MilWay Federal Credit Union


Overview / Commentary
870-772-0661
2000 Arkansas Blvd
Texarkana, AR 71854-1616

MilWay Federal Credit Union is headquartered in Texarkana and is the 4th largest credit union in the state of Arkansas. It is also the 1,380th largest credit union in the nation. It was established in 1956 and as of December of 2021, it had grown to 36 employees and 12,532 members at 3 locations. MilWay Federal Credit Union's CD rates are 33% higher than the national average, and it has an A 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

Health Grade Components

Overall
NCUA #24197
Year Chartered1956
Employees36
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD4.94%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$168.9MM$149.6MM
LoansQ4 2021vs Q4 2020$91.9MM$86.3MM
DepositsQ4 2021vs Q4 2020$152.3MM$133.9MM
Equity CapitalQ4 2021vs Q4 2020$15.5MM$14.7MM
Loan Loss AllowanceQ4 2021vs Q4 2020$57.00K$80.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$9.00K$43.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not MilWay Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$5k*-Mil-Way FCU Special Savings Accounts
OTHER TIERS: 0.05% $200 - $1k | 0.10% $1k - $5k
0.35%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Share Draft

MilWay Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$2.5k-18 Month CD
1.50%$2.5k-24 Month CD
1.20%$2.5k-12 Month CD
0.75%$2.5k-6 Month CD

MilWay Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$2.5k-18 Month IRA
1.50%$2.5k-24 Month IRA
1.20%$2.5k-12 Month IRA
0.75%$2.5k-6 Month IRA
Locations


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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