# PIEDMONT CREDIT UNION
DANVILLE, VA · NCUA charter 66971 · asset band $50-100M · latest filing 2017-12 · stopped filing after 2017-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/piedmont-credit-union-66971

Who the members are: state charter, organized 1969. 10,455 members of 65,000 potential (16.1% of the field); checking penetration 40% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *stressed*. Composite score 11 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $61.5M |
| Members | 10,455 (-1.8% YoY) |
| Full-time staff | 22 |
| Net worth | $3.6M |
| Net worth ratio | 5.9% (p0 of band) |
| ROA (annualized) | -2.09% (p1 of band) |
| Total delinquency | 3.57% (p98 of band) |
| Net charge-offs (annualized) | 2.31% (p99 of band) |
| Loans / shares | 52% (p28 of band) |
| Cash / assets | 22.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.58% (p77 of band) |
| Operating expense / assets | 5.61% (p95 of band) |
| Vehicles % of loans | 63% (p86 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p26 of band) |
| Vehicle delinquency | 4.98% (p99 of band) |
| Vehicle NCO | 2.09% (p95 of band) |
| Repossessed % of vehicle book | 0.32% (p93 of band) |
| Real estate % of loans | 17% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 18% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 42% |
| Certificates % of member funds | 40% |
| Average share balance | $3,483 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 25% |
| Average loan balance | $5,931 |
| Loans granted, annualized | $9.4M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **capital below 7%** (`cap_critical`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **margin squeeze** (`earn_nim_squeeze`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, delinquency 2x band, repo signal, auto monoline |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 5 | charge-offs p90 |  |
| 2016-12 | 5 |  |  |
| 2017-03 | 8 | losing money, margin squeeze, loan book shrinking |  |
| 2017-06 | 9 | net worth falling |  |
| 2017-09 | 9 |  |  |
| 2017-12 | 11 | capital below 7%, expense trap | repo signal |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-26 [Piedmont Advantage members approve merger with Truliant - WXII](https://news.google.com/rss/articles/CBMihgFBVV95cUxPS1ppMm8zZkpwVjBzWHRHN2ktZnJUc055VVI3WDNTck43VTFRY2dnX2V0MG5pbTBuVm9UamNhdkVfUnlUMENwUXUzS3dWNUJUbFdZQzFTX01qa25FOHhfWWExMEtyUmU1M0I2dXJTbkZjUXI2WDl4dmc5dWZfNmpCcm14Uk01Zw?oc=5) · WXII
- 2026-08-26 [Piedmont Advantage Members Vote Yes to Merge with Truliant - Eastern Progress](https://news.google.com/rss/articles/CBMi1wFBVV95cUxObjlEaFNhekExUjNKV1dZaEdpTXc1aFdfOUZ5bklVdTU3amctT0JkVmoxTk96d1VPaXVHNi1tLUk3UzFHbDdzSHc4X0xrS2pUUVJoX2FHcHJldkZsMDJiMVFVUVpkVlQxVmpjVi1md1ZIeVFwcFZ1d1I0SUcza0lHakFkOFdJdkswT1VnbGlEZkdlRU5MLV8yOVN2VVBiT0hrWXpXNTlmd3ktTzBtMkZQcW5PemNldVpGSEdmSS1BVS1xc3hhcDJ4OF9NM2xrZFVJM3Y2ZWMwaw?oc=5) · Eastern Progress
