Jun, 30, 2021 — AGRICULTURE FEDERAL CREDIT UNION is a federal credit union headquartered in MERRIFIELD, VA with 6 branch locations and about $353.61 million in total assets. Opened 87 years ago in 1934, AGRICULTURE FEDERAL CREDIT UNION has about 25,609 members and employs 45 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 |
|---|---|
| Address: (Main Office) | P.O. BOX 2225 MERRIFIELD, VA 22116 |
| Phone: | (202) 479-2270 |
| Fax: | (202) 479-3821 |
| Website: | http://www.agriculturefcu.org |
| Branches: | 6 branch locations |
| Members: | 25,609 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16400 |
|---|---|
| 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: | $353,610,093 |
| CEO/Manager: | Margie Click |
| Chairperson: | Elard J Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,070,184 |
| TOTAL INVESTMENTS | 83,972,829 |
| Loans Held for Sale | 476,771 |
| Real Estate Loans | 123,621,931 |
| Unsecured Loans | 21,797,568 |
| Other Loans | 52,162,495 |
| TOTAL LOANS | 211,440,778 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,539,385 |
| Land And Building | 0 |
| Other Fixed Assets | 1,331,783 |
| NCUSIF Deposit | 2,866,692 |
| All Other Assets | 15,990,441 |
| TOTAL ASSETS | 353,610,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,501,930 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 64,849,018 |
| Regular shares | 136,907,293 |
| All Other Shares & Deposits | 111,673,406 |
| TOTAL SHARES & DEPOSITS | 313,429,717 |
| TOTAL LIABILITIES | 314,931,647 |
| Regular Reserve | 2,678,925 |
| Other Reserves | 755,309 |
| Undivided Earnings | 35,244,212 |
| TOTAL EQUITY | 38,678,446 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 353,610,093 |
| INCOME & EXPENSE | |
| Loan Income | 3,725,089 |
| Investment Income | 549,534 |
| Other Income | 369,108 |
| Total Employee Compensation & Benefits | 2,211,185 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,340,206 |
| Non-operating Income & (Expense) | -10,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -234,153 |
| Cost of Funds | 595,772 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 501,257 |
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