Credit unions in Arkansas

Credit union: In the State of Arkansas, there are 55 credit unions that have over 100 open branch offices to serve their customers. In the state over 337, 000 residents are members of credit unions. That is a remarkable number! In Arkansas, there are as many or more residents who use credit unions as there are in states with significantly larger populations. As with all credit unions, there are membership criteria one must meet to join. A large portion of cooperatives in the state offer membership to employees of specific companies. Several others offer membership based on where you live/work/worship. As there are parts of Arkansas that are highly rural, these credit unions are keeping with the premise of why these cooperatives were designed. 

The largest credit union in the state is the Arkansas Federal Credit Union. With over 111,000 members, close to 1/3 of all credit union members in the state belong to this cooperative. 

Car insurance: Car insurance is a legal requirement in the state of Arkansas. Policyholders are required to have a minimum of $25,000 in property liability as well as $25,000 per person for bodily injury in an accident. Car insurance premiums in Arkansas can get pricey. The average premium in the state is 2.1% above the national average. 

The largest credit union in the state, Arkansas Federal Credit Union, offers auto insurance policies to its members. Other cooperatives in the state partner with other companies, like TruStage Auto Insurance, to find the best rates for their members. If you live in a state with higher than average rates, exploring the options at your credit union is an excellent idea! If you get great coverage and service at a better price, take advantage of it. One of the benefits of credit unions is the amazing perks they offer to their members. Utilize them when you can.