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

Peoples Advantage Federal Credit Union is headquartered in Petersburg and is the 58th largest credit union in the state of Virginia. It is also the 1,980th largest credit union in the nation. It was established in 1966 and as of December of 2018, it had grown to 38 employees and 9,239 members at 4 locations. Peoples Advantage Federal Credit Union's money market rates are 3X the national average, and it has a C+ 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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Health
C+
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
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD5.44%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$69.2MM$69.8MM
LoansQ4 2018vs Q4 2017$47.6MM$40.2MM
DepositsQ4 2018vs Q4 2017$63.4MM$64.0MM
Equity CapitalQ4 2018vs Q4 2017$6.2MM$6.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$777.00K$716.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$922.00K$741.00K
Real Estate OwnedQ4 2018vs Q4 2017$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
0.25%--IRA Share Accounts
0.10%$500-Shares Account
0.10%--Kat's Shares

Peoples Advantage Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%*$75k*-Money Market Shares
OTHER TIERS: 1.21% $2k - $20k | 1.31% $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
3.30%*$50k*-60 Month CD
OTHER TIERS: 3.03% $1k - $50k
3.09%*$50k*-48 Month CD
OTHER TIERS: 2.84% $1k - $50k
2.89%*$50k*-36 Month CD
OTHER TIERS: 2.63% $1k - $50k
2.68%*$50k*-24 Month CD
OTHER TIERS: 2.42% $1k - $50k
2.12%$1k-12 Month CD
2.12%$1k-12 Month Save to win
1.66%$1k-9 Month Payday Certificate
1.51%$1k-6 Month CD
1.51%$1k-6 Month Payday Certificate
1.00%$1k-3 Month CD
1.00%$1k-3 Month Payday Certificate

Peoples Advantage Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%*$50k*-60 Month IRA
OTHER TIERS: 3.03% $1k - $50k
3.09%*$50k*-48 Month IRA
OTHER TIERS: 2.84% $1k - $50k
2.89%*$50k*-36 Month IRA
OTHER TIERS: 2.63% $1k - $50k
2.68%*$50k*-24 Month IRA
OTHER TIERS: 2.42% $1k - $50k
2.12%$1k-12 Month IRA
Locations


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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