Allegacy Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | Reward Checking | SmartRate Checking 1.75% - National Average |
| 1.05% | 5-year CD | 5 Year Regular CD. 1.85% - Synchrony Bank 60 Month CD |
| 0.40% | 1-year CD | 12 Month Regular CD 1.05% - Ally Bank High Yield 12-Month CD |
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 is open to anyone. Membership base consists of eligible employees and retirees of sponsor companies, immediate family members of existing members, household residents of existing members, residents of certain communities, and members of various associations.
See current membership details
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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
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!
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24438 |
| Year Chartered | 1967 |
| Employees | 311 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 7.44% |
| Annual Interest Income | $20.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $1.21B$1.12B |
| Loans | Q2 2016vs Q2 2015 | $889.0MM$861.6MM |
| Deposits | Q2 2016vs Q2 2015 | $1.03B$939.1MM |
| Equity Capital | Q2 2016vs Q2 2015 | $123.3MM$113.2MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $10.2MM$10.3MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $6.9MM$6.5MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $7.4MM$8.8MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00% | - | $10k | AllHealth Wellness with 12+ YMCA Visits | ||
| 0.50% | - | $10k | AllHealth 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% | - | $10k | AllHealth 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | - | $25k | SmartRate 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | |||||
Allegacy Federal Credit Union has 21 locations. Click to view all Allegacy Federal Credit Union locations.