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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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