Jun, 30, 2024 — AUGUSTA COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in VERONA, VA with 1 branch location and about $30.57 million in total assets. Opened 67 years ago in 1957, AUGUSTA COUNTY FEDERAL CREDIT UNION has about 2,557 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: | 2,557 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,573,124 |
| CEO/Manager: | KAREN VAUGHT-GORDON |
| Chairperson: | CHARLES C WYMER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,534,782 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,111,134 |
| Other Loans | 8,186,818 |
| TOTAL LOANS | 9,297,952 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,097 |
| Land And Building | 0 |
| Other Fixed Assets | 28,000 |
| NCUSIF Deposit | 252,396 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,573,124 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,708 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 105,272 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,423,432 |
| Regular shares | 15,274,271 |
| All Other Shares & Deposits | 8,343,427 |
| TOTAL SHARES & DEPOSITS | 25,041,130 |
| TOTAL LIABILITIES | 25,158,110 |
| Regular Reserve | 0 |
| Other Reserves | 184,938 |
| Undivided Earnings | 5,230,076 |
| TOTAL EQUITY | 5,415,014 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,573,124 |
| INCOME & EXPENSE | |
| Loan Income | 376,737 |
| Investment Income | 100,459 |
| Other Income | 28,249 |
| Total Employee Compensation & Benefits | 203,109 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 175,195 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,500 |
| Cost of Funds | 37,959 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 166,378 |
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