Jun, 30, 2023 — AGRICULTURE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 6 branch locations and about $353.79 million in total assets. Opened 89 years ago in 1934, AGRICULTURE FEDERAL CREDIT UNION has about 27,144 members and employs 46 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: | https://www.agriculturefcu.org |
Branches: | 6 branch locations |
Members: | 27,144 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $353,794,165 |
CEO/Manager: | Margie Click |
Chairperson: | Elard J Phillips |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,998,468 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 107,235 |
Real Estate Loans | 162,700,421 |
Unsecured Loans | 36,469,068 |
Other Loans | 59,871,755 |
TOTAL LOANS | 259,041,244 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,588,662 |
Land And Building | 0 |
Other Fixed Assets | 1,927,140 |
NCUSIF Deposit | 2,792,606 |
All Other Assets | 0 |
TOTAL ASSETS | 353,794,165 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,444,616 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 65,737,351 |
Regular shares | 137,949,505 |
All Other Shares & Deposits | 116,842,408 |
TOTAL SHARES & DEPOSITS | 320,529,264 |
TOTAL LIABILITIES | 321,973,880 |
Regular Reserve | 0 |
Other Reserves | -7,545,547 |
Undivided Earnings | 39,365,832 |
TOTAL EQUITY | 31,820,285 |
TOTAL LIABILITIES, SHARES, & EQUITY | 353,794,165 |
INCOME & EXPENSE | |
Loan Income | 6,237,419 |
Investment Income | 929,031 |
Other Income | 567,686 |
Total Employee Compensation & Benefits | 3,323,278 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,715,699 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 243,665 |
Cost of Funds | 721,966 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 840,459 |
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