Preferred Employee Package (PEP)

At no cost to your company, our Preferred Employee Package gives your workforce extra financial perks they'll appreciate. It can help you attract and retain the best employees by offering the best employee benefits package. PEP can provide your employees with over $1,000 in financial benefits* annually. They'll also get Southern Community's exceptional personal service, making their banking experience better and more enjoyable.

To speak to a Southern Community representative about how your company can join the PEP program, call (336) 768-8500 or 1-888-768-2666.

PEP Benefits

When your company signs up for PEP, your employees will receive these great benefits:

Free Performance Plus Checking, our premium interest-bearing account, with

• No monthly maintenance fee (waived for PEP members)
• Free Online Banking
• Free Online Bill Pay
• Free personalized checks**
• Free safe deposit box***
• Premium rates on CDs
• No-fee cashiers and travelers checks
• Overdraft protection
• No-fee Visa^® 
• Premium rates on CDs, personal loans and lines of credit

A Dedicated ACE (Account Change Expert)

• A dedicated banker will personally assist employees in making the switch to Southern Community- even helping to close old accounts and switch direct deposits and automated payments!

50% off a mortgage loan origination fee

• When your employee purchases a home, the origination fee will be ½% instead of 1%.‡

Prime rate credit lines 

• Your employee will never pay more interest than the prevailing prime interest rate for the life of their home equity line of credit.

Discounted loans

• Your employees will receive a ¼% discount on our installment loans.

A free financial review session with Southern Community Wealth Management

• Our Southern Community Wealth Management experts can help your employees with investments, life insurance, long-term care, trust and estate planning.

Initial Rollover IRA fee waived

• When an employee rolls over an existing IRA or 401(k) into an IRA with Southern Community Wealth Management, we'll waive the first year's annual fee.

* Annual cost savings reflect an average of savings based on the following information: Checking savings based on annual waiver of Performance Plus Checking monthly maintenance fee and two orders of 200 Performance Plus checks.  Safe deposit box savings based on standard box with no annual rental fee.  CD bonus based on .25% bonus Annual Percentage Yield of selected CDs, on a $10,000 CD on deposit for at least one year.  Cashier's Check savings based on four checks per year.  Travelers check savings based on $500 worth of checks.  Installment Loan discount based on .25% APR discount on a $15,000 loan for 48 months at 8.75% vs. 9.0% APR.  Mortgage savings based on 50% savings on the standard 1% origination fee on a $15,000 loan.  Financial planning savings based on waiver of initial financial review session fee.  Rollover IRA savings based on waiver of first year's annual IRA fee.  Prime rate based on the Wall Street Journal.

** Standard Performance Plus checks

*** Free safe deposit box is 3" x 5"; if a larger size is desired, $25 will be credited towards the larger box

‡Must be Southern Community mortgage