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RHEEM ARKANSAS FEDERAL CREDIT UNION

Mar, 31, 2021 — RHEEM ARKANSAS FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $4.85 million in total assets. Opened 50 years ago in 1971, RHEEM ARKANSAS FEDERAL CREDIT UNION has about 1,090 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RHEEM ARKANSAS FEDERAL CREDIT UNION
Address:
(Main Office)
4301 REGIONS PARK DR STE 5A
FORT SMITH, AR 72916-9382
Phone:(479) 242-2771
Fax:(479) 242-2792
Website:http://www.rafcu.us
Branches:1 branch locations
Members:1,090
Credit Union Type:Federal Credit Union
Charter Number:24293
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1971
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,854,725
CEO/Manager:Ashleigh Bailey
Chairperson:Darin L Miller

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,279,130
TOTAL INVESTMENTS 548,940
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 346,534
 Other Loans 2,618,442
 TOTAL LOANS 2,964,976
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,036
 Land And Building 0
 Other Fixed Assets 8,022
 NCUSIF Deposit 35,683
 All Other Assets 33,010
  TOTAL ASSETS 4,854,725
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,355
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 533,460
 Regular shares 2,559,614
 All Other Shares & Deposits 1,184,173
  TOTAL SHARES & DEPOSITS 4,277,247
  TOTAL LIABILITIES 4,281,602
 Regular Reserve 87,032
 Other Reserves 0
 Undivided Earnings 486,091
  TOTAL EQUITY 573,123
  TOTAL LIABILITIES, SHARES, & EQUITY 4,854,725
INCOME & EXPENSE  
 Loan Income 36,648
 Investment Income 955
 Other Income 8,188
 Total Employee Compensation & Benefits 21,680
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 32,069
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,713
 Cost of Funds 1,979
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -13,882
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