Peoples Advantage Federal Credit Union
Petersburg, VA Peoples Advantage Federal Credit Union
- UEI
- WDYGDVE66KH1
- CAGE
- 7MS65
- Primary NAICS
- 522130 Credit Unions
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Other
- NAICS codes registered in SAM.gov
-
- 522130 Credit Unions Primary
- SAM.gov registration date
- Physical address
- 110 Wagner Rd, Petersburg, VA 23805, USA
- Website
- peoplesadvfcu.org
- Founded
- 1966
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Purpose: to promote economic revitalization and community development through technical assistance awards to build the… | Community Development Financial Institutions Fund | $300,000 | |
| Purpose: to provide grants to community development financial institutions (cdfis) for the following purposes 1) to… | Community Development Financial Institutions Fund | $6,197,097 | |
| Purpose: to promote economic revitalization and community development through technical assistance awards to build the… | Community Development Financial Institutions Fund | $125,000 | |
| Purpose: to promote economic revitalization and community development through investment in and assistance to… | Community Development Financial Institutions Fund | $125,000 | |
| Cdfi rapid response program award | Community Development Financial Institutions Fund | $1,826,265 |
About Peoples Advantage Federal Credit Union
Peoples Advantage Federal Credit Union is a not-for-profit community development financial institution located in Petersburg, Virginia, registered in the System for Award Management (SAM.gov) since 2016 with active registration through August 2025. As a community development corporation, the credit union focuses on providing financial services to underserved and low-to-moderate income populations, with a particular emphasis on expanding access to affordable lending, investments, and financial services for minority and Native American communities. The organization specializes in delivering targeted financial products and support through various federal grant programs, primarily working with the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund.
The credit union has received multiple federal grant awards totaling approximately $8.45 million between 2021 and 2024, primarily through the CDFI Program, Equitable Recovery Program, Rapid Response Program, and technical assistance grants. These awards support the organization's mission of economic development and financial inclusion by enabling expanded lending, grant-making, and investment activities in low-income and minority communities disproportionately impacted by economic challenges, including the COVID-19 pandemic. Specific grant objectives include building organizational capacity, providing technical assistance, increasing access to capital, and supporting economic self-determination in Native American and underserved communities. The grants fund critical activities such as personal and professional services, training, equipment acquisition, and developing tools to serve disadvantaged populations with unmet financial service needs. Each grant is structured to help Peoples Advantage FCU develop targeted financial products, enhance community investment strategies, and provide critical financial services to populations traditionally excluded from mainstream banking resources.
Quick answers
What is Peoples Advantage Federal Credit Union's UEI?
Peoples Advantage Federal Credit Union's Unique Entity ID (UEI) in SAM.gov is WDYGDVE66KH1.
What is Peoples Advantage Federal Credit Union's CAGE code?
Peoples Advantage Federal Credit Union's CAGE code is 7MS65.
What is Peoples Advantage Federal Credit Union's primary NAICS code?
Peoples Advantage Federal Credit Union's primary NAICS code is 522130 (Credit Unions).
Where is Peoples Advantage Federal Credit Union located?
Peoples Advantage Federal Credit Union's physical address in SAM.gov is 110 Wagner Rd, Petersburg, VA 23805, USA.
Is Peoples Advantage Federal Credit Union registered in SAM.gov?
Yes. Peoples Advantage Federal Credit Union's SAM.gov registration is active through March 19, 2027.
What is Peoples Advantage Federal Credit Union's most recent federal award?
Peoples Advantage Federal Credit Union's most recent federal grant award is Purpose: to promote economic revitalization and community development through technical assistance awards to build the… (231TA064232G), from Community Development Financial Institutions Fund, on November 21, 2024.
On GovTribe
See Peoples Advantage Federal Credit Union's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors