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MilWay Federal Credit Union


Overview / Commentary
www.mil-wayfcu.org
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 1,353rd largest credit union in the nation. It was established in 1956 and as of June of 2022, it had grown to 37 employees and 12,599 members at 3 locations. MilWay Federal Credit Union 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
A

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #24197
Year Chartered1956
Employees37
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD5.62%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$177.3MM$162.5MM
LoansQ2 2022vs Q2 2021$98.0MM$87.6MM
DepositsQ2 2022vs Q2 2021$160.1MM$146.5MM
Equity CapitalQ2 2022vs Q2 2021$15.9MM$15.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$73.00K$70.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$39.00K$15.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for MilWay Federal Credit Union are currently being reviewed.

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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