Dec, 31, 2023 — AGRICULTURE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 4 branch locations and about $359.29 million in total assets. Opened 90 years ago in 1934, AGRICULTURE FEDERAL CREDIT UNION has about 27,291 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) | 1400 Independence Ave SW WASHINGTON, DC 20250 |
| Phone: | (202) 479-2270 |
| Fax: | (202) 479-3821 |
| Website: | https://www.agriculturefcu.org |
| Branches: | 4 branch locations |
| Members: | 27,291 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $359,292,204 |
| CEO/Manager: | Margie Click |
| Chairperson: | Elard J Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,087,341 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 251,147 |
| Real Estate Loans | 159,377,632 |
| Unsecured Loans | 49,580,467 |
| Other Loans | 43,490,770 |
| TOTAL LOANS | 252,448,869 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,164,855 |
| Land And Building | 0 |
| Other Fixed Assets | 1,492,393 |
| NCUSIF Deposit | 2,841,395 |
| All Other Assets | 0 |
| TOTAL ASSETS | 359,292,204 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,219,902 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 69,404,724 |
| Regular shares | 125,391,956 |
| All Other Shares & Deposits | 128,098,359 |
| TOTAL SHARES & DEPOSITS | 322,895,037 |
| TOTAL LIABILITIES | 325,114,939 |
| Regular Reserve | 0 |
| Other Reserves | -5,528,123 |
| Undivided Earnings | 39,705,388 |
| TOTAL EQUITY | 34,177,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 359,292,204 |
| INCOME & EXPENSE | |
| Loan Income | 11,168,745 |
| Investment Income | 1,938,374 |
| Other Income | 732,115 |
| Total Employee Compensation & Benefits | 5,222,498 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,396,629 |
| Non-operating Income & (Expense) | 64,410 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,185,268 |
| Cost of Funds | 3,132,482 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 385,144 |
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