LITTLE ROCK, Ark.–Arkansas Federal Credit Union is expanding into northeast Arkansas with plans to build a branch in Jonesboro, which is approximately 130 miles from its headquarters.
The new location will be the credit union's first location in the market and 22nd overall in Arkansas.
"Expansion into Jonesboro has been a strategic initiative for some time," President and CEO Rodney Showmar said in a statement. "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."
What Branch Will Offer
The $2.4-billion AFCU said 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.
Construction is expected to be completed by the end of 2024.
How to Sign Up For the Best Daily News Email in Credit Unions? (It’s Free!)
Every workday CUToday.info delivers the most comprehensive, freshest daily newsletter with the day’s news headlines, including links to the related articles. The Fresh Today newsletter is the most timely, relevant and widely-read source of news and information in the CU community. And it’s free!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties,
And did we mention it’s free?