The Piedmont Advantage Credit Union offers its members a wide range of services, including checking, savings and investment accounts, as well as loans for home equity, first and second mortgages, and automobiles, recreational vehicles and airplanes. Lines of credit, along with signature, secured and share loans round out business offerings by the credit union, and customers have a variety of ways to access their accounts, including online, text and mobile options.
Customers who wish to bank with Piedmont Advantage Credit Union must first join the nonprofit financial organization as a member. Eligibility extends to those who live, worship, work or attend school in select North Carolina communities, including Bladen, Columbus, Iredell and Rockingham counties. Employees of certain companies around those areas also receive automatic membership upon request. All family members of credit union members also receive membership upon request as well.
Since this financial organization operates on a nonprofit basis, it touts low rates for loans and limited fees for services. As of December 2015, loans rates for automobiles through this credit union run as low as 2.9 percent for both new and used models, and rates for second mortgages dip down to 4.99 percent. Savings account rates currently run 0.1 percent, while interest checking runs 0.05 percent. Accounts that maintain a cumulative balance of $100 throughout the month incur no monthly fees, and the first five debit card transactions at non-network ATMs are free each month.