Update:

In accordance with Executive Order 146,  beginning Monday,  June 29th anyone that enters our branches will be required to wear a mask. Disposable masks will be provided for anyone that does not have their own. In order to help prevent the spread of COVID-19,  our branch lobbies are currently limited to appointments only.  For more information about our response to COVID-19 or to schedule an appointment,  click here. 

With our world becoming increasingly more reliant on technology and the internet, every single day we make decisions about whether to do things “behind our screens” or “in real life.” Whether it is shopping for a new pair of shoes, catching up with an old friend or even banking, there are options available to do all of these things at the convenience of your fingertips.

Although your retirement may seem like light years away, it’s wise to create a retirement budget and work with a financial advisor to determine if you’re on track. Why? Only two out of three workers feel confident about having enough money during retirement, with only 17% feeling very confident according to the 2019 Retirement Confidence Survey. They also found that today’s workers feel behind in retirement savings and are planning on working longer to make up for it. To help you prepare for this important life milestone, here are our tips on how to create a retirement budget.

If you’ve been paying your mortgage for a while, you’ve probably built up some equity in your home. Maybe you’ve heard of a home equity line of credit or home loan, but you might not understand why it would be an option for you. At Piedmont Advantage Credit Union, we’ve put together an intro to home equity and how you can use it to finance your life events.

What do car accidents, house fires, and layoffs all have in common? They’re all unexpected, uncontrollable, and urgent life events that occur in our world every day. What you can control about these situations is the emergency money you save to prevent these situations from having a negative impact on your financial status.

An emergency savings fund is a safety net that can help cover unexpected expenses without breaking your budget or taking on debt. Emergency savings are meant to be kept separate from your other long-term savings goals and only used in case of an emergency.

Everyone’s financial situation is unique, so while you may receive financial advice online or from a friend or family member – you will not get the customized and expert guidance that you will from a professional financial advisor. If you think financial advisors are just for the wealthy, think again. Financial advisors, like those from Piedmont Advantage Credit Union, can help when you are approaching major life changes, you are self-employed, and more. To determine if you need a financial advisor, read on.          

As we track the latest updates to the coronavirus (COVID-19) pandemic, we want to share some of the changes that we are putting in place to follow the latest CDC and North Carolina Department of Health guidelines and best practices. The following information can be found at pacu.com/covid-19. Please use this resource for the most up-to-date information about PACU services as th ...

Congrats – you’re buying a new home! Your home search may have taken you from vibrant main streets to quiet cul-de-sacs and leafy country lanes. You may have looked at dozens of handsome ranches and stately Colonials, vintage Victorians and trendy townhouses. And finally, you’ve found that perfect place to call home. But don’t celebrate just yet because the search isn’t over: now it’s time to figure out how to select a mortgage lender. Specifically, you need to know how to pick a mortgage lender that offers more than just an attractive interest rate so that buying a home is as easy and stress-free as possible.

In a follow-up to yesterday’s communication, I want to share additional information with you about your credit union:  For the most up-to-date information on how we are protecting our members and staff, please explore our website with dedicated COVID-19 information at www.pacu.com/covid-19. Please utilize this resource and feel free to share it with other members. Our goal i ...

A thousand bucks is a lot of money. Put that in your wallet and it can buy plenty of groceries, gasoline, electronic gizmos and other items that you either need or enjoy. But the fact is, most U.S. homeowners spend more than $1,000 a month on just one thing: their monthly mortgage payment. Although experts warn families to not spend more than 30% of their income on housing, sometimes we find ourselves stretched a bit thin.

Outside of moving into a less expensive place, what can you do? The good news is there are various steps you can take to reduce your mortgage payment. In many cases, your local financial institution, like Piedmont Advantage Credit Union, can assist you in your efforts to wrestle with this big budget item.

Piedmont Advantage Credit Union (PACU) continues to focus on the health and wellness of our members and employees amid the growing concerns of the coronavirus (COVID-19). We certainly hope this message finds you and your family well as our world has changed since our communication from last week. All of our communications on COVID-19 can be found online at www.pacu.com/covid-19 ...

Piedmont Advantage Credit Union in North Carolina offers valuable banking solutions including checking accountssavings accountsmortgagesauto loansCDsIRAs and more. Bank online, with our mobile app, or visit one of our conveniently located branches in Winston-SalemEdenMooresvilleCharlotteGreensboroWilmington, Kenansville and Fayetteville, NC.

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