Agriculture Federal Credit Union

Agriculture Federal Credit Union Locations
1400 Independence Ave, SW
Washington, DC 20250
(202) 479-2270
www.agriculturefcu.org



Agriculture Federal Credit Union is headquartered in Alexandria and is the 26th largest credit union in the state of Virginia. It is also the 800th largest credit union in the nation. It was established in 1934 and as of September of 2011, it had grown to 48 employees and 20,739 members. Agriculture Federal Credit Union's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Related Posts

Agriculture FCU Fee For Paper Statements (Forum) - 1/18/2011

On FEB 1 2011 there will be a fee of $3.00 for paper statements. Per month   Can opt out by signing up for E Statements after Log in.

You Might Consider Adding Agriculture Federal CU To Your CD List (Forum) - 2/18/2010

You might consider adding Agriculture Federal CU to your CD list. Their 5-year CD at 3.30% would rank near the top of the 5-year list. http://www.agriculturefcu.org

3.00% No-Penalty 60-Month IRA CD at Agriculture FCU - Easy Membership - 1/10/2010

Agriculture FCU is again offering a special No-Penalty Certificate. However, unlike last year's no penalty CDs, this one is only for an IRA certificate. The special has a 60-month term with a 3.00% APY. This is a little low for a 5-year term, but since...

4.25% 10-Month No-Penalty CD at Agriculture FCU - Easy Membership - 12/8/2008

Update 12/09/08 6:00pm EST: The CD special has ended. They must have attracted a ton of deposits.Agriculture FCU has just started a new risk free certificate with an APY of 4.25% and a 10-month term. Minimum deposit is $5,000, and the money must be new...

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See Rates for: Savings | Money Market | CD | IRA

Agriculture Federal Credit Union Savings Account Rates

ApyMinMaxProduct
1.00%--Better Way Savings
0.10%--Base Shares
0.10%--Club Account
0.10%--IRA Share Savings
0.10%--Roth IRA Share Savings
0.10%--Coverdell Education Savings Account

Agriculture Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.50%$50k-Money Market Account

Agriculture Federal Credit Union CD Rates

ApyMinMaxProduct
2.15%$1k-60 Month Share Certificate
1.80%$1k-48 Month Share Certificate
1.50%$1k-36 Month Share Certificate
1.10%$1k-24 Month Share Certificate
0.80%$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

ApyMinMaxProduct
2.15%$1k-60 Month IRA Certificate
2.15%$1k-60 Month Roth IRA Certificate
2.15%$1k-60 Month ESA Certificate
1.80%$1k-48 Month IRA Certificate
1.80%$1k-48 Month Roth IRA Certificate
1.80%$1k-48 Month ESA Certificate
1.50%$1k-36 Month IRA Certificate
1.50%$1k-36 Month Roth IRA Certificate
1.50%$1k-36 Month ESA Certificate
1.10%$1k-24 Month IRA Certificate
1.10%$1k-24 Month Roth IRA Certificate
1.10%$1k-24 Month ESA Certificate
0.80%$1k-12 Month IRA Certificate
0.80%$1k-12 Month Roth IRA Certificate
0.80%$1k-12 Month ESA Certificate
0.40%$1k-6 Month IRA Certificate
0.40%$1k-6 Month Roth IRA Certificate
0.40%$1k-6 Month ESA Certificate

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


AGRICULTURE
NCUA #16400
BankRate ReportView
Year Established1934
Employees48
Primary Regulator

Assets and Liabilities

Assets$221.92 million
Loans$141.25 million
Deposits$193.27 million
Equity Capital$27.24 million
Loan Loss Allowance$2.01 million
Unbacked Noncurrent Loans$3.16 million
Real Estate Owned$252,000

Historic Data - September 2010

Assets$219.50 million
Equity Capital$26.41 million
Loan Loss Allowance$1.89 million
Unbacked Noncurrent Loans$3.38 million

Profit Margin - Quarterly

Net Interest Margin3.26%
Return on Assets0.3%
Return on Equity2.42%
Interest Income$6.59 million
Non-Interest Income$1.90 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 September 30, 2011 Agriculture Federal Credit Union had $3.41 million in non-current loans and owned real-estate with $29.25 million in equity and loan loss allowances on hand to cover it. This gives Agriculture Federal Credit Union a Texas Ratio of 11.67% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Agriculture Federal Credit Union held steady from 11.93% as of September 30, 2010 to 11.67% as of September 30, 2011, resulting in a positive change of 2.22%.This indicates that the balance sheet and financial strength for Agriculture Federal Credit Union has held steady in recent periods.
Deposit Growth3
In the past year, Agriculture Federal Credit Union has increased its total deposits by $997,000, resulting in 0.52% 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 average.
Capitalization5
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 $221.92 million in assets with $29.25 million in equity, resulting in a capitalization level of 13.18%, which is excellent.
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