Peoples Advantage
Peoples Advantage is a credit union based in Petersburg, Virginia, established in 1966, with $116 million in total assets serving 9,446 members. By Trust Grade it ranks 8th of 95 credit unions we track in Virginia. Its net worth ratio of 22.3% is stronger than 98% of similarly sized credit unions, versus a Virginia median of 11.9%. It was profitable over the most recent period, with a 6.54% return on assets. No consumer complaints against Peoples Advantage appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Peoples Advantage compares to Virginia peers
How we graded Peoples Advantage
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (22.3% capital ratio)
- Strongly profitable (ROA 6.54%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Peoples Advantage over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Peoples Advantage insured?
Yes. Peoples Advantage is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Peoples Advantage: frequently asked questions
Is Peoples Advantage a good credit union?
Peoples Advantage earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (22.3% capital ratio); Strongly profitable (ROA 6.54%).
Is Peoples Advantage NCUA-insured?
Yes. Peoples Advantage is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Peoples Advantage?
Peoples Advantage holds $116 million in total assets, ranking 8th of 95 credit unions we track in Virginia. It serves 9,446 members.
Does Peoples Advantage have CFPB complaints?
No CFPB complaints against Peoples Advantage appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
