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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 3rd largest credit union in the state of Arkansas. It is also the 1,363rd largest credit union in the nation. It was established in 1956 and as of September of 2022, it had grown to 37 employees and 12,644 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 Q3 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #24197
Year Chartered1956
Employees37
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD6.22%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$174.1MM$169.8MM
LoansQ3 2022vs Q3 2021$98.0MM$90.1MM
DepositsQ3 2022vs Q3 2021$156.4MM$153.7MM
Equity CapitalQ3 2022vs Q3 2021$16.2MM$15.3MM
Loan Loss AllowanceQ3 2022vs Q3 2021$66.00K$66.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$45.00K$4.00K
Real Estate OwnedQ3 2022vs Q3 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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