Applications / Mortgage Analytics / Lenders / North Carolina / Piedmont Advantage Credit Union
Winston Salem, NC · Credit union · NCUA · $387 million assets · 83 loans in 2025
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83
loans originated, 2025
145
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Piedmont Advantage Credit Union is a North Carolina credit union whose home lending is almost all home improvement and other borrowing against existing homes, and it grew faster than most similar lenders in 2025.
Only 4.8% of its loans were for buying a home. Some 45.8% were for other purposes, 31.3% for home improvement and 18.1% refinances. Its typical loan was $65,000, against $95,000 at similar lenders, credit unions making between half and twice as many loans. That is smaller than at more than four in five of them, as small loans for work on a home would suggest.
Its typical rate was 8.00%, against 6.75% at similar lenders, higher than at nearly all of them. Loans for home improvement and other purposes, which make up most of its book, often carry higher rates than first mortgages, which may account for most of the difference.
It made 83 loans, up 30% on 2024, faster than similar lenders (7%) and the whole market (10%). In Winston-Salem its share rose to 0.1%, ranking it 173 of 465 lenders; State Employees' Credit Union leads there. Its volume has moved between 52 and 87 loans a year since 2018, so one year's rise says little about a trend.
Some 38.0% of its loans went to low- and moderate-income borrowers, against 30.5% at similar lenders, higher than about seven in ten. Its share in majority-minority neighborhoods, 14.5% against 9.1%, is a little above the middle.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Piedmont Advantage Credit Union took 145 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 45.8% · Home improvement 31.3% · Refinance 18.1% · Purchase 4.8%
Conventional 100.0% · of 83 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| North Carolina | 75 | 90.4% |
| South Carolina | 6 | 7.2% |
| Pennsylvania | 1 | 1.2% |
| Virginia | 1 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Charlotte-Concord-Gastonia | 34 |
| Winston-Salem | 30 |
| Greensboro-High Point | 8 |
| Hickory-Lenoir-Morganton | 3 |
| Durham-Chapel Hill | 1 |
| Pittsburgh | 1 |
| Richmond | 1 |
| Spartanburg | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493002BRQ8SVQPCV108 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 298599 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 560160 | 2007–2017 |
Established 1 January 1949. Reported under HMDA 2007-2025.
Mergers, name changes, data editions and corrections: Piedmont Advantage Credit Union's data.
Piedmont Advantage Credit Union's data
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Piedmont Advantage Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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