Dec, 31, 2023 — ARGENT FEDERAL CREDIT UNION is a federal credit union headquartered in CHESTER, VA with 8 branch locations and about $506.48 million in total assets. Opened 37 years ago in 1987, ARGENT FEDERAL CREDIT UNION has about 36,018 members and employs 93 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 |
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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: | 36,018 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24313 |
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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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $506,483,279 |
CEO/Manager: | Jamie Asciolla |
Chairperson: | Gary D Miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,075,623 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 92,599,761 |
Unsecured Loans | 33,323,681 |
Other Loans | 200,928,173 |
TOTAL LOANS | 326,851,615 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,608,130 |
Land And Building | 11,493,545 |
Other Fixed Assets | 1,322,163 |
NCUSIF Deposit | 4,204,092 |
All Other Assets | 165,900 |
TOTAL ASSETS | 506,483,279 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 16,991,781 |
Accounts Payable & Other Liabilities | 3,904,579 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 89,457,435 |
Regular shares | 174,923,495 |
All Other Shares & Deposits | 185,881,966 |
TOTAL SHARES & DEPOSITS | 450,262,895 |
TOTAL LIABILITIES | 471,159,255 |
Regular Reserve | 0 |
Other Reserves | 1,437,116 |
Undivided Earnings | 33,886,908 |
TOTAL EQUITY | 35,324,024 |
TOTAL LIABILITIES, SHARES, & EQUITY | 506,483,279 |
INCOME & EXPENSE | |
Loan Income | 15,719,026 |
Investment Income | 1,823,351 |
Other Income | 1,867,798 |
Total Employee Compensation & Benefits | 6,343,312 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,610,618 |
Non-operating Income & (Expense) | -182,344 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,621,242 |
Cost of Funds | 5,994,841 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 947,350 |
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