No stored Google rating available.
Piedmont Federal is a FDIC-insured mutual savings bank offering checking, savings, loans, and mortgages with over 100 years of local community focus.
Data compiled from public sources
Piedmont Federal Savings Bank has operated as a mutual financial institution for over a century, establishing itself as a community-focused lender. In 1935, the company became the 7th financial institution nationally to adopt a Federal Savings & Loan Charter, a milestone that reflects its early legitimacy and regulatory standing. The bank emphasizes its role in financing local community development alongside consumer and business banking services.
The bank offers a comprehensive suite of consumer and business banking products. For consumers, they provide checking and savings accounts with emphasis on personal service, mobile banking capabilities, and student accounts with zero fees. Their mortgage division has been voted best mortgage lender eleven years in a row by Winston-Salem Journal Readers Choice Awards.
For businesses, they serve sole proprietors, LLCs, corporations, and non-profits with listed lending and support. S. Government.
Piedmont Federal distinguishes itself through its mutual ownership structure, which emphasizes local reinvestment rather than shareholder profits. The company promotes personal relationships—"local people who know your name and answer when you call"—as a core differentiator against larger banks. They highlight zero-fee student accounts, mobile banking features including faster account access and easier check deposits, and partnerships like Banzai for financial education resources.
" The bank appears well-established and legitimately regulated, with clear FDIC insurance protections and a century-long operating history. However, the website does not disclose specific interest rates, fee structures, or detailed product terms, which limits assessment of competitive positioning. Geographic service area appears concentrated around North Carolina (references to Boone and Winston-Salem locations), so accessibility for non-regional customers is unclear.
The company positions itself as a relationship-focused alternative to transactional banking rather than a digital-first or rates-competitive leader.
This is state-level context for Banks consumers in Winston Salem, NC. It does not confirm that Piedmont Federal Savings Bank or this specific location is licensed.
State regulator
North Carolina Commissioner of Banks
Consumer protection
North Carolina Attorney General Consumer Protection Division
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Piedmont Federal Savings Bank processed 194 mortgage applications in 2023, with 88.1% recorded as approved across 1 states.
194
Applications
88.1%
Approval Rate
$242K
Avg Loan
1
States Served
Based on 194 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Piedmont Federal Savings Bank offers 14 services including Checking accounts with personalized service, Savings accounts, Mortgages (home purchase and refinance), Personal loans, Business loans and lines of credit, and 9 more.
Piedmont Federal Savings Bank has profile signals associated with Consumers in North Carolina seeking personalized mortgage and lending services with local relationship banking, Small business owners (sole proprietors, LLCs, corporations) prioritizing community reinvestment and local business support, Students and youth opening first banking accounts who benefit from zero-fee accounts and financial education, Borrowers seeking a mortgage lender with established track record and local experience context rather than national chains.
Key strengths: FDIC-insured deposits backed by full faith and credit of U.S. Government; Voted best mortgage lender eleven years in a row by Winston-Salem Journal Readers Choice Awards; Student accounts feature zero fees, savings, and rewards. Areas to consider: Website does not display specific interest rates or APYs for checking, savings, or loan products; No listed fee schedule published online; customers must contact branch for fee details.
In the Banks category, comparable providers include American Bank of the Carolinas, Skyla Headquarters, United Community Loan Office. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Piedmont Federal is profile signals for consumers and small business owners in the North Carolina area seeking relationship-based banking with emphasis on local community reinvestment and personalized service. The primary caveat is that specific product rates, fees, and digital capabilities are not transparently disclosed on the website, requiring direct customer contact, and the bank appears regionally limited rather than nationally accessible.
FDIC-insured community bank serving the Carolinas with local lending decisions, business loans, personal loans, and checking accounts through relationship banking.
Profile signals: Small business owners seeking commercial loans with local underwriting and relationship banking in NC, Individuals and families in the Carolinas wanting community-focused personal banking with local decision-makers
Skyla Credit Union is a full-service financial institution offering checking, savings, loans, credit cards, and business banking with digital-first services and fraud protection.
Google rating from 249 reviews
Profile signals: Credit union members seeking high-yield checking and savings accounts with digital banking convenience, Consumers interested in comprehensive financial services including lending and credit products from one institution
United Community is an FDIC-insured bank offering personal and business checking, savings, loans, mortgages, and wealth management across multiple locations.
Google rating from 1 review
Profile signals: Small to mid-sized business owners seeking listed lending (SBA, equipment, working capital), First-time homebuyers looking for down payment assistance and mortgage guidance
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
Read guide →A plain-English breakdown of what credit products, loans, and cards you can realistically get at every credit score level — from deep subprime to excellent.
Read guide →Learn exactly how to check your credit score for free using legitimate sources, understand the difference between soft and hard inquiries, and know your rights under federal law.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Piedmont Federal Savings Bank and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.