Coins Newsletter - Summer 2012

In this issue...


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What's the Difference Between Piedmont CU and Other Institutions?

When you look at Piedmont Credit Union from the street it isn’t always apparent what makes it different from any run of the mill bank.  There is a drive-thru, an ATM, a night drop, friendly tellers and helpful loan officers; all the things you expect to find at a ‘bank’.  However, Piedmont Credit Union is most certainly NOT a bank.

Now, we’re not going to be offended if you commonly refer to us as “your bank.”  But did you know that you own your credit union?  Yes, it’s true, you own a piece of the 50 million dollar enterprise that is Piedmont Credit Union.  Banks, regardless of their size, are owned by and exist to make a profit for their shareholders or stockholders.   However, the profits earned by your credit union get passed right back to you, the member, in the form of lower loan rates, better savings rates and constantly improving services.

Your credit union is democratically controlled.  An elected Board of Directors makes the most important decisions and sees that the credit union staff are performing their duties in managing the credit union.  Board members volunteer their time and skill to this task and are open to your feedback.  As one of many owners of Piedmont Credit Union you have a say in how things are done.  In fact we consider it each member’s responsibility to share their talents, ideas and concerns with the group.  There are several other committees on which members may serve as well.  If you are interested, please let us know!

Piedmont Credit Union is devoted to helping you manage your finances better.  Member education is an integral part of our culture as a cooperative financial institution.  Keep a lookout for upcoming events such as shred day, credit seminars and homebuyer seminars.  This newsletter usually contains at least one article about financial management.  Since you are Piedmont Credit Union, your success = our success!

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Find Your Money Space

Over the last few weeks I’ve been taking a course in Financial Social Work.  It’s all about taking control of your financial life and how your finances affect every other aspect of your life.  One thing in particular jumped out at me as I was reading through the very first booklet.

Many people feel overwhelmed by their finances.  They are scared and intimidated by the thought of sitting down to try and figure out a way to make things better.  If that is you then consider finding or creating a money space.  This is a space in your home (or outside the home) that is designated as the place where you actively manage your finances.  It needs to be organized and tidy as well as warm and inviting.  Consider it a safe place where you are not allowed to think negative thoughts about how poorly you may have managed your money up to this point.  Rather, put on some nice music that helps you relax.  Then sit down and look at your financial situation objectively.

Once you’ve found or created a money space, find the time to use it.  As a rule of thumb it’s a good idea to spend at least one hour per week managing your finances.  This is true even if you don’t have much to handle.      After all the bills are paid and accounts balanced you can spend time thinking of ways to save more money for college or retirement.  Or you could think of ways to teach your children about handling money and plan for their future.

Again, do not allow those thoughts of past failure and feelings of inadequacy prevent you from doing what is best for you in the here and now.  By taking steps to become more organized and proactive you will begin to build the confidence you need to once again feel in control of your money.

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Christmas... In August?

Yes, your credit union is thinking about Christmas already.  You see, every year the City of Danville has a theme for its Christmas Parade which they share with the community in late summer.  This gives businesses and organizations time to put together those amazing floats that you see riding down Main Street at Christmastime.

If you would like to be a part of putting together another amazing, award winning float we would love for you to join our team.  There are many ways to be a part.  So if you can dream big, swing a hammer, operate an electric stapler, hold things up, take pictures, or just keep everyone entertained & fed, then come on and be a part!  Perhaps you have resources such as a shelter or garage to build in,  or some leftover scrap wood from another project.  Whatever way you would like to be a part, it is always welcome!

If you’re interested contact Dan Veasey at the credit union.  You can call 434-797-1954 ext 301 or e-mail dan@piedmontcu.org.

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2nd Annual Build A Better World Disc Golf Tournament

The stage is set for our 2nd Build A Better World Disc Golf Tournament!  This years event will be held on Saturday, September 8, 2012.  All proceeds will once again benefit the local Danville-Pittsylvania County Habitat for Humanity.  Habitat shares our vision of fighting poverty by breaking cycles of debt and financial instability.

For full tournament details and to register yourself or a team of four, visit www.piedmontcu.org/discgolf.

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Win a 2012 Honda Civic!

The Credit Unions Care Foundation of Virginia is hosting a raffle for a brand new 2012 Honda Civic!  Tickets are available for purchase at Piedmont Credit Union for just $25 each.  Only 5,000 tickets will be sold across the entire commonwealth of Virginia. 

This raffle supports the efforts of the Credit Unions Care Foundation of Virginia which, in turn, supports the charitable efforts of credit unions across Virginia.  A portion of the proceeds will also benefit the Childrens Miracle Network.

You may also purchase tickets at this link... https://www.piedmontcu.org/node/519

The foundation is a 501(c)(3) charitable organization founded by Virginia's credit unions.

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Dr. Harold Henry Scholarship Recipients

The Piedmont Credit Union Scholarship committee is pleased to announce the scholarship winners for 2012.  After an extensive anonymous review of eleven applications two individuals stood out from the rest in their commitment to excellence in academics and community.  Congratulations to Morgan Williams and Carrie Hartgrove!  Both are rising freshmen and have bright futures ahead of them.

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What Have You Done To Better Your World Today?

Recently the Chatham Star Tribune published an article about four DCC alumni who were honored for doing great things in their lives.  One of them was Matt Nelson III.  His is a touching story about how his military credit union helped him travel home across the country when his mother passed away.  Other sources of financing turned him down, but his credit union helped when others would not.  It meant so much to Matt that he vowed to one day work towards starting a credit union.  He did just that.  In fact, he was such an important part of Piedmont Credit Union that some even referred to it as “Matt Nelson’s Credit Union.”  The truth is that Piedmont Credit Union belongs to all of its members, but it is also quite true that it would not be what it is today without the vision and dedication of Matt Nelson and others like him.

Take a moment to visit the Chatham Star Tribune’s website and read the whole story of this ordinary man who did something to make his world better.  If you are a member of Piedmont Credit Union then think about this: Matt’s story is still being written with every new loan, every new account, every credit union member who benefits from smart, affordable financial services.

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Employee Anniversaries & Milestones

Congratulations to the following who celebrated anniversaries at Piedmont Credit Union.

  • Deborah Powell - 17 years
  • Amanda Foster - 3 years
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Upcoming Events and Holidays

  • Independence Day - Wednesday, July 4, 2012 - PCU Closed
  • Pros vs. Joes Celebrity Football Game -  Friday, July 27, 2012, 6:30pm
  • MDA Lego Build Off - Saturday, August 4, 2012, 10am-1pm
  • Homebuyer and Credit Workshop - Tuesday, August 21, 2012, 6:00pm
  • Labor Day - Monday, September 3, 2012 - PCU Closed
  • Build A Better World Disc Golf Tournament - Saturday, September 8, 2012
  • Last Day to Buy Honda Civic Raffle Tickets - Monday, September 24, 2012
  • Honda Civic Raffle Drawing - Sunday, September 30, 2012
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