The NWAFCU 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.
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.
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.“
4. Volunteer Boards
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. Our charter is for all of Washington County, so anyone who works, lives, worships, volunteers, or attends school in Washington County is eligible to join Northwest Arkansas Federal Credit Union.
6. Financial Education for Members
Credit unions assist their members to become better educated consumers of financial services. Additionally, Credit Union National Association 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. We here at NWAFCU are always happy to help educate our members!
7. People Helping People
Northwest Arkansas Federal Credit Union
Let's Get Started
1460 N. Woolsey Ave.
Fayetteville, AR 72703
Monday – Friday
9AM – 4:30PM
Monday – Wednesday
8AM – 5PM
8AM – 6PM
Audio Response: 833-206-9032