Only certificates held at Piedmont Credit Union may be used for collateral. The rate is equal to exactly 3.00% above the dividend rate that the certificate is currently paying. For instance, if your certificate is earning 3.75% then your loan rate would be 6.75%. The amount borrowed cannot exceed the current balance of your certificate. All Loan Rates, Maximum Amounts, Terms, Payments, and Loan Approval are determined by several factors including but not limited to credit history, income, and other account relationships already established with Piedmont Credit Union.