Credit Unions Gain Assets, Lose Members

(To see the list of the largest credit unions in Northwest Arkansas, click here.) 

Arkansas Best Federal Credit Union in Fort Smith saw its assets climb 40.6 percent from $83.9 million in 2006 to $87.4 million at the end of 2007. The organization, which has 15,159 members, is the largest credit union by assets in the state’s six-county Northwest corridor.

Ranked No. 2, the University of Arkansas Federal Credit Union in Fayetteville checked in with $31.3 million in assets, down more than 4 percent.

For the Northwest Arkansas market, the 10 credit unions saw their collective assets gain about 1.3 percent from $167.9 million as of Dec. 31, 2006, to $170.1 million as of Dec. 31, 2007. Their combined membership was down about 1.4 percent from 41,036 to 40,423.