About Piedmont Credit Union

What is a Credit Union? How is it different? Who can join? Here you will find answers to these questions and much more!

History of Piedmont Credit Union

In 1969 Matt Nelson, a Danville teacher, organized a small group of local teachers to form the Danville Education Association Credit Union. This brand new credit union served the financial savings and lending needs of this small group. ... keep reading...

What is a Credit Union?

A credit union is a place that helps you save money in many different ways.  You can also borrow money from the credit union or have a checking account there too.

Below is a list of commonly asked questions about Piedmont Credit Union and credit unions in general.

How is a credit union different from just another bank?

Who Can Join Piedmont Credit Union?

Membership in any credit union is limited.  You are eligible for membership in Piedmont Credit Union if you live, work or attend worship or school in the city of Danville, VA or the counties of Pittsylvania and Halifax in Virginia.   You may also join the credit union if someone in your immediate family is already a member regardless of where you live or work.  (Immediate family is defined below.)

So if you are eligible, click here to read about how to join! ... keep reading...

How to Join Piedmont Credit Union

To join Piedmont Credit Union we first need to determine if you are eligible.  If you're not sure if you can join, click here to read "Who Can Join?". You can always call or email with questions about membership.

There are several ways to join Piedmont Credit Union.  Of course you may come to one of our offices to complete the necessary paperwork.  Additionally we try to come to you by making annual visits to our various member groups. ... keep reading...

Credit Union Volunteers

Board of Directors

The credit union board of directors is comprised solely of volunteers from the membership of the credit union.  They meet at least once per month and set the overall course of the credit union.  They are elected at our Annual Meeting and serve two year terms.  Each credit union member may cast a single vote regardless of how much they actually use the credit union. The board also appoints various committees that help operate the credit union.

Privacy Policy

Piedmont Credit Union is owned by its members and run by a board of directors you elect.  You can be confident that your financial privacy is a top priority of this credit union.  We are required by law to give you this privacy notice to explain how we collect, use, and safeguard your personal financial information.  If you have any questions, please
contact a member service representative at (434)797-1954.

Click attached file below to viewor print our privacy policy.

Fee Schedule

While your credit union tries to avoid charging fees for our services whenever possible, there are times when fees are incurred.  Sometimes certain transactions cause the credit union to have to pay a fee, and in those cases we charge fees to offset the cost of this. ... keep reading...

Funds Availability Policy Disclosure

This Disclosure describes your ability to withdraw funds at Piedmont Credit Union. It only applies to the availability of funds in transaction accounts. The Credit Union reserves the right to delay the availability of funds deposited to accounts that are not transaction accounts for periods longer than those disclosed in this policy. Please ask us if you have a question about which accounts are affected by this policy. ... keep reading...