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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 212th largest credit union in the nation. It was established in 1967 and as of September of 2016, it had grown to 322 employees and 130,772 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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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.

More Locations

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.

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!

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.



Health Grade Components

NCUA #24438
Year Chartered1967
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD7.78%
Annual Interest Income$31.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.21B$1.14B
LoansQ3 2016vs Q3 2015$916.8MM$871.3MM
DepositsQ3 2016vs Q3 2015$1.02B$946.8MM
Equity CapitalQ3 2016vs Q3 2015$125.9MM$115.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$10.7MM$10.5MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$7.8MM$7.1MM
Real Estate OwnedQ3 2016vs Q3 2015$6.4MM$8.1MM

Rates for Allegacy Federal Credit Union are currently being reviewed.


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