Agriculture Federal Credit Union

Agriculture Federal Credit Union is headquartered in Alexandria and is the 26^th largest credit union in the state of Virginia. It is also the 801^st largest credit union in the nation. It was established in 1934 and as of December of 2012, it had grown to 45 employees and 20,398 members. Agriculture Federal Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

Related Posts

2008

• 12/8 - 4.25% 10-Month No-Penalty CD at Agriculture FCU - Easy Membership
• 10/16 - 3.75% 36-Month No-Penalty CD at Agriculture FCU - Easy Membership
• 5/21 - Agriculture FCU's No-Penalty 3.50% 36-Month CD - Easy Membership

2007

• 7/27 - Last Day for Agriculture FCU's 6% 10-Month CD
• 7/26 - Agriculture FCU's 6% CD is Ending Tomorrow
• 7/23 - 6.00% 10-Month CD at Agriculture FCU (Open to All)
• 3/8 - Agriculture FCU IRA CD Rates Up To 6.00%
• 3/1 - Agriculture FCU Raises CD Rates Up To 5.75%

2006

• 11/26 - Joining AFCU and Opening a 6.00% 60-Month Share Certificate
• 11/21 - 6.00% 60-Month CD at Agriculture FCU (Open to All)
• 11/17 - 6.10% 16-Month CD at Agriculture FCU Expires End of Monday
• 11/10 - 6.10% 16-Month CD at Agriculture FCU - $25K Min

Agriculture Federal Credit Union Savings Account Rates

Agriculture Federal Credit Union Money Market Rates

Agriculture Federal Credit Union CD Rates

Agriculture Federal Credit Union IRA Rates

Data for Q4 2012

Institution Statistics AGRICULTURE NCUA # 16400 BankRate Report View Year Chartered 1934 Employees 45 Primary Regulator Assets and Liabilities Assets $235.47 million Loans $135.34 million Deposits $204.84 million Equity Capital $28.94 million Loan Loss Allowance $1.96 million Unbacked Noncurrent Loans $841,000 Historic Data - December 2011 Assets $224.08 million Equity Capital $27.42 million Loan Loss Allowance $2.05 million Unbacked Noncurrent Loans $3.47 million Profit Margin - Quarterly Net Interest Margin 4.58% Return on Assets 0.5% Return on Equity 4.04% Interest Income $8.27 million Non-Interest Income $2.57 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Agriculture Federal Credit Union had $841,000 in non-current loans and owned real-estate with $30.9 million in equity and loan loss allowances on hand to cover it. This gives Agriculture Federal Credit Union a Texas Ratio of 2.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Agriculture Federal Credit Union decreased significantly from 11.77% as of December 31, 2011 to 2.72% as of December 31, 2012, resulting in a positive change of 76.87%.This indicates that the balance sheet and financial strength for Agriculture Federal Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Agriculture Federal Credit Union has increased its total deposits by $10.04 million, resulting in 5.15% 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 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 $235.47 million in assets with $30.9 million in equity, resulting in a capitalization level of 13.12%, which is excellent.

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