Northwest Arkansas Federal Credit Union

Helping You Forge Your Financial Independence

Online Banking Access

Log into your online banking account today!

News

Check out our latest news post or newsletter!

It's Me 247

Learn about your new online banking system, It’s Me 247, coming in November!

Share Accounts

We offer a variety of savings options to fit your lifestyle.

Loans

Let us help you with your borrowing needs today.

Membership

Once a member, always a member.  It’s just that simple.

The Northwest Arkansas Promise

Northwest Arkansas Federal Credit Union is a member owned and operated cooperative.  We provide personalized services to assist our members in meeting their financial goals.   We are dedicated to maintaining an informed membership and providing service in an efficient, convenient and friendly manner. 

News

We’re upgrading our core software and online banking services!

The Credit Union Difference

Credit unions are not-for-profit financial cooperatives, whose earnings are paid back to members in the form of higher savings rates and lower loan rates. Banks are for-profit corporations, with declared earnings paid to stockholders only.

1. Not-for-profit
Credit unions are not-for-profit financial cooperatives. We exist to serve our members, not to make a profit. Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to our members in the form of lower loan rates, higher interest on deposits, and lower fees.
2. Taxation
Credit unions do pay taxes – payroll taxes, sales taxes, and property taxes. Congress exempts credit unions from federal income taxes. The exemption was established in 1937, affirmed by statute in 1951, and re-affirmed in 1998 in H.R. 1151, the Credit Union Membership Access Act, which states:

“Credit unions, unlike many other participants in the financial services market, are exempt from Federal and most State taxes because credit unions are member-owned, democratically operated, not-for- profit organizations generally managed by volunteer boards of directors and because they have the specified mission of meeting the credit and savings needs of consumers, especially persons of modest means.”

3. Ownership
Credit unions are economic democracy. Each credit union member has equal ownership and one vote — regardless of how much money a member has on deposit. At a credit union, every customer is both a member and an owner.
4. Volunteer Boards
Each credit union is governed by a board of directors, elected by and from the credit union’s membership. Board members serve voluntarily.
5. Membership Eligibility
By current federal statute, credit unions cannot serve the general public. People qualify for a credit union membership through their employer, organizational affiliations like churches or social groups, or a community-chartered credit union.
6. Financial Education for Members
Credit unions assist members to become better- educated consumers of financial services. Additionally, CUNA is partnering with the National Endowment for Financial Education, a not-for-profit foundation, to expand financial education among high school students. A national study shows that just ten hours of personal finance education can positively affect students’ spending and savings habits for a lifetime.
7. People Helping People
Credit unions exist to help people, not make a profit. Our goal is to serve all of our members well, including those of modest means – every member counts. Our members are fiercely loyal for this reason. They know their credit union will be there for them in bad times, as well as good. The same people-first philosophy causes credit unions and our employees to get involved in community charitable activities and worthwhile causes – just ask us.

Northwest Arkansas Federal Credit Union

Let's Get Started

Contact Info

1460 N. Woolsey Ave.
Fayetteville, AR 72703

Hours

Lobby

Monday – Friday
9AM – 4:30PM

Drive-Thru

Monday – Wednesday
8AM – 5PM

Thursday -Friday
8AM – 6PM

Phone

479-443-4401

Email

info@nwarkansasfcu.com