Press

Arkansas Federal Credit Union and Rheem Arkansas Federal Credit Union complete merger

LITTLE ROCK, AR (May 1, 2023) — Rodney Showmar, president and chief executive officer of Arkansas Federal Credit Union headquartered in Little Rock, Ark., announced the completion of the migration of accounts from Rheem Arkansas Federal Credit Union to Arkansas Federal Credit Union.

The merger process was approved by regulators and affirmed by a vote of Rheem Arkansas Federal Credit Union members on December 15, 2022.

“We are honored to welcome the Rheem employees and their families into the Arkansas Federal family,” said Rodney Showmar, president and chief executive officer. “We are proud to be able to make a difference for our new members by adding the convenience of 20 branch locations, insurance, retirement and investment services, digital banking, as well as a full suite of financial products and services that other Arkansas Federal members have come to expect from their credit union.”

Rheem Arkansas Federal Credit Union was established in 1970 to serve the employees and families of Rheem Manufacturing.


About Arkansas Federal Credit Union

Arkansas Federal Credit Union 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. Arkansas Federal has 21 branches throughout Arkansas, which serve more than 150,000 members. www.afcu.org. #OpenToAllArkansans

Contacts

Denise D. Goforth  CUCME, CSE
Assistant Vice President Marketing
Arkansas Federal Credit Union
501-533-2251
dgoforth@afcu.org

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