Dec, 31, 2020 — AGRICULTURE FEDERAL CREDIT UNION is a federal credit union headquartered in MERRIFIELD, VA with 7 branch locations and about $362.40 million in total assets. Opened 87 years ago in 1934, AGRICULTURE FEDERAL CREDIT UNION has about 25,250 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: | 7 branch locations |
| Members: | 25,250 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $362,404,963 |
| CEO/Manager: | Margie Click |
| Chairperson: | Elard J Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,711,055 |
| TOTAL INVESTMENTS | 78,109,985 |
| Loans Held for Sale | 2,053,038 |
| Real Estate Loans | 127,584,212 |
| Unsecured Loans | 25,226,597 |
| Other Loans | 47,723,026 |
| TOTAL LOANS | 215,599,839 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,908,539 |
| Land And Building | 0 |
| Other Fixed Assets | 1,477,590 |
| NCUSIF Deposit | 2,868,240 |
| All Other Assets | 16,493,755 |
| TOTAL ASSETS | 362,404,963 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,526,010 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 60,943,263 |
| Regular shares | 126,385,988 |
| All Other Shares & Deposits | 134,651,457 |
| TOTAL SHARES & DEPOSITS | 321,980,708 |
| TOTAL LIABILITIES | 323,506,718 |
| Regular Reserve | 2,678,925 |
| Other Reserves | 1,476,365 |
| Undivided Earnings | 34,742,955 |
| TOTAL EQUITY | 38,898,245 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 362,404,963 |
| INCOME & EXPENSE | |
| Loan Income | 8,854,106 |
| Investment Income | 1,550,559 |
| Other Income | 2,297,263 |
| Total Employee Compensation & Benefits | 4,312,346 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,556,120 |
| Non-operating Income & (Expense) | -46,260 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 801,087 |
| Cost of Funds | 2,379,656 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 606,459 |
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