Dec, 31, 2022 — 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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