Sep, 30, 2022 — PEOPLES ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in PETERSBURG, VA with 3 branch locations and about $97.57 million in total assets. Opened 57 years ago in 1966, PEOPLES ADVANTAGE FEDERAL CREDIT UNION has about 10,428 members and employs 33 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://peoplesadvfcu.org |
| Branches: | 3 branch locations |
| Members: | 10,428 |
| 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: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $97,572,518 |
| CEO/Manager: | Amanda Habansky |
| Chairperson: | Peter Poulton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,331,828 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,440,333 |
| Unsecured Loans | 7,993,466 |
| Other Loans | 26,394,582 |
| TOTAL LOANS | 46,828,381 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -550,173 |
| Land And Building | 3,967,690 |
| Other Fixed Assets | 469,201 |
| NCUSIF Deposit | 774,233 |
| All Other Assets | 54,061 |
| TOTAL ASSETS | 97,572,518 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,902 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 972,276 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,250,000 |
| Share Drafts | 14,958,934 |
| Regular shares | 43,636,784 |
| All Other Shares & Deposits | 20,493,419 |
| TOTAL SHARES & DEPOSITS | 79,089,137 |
| TOTAL LIABILITIES | 90,313,315 |
| Regular Reserve | 0 |
| Other Reserves | -1,685,590 |
| Undivided Earnings | 8,944,793 |
| TOTAL EQUITY | 7,259,203 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,572,518 |
| INCOME & EXPENSE | |
| Loan Income | 2,438,285 |
| Investment Income | 234,305 |
| Other Income | 1,017,197 |
| Total Employee Compensation & Benefits | 1,737,658 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,468,276 |
| Non-operating Income & (Expense) | 672,068 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 344,400 |
| Cost of Funds | 160,445 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 841,797 |
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