Dec, 31, 2023 — PIEDMONT CREDIT UNION is a federally insured state chartered credit union headquartered in STATESVILLE, NC with 1 branch location and about $5.38 million in total assets. Opened 43 years ago in 1981, PIEDMONT CREDIT UNION has about 877 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PIEDMONT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1913 W Front St STATESVILLE, NC 28677-3646 |
| Phone: | (704) 873-6400 |
| Fax: | (704) 871-1200 |
| Website: | https://www.piedmontcreditunionnc.com/ |
| Branches: | 1 branch locations |
| Members: | 877 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65781 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1981 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,380,087 |
| CEO/Manager: | Ginger B Waddell |
| Chairperson: | Frank W Furches |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 894,696 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 389,358 |
| Other Loans | 3,362,122 |
| TOTAL LOANS | 3,751,480 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,355 |
| Land And Building | 273,841 |
| Other Fixed Assets | 2,044 |
| NCUSIF Deposit | 46,803 |
| All Other Assets | 4,291 |
| TOTAL ASSETS | 5,380,087 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,598 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 205,876 |
| Regular shares | 3,164,662 |
| All Other Shares & Deposits | 1,556,124 |
| TOTAL SHARES & DEPOSITS | 4,926,663 |
| TOTAL LIABILITIES | 4,939,261 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 440,826 |
| TOTAL EQUITY | 440,826 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,380,087 |
| INCOME & EXPENSE | |
| Loan Income | 230,977 |
| Investment Income | 37,290 |
| Other Income | 19,448 |
| Total Employee Compensation & Benefits | 121,824 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 111,538 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,400 |
| Cost of Funds | 39,969 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -25,995 |
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