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 |
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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 |
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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 |
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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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