Dec, 31, 2023 — PIEDMONT ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in WINSTON SALEM, NC with 6 branch locations and about $384.91 million in total assets. Opened 75 years ago in 1949, PIEDMONT ADVANTAGE CREDIT UNION has about 31,681 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: | 31,681 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $384,914,274 |
CEO/Manager: | Dion Williams |
Chairperson: | Tom Mekis |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 11,519,144 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 140,278,628 |
Unsecured Loans | 9,349,399 |
Other Loans | 115,607,507 |
TOTAL LOANS | 265,235,534 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -648,606 |
Land And Building | 10,137,414 |
Other Fixed Assets | 2,492,870 |
NCUSIF Deposit | 3,627,080 |
All Other Assets | 13,088 |
TOTAL ASSETS | 384,914,274 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -2,722,417 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 90,263,129 |
Regular shares | 133,978,942 |
All Other Shares & Deposits | 141,835,036 |
TOTAL SHARES & DEPOSITS | 366,077,107 |
TOTAL LIABILITIES | 363,354,690 |
Regular Reserve | 0 |
Other Reserves | -11,870,871 |
Undivided Earnings | 33,430,455 |
TOTAL EQUITY | 21,559,584 |
TOTAL LIABILITIES, SHARES, & EQUITY | 384,914,274 |
INCOME & EXPENSE | |
Loan Income | 12,156,983 |
Investment Income | 2,667,886 |
Other Income | 2,345,229 |
Total Employee Compensation & Benefits | 8,224,336 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,495,273 |
Non-operating Income & (Expense) | 100,738 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -100,590 |
Cost of Funds | 3,386,136 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -658,632 |
↑ Back to Top |