Argent Credit Union is headquartered in Chester and is the 29th largest credit union in the state of Virginia. It is also the 919st largest credit union in the nation. It was established in 1987 and as of March of 2014, it had grown to 74 employees and 23,692 members. Argent Credit Union has a A health rating.
Must live, work, attend school, worship or volunteer in the Counties of Chesterfield, Henrico, Hanover or the City of Richmond. - 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 Argent Credit Union had $785,000 in non-current loans and owned real-estate with $20.27 million in equity and loan loss allowances on hand to cover it. This gives Argent Credit Union a Texas Ratio of 3.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Argent Credit Union experienced no significant changes from 2.46% as of March 31, 2013 to 3.87% as of March 31, 2014, resulting in a negative change of 57.27%. This indicates that the balance sheet and financial strength for Argent Credit Union has had no significant changes in recent periods.
In the past year, Argent Credit Union has increased its total deposits by $9.88 million, resulting in 5.65% 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 Argent 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. Argent Credit Union has $204.96 million in assets with $20.27 million in equity, resulting in a capitalization level of 9.89%, which is above average.
|Assets and Liabilities|
|Equity Capital||$19.25 million|
|Loan Loss Allowance||$1.03 million|
|Unbacked Noncurrent Loans||$671,000|
|Real Estate Owned||$114,000|
|Historic Data - March 2013|
|Equity Capital||$18.53 million|
|Loan Loss Allowance||$1.05 million|
|Unbacked Noncurrent Loans||$671,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.32%|
|Return on Assets||-0.33%|
|Return on Equity||-3.53%|
|Interest Income||$1.62 million|
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|0.10%||$100||-||Primary Share Savings Account|
|0.10%||$100||-||Club Savings Account|
|0.10%||$100||-||IRA Shares Savings Account|
|0.35%||$250k||-||Money Management Accounts|
|1.26%||$500||-||60 Month Certificate|
|1.16%||$500||-||48 Month Certificate|
|0.85%||$500||-||36 Month Certificate|
|0.80%||$50k||-||24 Month Jumbo Share Certificate|
|0.50%||$500||-||24 Month Certificate|
|0.45%||$500||-||15 Month Certificate|
|0.35%||$500||-||13 Month Certificate Special|
|0.15%||$500||-||6 Month Certificate|
|0.15%||$500||-||3 Month YouthSavers Share Certificate|
|1.26%||$500||-||60 Month IRA Certificate|
|1.16%||$500||-||48 Month IRA Certificate|
|0.85%||$500||-||36 Month IRA Certificate|
|0.80%||$50k||-||24 Month Jumbo IRA Share Certificate|
|0.50%||$500||-||24 Month IRA Certificate|
|0.45%||$500||-||15 Month IRA Certificate|
|Argent Credit Union Locations|
|Branch Office||11651 Alliance Cir||Chester, VA 23831-1451|
|Branch Office||1901 WalMart Way||Midlothian, VA 23113|
|Branch Office||11900 Chester Village Dr||Chester, VA 23831-1732|
|Branch Office||5403 Jefferson Davis Hwy||North Chesterfield, VA 23234-2257|
|Branch Office||3611 Oxbridge Rd||North Chesterfield, VA 23236-4225|