Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Piedmont Advantage undergoes restructuring
WINSTON-SALEM, N.C. (3/13/12)--Piedmont Advantage CU, based in Winston-Salem, N.C., says it is restructuring positions to streamline its business and reflect the changing financial services environment.

The $214.4 million asset credit union, headquartered in Winston-Salem, N.C., is eliminating some positions  while enhancing or adding others to reflect changes in today's financial services environment.

It told the Winston-Salem Journal (March 9) that collections services are being outsourced, which affected some jobs.  CEO Judy Tharp told the publication that 11 employees were let go. However, some have the opportunity to apply for redesigned positions or new ones, such as mortgage loan positions, which the credit union expects to fill within a month.


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
9 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
11 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
12 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
13 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
13 hours ago