Overview / Commentary
Diamond Lakes Federal Credit Union is headquartered in Malvern and is the 9th largest credit union in the state of Arkansas. It is also the 2,068th largest credit union in the nation. It was established in 1960 and as of June of 2020, it had grown to 27 employees and 10,152 members at 3 locations. Diamond Lakes Federal Credit Union has an A health rating.
Field of Membership Restrictions
Diamond Lakes Federal Credit Union is open to anyone who lives, works, worships or goes to school in Clark, Hot Spring, Garland, Grant, Pike or Montgomery County, or Hot Springs Village.
See current membership details
Health
A
Data as of Q2 2020
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 | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.34% |
| Return on Equity - YTD | 9.36% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $71.1MM$65.9MM |
| Loans | Q2 2020vs Q2 2019 | $40.4MM$47.6MM |
| Deposits | Q2 2020vs Q2 2019 | $62.3MM$56.0MM |
| Equity Capital | Q2 2020vs Q2 2019 | $9.9MM$9.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $314.00K$318.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $154.00K$321.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$35.00K |