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PIEDMONT CREDIT UNION

Dec, 31, 2021 — PIEDMONT CREDIT UNION is a federally insured state chartered credit union headquartered in STATESVILLE, NC with 1 branch location and about $5.12 million in total assets. Opened 41 years ago in 1981, PIEDMONT CREDIT UNION has about 951 members and employs 3 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 CREDIT UNION
Address:
(Main Office)
1913 W Front St
STATESVILLE, NC 28677-3646
Phone:(704) 873-6400
Fax:(704) 871-1200
Website:https://www.piedmontcreditunionnc.com/
Branches:1 branch locations
Members:951
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65781
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1981
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,119,904
CEO/Manager:Ginger B Waddell
Chairperson:Frank W Furches

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,217,023
TOTAL INVESTMENTS 36,405
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 425,196
 Other Loans 3,063,603
 TOTAL LOANS 3,488,799
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,653
 Land And Building 278,017
 Other Fixed Assets 8,230
 NCUSIF Deposit 38,123
 All Other Assets 69,960
  TOTAL ASSETS 5,119,904
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,365
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,265
 Regular shares 4,118,807
 All Other Shares & Deposits 500,000
  TOTAL SHARES & DEPOSITS 4,633,072
  TOTAL LIABILITIES 4,640,437
 Regular Reserve 213,354
 Other Reserves 0
 Undivided Earnings 266,113
  TOTAL EQUITY 479,467
  TOTAL LIABILITIES, SHARES, & EQUITY 5,119,904
INCOME & EXPENSE  
 Loan Income 178,036
 Investment Income 960
 Other Income 14,350
 Total Employee Compensation & Benefits 118,800
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 113,015
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 23,848
 Cost of Funds 4,922
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -43,919
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