MilWay Federal Credit Union

Overview / Commentary
2000 Arkansas Blvd
Texarkana, AR 71854

MilWay Federal Credit Union is headquartered in Texarkana and is the 4th largest credit union in the state of Arkansas. It is also the 1,379th largest credit union in the nation. It was established in 1956 and as of September of 2023, it had grown to 34 employees and 12,726 members at 3 locations. MilWay Federal Credit Union's CD rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in MilWay Federal Credit Union is open to anyone who lives, works, or worships in the Arkansas counties of Little River, Miller, or Bowie County, Texas. Employees of Cooper Tire and Rubber Company, Domtar, City of Texarkana Arkansas, Alumax/Alcoa, Ericcsson Cables/Texarkana Wire and Cable, City of Ashdown Arkansas, Brock Enterprise/Service Paint, County of Little River, Holiday Dry Cleaning & Laundry, Abernathy Company, Ledwell & Son Enterprises, Little River Memorial Hospital and Rehab, Parks Metal Fabricators, Pinecrest Retirement Lodge, The Woodlands, Inc Amberwood & Brookwood, Southwest Arkansas Electric, Humco, Gradon Chemicals, Single 5 Farms, City of Wake Village, Walker Residential Services, SW AR Telephone Co-op, or Walsh Distribution are also eligible for membership.
See current membership details


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Health Grade Components

NCUA #24197
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.32%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$168.9MM$174.1MM
LoansQ3 2023vs Q3 2022$92MM$98MM
DepositsQ3 2023vs Q3 2022$150MM$156.4MM
Equity CapitalQ3 2023vs Q3 2022$17.1MM$16.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$96K$66K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$360K$45K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

MilWay Federal Credit Union Savings Account Rates

1.00%*$5k*-Mil-Way FCU Special Savings Accounts
OTHER TIERS: 0.05% $200 - $1k | 0.10% $1k - $5k
1.00%*$5k*-Mil-Way FCU IRA Accounts
OTHER TIERS: 0.05% $200 - $1k | 0.10% $1k - $5k
0.10%*$1k*-Mil-Way FCU Regular Savings Accounts
OTHER TIERS: 0.05% $200 - $1k

MilWay Federal Credit Union Checking Account Rates

0.05%$500-Share Draft

MilWay Federal Credit Union CD Rates

5.00%$2.5k-6 Month CD
4.75%$2.5k-12 Month CD
4.55%$2.5k-24 Month CD
4.35%$2.5k-18 Month CD

MilWay Federal Credit Union IRA Rates

5.00%$2.5k-6 Month IRA
4.75%$2.5k-12 Month IRA
4.55%$2.5k-24 Month IRA
4.35%$2.5k-18 Month IRA

MilWay Federal 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

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