Question 1

What is Piedmont Advantage Credit Union?

Accepted Answer

Piedmont Advantage Credit Union is a state-chartered credit union headquartered in Winston-Salem, North Carolina. With approximately $386 million in assets and serving over 28,000 members, Piedmont Advantage operates 10 branches throughout its service regions in North Carolina. Founded in the aviation industry, the credit union has grown to serve a diverse membership across multiple counties while maintaining its commitment to member relationships and community involvement.

As a designated low-income credit union, Piedmont Advantage focuses on providing accessible financial services to underserved communities and working families throughout its service area.

Question 2

When was Piedmont Advantage Credit Union founded?

Accepted Answer

Piedmont Advantage Credit Union was founded on December 10, 1949, as Piedmont Aviation Credit Union. The credit union was established to serve employees of Piedmont Aviation and Piedmont Airlines, which had been incorporated in 1940 and launched its inaugural flight in February 1948. As the airline industry grew and provided essential jobs for servicemen and women after World War II, the need for employee financial services led to the credit union's formation.

The credit union began by providing small loans and savings accounts to aviation and airline employees. Over its 75-year history, the institution evolved and rebranded as Piedmont Advantage to reflect its expanding membership beyond the aviation industry. The credit union celebrated its 75th anniversary in 2024, marking three-quarters of a century of service to North Carolina communities.

Question 3

Where is Piedmont Advantage Credit Union headquartered?

Accepted Answer

Piedmont Advantage Credit Union is headquartered in Winston-Salem, North Carolina. The main office is located at 3530 Advantage Way, Winston-Salem, NC 27103. This facility serves as the primary administrative center and features dedicated member service areas, private offices for financial consultations, drive-thru services, and operational back-office space.

Question 4

Where does Piedmont Advantage Credit Union operate?

Accepted Answer

Piedmont Advantage Credit Union operates 10 branches throughout North Carolina. The credit union serves members in six counties: Davie, Forsyth, Guilford, Iredell, Mecklenburg, and Rockingham.

Membership is open to individuals who reside, work, worship, attend school, or operate a business in any of the six counties served, as well as employees of the credit union's many Select Employee Group (SEG) partners. Members also have access to over 5,000 shared branch locations nationwide through the CO-OP Shared Branching Network and more than 30,000 surcharge-free ATMs.

Question 5

What services does Piedmont Advantage Credit Union offer?

Accepted Answer

Piedmont Advantage Credit Union offers comprehensive financial services including share savings accounts, checking accounts, personal loans, auto loans, mortgages, and credit cards. The credit union provides modern digital banking solutions with online banking platforms and mobile apps for 24/7 account management.

Members have access to wealth management and investment services through CUSO Financial Services, L.P., a registered broker-dealer. The credit union also offers business banking services for commercial members. Through its branch network and CO-OP partnerships, members can conduct transactions at thousands of locations nationwide, providing convenience beyond the credit union's physical footprint.

Question 6

What makes Piedmont Advantage Credit Union unique?

Accepted Answer

Piedmont Advantage Credit Union's rich aviation heritage sets it apart, with roots deeply connected to the pioneering days of Piedmont Airlines and the post-war aviation boom. The credit union published a commemorative booklet titled "Blueprint of Resilience, Trust, and Belonging" for its 75th anniversary, emphasizing that the institution is built on connection and relationships rather than just financial transactions.

The credit union operates under the philosophy "More Than Banking. It's Belonging," focusing on creating community and meaningful member relationships. The PACU Foundation runs community initiatives including the Flying Colors Charity Fun Run, which raises funds for families overcoming financial hardship. Piedmont Advantage has received BBB accreditation and maintains an A+ rating, demonstrating its commitment to ethical business practices and customer service.

Question 7

What type of financial institution is Piedmont Advantage Credit Union?

Accepted Answer

Piedmont Advantage Credit Union is a state-chartered credit union regulated by state authorities and the National Credit Union Administration (NCUA), with charter number 60160. As a not-for-profit, member-owned financial cooperative, Piedmont Advantage operates democratically with each member having one vote regardless of account balance.

The credit union's cooperative structure means members are also owners, and any profits are returned to members through competitive rates, lower fees, and enhanced services. Membership requirements focus on geographic location within the six-county service area or employment with partner companies, making it accessible to a broad community of North Carolinians.

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About Piedmont Advantage Credit Union in the United States