Sep, 30, 2025 — ARGENT FEDERAL CREDIT UNION is a federal credit union headquartered in CHESTER, VA with 8 branch locations and about $525.22 million in total assets. Opened 39 years ago in 1987, ARGENT FEDERAL CREDIT UNION has about 35,265 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARGENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 11651 Alliance Cir CHESTER, VA 23831-1451 |
| Phone: | (804) 748-9488 |
| Fax: | (804) 748-7388 |
| Website: | https://www.argentcu.org |
| Branches: | 8 branch locations |
| Members: | 35,265 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24313 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1987 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $525,219,939 |
| CEO/Manager: | Jamie Asciolla |
| Chairperson: | Gary D Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,397,247 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 115,084,223 |
| Unsecured Loans | 29,647,446 |
| Other Loans | 165,006,665 |
| TOTAL LOANS | 309,738,334 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,586,825 |
| Land And Building | 11,337,431 |
| Other Fixed Assets | 566,924 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,243,539 |
| All Other Assets | 411,760 |
| TOTAL ASSETS | 525,219,939 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,272,308 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 89,081,936 |
| Regular shares | 169,518,257 |
| All Other Shares & Deposits | 214,192,875 |
| TOTAL SHARES & DEPOSITS | 472,793,070 |
| TOTAL LIABILITIES | 477,065,378 |
| Regular Reserve | 0 |
| Other Reserves | 5,206,070 |
| Undivided Earnings | 42,948,491 |
| TOTAL EQUITY | 48,154,561 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 525,219,939 |
| INCOME & EXPENSE | |
| Loan Income | 15,878,557 |
| Investment Income | 4,461,861 |
| Other Income | 1,640,776 |
| Total Employee Compensation & Benefits | 5,129,608 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,277,193 |
| Non-operating Income & (Expense) | -612,539 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,976,608 |
| Cost of Funds | 5,570,427 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,351,260 |
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