Arkansas Federal Credit Union breaks ground on 2nd Rogers branch

Little Rock-based Arkansas Federal Credit Union (AFCU) broke ground on May 12 on a $6.5 million branch in Rogers.

The new building at 1003 S. 52nd St. will be 7,904 square feet and employ 10 people. It is the company’s first ground-up construction project in the region. AFCU’s existing Rogers branch is in leased space at 2000 W. Walnut St.

The company paid $2.2 million for the 2.2-acre site on South 52nd Street this past fall. Architecture firm Williams & Dean of Little Rock designed the new building, and construction will be handled by Hydco Construction of North Little Rock. Construction is scheduled to be completed in the fourth quarter of 2023.

“With this new location, we continue our investment in Northwest Arkansas and on our promise to provide easier access to our products and services and expand on a broader commitment to open new branches across the state,” AFCU President and CEO Rodney Showmar said. “We look forward to continuing to partner with local businesses and residents in the Rogers area to help them achieve their financial goals and further our mission to make a difference in the communities we serve.”

AFCU is the state’s largest credit union with more than $2 billion in total assets and more than 400 employees. AFCU has 20 branches throughout Arkansas, which serve more than 140,000 members.

The company recently hired Sultan Ali as a vice president of retail operations for the Northwest Arkansas market. That encompasses about 20 employees working in retail locations in Rogers, Van Buren and Fort Smith. AFCU also opened a loan production office in Bentonville this past October.

Ali has worked in various roles in the credit union business for nearly 20 years. He has an MBA from Quaid-i-Azam University in Pakistan.