Diamond Lakes Credit Union115 E Grand Ave, Hot Springs, AR

Hot Springs, AR
(501) 332-6530
NCUA Insured

About Diamond Lakes

This branch of Diamond Lakes is located at 115 E Grand Ave in Hot Springs, Arkansas, and can be reached at (501) 332-6530. Diamond Lakes is a federally insured financial cooperative serving the Hot Springs, Arkansas community. Established to provide a secure alternative to big banks, they focus on member service rather than profits. If you are comparing options, you can also browse other credit unions in Hot Springs or review your personal loan options.

Not-for-Profit

Profits are returned to members via better rates & lower fees.

Community Focus

Local decision making and support for the Hot Springs area.

Key Member Benefits

  • Payday Alternative Loans (PALs)

    Borrow small amounts at fair, regulated rates to manage short-term cash needs without getting trapped in debt.

  • Credit Builder Program

    Specialized loans designed to help you establish or rebuild your credit score safely and affordably.

  • Financial Counseling

    Expert guidance on budgeting, debt reduction, and wealth building to help you achieve financial stability.

  • First-Time Homebuyer Program

    Special mortgage programs with lower down payments or rate assistance to help you buy your first home.

  • Low-Cost Wire Transfers

    Affordable wire transfer services, making it easier to send money domestically or internationally.

  • Free Checking

    No-cost share draft accounts (checking) with no monthly maintenance fees.

Location & Branch Hours

Visit Branch

115 E Grand Ave

Hot Springs, AR 71901

Lobby Hours
Closed

The credit union lobby is currently closed.

Today: 8am-4:15pm

SundayClosed
Monday8:00 AM - 4:15 PM
Tuesday8:00 AM - 4:15 PM
Wednesday9:00 AM - 4:15 PM
Thursday8:00 AM - 4:15 PM
Friday8:00 AM - 5:00 PM
SaturdayClosed
Drive-Thru Hours
ATM Hours

24/7

Need Funds Before You Join?

How to Join

Membership at Diamond Lakes is typically open to individuals who live, work, worship, or attend school in Hot Springs and surrounding areas.

Standard Requirements:

  • Valid Government ID (Driver's License, Passport)
  • Social Security Number (SSN)
  • Proof of Address (Utility bill, Lease)
  • Small opening deposit (Usually $5 - $25)

We recommend contacting the branch at (501) 332-6530 to confirm your eligibility before visiting.

Membership and underwriting can take time. If you need funds while your application is in progress, you can explore installment loans or, if your credit history is still developing, review loan options for bad credit.

Services and Loan Types

Like most credit unions, Diamond Lakes typically offers the following services. If you want to weigh these against online options, you can compare debt consolidation loans or, for those rebuilding their score, look at loans for fair credit:

Loans & Credit

  • Personal Loans: Unsecured loans for debt consolidation or emergencies.
  • Auto Loans: Financing for new and used vehicles.
  • Home Loans: Mortgages and Home Equity (HELOC).
  • Credit Cards: Low-rate Visa/Mastercard options.

Banking & Savings

  • Checking Accounts: Often free with no minimum balance.
  • Savings Accounts: Share accounts with dividends.
  • CDs & IRAs: Long-term savings options.
  • Online Banking: Mobile app and remote deposit.

Verified Branch Services

Shared Service Center

Frequently Asked Questions

Is Diamond Lakes federally insured?

Yes, as a federally chartered or insured credit union, accounts are insured by the **NCUA (National Credit Union Administration)** up to $250,000. This offers the same level of protection as FDIC insurance at traditional banks.

Who can join this credit union?

Field of membership typically includes residents of Hot Springs, employees of specific local companies, or family members of existing members. Contact the branch directly for the most current eligibility list.

Other Diamond Lakes Locations

2 additional branches in 1 state

ArkansasCurrent State

2 locations
Diamond Lakes Credit Union in Hot Springs, ARClosed

4032 Central Ave

3.4 mi away(501) 332-6530
Diamond Lakes Credit Union in Malvern, ARMain OfficeClosed

7333 Highway 270

14 mi away(501) 332-6530

Credit Unions Near Me in Other Arkansas Cities

Looking for credit unions near me in other Arkansas cities? Browse credit unions in nearby locations:

View all credit unions in Arkansas

If Diamond Lakes Credit Union isn't the right fit

To borrow from Diamond Lakes Credit Union you generally need to qualify for membership and meet its lending criteria, and not every applicant is approved. If you don't qualify, need to compare rates, or want to review more options, you can connect with online lenders serving Arkansas. Applying is quick, and funds may be available as soon as the next business day after approval.

Fast Fair Loans is not a lender, does not make credit decisions, and cannot guarantee loan approval or amount. Loans are not available in all states.