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Overview / Commentary
11651 Alliance Cir
Chester, VA 23831-1451

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.

Field of Membership Restrictions

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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Data for Q1 2014

Institution Health


Texas Ratio


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.

Texas Ratio Trend


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.

Deposit Growth


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.

Institution Statistics

NCUA #24313
Year Chartered1987
Primary Regulator
Assets and Liabilities
Assets$204.96 million
Loans$106.31 million
Deposits$184.66 million
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
Assets$194.26 million
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 Margin1.32%
Return on Assets-0.33%
Return on Equity-3.53%
Interest Income$1.62 million

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Argent Credit Union Savings Account Rates

0.10%$100-Primary Share Savings Account
0.10%$100-Club Savings Account
0.10%$100-IRA Shares Savings Account

Argent Credit Union Money Market Rates

0.35%$250k-Money Management Accounts

Argent Credit Union Checking Account Rates

0.00%--Checking Account

Argent Credit Union CD Rates

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

Argent Credit Union IRA Rates

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 Office11651 Alliance CirChester, VA 23831-1451
Branch Office1901 WalMart WayMidlothian, VA 23113
Branch Office11900 Chester Village DrChester, VA 23831-1732
Branch Office5403 Jefferson Davis HwyNorth Chesterfield, VA 23234-2257
Branch Office3611 Oxbridge RdNorth Chesterfield, VA 23236-4225