Arkansas Federal Credit Union on Thursday announced that it’s expanding to northeast Arkansas with the purchase of a location at 3313 East Johnson Ave. in Jonesboro.
“Expansion into Jonesboro has been a strategic initiative for some time,” Rodney Showmar, president and CEO of AFCU, 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.”
The new full-service branch will the credit union’s 22nd location in Arkansas. It 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-through lanes and one 24-hour ATM.
Construction is expected to be completed by the end of 2024.
“This new location marks another milestone in our credit union’s history,” Showmar said. “We continue to invest in our promise to provide easier access to our products and services and look forward to continuing to partner with local residents and businesses in the greater Jonesboro area to help them achieve their financial goals and further our mission to make a difference in the communities we serve.”
AFCU is the largest credit union and one of the largest financial institutions in Arkansas with more than $2.4 billion in total assets and more than 400 employees.
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