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202-479-2270
1400 Independence Ave SW USDA Bldg Room SM 2
Washington, DC 20250

Agriculture Federal Credit Union is headquartered in Washington and is the 27th largest credit union in the District of Columbia. It is also the 800th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 47 employees and 20,657 members. Agriculture Federal Credit Union has a A+ health rating.

Field of Membership Restrictions

You qualify for membership if you fall within the following categories: 1. Persons who work, worship, volunteer, attend school in, and businesses and other legal entities in the District of Columbia 2. Employees, employee family members, and persons retired as pensioners or annuitants of our select employee group (SEG) companies and organizations. 3. Contractors who work with our select employee group (SEG) companies, co-workers and family members. 4. Individuals who are or become members of CityDance Ensemble are also eligible for membership. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Agriculture Federal Credit Union had $809,000 in non-current loans and owned real-estate with $31.02 million in equity and loan loss allowances on hand to cover it. This gives Agriculture Federal Credit Union a Texas Ratio of 2.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Agriculture Federal Credit Union experienced no significant changes from 2.75% as of March 31, 2013 to 2.61% as of March 31, 2014, resulting in a positive change of 5.08%.This indicates that the balance sheet and financial strength for Agriculture Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Agriculture Federal Credit Union has increased its total deposits by $9.88 million, resulting in 4.74% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Agriculture Federal Credit Union has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Agriculture Federal Credit Union has $249.62 million in assets with $31.02 million in equity, resulting in a capitalization level of 12.43%, which is excellent.

Institution Statistics

Overall
NCUA #16400
Year Chartered1934
Employees47
Primary Regulator
Assets and Liabilities
Assets$249.62 million
Loans$137.65 million
Deposits$218.45 million
Equity Capital$29.16 million
Loan Loss Allowance$1.86 million
Unbacked Noncurrent Loans$491,000
Real Estate Owned$318,000
Historic Data - March 2013
Assets$239.53 million
Equity Capital$29.26 million
Loan Loss Allowance$2.01 million
Unbacked Noncurrent Loans$491,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.02%
Return on Assets0.54%
Return on Equity4.66%
Interest Income$1.90 million
Rates
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Agriculture Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--IRA Share Savings
0.10%--Roth IRA Share Savings
0.10%--Coverdell Education Savings Account
0.05%--Base Shares
0.05%--Vacation Club
0.05%--Holiday Club

Agriculture Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Account

Agriculture Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month Share Certificate
1.30%$1k-48 Month Share Certificate
1.00%$1k-36 Month Share Certificate
0.85%$1k-24 Month Share Certificate
0.70%$1k-12 Month Share Certificate
0.40%--24 Month Asset Builder Certificate
0.40%$1k-6 Month Share Certificate

Agriculture Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%$1k-60 Month IRA Certificate
1.30%$1k-48 Month IRA Certificate
1.00%$1k-36 Month IRA Certificate
0.70%$1k-24 Month IRA Certificate
0.55%$1k-12 Month IRA Certificate
0.40%$1k-6 Month IRA Certificate
Locations


Agriculture Federal Credit Union Locations
Branch Office1400 Independence Ave SW USDA Bldg Room SM 2Washington, DC 20250
Branch Office355 E St SW Suite 3-190Washington, DC 20024
Branch Office1400 Independence Ave SW USDA Bldg Room 1210Washington, DC 20250
Branch Office4700 River Rd Ste 1C09Riverdale, MD 20737
Branch Office3101 Park Center Dr Ste 302Alexandria, VA 22302