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Don’t let your account go dormant! It’s easy to activate your account – just perform a deposit or withdrawal.
A UARK account is considered “dormant” if there is no activity (deposit or withdrawal) for 12 months or longer.
While every state is different with regards to an account being deemed reportable. The State of Arkansas mandates that if an account meets the state's dormant account criteria, it must be reported as unclaimed funds or escheated. Please visit the State of Arkansas Unclaimed Property website for more details on dormant and escheat account information. The Division of Unclaimed Funds requires all banks, credit unions, insurance companies, and other financial institutions, to send all funds in accounts deemed dormant to them.
UARK FCU is beginning the annual review process of inactive and dormant accounts. Members with dormant or abandoned accounts will receive notification letters with instructions on how to re-establish their accounts to active status.
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