Mar, 31, 2021 — AGRICULTURE FEDERAL CREDIT UNION is a federal credit union headquartered in MERRIFIELD, VA with 7 branch locations and about $354.57 million in total assets. Opened 87 years ago in 1934, AGRICULTURE FEDERAL CREDIT UNION has about 25,292 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: | 25,292 |
| 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: | $354,573,504 |
| CEO/Manager: | Margie Click |
| Chairperson: | Elard J Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 44,511,363 |
| TOTAL INVESTMENTS | 82,844,667 |
| Loans Held for Sale | 659,450 |
| Real Estate Loans | 125,332,975 |
| Unsecured Loans | 22,589,482 |
| Other Loans | 46,724,250 |
| TOTAL LOANS | 208,851,654 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,894,048 |
| Land And Building | 0 |
| Other Fixed Assets | 1,424,829 |
| NCUSIF Deposit | 2,868,240 |
| All Other Assets | 15,307,349 |
| TOTAL ASSETS | 354,573,504 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,642,027 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 64,296,173 |
| Regular shares | 134,102,510 |
| All Other Shares & Deposits | 115,288,582 |
| TOTAL SHARES & DEPOSITS | 313,687,265 |
| TOTAL LIABILITIES | 316,329,292 |
| Regular Reserve | 2,678,925 |
| Other Reserves | 677,684 |
| Undivided Earnings | 34,887,603 |
| TOTAL EQUITY | 38,244,212 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 354,573,504 |
| INCOME & EXPENSE | |
| Loan Income | 1,905,196 |
| Investment Income | 280,546 |
| Other Income | 185,045 |
| Total Employee Compensation & Benefits | 1,076,188 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,182,088 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,887 |
| Cost of Funds | 354,262 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 144,648 |
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