Dec, 31, 2022 — ARKANSAS FARM BUREAU FEDERAL CREDIT UNION is a federal credit union headquartered in LITTLE ROCK, AR with 1 branch location and about $9.53 million in total assets. Opened 65 years ago in 1958, ARKANSAS FARM BUREAU FEDERAL CREDIT UNION has about 574 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARKANSAS FARM BUREAU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10720 Kanis Rd LITTLE ROCK, AR 72211-3825 |
| Phone: | (501) 228-1504 |
| Fax: | |
| Website: | https://www.afbfcu.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 574 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24439 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,525,070 |
| CEO/Manager: | Rita Tramel |
| Chairperson: | Michael Solomon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,100,256 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 152,693 |
| Other Loans | 3,093,065 |
| TOTAL LOANS | 3,245,758 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,009 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 81,359 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,525,070 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,555 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,750 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,688,418 |
| All Other Shares & Deposits | 2,908,812 |
| TOTAL SHARES & DEPOSITS | 7,597,230 |
| TOTAL LIABILITIES | 7,612,535 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,912,535 |
| TOTAL EQUITY | 1,912,535 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,525,070 |
| INCOME & EXPENSE | |
| Loan Income | 75,296 |
| Investment Income | 16,521 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 40,500 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,113 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,883 |
| Cost of Funds | 19,433 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,792 |
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