Merry Christmas!

December 21, 2007

Here’s wishing all of our members and friends a Merry Christmas and a Wonderful Holiday Season!

We’ll be opened Friday, the 21st(that’s today), and we’ll be opened until 12:30pm on Christmas Eve.  The credit union will be closed on Christmas Day and the day after Christmas.

Remember we’re still collecting items for our local homeless shelter until the end of the year! Click here for a list of items they could use.

Here are a few photos from our recent Piedmont CU staff and volunteers Christmas Party. It was alot of fun and the jazz band was really good too. Here also are photos of our first “Christmas at the Credit Union”. (There wasn’t time for many photos because we were really busy!)


The Market, a Refreshing Little Grocery Store

December 21, 2007

The other day I had the pleasure of visiting The Market, The Marketwhich is a part of Dan Valley Food Service(which is also a member group of Piedmont CU). The store didn’t feel like a typical grocery store. It felt like I was walking into the past, like I was following my mom around Chuck’s Supermarket in early 1980’s downtown Sandston, VA, only on a bigger scale. I guess I’ve been going to major grocers and using self checkout so much that I’d forgotten what it’s like to shop at a more down to Earth store run by real people who live in the same town as me. The selection was good, the prices were better than most stores. The customer service was outstanding. If you live on the East side of Danville or in Ringgold I’d highly recommend stopping by, it could probably reduce your regular grocery bill. They’re located on Kentuck Road just past the Intertape plant.

I see our credit union in sort of the same light at this store. We’re not the big national bank or a even a giant-sized credit union, but we work everyday to serve our members, offering good, affordable financial services that will benefit them. At first, most people are surprised when they see the long list of quality services we offer. That’s how I felt when visiting the Market. After one visit I’m a fan. So thanks to all our fans who help to make our credit union great place to be part of! But if you’ve never given us the chance to earn your business I hope you’ll soon give us that chance. Or if you used to be a fan and something went wrong, I hope you’ll give us a second chance to make it right.

Have a Merry Christmas!

What not to do at Christmas (or any time of year).

December 14, 2007

For most of us the Holiday Season and the weeks after it are usually pretty tight financially. There are gifts to buy, regular bills, and then there are those non-regular bills like taxes or insurance. This year my family even has the added pleasure of paying a $1,500 deductible for a recent hospital stay. At times like these when bills are piling up and it’s nearing that overwhelming point, it can be very tempting to consider an alternative like a “quick cash” place. This type of debt is a bad idea. If you don’t believe me then look at this video interview with a woman who used to run a Payday Loan store.

If you’re financially exhausted then it’s a good idea to sit down and work on a financial plan. Here are a few characteristics your plan might include:

  • It doesn’t have to be complicated, simpler is usually better.
  • It will probably show how much money you expect to make over the next several weeks. It should also involve planning how to spend that money. This is probably the most important step. But be prepared to face the possibility that the money coming in is not enough to cover what needs to go out! If that’s the case don’t panic. This is why you’re making a plan, to figure out how you are going to make it through.
  • It might include contacting the places you owe money to and making arrangements to pay over time. That’s what I’m going to ask our local hospital about! 😉
  • It might include making an appointment to sit down with someone at the credit union for some honest financial counseling and advice or to look into re-structuring your existing debts.
  • Lastly, if your plan does involve a loan here at crunch time, consider the different options available to you before getting it and be sure that the new payment will not put too much of a burden on you either in the short-term or in the long-term. A credit union Christmas loan has a very low interest rate(9.5%), can be paid back over 12 months, and you don’t have to borrow the whole amount.

The credit union wants you to be prosperous all year long. If you’re struggling, tell us. We’ll listen to your story. And we’ll try to offer real help. So have a Merry Christmas but remember to resist the temptation to go overboard on spending, and not to rush into any loans or purchases. Most of all, avoid taking those high interest loans or Payday Loans. The only people such loans benefit are the executives who own the Payday Loan stores.

A Special Day at the Cordan Branch

December 13, 2007

Today was “Credit Union Member Appreciation Day” at our Piedmont CU Cordan Branch! It was great to visit with all the employees at the Corning plant in Danville. Thanks to all of you for hanging out at the credit union today! Congrats to Wiladene K, Robert A, Winston B, and Charles D who were winners in the prize drawing. For those in the cafeteria who were wondering if your chances increased by folding your entry, you were right! All four winners had folded entry forms. One was folded diagonally.

Our Cordan branch has such a long history. The Cordan Federal Credit Union was one of the first credit unions established in Danville. For decades it served Corning employees as well as any credit union could. A few years ago it joined up with Piedmont Credit Union. Perhaps a future blog post will be an interview with some of the directors and staff of the original Cordan FCU. We’re so glad to be welcomed at Corning and hope that Corning has a long and successful future in Danville.

Two great reasons to stop by Piedmont Credit Union before year end.

December 7, 2007

1) For members who stop by one of our branches during this month, we’re giving away 2008 calendars. They have lovely landscape scenes from across America. The December ’07 photo is pictured at the bottom of this post. You had best hurry on over because they’re are going quickly!

2) Also at our two branches, until year end, we’re collecting items for The Homeless Shelter in Danville. While homelessness does not appear to be a rampant problem in Danville, our local homeless shelter stays plenty busy. Their director, Cindy Hill, says that during and after the Holidays there is usually an increase in those who are temporarily without a place to stay. Here is a list of items that they have an ongoing need for:

  • Canned Cola
  • Instant Oatmeal
  • Cup Soups
  • Razors
  • Coffee and Hot Chocolate
  • Pop-top Foods (like Chef Boyardee)
  • Laundry and Automatic Dishwasher Detergent
  • Trash Bags
  • Women’s Personal Items

Mrs. Hill says that an important need in the winter is money. This is due to the increased energy costs that come with heating the building. We’re not collecting money at the credit union so if you are interested in helping The Homeless Shelter in this way you may contact Cindy Hill directly at (434)799-3671. She is also very appreciative of groups that want to prepare or bring meal for a group of 5-15 people.

Here’s that photo from the 2008 calendar:

Grand Teton National Park, Wyoming