At a glance
From its website, read 3 Nov 2026Peoples Advantage Federal Credit Union is a credit union based in Petersburg, Virginia. Its website describes auto loans, credit-builder loans, small-dollar emergency loans and 4 other loan types. Stated loan amounts run from $500 to $250,000. Where it lends: Petersburg and Richmond, Virginia communities. Consumer loan APRs stated on its site range from 4.49% to 10.49%. It says it considers borrowers with low or no credit history. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.peoplesadvfcu.org |
| Office (official list) | 110 Wagner Rd PO Box 3180, Petersburg, VA 23805 |
What their website says about applying
Visit our Financial Empowerment Center in Petersburg or Richmond, Virginia, and get moving towards your dreams.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 3 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate: from 6.1% APR | 6.10% APR* | source |
| Loans (general) | Rate: from 7.5% APR | 7.50% APR** | source |
| Loans (general) | Rate: from 9.95% APR | 9.95% APR* | source |
| Auto / vehicle loans | Rate: from 4.49% APR | 4.49% APR* | source |
| Auto / vehicle loans | Rate: from 4.99% APR | 4.99% APR* | source |
| Personal / consumer loans | Rate: from 10.49% APR | 10.49% APR* | source |
| Credit-builder loans | Term: see their wording | Term: Up to 12 months | source |
| Personal / consumer loans | Term: up to 5 yr | Get a personal loan and borrow up to $30,000 with flexible term options up to 60 months | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Minimum credit score: 580
The minimum credit score for buying a home through this program is 580
source - No or thin credit history considered
Alternative credit is accepted when no credit score is present
source - Low or damaged credit considered
We believe in giving people with less-than-perfect credit a second chance for lending needs.
source - Income limit applies
Income limits apply*
source - First-time homebuyer program
First-time home-buyer assistance
source - Homebuyer education required
A homebuying educational workshop is required and provided by Peoples Advantage FCU
source - Membership required
Membership eligibility is required.
source - Collateral flexible or not always required
It is an unsecured loan, meaning it does not require collateral
source - Collateral required
This is a personal loan that requires some type of collateral
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Credit union |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 23 Jul 2026 |
| RSSD ID | 442589 |
| Address | 110 Wagner Rd PO Box 3180, Petersburg, VA 23805 |
| Website | www.peoplesadvfcu.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 3 Nov 2026Read from 12 pages of the lender's website on 3 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | — | Whether you're buying a new or used car, truck, or SUV, we take the time to understand your situation and find financing that actually fits it. | source |
| Credit-builder loans | $500 – $1,500 | Borrow between $500-$1,500 | source |
| Small-dollar / emergency loans | — | When you need some extra cash for groceries, car repairs, or anything in between, Fast Cash can help! | source |
| Microloans | $5,000 – $50,000 | A business microloan is a small, short-term loan designed to help startups and small businesses cover essential expenses typically ranging from $5,000 to $50,000. | source |
| Home mortgages | up to $250,000 | The maximum loan amount is $250,000, while funding lasts. | source |
| Personal / consumer loans | up to $30,000 | Get a personal loan and borrow up to $30,000 with flexible term options up to 60 months and a low fixed rate. | source |
| Small-business loans | — | Secured or Unsecured Business Lines of Credit | source |
Loan sizes
Borrow between $500-$1,500
sourcetypically ranging from $5,000 to $50,000
sourceborrow up to $30,000 with flexible term options up to 60 months
sourceThe maximum loan amount is $250,000, while funding lasts.
source
Range used for the size filter: $500 to $250,000
Service area
Petersburg and Richmond, Virginia communities
we work with the Petersburg and Richmond, Virginia communities
source
Counties this matches: Chesterfield County, VA, City of Richmond, VA, Henrico County, VA, Petersburg City, VA
Borrower focus
- First-time homebuyers
equip first-time homebuyers with the knowledge and confidence needed going into buying and financing their first home.
source - Low- and moderate-income / underserved
It means that we work to provide financial services for savings and lending for people living in lower-income designated areas.
source - Startups
Ideal for startups, new businesses, or those with limited credit history.
source
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Apply for a Loan
source
Pages read (12)
- https://www.peoplesadvfcu.org/
- https://www.peoplesadvfcu.org/auto-loans
- https://www.peoplesadvfcu.org/loan-rates
- https://www.peoplesadvfcu.org/personal-loans
- https://www.peoplesadvfcu.org/mortgage-loans
- https://www.peoplesadvfcu.org/home-equity-loans
- https://www.peoplesadvfcu.org/advantage-home-loan
- https://www.peoplesadvfcu.org/small-business-suite
- https://www.peoplesadvfcu.org/loan-application
- https://www.peoplesadvfcu.org/lending
- https://www.peoplesadvfcu.org/credit-rebuilder-loans
- https://www.peoplesadvfcu.org/savings-rates
Questions to ask when you contact them
Based on what their website said when we read it on 3 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- How do I become a member, and is there a fee or a minimum deposit?
Credit unions lend only to their members. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$8.6 million in 5 awards from the U.S. Treasury's CDFI Fund, 2021–2024 (CDFI Equitable Recovery Program; CDFI Program, Technical Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Technical Assistance | $300,000 |
| 2022 | CDFI Equitable Recovery Program | $6,197,097 |
| 2022 | CDFI Program, Technical Assistance | $125,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2021 | CDFI Program, Technical Assistance | $125,000 |
Emergency Capital Investment Program (ECIP)
Treasury invested $10 million in this institution under ECIP, by buying preferred stock or subordinated debt (an investment, not a grant; it is not counted in the award total). ECIP type on the list: CDFI. Source: U.S. Treasury ECIP participant list (last updated Mar 2025), downloaded 3 Nov 2026.
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
NCUA, 30 Jun 2026On file with the NCUA as PEOPLES ADVANTAGE (charter 17464). Source: NCUA 5300 Call Report quarterly data (public data) as of 30 Jun 2026, downloaded 3 Nov 2026: total assets, members and branch addresses.
| Total assets | $115.3 million (as of 30 Jun 2026) |
|---|---|
| Members | 9,585 (as of 30 Jun 2026) |
| Offices | 3 (as of 30 Jun 2026) |
Offices by state and county (3)
Virginia (3 offices)
- Colonial Heights (city County (1): 2801 Conduit Rd, Colonial Heights 23834
- Henrico County (1): 3601 Dill Rd, Richmond 23222
- Petersburg City (1): 110 Wagner Rd, Petersburg 23805 (main office)
An office shows where the lender has a branch, not where it lends or whom it lends to. Credit unions serve members only; check who can join. For the ZIP-code search, credit-union offices are placed at the centre of their ZIP code (approximate).
What the regulator filing shows
NCUA 5300, 30 Jun 2026Figures from the 5300 Call Report filed by Peoples Advantage Federal Credit Union (NCUA charter 17464, filed as “PEOPLES ADVANTAGE”). Source: NCUA 5300 Call Report quarterly data (public data), cycle 30 Jun 2026; year-earlier figures from the 30 Jun 2025 cycle; downloaded 3 Nov 2026.
| Total loans and leases | $59.4 million, 6,613 loans (as of 30 Jun 2026) |
|---|---|
| Change over the year | Up 9.0% from $54.5 million on 30 Jun 2025 |
| Members | 9,585 (as of 30 Jun 2026); 9,250 (as of 30 Jun 2025) |
| Loans per member | $6,192 (total loans divided by members, 30 Jun 2026) |
| Total assets | $115.3 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| New vehicle loans | $2.4 million | 4.1% |
| Used vehicle loans | $19 million | 32.0% |
| First-lien home mortgages (1-4 family) | $16 million | 27.0% |
| Other real estate loans (junior liens, other) | $8.5 million | 14.3% |
| Commercial (business) loans | $1.2 million | 2.1% |
| Credit cards | $3.1 million | 5.2% |
| Other unsecured loans | $7.4 million | 12.5% |
| Leases and other secured loans | $1.7 million | 2.8% |
Balances are loans outstanding on the report date, not loans made during the year. A category with no balance does not mean the credit union never makes that kind of loan. Credit unions lend to members only; check who can join.
