About Us

Patterson Federal Credit Union is a not-for-profit financial cooperative. When you join the credit union, you become a shareholder – or an owner – of a very unique financial institution. Earnings above the required reserves are returned to you, in the form of lower interest rates on loans and competitive dividends on savings.

As a full-service financial institution, the credit union:

  • Provides security for funds, with accounts insured up to at least $250,000, IRA's are insured up to $250,000 by the National Credit Union Administration, a U.S. government agency.
  • Provides dependable, friendly, personalized service.
  • Provides printed materials for the introduction and promotion of services.
  • Offers convenience.
  • Increases members' knowledge of financial options.
  • Extends membership privileges to family members.
  • Places members' interests first.

Who can join?

Patterson Federal Credit Union is here to serve anyone who lives, works, worships, or attends school in Clark County, Arkansas; and members of these persons' immediate families. (Immediate family is defined as: spouse, child, stepchild, sibling, parent, grandparent or grandchild)

To join the credit union, complete a membership card and make an opening deposit of at least $25 to your share/savings account. Once you join, you and your IMMEDIATE FAMILY members who join have a lifetime membership, even if you change jobs or move.

History

Patterson Federal Credit Union was chartered in 1957 to serve the employees of Reynolds Metal Company who worked in Gum Springs, Arkansas. The credit union was first operated out of Gum Springs Community Building from 1957 to 1965. In this time period, the credit union experienced considerable growth and decided to purchase land and a temporary office building in Gum Springs, located five miles south of Arkadelphia, with the intention of building a permanent building. In 1979, the credit union moved into its temporary office building in Gum Springs, which was conveniently located near the Clark County Industrial Park. On December 1st, 2009, the credit union moved into its new permanent building located on WP Malone Drive in Arkadelphia.

After a plant shutdown of Reynolds Metal Company in 1985, the Board of Directors voted to allow other employee groups into our field of membership. The credit union actively expanded its field of membership over the years and served up to 15 employee groups.

In August of 2007 NCUA approved Patterson FCU's application for a community charter. This allowed us to serve anyone who lives, works, worships, or attends school in Clark County, Arkansas.

Staff

Shawn Cowart

CEO

Amy Jackson

Member Services Officer

Kyla Batson

Member Services Officer

Michelle Brown

MSR Supervisor

Haley Nichols

Member Services Representative

Lauren Taylor

Member Services Representative

Nicole McGough

Vice President of Business Development