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PEOPLES ADVANTAGE FEDERAL CREDIT UNION

Dec, 31, 2023 — PEOPLES ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in PETERSBURG, VA with 4 branch locations and about $98.44 million in total assets. Opened 58 years ago in 1966, PEOPLES ADVANTAGE FEDERAL CREDIT UNION has about 10,358 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PEOPLES ADVANTAGE FEDERAL CREDIT UNION
Address:
(Main Office)
110 Wagner Rd
PETERSBURG, VA 23805-9303
Phone:(804) 748-3081
Fax:(804) 748-5683
Website:https://peoplesadvfcu.org
Branches:4 branch locations
Members:10,358
Credit Union Type:Federal Credit Union
Charter Number:17464
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1966
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$98,442,247
CEO/Manager:Amanda Habansky
Chairperson:Peter Poulton

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,002,747
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,330,809
 Unsecured Loans 9,336,116
 Other Loans 24,408,763
 TOTAL LOANS 50,075,688
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -966,794
 Land And Building 3,875,218
 Other Fixed Assets 638,018
 NCUSIF Deposit 728,784
 All Other Assets 154,103
  TOTAL ASSETS 98,442,247
LIABILITIES & CAPITAL:  
 Dividends Payable 7,909
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,410,237
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 10,150,000
 Share Drafts 14,389,778
 Regular shares 37,881,016
 All Other Shares & Deposits 23,398,294
  TOTAL SHARES & DEPOSITS 75,669,088
  TOTAL LIABILITIES 89,257,030
 Regular Reserve 0
 Other Reserves -1,559,270
 Undivided Earnings 10,744,487
  TOTAL EQUITY 9,185,217
  TOTAL LIABILITIES, SHARES, & EQUITY 98,442,247
INCOME & EXPENSE  
 Loan Income 3,960,548
 Investment Income 944,812
 Other Income 1,610,991
 Total Employee Compensation & Benefits 2,864,423
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,519,196
 Non-operating Income & (Expense) 1,007,942
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 881,857
 Cost of Funds 718,530
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,139,557
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