Dec, 31, 2023 — UP ARKANSAS FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH LITTLE ROCK, AR with 2 branch locations and about $30.04 million in total assets. Opened 53 years ago in 1971, UP ARKANSAS FEDERAL CREDIT UNION has about 2,984 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UP ARKANSAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1101 Vine St NORTH LITTLE ROCK, AR 72114-4333 |
| Phone: | (501) 373-2190 |
| Fax: | (501) 374-8365 |
| Website: | https://www.upfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,984 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24422 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,037,063 |
| CEO/Manager: | Karyn Davis |
| Chairperson: | John P Bailey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,479,482 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,176,949 |
| Unsecured Loans | 1,276,397 |
| Other Loans | 12,532,620 |
| TOTAL LOANS | 15,985,966 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,420 |
| Land And Building | 119,903 |
| Other Fixed Assets | 48,965 |
| NCUSIF Deposit | 237,605 |
| All Other Assets | 20,000 |
| TOTAL ASSETS | 30,037,063 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,018 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,204,400 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,533,685 |
| Regular shares | 10,707,450 |
| All Other Shares & Deposits | 10,105,755 |
| TOTAL SHARES & DEPOSITS | 23,346,890 |
| TOTAL LIABILITIES | 24,564,308 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,472,755 |
| TOTAL EQUITY | 5,472,755 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,037,063 |
| INCOME & EXPENSE | |
| Loan Income | 853,621 |
| Investment Income | 303,993 |
| Other Income | 226,296 |
| Total Employee Compensation & Benefits | 514,138 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 545,603 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,758 |
| Cost of Funds | 265,891 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 569,398 |
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