Summer 2010 Newsletter

In this issue...


Read this newsletter online at http://www.piedmontcu.org/content/summer-2010-newsletter

Click here to download a pdf version of this newsletter. (1005KB)


Don't Forget to Touch Base With Us

If it has been some time since you last made a deposit to or a withdrawal from your PiedmontCredit Union account we may need to hear from you. If you have not made some type of transaction for a period of two years or more, your account becomes what is referred to as "dormant". Dormant accounts may be subject to a service fee of $25. If an account remains dormant for a period of five years the Commonwealth of Virginia requires us to send all the money in that account to the state treasury. We want your money to stay your money, so the credit union will attempt to notify you in writing prior to charging the dormant account fee or sending your money to the state treasury.

If you think your account might be dormant or on the verge of becoming dormant, go ahead and give us a call now and let us check on it for you. If your account is dormant we can help you re-activate it so that you may continue to use your Piedmont Credit Union accounts as you always have, even if that's just for keeping your money safe! and sound like we always have.

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Featured Savings Story

In each issue of coins we'll feature a Savings Story from our website.  You are invited to share your very own stories and experiences relating to money & savings at www.piedmontcu.org/savingsstory.

Thinking About A New Appliance?

The Commonwealth of Virginia recently implemented a rebate program to encourage residents to replace their old, inefficient appliances with new, efficient ENERGY STAR® qualified appliances.  You could save anywhere from $35 to $300 on your next appliance!  Eligible products include:

Click here to read the rest of this Savings Story online.

-Shared by Dan Veasey - Member Since 2003 (PCU Employees Since 2006)

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Book Review

Perhaps you saw our back page ad in the most recent weddings issue of All About Her, published by the Danville Register & Bee. The ad also appears here. →

Given that June marks the traditional start of the wedding season, it's time for some practical financial advice for couples. One book that couples might consider reading is Financially Ever After by the popular Wall Street Journal columnist Jeff D. Opdyke.

Financially Ever After is a book for couples who are married, considering marriage, engaged, or living together. Happily married himself, and having gone through a stage where he and his spouse used one shared checkbook and another where separate checkbooks were used, Opdyke speaks from experience as well as professional knowledge.

Beginning with ten questions each couple needs to ask each other (such as How do you use debt? What are your financial aspirations? How will we divide financial responsibilities?) Opdyke examines the emotional aspects of money and how finances can affect relationships as well as be used as excuses or cover-ups for the real issues… which are not always financial.

Covering the basics of budgeting and debt, every topic is examined from the relationship's point of view. The book gives couples more than a starting point and guide to get off to a solid start financially. It also provides guidance on approaching potentially uncomfortable discussions, such as previous debt and prenuptial agreements, respectfully and diplomatically. This is a must-read for any couple that is seriously considering joining their finances.

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Danville Braves Tickets

Whenever you start a new service with Piedmont Credit Union this summer you can get two free tickets to watch the Defending Appalachian League Champion Danville Braves! Tickets are good for any home game this 2010 season. New services include things like the following…

  • New E-statements signup
  • New Online Billpay signup
  • New Checking Account
  • New Loan
  • New Membership
  • New Share Certificate, Money Market, IRA, or Club Account
  • New Check Card or Credit Card (Re-orders are not eligible.)

Limit two tickets per member number.  You must ask for your free tickets at the time you start the new service.  This offer is good while supplies last.

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Employee Anniversaries

Congratulations to...

  • Deborah powell, 15 years
  • Miracle Hopkins, 1 Year
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Mark Your Calendar - Lemonade, Legos, and Football!

Holidays

  • Independence Day - PCU will be closed on Monday, July 5, 2010.
  • Labor Day - PCU will be closed on Monday, September 6, 2010.

July 23, 2010 - Lemonade Stand

Mmmmm… Good! Be sure to come by Piedmont Credit Union on the afternoon of July 23rd for a nice refreshing cup of lemonade! We'll have some friends over from the Boys and Girls Club of Danville to staff a Lemonade Stand. All proceeds will go directly to the Boys and Girls Club of Danville.

July 30, 2010 - Pros & Joes Celebrity Football Game & Festival

Come out and watch a team of local Joe's take on a team of former NFL Pros and current college players! This is the big finale for the annual Kids and Pros™ Football Camp whose mission is to develop character and skills through athletics. There will be fun for all ages including an interactive football theme park, competitive games, product displays and giveaways, and an NFL autograph session. Tickets are only $5 and are available at Piedmont Credit Union. Festivities start at 5:30pm at George Washington High School in Danville.

August 14, 2010 - MDA Lego® Build-Off

Get out your Legos® and start planning your award winning masterpiece! This is a fundraiser for the Muscular Dystrophy Association in which participants build their Lego® masterpieces and then show them at the event. Visitors to the Build-Off will contribute money towards the entries they like the most. There is no cost to enter your Lego® creation.

Prize categories for this year are "Most Money Raised", "Most Original", "Most Creative", "Most Complex", "Fastest Lego Robotic Masterpiece", and "Morgan's Favorite". The event will last from 10:00am to 1:00pm at the Institute for Advanced Learning and Research.

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Food for Thought

"Education is a special process.  Education is growth.  Education is, not a preparation for life; education is life itself."
~John Dewey


Introducing Financial Focus

On August 17, 2010 we'll host the first of an ongoing series of events geared at helping our membership and community to improve their financial lives. But we need your help! Please take a moment to respond to the survey here and let us know what future topics you would
be interested in.

The first topic on August 17th will be Basic Finance for Families. Whether you are a single parent or married with six children, you will learn skills and tips to save you money in everyday life.

Reserve your spot today!
Visit www.piedmontcu.org/financialfocus or call Dan Veasey at 434-797-1954 ext. 301 for more details such as times and locations. This event is free of charge and will last for approximately one hour with a personal, private question and answer time after that.

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