Peoples Advantage Federal Credit Union
Petersburg, VA
- UEI
- WDYGDVE66KH1
- CAGE
- 7MS65
- Primary NAICS
- 522130 Credit Unions
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Other
- 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 .
Grant awards
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About the company
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
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 CAGE code?
Peoples Advantage Federal Credit Union's CAGE code is 7MS65, and its Unique Entity ID (UEI) is WDYGDVE66KH1.
What is Peoples Advantage Federal Credit Union's most recent federal award?
Peoples Advantage Federal Credit Union's most recent federal grant award is 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
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