Home loans reported under HMDA (2025)
FFIEC HMDA data, 2025Peoples Advantage Federal Credit Union reported 72 originated home loans for 2025 under the Home Mortgage Disclosure Act, totaling about $4.5M (median loan about $50,000).
By loan purpose
| Purpose | Loans | Share |
|---|---|---|
| Refinance (incl. 11 cash-out) | 17 | 24% |
| Home improvement | 32 | 44% |
| Other purpose | 23 | 32% |
By loan type
| Loan type | Loans | Share |
|---|---|---|
| Conventional | 72 | 100% |
Included above: 4 loans on manufactured homes.
Where the loans were made
Counties with the most 2025 originations, out of 15 counties with at least one; 93% of its 2025 loans were for properties in Virginia:
- Chesterfield County, VA (12)
- Dinwiddie County, VA (12)
- Petersburg City, VA (11)
- Hopewell City, VA (7)
- Henrico County, VA (6)
- Prince George County, VA (6)
- Sussex County, VA (4)
- Colonial Heights (city County, VA (4)
Filed under LEI 25490039PWHR3LPL6D62 as “PEOPLES ADVANTAGE FEDERAL CREDIT UNION”; matched by its RSSD ID on the CDFI Fund list, which the HMDA reporter panel links to this LEI.
Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $250,000 | Other credit unions whose website states a maximum: median $60,000. Higher than the stated maximum of 72% of these 64. |
| Total assets (Call Report, 30 Jun 2026) | $115.3 million | Larger than 39% of the 284 other certified credit unions nationwide (median $182.7 million). |
| Loans as a share of assets | 51% | Median of the same 284 credit unions: 70%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $54.5 million → $59.4 million (+9%) | Median change of 282 other certified credit unions nationwide: +3%. Rank by loans held among these 283: 183 → 181. |
| Home loans originated in 2025 (HMDA) | 72 | More than 32% of the 263 other certified CDFIs that reported 3 or more (120 at the median). Volume only; nothing here is an approval rate. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other credit unions stating a maximum, nationwide | 64 | higher than 72% |
| Call Report total assets | other certified credit unions nationwide | 284 | larger than 39% |
| Loans held then vs now | certified credit unions nationwide reporting both dates | 282 | rank 183 → 181 of 283 |
| HMDA home loans | certified CDFIs with 3+ originations in 2025, nationwide | 263 | more than 32% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
Same loan type, nearby, lower stated rate
Certified CDFIs whose head office is within 50 miles of this one and whose own website states a starting rate at least 0.5 points lower for the same loan type. Consumer loans count only where both lenders state an APR. A starting rate is not an offer: ask each lender what you would pay, and check that it lends where you are (credit unions also require membership).
- Auto / vehicle loans (this lender states from 4.49%): RVA Financial Federal Credit Union from 3.99% (26 mi, read 2 Nov 2026)
- Personal / consumer loans (this lender states from 10.49%): RVA Financial Federal Credit Union from 8.49% (26 mi, read 2 Nov 2026)
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section). Home loans: FFIEC/CFPB HMDA data. Stated rates: each lender's own website, read on the date shown.
Other certified CDFIs in Petersburg and Virginia
- Appalachian Community Capital CorporationLoan fund · Christiansburg, VAVerified
- Bridging Virginia IncLoan fund · Richmond, VASmall-business loansVerified
- Business Seed Capital, Inc.Loan fund · Roanoke, VASmall-dollar / emergency loansVerified
- Capital Impact PartnersLoan fund · Arlington, VACommercial real estate loans, Nonprofit / community facility loansVerified
- Community Investment CollaborativeLoan fund · Charlottesville, VAMicroloans, Small-business loansVerified
- Democracy FCUCredit union · Alexandria, VAAuto / vehicle loans, Credit-builder loans, Small-dollar / emergency loans, Personal / consumer loansVerified
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