Sep, 30, 2025 — PEOPLES ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in PETERSBURG, VA with 4 branch locations and about $110.04 million in total assets. Opened 60 years ago in 1966, PEOPLES ADVANTAGE FEDERAL CREDIT UNION has about 9,206 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEOPLES ADVANTAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 Wagner Rd PETERSBURG, VA 23805-9303 |
| Phone: | (804) 748-3081 |
| Fax: | (804) 748-5683 |
| Website: | https://www.peoplesadvfcu.org/ |
| Branches: | 4 branch locations |
| Members: | 9,206 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17464 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $110,042,568 |
| CEO/Manager: | Amanda Habansky |
| Chairperson: | Michael Koch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,585,359 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,849,717 |
| Unsecured Loans | 9,727,031 |
| Other Loans | 24,233,395 |
| TOTAL LOANS | 56,810,143 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,607,096 |
| Land And Building | 3,983,627 |
| Other Fixed Assets | 555,580 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 751,186 |
| All Other Assets | 56,782 |
| TOTAL ASSETS | 110,042,568 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,570 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,594,474 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,100,000 |
| Share Drafts | 15,288,063 |
| Regular shares | 34,560,447 |
| All Other Shares & Deposits | 32,566,866 |
| TOTAL SHARES & DEPOSITS | 82,415,376 |
| TOTAL LIABILITIES | 97,145,331 |
| Regular Reserve | 0 |
| Other Reserves | -60,492 |
| Undivided Earnings | 12,957,729 |
| TOTAL EQUITY | 12,897,237 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,042,568 |
| INCOME & EXPENSE | |
| Loan Income | 3,847,340 |
| Investment Income | 1,051,491 |
| Other Income | 942,004 |
| Total Employee Compensation & Benefits | 2,763,378 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,044,445 |
| Non-operating Income & (Expense) | 2,065,699 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 702,861 |
| Cost of Funds | 1,104,633 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,710,650 |
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