2025-11-17T12:50:39-05:00 2024-12-31 561138530 BUTLER BURKE LLP 100 CLUB OAKS COURT SUITE A WINSTONSALEM NC 27104 990 2024-01-01 566048494 PIEDMONT ADVANTAGE CREDIT UNION PIED 8004337228 3530 ADVANTAGE WAY WINSTONSALEM NC 27103 DION WILLIAMS PRESIDENT/CEO 3367448617 2025-11-12 true false JANE R POTTER P01057495 3367682310 2025-11-12 2024 2025-03-06 01:10:19Z DION WILLIAMS 3530 ADVANTAGE WAY WINSTONSALEM NC 27103 22629226 false X WWW.PACU.COM X 1949 NC PROVIDE THRIFT SAVINGS AND LENDING SERVICES TO MEMBERS OF COOPERATIVE CREDIT UNIONS. 8 8 120 11 996391 0 18353940 17373187 2877529 3037065 190002 0 21421471 20410252 3831 4829 0 8232588 7861478 0 0 13843684 14778275 22080103 22644582 -658632 -2234330 389505933 387143173 367946349 367632554 21559584 19510619 EMPOWER OUR TEAMMATES TO WORK WITHIN THE COMMUNITIES WE SERVE SO THAT OUR MEMBERS HAVE ACCESS TO AFFORDABLE CREDIT AND FINANCIAL SERVICES NEEDED TO GROW AND SUSTAIN THEIR WEALTH AND FINANCIAL LIVELIHOOD. false false THE CREDIT UNION OFFERS VALUABLE BANKING SOLUTIONS TO OVER 30,000 MEMBERS. WITH ACCESS TO OVER 5,000 BRANCHES WITHIN THE SHARE BRANCH NETWORK AND 35,000 SURCHARGE-FREE ATMS, MEMBERSHIP IS OPEN TO INDIVIDUALS, WHO RESIDE, WORK OR WORSHIP IN ONE OF THE EIGHT COMMUNITIES THE CREDIT UNION SERVES IN NORTH CAROLINA OR WHO ARE EMPLOYED BY ONE OF ITS EMPLOYER COMPANIES. IN ADDITION, THE CREDIT UNION IS COMMITTED TO SOCIAL RESPONSIBILITY DIVERSITY INCLUSION TO POSITIVELY IMPACT THE COMMUNITY AND STATE. false false false false false false false false false true true false false true true true false false false false false false false false false false false false true false true false false false false false false false false false true false false true 21333 0 true 120 true true true false false false false false false false X 8 8 false false false false false false true true true false true true false true true true true true true true false X THE ORGANIZATION 8004337228 3530 ADVANTAGE WAY WINSTONSALEM NC 27103 DION WILLIAMS PRESIDENT/CE 40.00 X 380757 0 28706 FITZHUGH LEE MCMURRY SR FINANCIAL 40.00 X 200033 0 18274 JEANETTE STARK CLO/GENERAL 40.00 X 190990 0 22250 CARLA HOOKER SR FINANCIAL 40.00 X 187861 0 11214 SANDY MILTON COO 40.00 X 145848 0 13463 ROBERT PAYNE CTO 40.00 X 139499 0 13277 KIM ADKINS AVP MARKETIN 40.00 X 124501 0 16359 CHERYL MORRELL VP/CONTROLLE 40.00 X 120120 0 12434 CHARLES F SKARA CFO 40.00 X 117703 0 14360 DARREN CRANFILL DIRECTOR 1.00 X 0 0 86 MARK LINVILLE DIRECTOR 1.00 X 0 0 86 BRYAN MYERS DIRECTOR 1.00 X 0 0 86 DIANA SANTOS-JOHNSON DIRECTOR 1.00 X 0 0 86 TOM MEKIS CHAIRMAN 1.00 X X 0 0 86 MARK SAUNDERS SECRETARY 1.00 X X 0 0 79 STEVE GILLILAND END SEPTEMBER VICE CHAIRMA 1.00 X X 0 0 64 GEORGE PRICE DIRECTOR 1.00 X 0 0 35 JUSTINE LERCH DIRECTOR 1.00 X 0 0 23 1607312 150968 12 false true false INTEREST ON LOANS 522100 12300593 12300593 FEES 524298 2476373 2476373 OTHER PROGRAM REVENUE 522100 1567206 1567206 CUSO FINANCIAL SERVICES 522100 648487 648487 SVC WARRANTY AND GAP INC 522100 299966 13500 286466 80562 19124 61438 17373187 3140065 3140065 2115574 400 2218974 -103400 400 -103000 -103000 20410252 16376796 996391 