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ARGENT FEDERAL CREDIT UNION

Mar, 31, 2021 — ARGENT FEDERAL CREDIT UNION is a federal credit union headquartered in CHESTERFIELD, VA with 5 branch locations and about $343.57 million in total assets. Opened 34 years ago in 1987, ARGENT FEDERAL CREDIT UNION has about 25,880 members and employs 72 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)
POST OFFICE BOX 72
CHESTERFIELD, VA 23832
Phone:(804) 748-9488
Fax:(804) 748-7388
Website:http://www.argentcu.org
Branches:5 branch locations
Members:25,880
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$343,572,497
CEO/Manager:Jamie Asciolla
Chairperson:Gary D Miller

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 56,652,193
TOTAL INVESTMENTS 66,760,606
Loans Held for Sale 0
 
 Real Estate Loans 47,715,210
 Unsecured Loans 28,402,112
 Other Loans 120,065,120
 TOTAL LOANS 196,182,442
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,154,381
 Land And Building 9,124,072
 Other Fixed Assets 1,263,317
 NCUSIF Deposit 2,457,174
 All Other Assets 14,287,074
  TOTAL ASSETS 343,572,497
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,029,590
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 74,572,778
 Regular shares 144,404,245
 All Other Shares & Deposits 95,029,425
  TOTAL SHARES & DEPOSITS 314,006,448
  TOTAL LIABILITIES 317,036,038
 Regular Reserve 3,081,262
 Other Reserves 1,098,005
 Undivided Earnings 22,357,192
  TOTAL EQUITY 26,536,459
  TOTAL LIABILITIES, SHARES, & EQUITY 343,572,497
INCOME & EXPENSE  
 Loan Income 2,500,061
 Investment Income 56,789
 Other Income 371,040
 Total Employee Compensation & Benefits 1,403,317
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,486,147
 Non-operating Income & (Expense) -69
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 305,000
 Cost of Funds 214,131
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 371,581
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