Becky E Whitted |
| Chairperson: | Kim Sullivan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,265,434 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 203,335 |
| Unsecured Loans | 453,109 |
| Other Loans | 12,470,084 |
| TOTAL LOANS | 13,126,528 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,481 |
| Land And Building | 105,799 |
| Other Fixed Assets | 14,565 |
| NCUSIF Deposit | 145,738 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,055,466 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 52,573 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,537,715 |
| Regular shares | 9,559,324 |
| All Other Shares & Deposits | 1,593,549 |
| TOTAL SHARES & DEPOSITS | 14,690,588 |
| TOTAL LIABILITIES | 14,743,161 |
| Regular Reserve | 0 |
| Other Reserves | 298,118 |
| Undivided Earnings | 1,014,187 |
| TOTAL EQUITY | 1,312,305 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,055,466 |
| INCOME & EXPENSE | |
| Loan Income | 409,709 |
| Investment Income | 17,587 |
| Other Income | 116,532 |
| Total Employee Compensation & Benefits | 219,296 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 219,056 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,777 |
| Cost of Funds | 12,584 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 126,943 |
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