Dec, 31, 2023 — AUGUSTA COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in VERONA, VA with 1 branch location and about $25.38 million in total assets. Opened 67 years ago in 1957, AUGUSTA COUNTY FEDERAL CREDIT UNION has about 2,488 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AUGUSTA COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 18 GOVERNMENT CENTER LN VERONA, VA 24482-2639 |
| Phone: | (540) 245-5706 |
| Fax: | |
| Website: | https://augustacountyfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,488 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11744 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,382,436 |
| CEO/Manager: | KAREN VAUGHT-GORDON |
| Chairperson: | JACKIE NASH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 730,750 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,190,535 |
| Other Loans | 8,464,874 |
| TOTAL LOANS | 9,655,409 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,317 |
| Land And Building | 0 |
| Other Fixed Assets | 28,000 |
| NCUSIF Deposit | 223,097 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,382,436 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 27,013 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 107,420 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,340,903 |
| Regular shares | 12,577,547 |
| All Other Shares & Deposits | 5,707,867 |
| TOTAL SHARES & DEPOSITS | 19,626,318 |
| TOTAL LIABILITIES | 19,760,751 |
| Regular Reserve | 0 |
| Other Reserves | 184,938 |
| Undivided Earnings | 5,436,747 |
| TOTAL EQUITY | 5,621,685 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,382,436 |
| INCOME & EXPENSE | |
| Loan Income | 549,386 |
| Investment Income | 116,403 |
| Other Income | 40,783 |
| Total Employee Compensation & Benefits | 269,313 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 248,069 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 102,646 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 161,487 |
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» See also Statement of Financial Condition