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Peoples Advantage Federal Credit Union


Overview / Commentary
www.peoplesadvfcu.org
804-748-3081
110 Wagner Rd
Petersburg, VA 23805

Peoples Advantage Federal Credit Union is headquartered in Petersburg and is the 53rd largest credit union in the state of Virginia. It is also the 1,941st largest credit union in the nation. It was established in 1966 and as of December of 2020, it had grown to 29 employees and 9,917 members at 3 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.
See current membership details

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Health
B+

Data as of Q4 2020

Learn why bank health matters
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
Employees29
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD5.28%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$83.1MM$71.0MM
LoansQ4 2020vs Q4 2019$43.3MM$50.8MM
DepositsQ4 2020vs Q4 2019$75.0MM$64.6MM
Equity CapitalQ4 2020vs Q4 2019$7.8MM$7.0MM
Loan Loss AllowanceQ4 2020vs Q4 2019$627.00K$832.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$876.00K$950.00K
Real Estate OwnedQ4 2020vs Q4 2019$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
Corporate Office30230 Orchard Lake RdFarmington Hills, MI 48334

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