Overview / Commentary
110 Wagner Rd
Petersburg, VA 23805

Peoples Advantage Federal Credit Union is headquartered in Petersburg and is the 59th largest credit union in the state of Virginia. It is also the 1,971st largest credit union in the nation. It was established in 1966 and as of September of 2018, it had grown to 37 employees and 9,105 members at 4 locations. Peoples Advantage Federal Credit Union's money market rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship volunteer, attend school in, or businesses and other legal entities located in the Counties of Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King and Queen, King William, Louisa, New Kent, Powhatan, Prince George, and Sussex; and the Independent Cities of Colonial Heights, Hopewell, Petersburg, and Richmond.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Peoples Advantage Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #17464
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD5.15%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$70.1MM$70.3MM
LoansQ3 2018vs Q3 2017$45.8MM$39.1MM
DepositsQ3 2018vs Q3 2017$64.4MM$64.7MM
Equity CapitalQ3 2018vs Q3 2017$6.4MM$6.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$773.00K$672.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$700.00K$594.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Peoples Advantage Federal Credit Union Savings Account Rates

0.25%--IRA Share Accounts
0.10%$500-Shares Account
0.10%--Kat's Shares

Peoples Advantage Federal Credit Union Money Market Rates

1.21%*$50k*-Money Market Shares
OTHER TIERS: 1.00% $2k - $50k

Peoples Advantage Federal Credit Union Checking Account Rates

0.05%$1k-Share Drafts Account

Peoples Advantage Federal Credit Union CD Rates

3.03%$1k-60 Month CD
2.78%$1k-48 Month CD
2.42%$1k-36 Month CD
2.12%$1k-24 Month CD
1.81%$1k-12 Month CD
1.66%$1k-9 Month Payday Certificate
1.51%$1k-6 Month CD
1.51%$1k-9 Month Payday Certificate
1.00%$1k-3 Month CD
1.00%$1k-3 Month Payday Certificate

Peoples Advantage Federal Credit Union IRA Rates

3.03%$1k-60 Month IRA
2.78%$1k-48 Month IRA
2.42%$1k-36 Month IRA
2.12%$1k-24 Month IRA
1.81%$1k-12 Month IRA

Peoples Advantage Federal Credit Union Locations
Branch Office110 Wagner RdPetersburg, VA 23805-9303
Branch Office10001 Courtview LnChesterfield, VA 23832
Branch Office2801 Conduit RdColonial Heights, VA 23834-2971
Branch Office6620 W Broad St Bldg 2Richmond, VA 23230

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