Outside Credit Unions Expand in Arkansas
Arkansas Business – Whirlpool Corp. abandoned Arkansas in 2012, but the Michigan credit union that originally served its employees is still here and growing.
United Federal Credit Union of St. Joseph, Michigan, opened its fifth Arkansas branch at 630 Hwy. 71 N. in Alma on April 23, barely a month after opening its fourth inside the new Walmart Supercenter at 4870 Elm Spring Road in Springdale. United completed a major renovation of its original Arkansas branch, at 8900 Jenny Lind in Fort Smith, in April as well.
United is one of 11 credit unions chartered outside Arkansas that operate branches inside the state. (See table below and graph above.) Most are still associated with specific employers — think FedEx Employees Credit Association in Harrison, Eaton Family Credit Union in Searcy and L’Oreal USA Federal Credit Union in North Little Rock — but some are expanding their membership and their branch networks.