- 2026-08-26 [UPDATED: Real estate shuffle coming as Piedmont, Truliant merge - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxQV1VSaEV1VDZ1UW1TMkNDN2RxZUJDRjM4UGJrVHE2andJYzdhWW5ralR6VlNDNXFDQ2Y1dFh2VC1nb3gwSXhxbllZS3JTNUlURnZVd2Z3YzZrZTRzeVVwYy1SY09tMWRwWlluTUxKcnZ2TWE5SDNLdmFFVVFnRW90R0x0TjlGMjFqeVRQMldoNUl0aHVld2Vhb2swR1BLZXRvOExfQnJ6RQ?oc=5) · The Business Journals
- 2026-09-01 [Truliant Completes Acquisition of Troubled N.C. Neighbor - CUTimes](https://news.google.com/rss/articles/CBMilAFBVV95cUxOY2c4V2cyWEV4Nl9zS2FGN0J2T1N4LTZHZ2RSZWRyQnNNQmVTbGhzR1lINFBvbEV4UG1GNno4bnp1NGFidUJmUm9rek5QV0MySVBfbEI2R2lHTE93Q2NxajR1N0E2cWk2S0hEalFKZFRLY2FkQzlLdVZlSXlVSU5aQmloZUdCYnRRaEZQeW5ieXlUQXY3?oc=5) · CUTimes
- 2026-04-22 [Piedmont Advantage merging into Truliant for $6B CU - Business North Carolina](https://news.google.com/rss/articles/CBMif0FVX3lxTE9GTzNnQXdVYjJFV1pyVF9PdWNZUFhTTS1YUmF5MzVxeGRNTkhZT04xYjZkcnlPTUdRT2I1emxYZEZwaWFrTURzdzJxWG9WYWxldmQtVDdDN2hmekcwX0ZlRXA0MWVRTHFzME56WTV0VnREVDAxUXVvcFFQR3ktakU?oc=5) · Business North Carolina
- 2026-04-22 [Piedmont Advantage Credit Union to Combine with Truliant - GlobeNewswire](https://news.google.com/rss/articles/CBMixwFBVV95cUxQVTRSRFhTaFVTRFE5WTlPNktucjFEM2VtRWY5SC0wT3cteDM3Q25RZmo2TEZDc1o0eE9NZjd4TjZaT080bExpRWZidnc0aVcyZGd1NVpIQWNfN0lvdXRhNmtxaWpwcmtMSldrNE0tclRfTWRLRUR2dkotaHp5YS1ybFpUQzF4YWFSSlo3dVJPVXhaUzJuanZTcC03c1hFRzM2djIwa3FYanlHSVo3S1NWWDlickpGRi1DYUo4aEsycEd2alhBZ0tN?oc=5) · GlobeNewswire
- 2026-04-22 [Truliant, Piedmont Advantage Strike Deal To Create $6-Billion CU - cutoday.info](https://news.google.com/rss/articles/CBMioAFBVV95cUxQa1pTVHFTTmFIX3NENWo5aVY2eTl4UU8wTktEYzdESF9XcW9yMHBWRlN5cW1DZ3dlMDVseldiN3RwWmpzRzBva0gzUDRERXYyMy1rT1F6TWg0eTNOaGdEekpHLTZ2MW1nMTVzVnc0Y25XUTNzSFNPN2FQRUVKNTJvR3VaLWVWeV9wYVJVRFN2WXR5eGQ0NVFWX2xBZ3ZxdHdW?oc=5) · cutoday.info
- 2026-04-22 [Truliant Federal Credit Union and Piedmont Advantage Credit Union Agree to Merge in $6 Billion Combination - citybiz](https://news.google.com/rss/articles/CBMi3AFBVV95cUxNeWt3NG1tMTl4dFE5ZHBHQWZoMHluZGNTd0F4OHVzMTd3WUtBY2VvVkhXRzR6bEhTeUFjb21SVE1HY2k3SC1XeDA0MTdfZ0xVRDVoNDJDTnI0eEdBczlwMUMtdUFkUkFEaFIwbG1Ecm9BTHBwZkpGWHBBOEN4dkJydzlfYml0NWR1bGIxVW5uUWpzMTZaX0hOYUpTb3J5WDd2aDdOd245bkt2aG5YWmY4RmRXMk1sWkJOVU1sYVNrMi16U19mWVhEQUlaM01TQVljLXp5ckhKOWN6VVo0?oc=5) · citybiz

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66971 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/27.json (key "66971", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=66971
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide