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National Credit Union Service Organization

PIEDMONT ADVANTAGE CREDIT UNION

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.


ABA Routing Number: 253177861
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

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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