Peoples Advantage Federal Credit Union


Overview / Commentary
804-748-3081
110 Wagner Rd
Petersburg, VA 23805

Peoples Advantage Federal Credit Union is headquartered in Petersburg and is the 52nd largest credit union in the state of Virginia. It is also the 1,910th largest credit union in the nation. It was established in 1966 and as of March of 2021, it had grown to 28 employees and 10,008 members at 2 locations. Peoples Advantage Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Peoples Advantage Federal Credit Union is open to anyone who lives or works 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, or Sussex or the Town of Ashland, City of Colonial Heights, City of Hopewell, City of Petersburg, or the City of Richmond. Immediate family are also eligible.
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Health
B+
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

Overall
NCUA #17464
Year Chartered1966
Employees28
Primary Regulator
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD14.88%
Annual Interest Income$835.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$90.7MM$74.0MM
LoansQ1 2021vs Q1 2020$40.7MM$48.8MM
DepositsQ1 2021vs Q1 2020$82.8MM$68.4MM
Equity CapitalQ1 2021vs Q1 2020$8.0MM$7.2MM
Loan Loss AllowanceQ1 2021vs Q1 2020$498.00K$798.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$607.00K$859.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Peoples Advantage Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Shares Account
0.05%--IRA Share Accounts
0.05%--Kat's Shares

Peoples Advantage Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$75k*-Money Market Shares
OTHER TIERS: 0.15% $2k - $20k | 0.20% $20k - $75k

Peoples Advantage Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Share Drafts Account

Peoples Advantage Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%*$50k*-60 Month CD
OTHER TIERS: 1.01% $1k - $50k
1.11%*$50k*-60 Month KAT’s CD
OTHER TIERS: 1.01% $100 - $50k
0.80%*$50k*-48 Month CD
OTHER TIERS: 0.70% $1k - $50k
0.80%*$50k*-48 Month KAT’s CD
OTHER TIERS: 0.70% $100 - $50k
0.70%*$50k*-36 Month CD
OTHER TIERS: 0.60% $1k - $50k
0.70%*$50k*-36 Month KAT’s CD
OTHER TIERS: 0.60% $100 - $50k
0.60%*$50k*-24 Month CD
OTHER TIERS: 0.50% $1k - $50k
0.60%*$50k*-24 Month KAT’s CD
OTHER TIERS: 0.50% $100 - $50k
0.45%$1k-12 Month CD
0.45%$1k-12 Month Save to win
0.45%$100-12 Month KAT’s CD
0.40%$1k-9 Month Payday Certificate
0.35%$500-6 Month CD
0.35%$1k-6 Month Payday Certificate
0.35%$100-6 Month KAT’s CD
0.25%$500-3 Month CD
0.25%$1k-3 Month Payday Certificate
0.25%$100-3 Month KAT’s CD

Peoples Advantage Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%*$50k*-60 Month IRA
OTHER TIERS: 1.01% $1k - $50k
0.80%*$50k*-48 Month IRA
OTHER TIERS: 0.70% $1k - $50k
0.70%*$50k*-36 Month IRA
OTHER TIERS: 0.60% $1k - $50k
0.60%*$50k*-24 Month IRA
OTHER TIERS: 0.50% $1k - $50k
0.45%$1k-12 Month IRA
Locations


Peoples Advantage Federal Credit Union Locations
Branch Office110 Wagner RdPetersburg, VA 23805-9303
Branch Office2801 Conduit RdColonial Heights, VA 23834-2971

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