Press
Piedmont Advantage named the Fastest Growing Credit Union in North Carolina
Membership, Loan, and Deposit Growth Vault Piedmont Advantage to the Top
PIEDMONT, NC (June 24, 2015) — Skilled planning and excellent execution shaped an incredible year of growth and change for Piedmont Advantage Credit Union. In recognition of their hard work, enterprise, and foresight, Business North Carolina magazine recognized Piedmont Advantage as the fastest growing credit union in North Carolina in 2014. In a state focused on the financial sector, Piedmont Advantage jumped five spots to round out the Top 40 in the Financial 100 of North Carolina’s largest banks and credit unions. It also ranked 9th in the category of Fastest Growth in Assets, remarkable in today’s highly competitive field of financial services.
Piedmont Advantage Credit Union achieved its success in a time of both a continuing sluggish economy and shrinking margins. Judy R. Tharp, President/CEO, spoke of the credit union’s strategy to shine. “2014’s new economy, along with Piedmont Advantage’s unveiling of a new ‘member experience’ model made for a monumental year of growth in deposits and loans. Over 11,000 new memberships were opened, through both organic means and through other credit unions’ members joining through merger and spinoff.”
Piedmont Advantage Credit Union has scored major victories in a slowed-down economy. They earned it by determination, relationship building, and wisdom. The future shines bright for such a discerning financial institution.
About Piedmont Advantage Credit Union
Piedmont Advantage Credit Union is a member-owned, cooperative financial institution headquartered in Winston-Salem, NC with over $300MM in assets. The Credit Union serves over 45,000 members across the country and around the world through its online product offerings and extensive network of shared branching and CO-OP ATMs. Piedmont Advantage Credit Union currently operates in 9 North Carolina branch locations, with 5,000(+) Credit Union Service Center branches, and 30,000(+) surcharge-free CO-OP ATMs locations nationwide. For more information, visit: www.pacu.com.