WINSTON-SALEM, N.C. –Two North Carolina credit unions have announced they are seeking to merge.
The $387.1-million Piedmont Advantage CU is seeking to merge into the $5.45-billion Truliant Federal Credit Union, with the two CUs saying they have signed a definitive agreement to combine. PACU’s membership must still vote on the merger.
When the merger is complete, the combined credit union will serve more than 360,000 members and operate more than 40 locations under the Truliant name and charter, the credit unions said in a statement.
The 28,000 member-Piedmont Advantage had $115,948 in net income and had net worth of 8.37% as of year-end 2025. Truliant FCU had net income of $49.7-million as of Q1 2026, with net worth of 14.19% as of the same date.
Additional Investment Touted
“The combination strengthens the cooperatives – each of which has been serving members for more than 70 years – and allows for more investment in member service and community-focused banking,” the credit unions said.
The two merger partners added that few, if any, layoffs are expected as part of this combination but added that some roles may evolve as teams align.
“This is an opportunity to build on what both organizations already do so well. By bringing our teams together, we can expand our impact and deliver even more meaningful value for the members we serve each day,” Truliant FCU President and CEO Todd Hall said in a statement. “We share the same values, the same commitment to people and community, and the same belief in doing what’s right for our members, and for each other.”
‘People-First Partnership’
Added Don Williams, president and CEO of PACU, in a statement, “This is a people-first partnership, grounded in shared values and a clear sense of purpose. It is a proactive, strategic decision that leverages our strengths and supports our evolution. We recognize an opportunity to deliver more to our members, employees, and communities. They will continue to receive the same level of attention they count on.”
Williams will assist with the transition and remain involved until it is complete, the CUs said.