3037065 4829 6414766 208950 764941 472821 29035 62015 241744 343664 245680 2813427 917161 41764 4651 4290952 645425 14015 OPERATING FEES 1681374 INTERCHANGE EXPENSE 1221756 LOAN SERVICING 755043 EQUIPMENT MAINTENANCE 373197 1097372 22644582 0 0 0 1784195 2405374 9734948 26913171 2670261 2763713 264600206 259927611 2270883 4290448 17966057 7262636 11261946 10703421 81347813 68143464 3005973 3026233 13763 12815945 8969738 389505933 387143173 479070 1021035 20000000 367467279 346611519 367946349 367632554 X 21559584 19510619 21559584 19510619 389505933 387143173 -2234330 185365 X false true X true false 2911540 2911540 9943136 3299998 6643138 671025 150879 520146 2951764 2451061 500703 1488592 1360698 127894 10703421 AVAILABLE-FOR-SALE INVESTMENTS 68143464 F 68143464 TOTAL SHARES AND DEPOSITS 345381456 RIGHT OF USE LEASE LIABILITIES 1230063 346611519 X 20595617 185365 185365 20410252 20410252 22644582 22644582 22644582 SCHEDULE D, PAGE 3, PART X THE CREDIT UNION IS EXEMPT BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THEIR EXEMPT PURPOSE. THE CREDIT UNION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS AN ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. IT IS THE OPINION OF MANAGEMENT THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE CREDIT UNION IS REQUIRED TO FILE A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990) ANNUALLY TO RETAIN ITS EXEMPT STATUS. THE CREDIT UNION IS ALSO REQUIRED TO FILE AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) FOR ANY YEAR UNRELATED BUSINESS INCOME EXCEEDS 1,000. THE CREDIT UNION'S FORM 990 FILINGS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS AFTER THEY ARE FILED. X X X X X false false false DION WILLIAMS PRESIDENT/CEO 355475 25282 1575 27131 409463 FITZHUGH LEE MCMURRY SR FINANCIAL ADVISOR 111266 88767 4990 13284 218307 JEANETTE STARK CLO/GENERAL COUNSEL 188631 2359 7709 14541 213240 CARLA HOOKER SR FINANCIAL ADVISOR 130091 57770 5058 6156 199075 SANDY MILTON COO 143605 2243 5849 7614 159311 ROBERT PAYNE CTO 137040 2459 5545 7732 152776 JUDY THARP FORMER CEO SPLIT DOLLAR LIFE INSURANCE X 1900000 2763713 false true true 2763713 FORM 990, PAGE 6, PART VI, LINE 7B PACU IS A MEMBER OWNED COOPERATIVE AND SIGNIFICANT DECISIONS SUCH AS MERGERS AND THE ELECTRIONS OF BOARD MEMBERS ARE VOTED ON BY THE ENTIRE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD REVIEWS AND ACKNOWLEDGES THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT THAT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON RECUSES HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION FOR THE PRESIDENT/CEO AND ALL KEY EMPLOYEES IS REVIEWED BY THE HUMAN RESOURCES COMMITTEE WHO RELIES UPON COMPARABILITY DATA FROM SIMILARLY SITUATED ORGANIZATIONS TO ENSURE REASONABLENESS. THE COMMITTEE'S DECISIONS ARE DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 15B SEE LINE 15A'S DISCLOSURE. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. PACU FOUNDATION 3530 ADVANTAGE WAY WINSTONSALEM NC 27103 844139152 CHARITY NC 501C3 7 N/A false false true false false false false false false false false false false false false true false false false false