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3810 N Liberty St
Winston Salem, NC 27105

Piedmont Advantage Credit Union is headquartered in Winston Salem and is the 12st largest credit union in the state of North Carolina. It is also the 740th largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 82 employees and 44,623 members. Piedmont Advantage Credit Union has a A+ health rating.

Field of Membership Restrictions

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Reviews (1)

Worst Bank

Do not get a loan from this bank! You can't pay online, it is a service charge of $6 or $7 to pay by card over phone, you can't pay at an ATM, and they got rid of monthly statements with payment stubs so you have to just send a check to Winston-Salem with your loan number and hope they apply it to the right account. A check from from a family member was accidentally sent to the Mooresville branch and they lost it causing my payment to be late. Then (our fault it was late) we received a call saying we owed lets say $180 when our monthly payment was 100. The total was 100 for the previous month and 80 for the upcoming payment date. Turns out we actually had a credit! They had called so much that they didn't even give time for payments to process! Banks go through situations like this all of the time. How are they so clueless?


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Piedmont Advantage Credit Union had $1.63 million in non-current loans and owned real-estate with $31.82 million in equity and loan loss allowances on hand to cover it. This gives Piedmont Advantage Credit Union a Texas Ratio of 5.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Piedmont Advantage Credit Union decreased slightly from 6.81% as of March 31, 2013 to 5.12% as of March 31, 2014, resulting in a positive change of 24.78%.This indicates that the balance sheet and financial strength for Piedmont Advantage Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Piedmont Advantage Credit Union has increased its total deposits by $40.9 million, resulting in 19.8% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Piedmont Advantage Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Piedmont Advantage Credit Union has $279.05 million in assets with $31.82 million in equity, resulting in a capitalization level of 11.40%, which is excellent.

Institution Statistics

NCUA #60160
Year Chartered1949
Primary Regulator
Assets and Liabilities
Assets$279.05 million
Loans$197.27 million
Deposits$247.47 million
Equity Capital$30.17 million
Loan Loss Allowance$1.66 million
Unbacked Noncurrent Loans$1.63 million
Real Estate Owned$0
Historic Data - March 2013
Assets$237.86 million
Equity Capital$30.25 million
Loan Loss Allowance$1.44 million
Unbacked Noncurrent Loans$1.63 million
Real Estate Owned$51,000
Profit Margin - Quarterly
Net Interest Margin1.06%
Return on Assets0.04%
Return on Equity0.38%
Interest Income$2.31 million

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Piedmont Advantage Credit Union Savings Account Rates

0.40%$50k-IRA Account
0.10%--Savings Account
0.10%--Personal Select
0.10%--Christmas Club
0.10%--Vacation Club

Piedmont Advantage Credit Union Money Market Rates

0.15%$50k-Money Market

Piedmont Advantage Credit Union Checking Account Rates

0.05%$100-Interest Checking
0.05%--Silver Advantage Checking

Piedmont Advantage Credit Union CD Rates

1.40%--60 Month CD
1.20%--48 Month CD
1.05%--36 Month CD
1.00%--30 Month CD
0.75%--24 Month CD
0.50%--18 Month CD
0.45%--12 Month CD
0.25%--6 Month CD
0.20%--3 Month CD

Piedmont Advantage Credit Union IRA Rates

1.40%--60 Month IRA
1.20%--48 Month IRA
1.05%--36 Month IRA
1.00%--30 Month IRA
0.75%--24 Month IRA
0.50%--18 Month IRA
0.45%--12 Month IRA
0.25%--6 Month IRA
0.20%--3 Month IRA

Piedmont Advantage Credit Union Locations
Branch Office4700 Yorkmont RdCharlotte, NC 28208
Branch Office3810 N Liberty StWinston Salem, NC 27105
Branch Office3815 Park AveWilmington, NC 28403-6720
Branch Office174 Liberty squareKenansville, NC 28349
Branch Office139 S Cardigan WayMooresville, NC 28117
Branch Office212 E Kings HwyEden, NC 27288
Branch Office5501 Josh Birmingham Pkwy Ste 3120Charlotte, NC 28208
Branch Office4997 Home RdWinston Salem, NC 27106
Branch Office3400 Battleground Ave # AGreensboro, NC 27410
Branch Office676 Hanes Mall BlvdWinston Salem, NC 27103