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News Now

CU System
In the media Arkansas CUs grow
LITTLE ROCK, Ark. (8/8/12)--After years of consolidation, the number of credit unions in Arkansas has solidified at 62 during the past year, according to a local publication.

To the best of her knowledge, all those credit unions are doing well, and no mergers are imminent, said Reta Kahley, president of the Arkansas Credit Union League (Arkansas business.com Aug. 6).

Telcoe FCU, Little Rock, the second-biggest credit union in the state, has seen the strongest  growth, adding $25.1 million in assets in 2011, and $13 million in the first six months of  2012. It is the second Arkansas credit union to pass the $300 million-asset plateau, said the publication.

The state's largest credit union--Arkansas FCU of Jacksonville--has $837.7 million in assets at the end of 2011--up $16.5 million, or 2%, from the end of 2010. In the first half of 2012, the credit union has added $30.5 million is assets, it told the publication.

The article also mentioned strong growth at Milway FCU, Texarkana; Arkansas Best FCU, Fort Smith; and Arkansas Superior FCU, Warren.


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