Allegacy Federal Credit Union

Overview / Commentary
1691 Westbrook Plaza Dr
Winston Salem, NC 27103

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 207th largest credit union in the nation. It was established in 1967 and as of March of 2024, it had grown to 386 employees and 175,757 members at 28 locations. Allegacy Federal Credit Union's money market rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Allegacy Federal Credit Union is open to: (1) anyone who works, volunteers, or is affiliated with one of the following associations: Kernersville Little Theatre ($10 fee), Center for Smart Financial Choices ($10 fee), WS Delta Fine Arts ($10 fee), Hispanic League ($10 fee), Pulse International ($10 fee), SECCA ($10 fee), Charlotte Art League ($40 fee), Winston-Salem Delta Fine Arts, Latin American Coalition or the Human Service Alliance. (2) Those who live, work, attend school or worship in Stokes or Mecklenburg Counties in North Carolina, or (3) retirees or employees of Forsyth County, Forsyth Hospital, and over 100 Select Employer Groups. (a complete list of groups and associations is listed within the credit union's online application). (4) Family or household members may also join.
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My experience with Allegacy Credit Union in NC

I bank with Allegacy credit union. Almost every teller there including 2 managers know me by name, this gives it a personal touch. Most of the time I see the same people there so it gives me a sense of a familiarity with the bank. I also compared their fees for the cashiers' check, loan rates, wire transfers incoming or outgoing and they are much cheaper than Wells Fargo or Bank of America. I had the first hand experience of their lower rates first time when I wanted to pay an auto loan off and Wells Fargo wanted to charge me $25 while Allegacy did the same for $15. I would like to completely switch to them from Wells Fargo but the only drawback is they are not available in most of the areas like Wells Fargo is. If use out of state ATM at another credit union that is affiliated with them then I would have to pay ATM fees.

Unlike Your Bank, Allegacy Cares

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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!

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.


I have been trying to collect my inheritance for 4 months and they have asked me to deposit more than 30,000 dlls. The last account was in an account in Turkey with a strange. And I have emails saying that it is the last deposit that 24 hours release the balances and THEY DO NOT.

I have everything documented, with which Government agency I have to go so that they no longer extort me by asking for money and not paying. The last amount is 6,950 dlls and it started at 4,985 dlls.

Their promises to release access to my money have been false.



Health Grade Components

NCUA #24438
Year Chartered1967
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.73%
Annual Interest Income$29.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.32B$2.26B
LoansQ1 2024vs Q1 2023$1.79B$1.68B
DepositsQ1 2024vs Q1 2023$1.98B$1.88B
Equity CapitalQ1 2024vs Q1 2023$246.1MM$224.3MM
Loan Loss AllowanceQ1 2024vs Q1 2023$16.7MM$16.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.9MM$4.6MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not Allegacy Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

1.15%$5$10kAllHealth Wellness with 12+ YMCA Visits
0.95%$5$10kAllHealth Wellness with 8-11 YMCA Visits
0.85%$5$10kAllHealth Wellness with 4-7 YMCA Visits
0.35%*$2k*-Holiday Club Account
OTHER TIERS: 0.30% $0 - $2k
0.35%*$2k*-Vacation Club Account
OTHER TIERS: 0.30% $0 - $2k
0.35%$0-Beginners Best Kids Savings
0.20%*$25k*-Health Savings Account (HSA)
OTHER TIERS: 0.05% $0 - $5k | 0.15% $5k - $25k
0.20%$5$10kAllHealth Wellness with 0-3 YMCA Visits
0.15%$0-Daily Access Savings
0.15%$0-IRA Savings Account

Allegacy Federal Credit Union Money Market Rates

2.50%*$500k*-Business High Tier Money Market Account
OTHER TIERS: 0.05% $0 - $100k | 2.00% $100k - $250k | 2.25% $250k - $500k
2.30%*$500k*-High Tier Money Market
OTHER TIERS: 0.05% $0 - $100k | 2.00% $100k - $250k | 2.15% $250k - $500k
2.10%*$250k*-Business Money Market Account
OTHER TIERS: 1.50% $0 - $10k | 1.80% $10k - $50k | 1.90% $50k - $100k | 2.00% $100k - $250k
2.00%*$100k*-Retail Money Market Account
OTHER TIERS: 1.50% $0 - $25k | 1.80% $25k - $50k | 1.90% $50k - $100k

Allegacy Federal Credit Union Checking Account Rates

3.00%*$0$25kSmartRate Checking
OTHER TIERS: 0.10% $25k+
0.05%$0-Preferred Checking

Allegacy Federal Credit Union CD Rates

4.25%$500$1m14 Month CD Special
3.55%*$250k*-12 Month CD
OTHER TIERS: 3.35% $0 - $50k | 3.40% $50k - $100k | 3.45% $100k - $250k
3.55%$1k$250k24 Month Online-Only CD
3.15%$0-6 Month CD
3.00%$0-18 Month CD
3.00%$0-2 Year CD
3.00%$0-3 Year CD
3.00%$0-5 Year CD.
3.00%$0-4 Year CD
2.95%$50$50k5 Year Mortgage Saver CD
2.85%*$250k*-9 Month CD
OTHER TIERS: 2.65% $0 - $50k | 2.70% $50k - $100k | 2.75% $100k - $250k
2.75%$0-3 Month CD

Allegacy Federal Credit Union IRA Rates

4.25%$500$1m14 Month IRA Special
3.65%*$250k*-12 Month IRA
OTHER TIERS: 3.45% $0 - $50k | 3.50% $50k - $100k | 3.55% $100k - $250k
3.15%$0-6 Month IRA
3.10%$0-18 Month IRA
3.10%$0-2 Year IRA
3.10%$0-3 Year IRA
3.10%$0-5 Year IRA
3.10%$0-4 Year IRA
2.95%*$250k*-9 Month IRA
OTHER TIERS: 2.75% $0 - $50k | 2.80% $50k - $100k | 2.85% $100k - $250k
2.75%$0-3 Month IRA


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