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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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