Sep, 30, 2025 — MIL-WAY FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, AR with 4 branch locations and about $185.50 million in total assets. Opened 70 years ago in 1956, MIL-WAY FEDERAL CREDIT UNION has about 12,846 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MIL-WAY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 Arkansas Blvd TEXARKANA, AR 71854-1616 |
| Phone: | (870) 772-0661 |
| Fax: | (870) 773-0126 |
| Website: | https://www.milway.org |
| Branches: | 4 branch locations |
| Members: | 12,846 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24197 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $185,497,925 |
| CEO/Manager: | Allen L Brown |
| Chairperson: | Ricky L Norton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,873,578 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,025,379 |
| Unsecured Loans | 3,176,937 |
| Other Loans | 67,437,293 |
| TOTAL LOANS | 90,287,129 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,429 |
| Land And Building | 2,246,854 |
| Other Fixed Assets | 636,177 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,483,920 |
| All Other Assets | 29,000 |
| TOTAL ASSETS | 185,497,925 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 114,090 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,280,019 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,233,740 |
| Regular shares | 33,925,403 |
| All Other Shares & Deposits | 111,327,992 |
| TOTAL SHARES & DEPOSITS | 165,487,135 |
| TOTAL LIABILITIES | 166,881,244 |
| Regular Reserve | 0 |
| Other Reserves | 308,003 |
| Undivided Earnings | 18,308,678 |
| TOTAL EQUITY | 18,616,681 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 185,497,925 |
| INCOME & EXPENSE | |
| Loan Income | 4,201,504 |
| Investment Income | 2,047,941 |
| Other Income | 333,845 |
| Total Employee Compensation & Benefits | 2,386,287 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,134,383 |
| Non-operating Income & (Expense) | -9,222 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,178 |
| Cost of Funds | 2,455,737 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 625,026 |
| ↑ Back to Top | |