Dec, 31, 2021 — PIEDMONT ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in WINSTON SALEM, NC with 10 branch locations and about $450.59 million in total assets. Opened 73 years ago in 1949, PIEDMONT ADVANTAGE CREDIT UNION has about 38,912 members and employs 119 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 |
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Address: (Main Office) | 3530 Advantage Way WINSTON SALEM, NC 27103 |
Phone: | (336) 776-1700 |
Fax: | (336) 776-1111 |
Website: | http://www.pacu.com |
Branches: | 10 branch locations |
Members: | 38,912 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60160 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $450,587,131 |
CEO/Manager: | Dion Williams |
Chairperson: | Tom Mekis |
ASSETS: | $ Amount |
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Cash & Equivalents | 73,282,233 |
TOTAL INVESTMENTS | 115,984,057 |
Loans Held for Sale | 0 |
Real Estate Loans | 122,899,086 |
Unsecured Loans | 30,710,383 |
Other Loans | 76,349,483 |
TOTAL LOANS | 229,958,952 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,374,233 |
Land And Building | 10,527,540 |
Other Fixed Assets | 4,177,387 |
NCUSIF Deposit | 3,768,785 |
All Other Assets | 14,262,410 |
TOTAL ASSETS | 450,587,131 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,113,374 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 103,040,296 |
Regular shares | 182,850,991 |
All Other Shares & Deposits | 128,479,201 |
TOTAL SHARES & DEPOSITS | 414,370,488 |
TOTAL LIABILITIES | 417,483,862 |
Regular Reserve | 5,561,337 |
Other Reserves | -882,721 |
Undivided Earnings | 28,424,653 |
TOTAL EQUITY | 33,103,269 |
TOTAL LIABILITIES, SHARES, & EQUITY | 450,587,131 |
INCOME & EXPENSE | |
Loan Income | 10,856,371 |
Investment Income | 851,603 |
Other Income | 2,442,963 |
Total Employee Compensation & Benefits | 8,024,714 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,805,702 |
Non-operating Income & (Expense) | 113,190 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,016,000 |
Cost of Funds | 651,852 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 179,935 |
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