Sep, 30, 2025 — PIEDMONT ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in WINSTON SALEM, NC with 6 branch locations and about $385.85 million in total assets. Opened 77 years ago in 1949, PIEDMONT ADVANTAGE CREDIT UNION has about 28,287 members and employs 97 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 ADVANTAGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 3530 Advantage Way WINSTON SALEM, NC 27103 |
| Phone: | (336) 776-1700 |
| Fax: | (336) 776-1111 |
| Website: | https://www.pacu.com |
| Branches: | 6 branch locations |
| Members: | 28,287 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60160 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $385,849,170 |
| CEO/Manager: | Dion Williams |
| Chairperson: | Tom Mekis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,216,585 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 165,054,079 |
| Unsecured Loans | 8,915,313 |
| Other Loans | 86,960,989 |
| TOTAL LOANS | 260,930,381 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -361,170 |
| Land And Building | 9,385,497 |
| Other Fixed Assets | 2,059,059 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,363,796 |
| All Other Assets | 3,816 |
| TOTAL ASSETS | 385,849,170 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 27 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 4,005,038 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 93,980,568 |
| Regular shares | 126,727,050 |
| All Other Shares & Deposits | 119,662,242 |
| TOTAL SHARES & DEPOSITS | 340,369,861 |
| TOTAL LIABILITIES | 364,374,926 |
| Regular Reserve | 0 |
| Other Reserves | -8,194,594 |
| Undivided Earnings | 29,668,838 |
| TOTAL EQUITY | 21,474,244 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 385,849,170 |
| INCOME & EXPENSE | |
| Loan Income | 9,395,213 |
| Investment Income | 2,063,838 |
| Other Income | 1,582,471 |
| Total Employee Compensation & Benefits | 6,081,708 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,761,215 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 128,000 |
| Cost of Funds | 2,858,545 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,527,286 |
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