Texarkana, AR 71854

Notable Rates APY Vs.Others
Savings N.A. 2.20% →
1-Year CD 1.75% 2.20% →
2-Year CD 2.00% 2.20% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Credit Union Information

Mil-way is an NCUA insured institution located in Texarkana, AR. It was founded in 1956 and has approximately $122.54 millions in assets.

NCUA Insured Yes
Charter Number # # 24197
Date Established 1956
Assets $122.54 million
Loans $75.84 million
Deposits $107.86 million
Capital $13.72 million

Field of Membership Restrictions

Membership in Mil-Way Federal Credit Union is open to those who live, work or worship in Bowie, Little River or Miller County.

Deposit Rates - February 18, 2020

Your Current Location: Connecticut, CT 06828

CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
1.50% $2,500 - Learn MoreShow Less
12 Mo CD
1.75% $2,500 - Learn MoreShow Less
18 Mo CD
1.85% $2,500 - Learn MoreShow Less
24 Mo CD
2.00% $2,500 - Learn MoreShow Less

Loan Rates - February 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MIL-WAY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.375% 3.375% 0.00 ($122) $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to MIL-WAY
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Below are Mil-way branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Mil-way Locations

Financial Details

Mil-way Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mil-way. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Mil-way U.S. Average
3.64% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Mil-way had $498,529 in non-current loans and $2,800 in owned assets. To cover these potential losses it had $13,715,972 in net worth and $61,392 in loans loss reserves. That gives it a Texas Ratio of 3.64%.

Net Worth
Mil-way U.S. Average
11.19% 13.65%

Mil-way FCU has a net worth of 11.19% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Mil-way

Branches and Savings

What is Mil-way?

A federal credit union, registered with the NCUA under certificate #24197.
Learn more about credit unions here.

Is Mil-way FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Mil-way?

Please see Field of Membership information above for information on who is eligible to join.

What are Mil-way's share account and share certificate rates?

Mil-way's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Mil-way?

Mil-way has total capital of $13.72 million. Full information on Mil-way's financial position is located above.

Who owns Mil-way?

Credit Unions are owned by their members.

Where are Mil-way branches located?

See branch locations nearby.

Are Mil-way ATMs Open 24/7?

Do Mil-way ATMs accept cash deposits?

Can Mil-way customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Mil-way have a mobile app?

Does Mil-way have mobile deposit?

Does Mil-way have quick pay?

How can Mil-way transfer money to other banks or credit unions?

Does Mil-way report to credit bureaus?

Does Mil-way use Chexsystems?

Does Mil-way use Equifax?

What is Mil-way's toll free phone number?

What is Mil-way's ACH Routing Number?

What is Mil-way's SWIFT code?

Where can I find Mil-way's wire transfer form?

What is the Mil-way address for deposits?

What Products Does Mil-way Offer

Does Mil-way offer mortgages?

Compare mortgage rates here.

Does Mil-way offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mil-way offer auto and RV loans?

Compare auto loan rates here.

Does Mil-way offer student loans or personal loans?

Compare personal loan rates here.

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