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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.


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