Overview / Commentary
Diamond Lakes Federal Credit Union is headquartered in Malvern and is the 10th largest credit union in the state of Arkansas. It is also the 2,059th largest credit union in the nation. It was established in 1960 and as of December of 2024, it had grown to 28 employees and 9,143 members at 3 locations. Diamond Lakes Federal Credit Union's CD rates are 57% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Diamond Lakes Federal Credit Union is open to anyone who lives, works, worships, attends school, or regularly does business in the Arkansas counties of Clark, Hot Spring, Garland, Grant, Pike, or Montgomery, or the community of Hot Springs Village.
See current membership details
Health
B+
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Diamond Lakes Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13762 |
| Year Chartered | 1960 |
| Employees | 28 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.33% |
| Return on Equity - YTD | 6.05% |
| Annual Interest Income | $4.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $76.9MM$80.9MM |
| Loans | Q4 2024vs Q4 2023 | $52MM$47.6MM |
| Deposits | Q4 2024vs Q4 2023 | $60.7MM$65.2MM |
| Equity Capital | Q4 2024vs Q4 2023 | $16.8MM$15.6MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $413K$295K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $172K$286K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |