Overview / Commentary
Argent Federal Credit Union is headquartered in Chester and is the 28th largest credit union in the state of Virginia. It is also the 844th largest credit union in the nation. It was established in 1987 and as of June of 2022, it had grown to 68 employees and 26,822 members at 5 locations. Argent Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Argent Credit Union is open to those who live, work, worship, attend school, or volunteer in the Virginia counties of Chesterfield, Hanover, or Henrico, or the City of Richmond.
See current membership details
Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24313 |
| Year Chartered | 1987 |
| Employees | 68 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 12.05% |
| Annual Interest Income | $5.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $393.4MM$350.4MM |
| Loans | Q2 2022vs Q2 2021 | $217.8MM$195.5MM |
| Deposits | Q2 2022vs Q2 2021 | $365.4MM$320.4MM |
| Equity Capital | Q2 2022vs Q2 2021 | $24.6MM$26.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $2.9MM$3.4MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.1MM$816.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |