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Allegacy Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%Reward CheckingSmartRate Checking
1.05%5-year CD5 Year Regular CD.
0.40%1-year CD12 Month Regular CD

Overview / Commentary
336-774-3400
1691 Westbrook Plaza Dr
Winston Salem, NC 27103-2993

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 201st largest credit union in the nation. It was established in 1967 and as of June of 2016, it had grown to 311 employees and 128,366 members at 21 locations. Allegacy Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Allegacy Federal Credit Union is open to anyone through joining one of the following associations: Center for Smart Financial Choices ($10 fee), Kernersville Little Theatre ($10 fee), Hispanic League ($10 fee), WS Delta Fine Arts ($10 fee), SW Guilford Band Booster Club ($10 fee), Secca ($10 fee), Pulse International ($10 fee), or Charlotte Art League ($40 fee). Membership is also open to those who live, work, attend school or worship in Davie, Stokes or Mecklenburg Counties in North Carolina or to employees of Forsyth County, Forsyth Hospital, and over 100 Select Employer Groups. (membership requirements listed in the credit union's online application)
See current membership details

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Posted by: drc2011 | Aug 11, 2015

LOVE Allegacy! Best in the banking industry!
However - I recently moved to Charlotte and they only have one location & no outside ATM! this is very inconvenient, but I will not leave them. They are expanding in Winston Salem & Greensboro, but they really need to expand the Charlotte region.

Great credit union!

I have been with Allegacy for over 15 years. They have a number of account types available and offer competitive rates. For the "SmartRate Checking" they give you an APY of .5%. They offer a number of different types of savings accounts including a "Holiday Club" and a "Vacation Club", and there certificate options available. If you sign up for web banking, you have access to all of your accounts. Funds can easily be transferred and transactions can be tracked. The only fee I have encountered is an overdraft fee, which was $34. Customer service is easy to deal with and always very friendly. Online, there is an option to chat with a live representative if you prefer not to call. I have never had a bad experience with Allegacy. They will continue to get my business.

Friendly and Fast

Allegacy is an excellent cried union because they still have the personal touch that I like to have where I bank. They also waive the fee if you know someone, you just have to tell them and they look up their name. When I opened my account, the gentleman who helped me spent a lot of time chatting and getting to know me. The actual opening of my account took minutes and I received my first statement and debit card within a couple days. I was so impressed with this as well as the customer service for the internet. I had a problem and they were extremely helpful when I had to call. There website is clean and easy to navigate. I have been very pleased with all my interaction with Allegacy.

Unlike Your Bank, Allegacy Cares

Posted by: lewisdale | Mar 26, 2015

Being a member at Allegacy has been the best financial decision I've made in a very long time. From the contact center to outside branches, the service I receive EVERY TIME has been fantastic. I've banked with larger and smaller banks, but I have never received as much "financial care" as I do with Allegacy. The negative responses really surprise me, and seem extremely unlikely for this type of quality credit union. I will never bank anywhere else!

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Health
A

Health Grade Components

Overall
NCUA #24438
Year Chartered1967
Employees311
Primary Regulator
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD7.44%
Annual Interest Income$20.5MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.21B$1.12B
LoansQ2 2016vs Q2 2015$889.0MM$861.6MM
DepositsQ2 2016vs Q2 2015$1.03B$939.1MM
Equity CapitalQ2 2016vs Q2 2015$123.3MM$113.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$10.2MM$10.3MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$6.9MM$6.5MM
Real Estate OwnedQ2 2016vs Q2 2015$7.4MM$8.8MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Allegacy Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%-$10kAllHealth Wellness with 12+ YMCA Visits
0.50%-$10kAllHealth Wellness with 8-11 YMCA Visits
0.20%*$10k*-Health Savings Account (HSA)
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $5k | 0.15% $5k - $10k
0.20%-$10kAllHealth Wellness with 4-7 YMCA Visits
0.15%--Traditonal IRA Savings Account
0.15%--Roth IRA Savings Account
0.15%--Coverdell Education Savings Account (CESA)
0.10%--Daily Access
0.10%*$2k*-Holiday Club Account
OTHER TIERS: 0.05% $10 - $2k
0.10%*$2k*-Vacation Club Account
OTHER TIERS: 0.05% $10 - $2k

Allegacy Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Retail Money Market Account
OTHER TIERS: 0.05% $2,500 - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Allegacy Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$25kSmartRate Checking
OTHER TIERS: 0.10% $25k+
0.10%*$10k*-Allegacy Preferred Checking
OTHER TIERS: 0.05% Up to $10k
0.01%--Smart Balance Checking

Allegacy Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$100k*-5 Year Regular CD.
OTHER TIERS: 0.90% Up to $100k
0.85%*$100k*-3 Year Regular CD
OTHER TIERS: 0.80% Up to $100k
0.65%*$100k*-2 Year Regular CD
OTHER TIERS: 0.60% Up to $100k
0.55%*$100k*-18 Month Regular CD
OTHER TIERS: 0.50% Up to $100k
0.40%*$100k*-12 Month Regular CD
OTHER TIERS: 0.35% Up to $100k
0.35%*$100k*-9 Month Regular CD
OTHER TIERS: 0.30% Up to $100k
0.30%*$100k*-6 Month Regular CD
OTHER TIERS: 0.25% Up to $100k
0.25%*$100k*-3 Month Regular CD
OTHER TIERS: 0.20% Up to $100k

Allegacy Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$100k*-5 Year IRA
OTHER TIERS: 0.90% Up to $100k
0.95%*$100k*-3 Year IRA
OTHER TIERS: 0.90% Up to $100k
0.75%*$100k*-2 Year IRA
OTHER TIERS: 0.70% Up to $100k
0.65%*$100k*-18 Month IRA
OTHER TIERS: 0.60% Up to $100k
0.50%*$100k*-12 Month IRA
OTHER TIERS: 0.45% Up to $100k
0.45%*$100k*-9 Month IRA
OTHER TIERS: 0.40% Up to $100k
0.30%*$100k*-6 Month IRA
OTHER TIERS: 0.25% Up to $100k
0.25%*$100k*-3 Month IRA
OTHER TIERS: 0.20% Up to $100k
Locations

Allegacy Federal Credit Union has 21 locations. Click to view all Allegacy Federal Credit Union locations.