Credit union · NCUA insured
Clearway Federal Credit Union
A $81M credit union headquartered in Malvern, AR, with 8,953 members and 3 branches in Arkansas. Best rates: CDs 4.15% and savings 0.05% APY.
Clearway Federal Credit Union Carrot Score
86
Carrot Score
Higher than 72% of U.S. banks and credit unions
#1 of 5 in Hot Springs, AR metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Clearway Federal Credit Union
Clearway Federal Credit Union was established in 1960 as Jones Mills Federal Credit Union to serve employees of the Reynolds Metals Reduction Plant.
The institution adopted the name Diamond Lakes Federal Credit Union in 1994 before undergoing a brand transformation in 2026 to become Clearway Credit Union.
Headquartered in Malvern, Arkansas, the CDFI-certified financial cooperative is owned by its saving and borrowing members.
- Headquarters
- 7333 Highway 270, Malvern, AR 72104-2078
- NCUA charter
- 13762
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to individuals who live, work, worship, attend school, or regularly do business in Garland, Hot Spring, Clark, Grant, Montgomery, or Pike Counties, or Hot Springs Village.
Branches
3 branches in Arkansas
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Arkansas
3 branches
Hot Springs area · 2
- Hot Springs Central Office4032 Central Ave, Hot Springs, AR 71913Directions
- Hot Springs Grand Office115 E Grand Ave, Hot Springs, AR 71901Directions
Malvern area · 1
- Malvern OfficeMain office7333 Highway 270, Malvern, AR 72104Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 22.53% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.52% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.99% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $90 | $59 | — |
- CapitalNet worth ratio22.53%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.52%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.99%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$90Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Clearway Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.