River Town Federal Credit Union was formed in 1958 as a state chartered credit union by a group of Sparks Hospital employees as was formerly known as Sparks Federal Credit Union. It was state chartered by a group of Sparks Hospital employees wanting the benefit of savings and loan products.
In 1986, the credit union was granted a federal charter allowing more growth by including other employer groups. In 2004, the Board of Directors amended the bylaws to change the name from Sparks Federal Credit Union to River Town Federal Credit Union. The name – River Town Federal Credit Union – was selected because it best reflects the surrounding area and one of the city’s greatest resources – the Arkansas River. Since that time, River Town Federal Credit Union has added other employee groups who benefit from lower loan rates, fewer fees, and a voice in what happens at the credit union.
River Town Federal Credit Union has seven (7) members on the Board of Directors. Members meet once per month. They represent different employer groups within our membership and their terms are staggered, but are limited to three (3) years each.
Employees of current employer group members are eligible to join River Town Federal Credit Union. Also, your immediate family members are eligible for membership. Immediate family includes: spouse, children, siblings, parents, grandparents, grandchild, stepchildren, step-siblings, adoptive relationships, and persons living in the same household. “Household” is defined as persons living in the same residence maintaining a single economic unit. An individual may be considered to be living in the same household although he or she is temporarily absent from the residence, such as children in college or military.
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