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.
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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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.
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.
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.
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.
|Assets and Liabilities|
|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|
|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 Margin||1.02%|
|Return on Assets||0.54%|
|Return on Equity||4.66%|
|Interest Income||$1.90 million|
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|0.10%||-||-||IRA Share Savings|
|0.10%||-||-||Roth IRA Share Savings|
|0.10%||-||-||Coverdell Education Savings Account|
|0.30%||$50k||-||Money Market Account|
|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|
|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|
|Agriculture Federal Credit Union Locations|
|Branch Office||1400 Independence Ave SW USDA Bldg Room SM 2||Washington, DC 20250|
|Branch Office||355 E St SW Suite 3-190||Washington, DC 20024|
|Branch Office||1400 Independence Ave SW USDA Bldg Room 1210||Washington, DC 20250|
|Branch Office||4700 River Rd Ste 1C09||Riverdale, MD 20737|
|Branch Office||3101 Park Center Dr Ste 302||Alexandria, VA 22302|