Overview / Commentary
MilWay Federal Credit Union is headquartered in Texarkana and is the 4th largest credit union in the state of Arkansas. It is also the 1,441st largest credit union in the nation. It was established in 1956 and as of June of 2020, it had grown to 35 employees and 12,187 members at 4 locations. MilWay Federal Credit Union's CD rates are 11% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in MilWay Federal Credit Union is open to anyone who lives, works, or worships in Miller,, Little River, or Bowie County.
See current membership details
Health
A+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24197 |
| Year Chartered | 1956 |
| Employees | 35 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 2.75% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $137.5MM$122.5MM |
| Loans | Q2 2020vs Q2 2019 | $81.6MM$75.8MM |
| Deposits | Q2 2020vs Q2 2019 | $122.5MM$107.9MM |
| Equity Capital | Q2 2020vs Q2 2019 | $14.2MM$13.7MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $38.00K$61.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $54.00K$89.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |