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Overview / Commentary
2000 Arkansas Blvd
Texarkana, AR 71854

Mil-Way Credit Union is headquartered in Texarkana and is the 4th largest credit union in the state of Arkansas. It is also the 1,449th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 31 employees and 10,666 members. Mil-Way Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work or worship in Bowie, Little River or Miller County. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Mil-Way Credit Union had $72,000 in non-current loans and owned real-estate with $10.68 million in equity and loan loss allowances on hand to cover it. This gives Mil-Way Credit Union a Texas Ratio of 0.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Mil-Way Credit Union decreased dramatically from 1.16% as of December 31, 2012 to 0.67% as of December 31, 2013, resulting in a positive change of 42.08%.This indicates that the balance sheet and financial strength for Mil-Way Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Mil-Way Credit Union has decreased its total deposits by -$2.3 million, resulting in -2.41% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Mil-Way Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Mil-Way Credit Union has $104.39 million in assets with $10.68 million in equity, resulting in a capitalization level of 10.23%, which is above average.

Institution Statistics

NCUA #24197
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$104.39 million
Loans$55.47 million
Deposits$93.19 million
Equity Capital$10.59 million
Loan Loss Allowance$91,000
Unbacked Noncurrent Loans$72,000
Real Estate Owned$0
Historic Data - December 2012
Assets$106.47 million
Equity Capital$10.42 million
Loan Loss Allowance$58,000
Unbacked Noncurrent Loans$72,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.74%
Return on Assets0.16%
Return on Equity1.53%
Interest Income$3.25 million
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Mil-Way Credit Union Savings Account Rates

0.55%$5k-Mil-Way FCU Special Savings Accounts
0.55%$5k-Mil-Way FCU IRA Accounts
0.20%$1k-Mil-Way FCU Regular Savings Accounts

Mil-Way Credit Union Checking Account Rates

0.15%$500-Share Draft

Mil-Way Credit Union CD Rates

1.20%$2,500-24 Month CD
1.05%$2,500-18 Month CD
0.70%$2,500-12 Month CD
0.60%$2,500-6 Month CD

Mil-Way Credit Union Locations
Branch Office2000 Arkansas BlvdTexarkana, AR 71854-1616
Branch Office5001 W 7th StTexarkana, TX 75501-6269
Branch Office140 Highway 71 SAshdown, AR 71822-8650