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336-776-1700
3810 N Liberty St
Winston Salem, NC 27105

Piedmont Advantage Credit Union is headquartered in Winston Salem and is the 13st largest credit union in the state of North Carolina. It is also the 818st largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 81 employees and 40,653 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?



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Piedmont Advantage Credit Union had $2.74 million in non-current loans and owned real-estate with $31.73 million in equity and loan loss allowances on hand to cover it. This gives Piedmont Advantage Credit Union a Texas Ratio of 8.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Piedmont Advantage Credit Union experienced no significant changes from 6.71% as of December 31, 2012 to 8.65% as of December 31, 2013, resulting in a negative change of 28.93%. This indicates that the balance sheet and financial strength for Piedmont Advantage Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Piedmont Advantage Credit Union has increased its total deposits by $7.08 million, resulting in 3.6% 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.

Capitalization

GRADE:
A+

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 $234.55 million in assets with $31.73 million in equity, resulting in a capitalization level of 13.53%, which is excellent.

Institution Statistics

Overall
NCUA #60160
Year Chartered1949
Employees81
Primary Regulator
Assets and Liabilities
Assets$234.55 million
Loans$171.18 million
Deposits$203.57 million
Equity Capital$30.00 million
Loan Loss Allowance$1.73 million
Unbacked Noncurrent Loans$2.75 million
Real Estate Owned$0
Historic Data - December 2012
Assets$230.74 million
Equity Capital$30.41 million
Loan Loss Allowance$1.58 million
Unbacked Noncurrent Loans$2.75 million
Real Estate Owned$51,000
Profit Margin - Quarterly
Net Interest Margin4.32%
Return on Assets0.22%
Return on Equity1.71%
Interest Income$8.56 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Piedmont Advantage Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Piedmont Advantage Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.15%$50k-Money Market

Piedmont Advantage Credit Union Checking Account Rates

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

Piedmont Advantage Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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
0.14%--60 Month CD

Piedmont Advantage Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
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
Locations


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