Dec, 31, 2022 — ARKANSAS EDUCATION ASSOCIATION FEDERAL CREDIT UNION is a federal credit union headquartered in LITTLE ROCK, AR with 1 branch location and about $8.40 million in total assets. Opened 45 years ago in 1978, ARKANSAS EDUCATION ASSOCIATION FEDERAL CREDIT UNION has about 2,039 members and employs 3 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 EDUCATION ASSOCIATION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1500 W 4th St LITTLE ROCK, AR 72201 |
| Phone: | (501) 375-3792 |
| Fax: | (501) 375-4216 |
| Website: | https://aeacu.org |
| Branches: | 1 branch locations |
| Members: | 2,039 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23170 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,403,292 |
| CEO/Manager: | Shadyene James-Pridgeon |
| Chairperson: | Nancy D Blount |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,367,364 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 584,191 |
| Other Loans | 3,408,707 |
| TOTAL LOANS | 3,992,898 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,540 |
| Land And Building | 0 |
| Other Fixed Assets | 8,011 |
| NCUSIF Deposit | 70,979 |
| All Other Assets | 125 |
| TOTAL ASSETS | 8,403,292 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,055 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,511 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,078,745 |
| Regular shares | 4,544,608 |
| All Other Shares & Deposits | 1,867,322 |
| TOTAL SHARES & DEPOSITS | 7,490,675 |
| TOTAL LIABILITIES | 7,514,241 |
| Regular Reserve | 0 |
| Other Reserves | 134,375 |
| Undivided Earnings | 754,676 |
| TOTAL EQUITY | 889,051 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,403,292 |
| INCOME & EXPENSE | |
| Loan Income | 153,990 |
| Investment Income | 17,714 |
| Other Income | 27,635 |
| Total Employee Compensation & Benefits | 100,661 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 117,759 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,943 |
| Cost of Funds | 16,791 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,950 |
| ↑ Back to Top | |