Mil-way Federal Credit Union

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A short history of Mil-way FCU

Since its inception in 1956 the Mil-way Federal Credit Union has been serving its members in the TEXARKANA, Arkansas area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Allen Brown, the Mil-way FCU has grown its membership to over 11,917 with assets of more than $122,553,587. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (870) 772-0661 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in TEXARKANA, AR.

General Information For Mil-way FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24197
Address 2000 ARKANSAS BLVD 
State Arkansas 
Zip-Code 71854
Phone Number (870) 772-0661
Fax Number (870) 773-0126
Email Address:
CEO/President Allen Brown
Members 11,917 
Full-Time Employees 35 
Part-Time Employees
Number of Branch Offices
Total Assets 122,553,587 

Compare Mil-way Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Federal Employees CU Federal Employees 501 North State Line Av 75504 (903) 792-5433 No 9.57
Swemp CU SWEMP FEDERAL CU 601 OLIVE ST 75501 (903) 793-2274 No 9.64
Texarkana Terminal Employees CU TEXARKANA TERMINAL EMPLOYEE FCU 3801 TEXAS BLVD 75503 (903) 794-8216 No 9.82
Morris Sheppard Texarkana CU MORRIS SHEPPARD TEXARKANA FCU 419 W 4TH ST 75501 (903) 798-3918 No 9.83
Red River Employees CU Summerhill Office 4405 Summerhill Rd 75505 (903) 793-7681 No 10.53

Mil-way Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Mil-way Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 7.75 2.69 2.69 4.25 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 78 107 65 174 132
Rank Among All Arkansas Credit Unions 5 5 2 3 2

Mil-way Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.25 1.40 0.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 105 102 266
Rank Among All Arkansas Credit Unions 7 18 7 1 16
Mil-way Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.750212490,054
All Other Unsecured Loans/Lines of Credit 11.0501,5212,518,679
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.69052111,690,205
Used Vehicle Loans 2.6902,60734,206,499
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.25016210,877,534
Total Other Real Estate Loans/Lines of Credit 4.25032900,065
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.5501,40415,380,081
TOTAL LOANS & LEASES 6,45976,063,117

Mil-way Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 514,941,1804606,240
    b. 15 Years or less 1115,936,3545345,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 32900,065377,480
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 19411,777,599121,028,720


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Mil-way Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes