Peoples Advantage Federal Credit Union

Headquarters

P O Box 3180
Petersburg, VA 23805
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.60% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Peoples Advantage is an NCUA insured institution located in Petersburg, VA. It was founded in 1966 and has approximately $98.44 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 17464
Date Established 1966
Assets $98.44 million
Loans $50.08 million
Deposits $75.67 million
Capital $22.21 million
 

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.

Deposit Rates - April 19, 2024

Your Current Location: Virginia, VA 20146

We do not yet have rates for Peoples Advantage

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Advertiser Disclosure

Loan Rates - April 19, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Peoples Advantage

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.818% 6.625% 1.00 $6,400 $2,049 Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.994% 6.875% 0.63 $3,901 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
MortgageResearch.com
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Peoples Advantage
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Peoples Advantage branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Peoples Advantage Locations



Climate Policy and Initiatives

PEOPLES ADVANTAGE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Peoples Advantage Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Peoples Advantage. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Peoples Advantage U.S. Average
4.25% 6.97

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2023, Peoples Advantage had $815,458 in non-current loans and $154,103 in owned assets. To cover these potential losses it had $22,207,572 in net worth and $584,006 in loans loss reserves. That gives it a Texas Ratio of 4.25%.

Net Worth
Peoples Advantage U.S. Average
22.51% 13.62%

Peoples Advantage FCU has a net worth of 22.51% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Peoples Advantage

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