Dec, 31, 2023 — ARKANSAS EDUCATION ASSOCIATION FEDERAL CREDIT UNION is a federal credit union headquartered in LITTLE ROCK, AR with 1 branch location and about $8.06 million in total assets. Opened 46 years ago in 1978, ARKANSAS EDUCATION ASSOCIATION FEDERAL CREDIT UNION has about 1,947 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 |
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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: | 1,947 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23170 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,059,860 |
CEO/Manager: | Shadyene James-Pridgeon |
Chairperson: | Nancy D Blount |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,650,409 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 538,498 |
Other Loans | 3,872,688 |
TOTAL LOANS | 4,411,186 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,164 |
Land And Building | 0 |
Other Fixed Assets | 3,998 |
NCUSIF Deposit | 73,296 |
All Other Assets | 0 |
TOTAL ASSETS | 8,059,860 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,196 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 36,193 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,048,353 |
Regular shares | 4,188,699 |
All Other Shares & Deposits | 1,803,833 |
TOTAL SHARES & DEPOSITS | 7,040,885 |
TOTAL LIABILITIES | 7,082,274 |
Regular Reserve | 0 |
Other Reserves | 134,375 |
Undivided Earnings | 843,211 |
TOTAL EQUITY | 977,586 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,059,860 |
INCOME & EXPENSE | |
Loan Income | 261,778 |
Investment Income | 104,699 |
Other Income | 35,516 |
Total Employee Compensation & Benefits | 116,411 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 175,212 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,240 |
Cost of Funds | 31,199 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 81,399 |
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