Arkansas Credit Unions laws & compensation compliance analysis

Arkansas Credit Unions: What you need to know

A credit union is a member-owned financial institution organized to encourage savings and to provide loans with competitively low interest rates to members. In Arkansas, as elsewhere, credit unions have evolved into sophisticated financial institutions offering members a variety of services.
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Arkansas law restricts membership in a credit union to persons sharing a common bond or association (AR Stat. Ann. Sec. 23-35-401 et seq.). There are detailed requirements for the formation of credit unions and because of the complexity of these laws, an organization seeking to set up a credit union needs expert assistance. It is often easier to join an existing credit union than to start a new one.

Read more about Credit Unions


Related Topics

More on this topic:


Arkansas Credit Unions Resources

Type Title
White Papers Credit Union Memberships Can Save Employees Money
See all Credit Unions Resources