Dec, 31, 2021 — AGRICULTURE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 6 branch locations and about $356.08 million in total assets. Opened 88 years ago in 1934, AGRICULTURE FEDERAL CREDIT UNION has about 25,587 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AGRICULTURE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1400 Independence Ave SW WASHINGTON, DC 20250 |
Phone: | (202) 479-2270 |
Fax: | (202) 479-3821 |
Website: | http://www.agriculturefcu.org |
Branches: | 6 branch locations |
Members: | 25,587 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16400 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $356,075,039 |
CEO/Manager: | Margie Click |
Chairperson: | Elard J Phillips |
ASSETS: | $ Amount |
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Cash & Equivalents | 36,041,420 |
TOTAL INVESTMENTS | 79,686,457 |
Loans Held for Sale | 267,477 |
Real Estate Loans | 127,010,475 |
Unsecured Loans | 22,075,414 |
Other Loans | 60,609,473 |
TOTAL LOANS | 222,384,553 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,493,261 |
Land And Building | 0 |
Other Fixed Assets | 1,166,715 |
NCUSIF Deposit | 2,797,865 |
All Other Assets | 15,223,813 |
TOTAL ASSETS | 356,075,039 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,496,109 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 66,472,034 |
Regular shares | 139,612,445 |
All Other Shares & Deposits | 110,125,978 |
TOTAL SHARES & DEPOSITS | 316,210,457 |
TOTAL LIABILITIES | 317,706,566 |
Regular Reserve | 2,678,925 |
Other Reserves | -156,900 |
Undivided Earnings | 35,846,448 |
TOTAL EQUITY | 38,368,473 |
TOTAL LIABILITIES, SHARES, & EQUITY | 356,075,039 |
INCOME & EXPENSE | |
Loan Income | 7,674,392 |
Investment Income | 1,259,961 |
Other Income | 827,534 |
Total Employee Compensation & Benefits | 4,496,573 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,857,501 |
Non-operating Income & (Expense) | -10,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -191,163 |
Cost of Funds | 1,007,398 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,103,492 |
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