In early 1939, the employees of the Democrat Printing & Lithograph established a federal chartered Credit Union as a non-profit organization to serve its members by promoting thrift and creating a source of credit at a reasonable rate of interest.
The Charter members of the Credit Union were Merlin Herrington, S.B. Pinckney, Roscoe Fitzgerald, A.H. Pais, Leroy J. Sparrow, Roy Roberts, Rue A. Wilson, C.S. Highley, F.M. Lucas, R.L. Dobbins.
In March of 2019 the Democrat P&L Federal Credit Union held a contest to seek a new name that better reflected its members base. Don McDaniel submitted the winning entry and then the name was submitted to NCUA. Once we received approval the Democrat P&L Federal Credit Union became the Little Rock Federal Credit Union. We are still the oldest central Arkansas chartered federal credit union and second oldest in the state behind Fort Smith Teachers Federal Credit Union who chartered in 1936.
Since that time, select new employer groups and hundreds of members have passed through the credit union doors and the Little Rock Federal Credit Union continues to thrive and grow.
The current Board and Management of the Little Rock Federal Credit Union are excited about the future of the credit union and will continue to add new and improved products and services to benefit our members.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154