Arkansas Federal Credit Union expands into Northeast Arkansas

by Talk Business & Politics staff ([email protected]) 283 views 

Arkansas Federal Credit Union intends to expand into Northeast Arkansas. The financial institution has bought a building on East Johnson Avenue in Jonesboro. This marks the credit union’s first location in NEA and 22nd overall in Arkansas.

“Expansion into Jonesboro has been a strategic initiative for some time,” said Rodney Showmar, president and chief executive officer of Arkansas Federal. “We already have a sizeable membership base in Northeast Arkansas, and the addition of this location allows us better to serve our members in Jonesboro and surrounding areas and expand upon a broader commitment to open new branches across the state.”

The new full-service branch will offer consumer and commercial accounts, loans, mortgages, treasury management services, as well as insurance and investment services. The branch will be staffed by a team of four and will feature three drive-thru lanes and one 24-hour ATM.

“This new location marks another milestone in our credit union’s history. We continue to invest in our promise to provide easier access to our products and services and look forward to continuing to partner with local residents and businesses in the greater Jonesboro area to help them achieve their financial goals and further our mission to make a difference in the communities we serve,” Showmar added.

Arkansas Federal Credit Union currently operates 21 branches throughout central Arkansas, the River Valley, and Northwest Arkansas.

Construction is expected to be completed by the end of 2024.