Overview / Commentary
Piedmont Advantage Credit Union is headquartered in Winston Salem and is the 15th largest credit union in the state of North Carolina. It is also the 847th largest credit union in the nation. It was established in 1949 and as of June of 2024, it had grown to 91 employees and 30,458 members at 6 locations. Piedmont Advantage Credit Union has a B health rating.
Field of Membership Restrictions
Piedmont Advantage Credit Union membership is open to those who live, work, worship, attend school ,or operate a business in the North Carolina counties of Davie, Forsyth, Guilford, Iredell, Mecklenburg, or Rockingham. Employees of more than 80 SEGs are also eligible to join.
See current membership details
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Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60160 |
| Year Chartered | 1949 |
| Employees | 91 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.57% |
| Return on Equity - YTD | -11.17% |
| Annual Interest Income | $7.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $397MM$402.3MM |
| Loans | Q2 2024vs Q2 2023 | $265MM$270.7MM |
| Deposits | Q2 2024vs Q2 2023 | $355MM$370.1MM |
| Equity Capital | Q2 2024vs Q2 2023 | $20.1MM$21.4MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $493K$1.2MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.3MM$1.4MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |