Dec, 31, 2022 — RHEEM ARKANSAS FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $4.45 million in total assets. Opened 52 years ago in 1971, RHEEM ARKANSAS FEDERAL CREDIT UNION has about 1,121 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: | https://www.rafcu.us |
| Branches: | 1 branch locations |
| Members: | 1,121 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,446,711 |
| CEO/Manager: | Mackenzie Jones |
| Chairperson: | Darin L Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 946,747 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 318,661 |
| Other Loans | 2,772,071 |
| TOTAL LOANS | 3,090,732 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,428 |
| Land And Building | 0 |
| Other Fixed Assets | 2,855 |
| NCUSIF Deposit | 40,768 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,446,711 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,052 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 430,740 |
| Regular shares | 2,353,275 |
| All Other Shares & Deposits | 1,154,236 |
| TOTAL SHARES & DEPOSITS | 3,938,251 |
| TOTAL LIABILITIES | 3,943,303 |
| Regular Reserve | 0 |
| Other Reserves | 87,032 |
| Undivided Earnings | 416,376 |
| TOTAL EQUITY | 503,408 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,446,711 |
| INCOME & EXPENSE | |
| Loan Income | 108,966 |
| Investment Income | 1,442 |
| Other Income | 34,124 |
| Total Employee Compensation & Benefits | 40,146 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 141,384 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,735 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -39,127 |
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