Average User Rating:1 star rating based on 1 review.
Allegacy Federal Credit Union
Allegacy Federal Credit Union Locations|
1691 Westbrook Plaza Dr. Winston-Salem, NC 27103 336-774-3400 www.allegacyfcu.org  |
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Allegacy Federal Credit Union is headquartered in Winston-Salem and is the 5th largest credit union in the state of North Carolina. It is also the 199th largest credit union in the nation. It was established in 1967 and as of March of 2013, it had grown to 311 employees and 117,062 members. Allegacy Federal Credit Union has a 4-star health rating.
Allegacy Federal Credit Union Routing Number: 253177887
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Update 11/22/09: The top yield has fallen to 3.00% APY. See bottom of post for the rate history.Allegacy Federal Credit Union has a reward checking account called Free SmartRate Checking. It pays 3.00% APY on balances up to $25,000 (0.50% for above) and...
See Rates for: Checking | Savings | Money Market | CD | IRA
Allegacy Federal Credit Union Checking Account Rates
Allegacy Federal Credit Union Savings Account Rates
Allegacy Federal Credit Union Money Market Rates
Allegacy Federal Credit Union CD Rates
| Apy | Min | Max | Product | |
| 1.20% | $100k | - | 5 Year Regular Certificate | |
| 1.00% | $100k | - | 3 Year Regular Certificate | |
| 0.75% | $100k | - | 2 Year Regular Certificate | |
| 0.60% | $100k | - | 18 Month Regular Certificate | |
| 0.40% | $100k | - | 12 Month Regular Certificate | |
| 0.35% | $100k | - | 9 Month Regular Certificate | |
| 0.25% | $100k | - | 6 Month Regular Certificate | |
| 0.10% | - | - | 3 Month Regular Certificate |
Allegacy Federal Credit Union IRA Rates
| Apy | Min | Max | Product | |
| 1.30% | $100k | - | 5 Year IRA Certificate | |
| 1.30% | $100k | - | 5 Year Roth IRA Certificate | |
| 1.30% | $100k | - | 5 Year CESA Certificate | |
| 1.10% | $100k | - | 3 Year IRA Certificate | |
| 1.10% | $100k | - | 3 Year Roth IRA Certificate | |
| 1.10% | $100k | - | 3 Year CESA Certificate | |
| 0.85% | $100k | - | 2 Year IRA Certificate | |
| 0.85% | $100k | - | 2 Year Roth IRA Certificate | |
| 0.85% | $100k | - | 2 Year CESA Certificate | |
| 0.70% | $100k | - | 18 Month IRA Certificate | |
| 0.70% | $100k | - | 18 Month Roth IRA Certificate | |
| 0.70% | $100k | - | 18 Month CESA Certificate | |
| 0.50% | $100k | - | 12 Month IRA Certificate | |
| 0.50% | $100k | - | 12 Month Roth IRA Certificate | |
| 0.50% | $100k | - | 12 Month CESA Certificate | |
| 0.45% | $100k | - | 9 Month IRA Certificate | |
| 0.45% | $100k | - | 9 Month Roth IRA Certificate | |
| 0.45% | $100k | - | 9 Month CESA Certificate | |
| 0.25% | $100k | - | 6 Month IRA Certificate | |
| 0.25% | $100k | - | 6 Month Roth IRA Certificate | |
| 0.25% | $100k | - | 6 Month CESA Certificate | |
| 0.10% | - | - | 3 Month IRA Certificate | |
| 0.10% | - | - | 3 Month Roth IRA Certificate | |
| 0.10% | - | - | 3 Month CESA Certificate |
Rates updated: 6/18/2013
Data for Q1 2013
Institution Statistics
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Institution Health
Overall Score:
4 out of 5 
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Nationwide Savings Accounts
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CIT Bank
3-year Term IRA CD
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* All banks listed are a Member FDIC.
Account Policies
I was not happy with my experiences with Allegacy. We had a car loan arranged through a dealership, which we paid off early. Allegacy insisted at the payoff that we invest an additional $200 to keep the account open for future use. We were not planning on borrowing any more at that time, but we followed their advice and made the deposit. We immediately ran into issues. Allegacy immediately charged us a "fee" which brought the account below $200. Three months later we got a statement charging us a "service fee" for not keeping the $200 balance in the account. I made a personal visit to the Allegacy office to get this corrected. I thought this fixed the problem.
Two years later I have closed the account. Allegacy billed me for a $5.00 dormancy fee every three months, so as of July 1, 2012 my account had shrunk to about $182. At that point I have closed the account.
I have been a member of two other credit unions for over 50 years and this is the only credit union that has charged me to keep my money. Needless to say any interest I accrued was offset by the fees charged. I would recommend that you not use Allegacy for your credit union.
cemorgan@northstate.net