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PIEDMONT CREDIT UNION

Sep, 30, 2022 — PIEDMONT CREDIT UNION is a federally insured state chartered credit union headquartered in STATESVILLE, NC with 1 branch location and about $5.19 million in total assets. Opened 42 years ago in 1981, PIEDMONT CREDIT UNION has about 901 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:901
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$5,192,546
CEO/Manager:Ginger B Waddell
Chairperson:Frank W Furches

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 775,438
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 396,522
 Other Loans 3,453,708
 TOTAL LOANS 3,850,230
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,226
 Land And Building 274,885
 Other Fixed Assets 5,247
 NCUSIF Deposit 46,331
 All Other Assets 0
  TOTAL ASSETS 5,192,546
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,316
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 65,391
 Regular shares 4,160,286
 All Other Shares & Deposits 500,869
  TOTAL SHARES & DEPOSITS 4,726,546
  TOTAL LIABILITIES 4,729,862
 Regular Reserve 0
 Other Reserves 216,164
 Undivided Earnings 246,520
  TOTAL EQUITY 462,684
  TOTAL LIABILITIES, SHARES, & EQUITY 5,192,546
INCOME & EXPENSE  
 Loan Income 142,025
 Investment Income 3,466
 Other Income 11,474
 Total Employee Compensation & Benefits 79,370
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 82,256
 Non-operating Income & (Expense) 3,531
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,254
 Cost of Funds 4,435
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -14,200
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