Allegacy Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | Reward Checking | SmartRate Checking 1.98% - National Average |
| 2.45% | 5-year CD | 5 Year Regular CD. |
| 1.35% | 1-year CD | 12 Month Regular 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 200th largest credit union in the nation. It was established in 1967 and as of March of 2018, it had grown to 335 employees and 142,518 members at 22 locations. Allegacy Federal Credit Union's money market rates are 4X 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.
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
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
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.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24438 |
| Year Chartered | 1967 |
| Employees | 335 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.12% |
| Return on Equity - YTD | 10.91% |
| Annual Interest Income | $13.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.43B$1.30B |
| Loans | Q1 2018vs Q1 2017 | $1.08B$990.6MM |
| Deposits | Q1 2018vs Q1 2017 | $1.24B$1.11B |
| Equity Capital | Q1 2018vs Q1 2017 | $145.0MM$130.3MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $11.4MM$10.3MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $4.7MM$7.3MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $900.00K$1.4MM |
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 | |
|---|---|---|---|---|---|
| 1.05% | - | $10k | AllHealth Wellness with 12+ YMCA Visits | ||
| 0.85% | - | $10k | AllHealth Wellness with 8-11 YMCA Visits | ||
| 0.75% | - | $10k | AllHealth Wellness with 4-7 YMCA Visits | ||
| 0.35% | - | - | IRA Savings Account | ||
| 0.20%* | $10k* | - | Health Savings Account (HSA) | ||
| OTHER TIERS: 0.05% → Up to $2,500 | 0.10% → $2,500 - $5k | 0.15% → $5k - $10k | |||||
| 0.10% | - | - | Daily Access | ||
| 0.10%* | $2k* | - | Holiday Club Account | ||
| OTHER TIERS: 0.05% → Up to $2k | |||||
| 0.10%* | $2k* | - | Vacation Club Account | ||
| OTHER TIERS: 0.05% → Up to $2k | |||||
Allegacy Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.75%* | $500k* | - | High Tier Money Market | ||
| OTHER TIERS: 0.05% → Up to $100k | 1.15% → $100k - $250k | 1.45% → $250k - $500k | |||||
| 0.85%* | $100k* | - | Retail Money Market Account | ||
| OTHER TIERS: 0.25% → $2,500 - $25k | 0.45% → $25k - $50k | 0.65% → $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 | |
|---|---|---|---|---|---|
| 2.45%* | $250k* | - | 5 Year Regular CD. | ||
| OTHER TIERS: 2.20% → Up to $10k | 2.25% → $10k - $50k | 2.30% → $50k - $100k | 2.35% → $100k - $250k | |||||
| 2.05%* | $250k* | - | 4 Year Regular CD | ||
| OTHER TIERS: 1.80% → Up to $10k | 1.85% → $10k - $50k | 1.90% → $50k - $100k | 1.95% → $100k - $250k | |||||
| 1.95%* | $250k* | - | 3 Year Regular CD | ||
| OTHER TIERS: 1.70% → Up to $10k | 1.75% → $10k - $50k | 1.80% → $50k - $100k | 1.85% → $100k - $250k | |||||
| 1.65%* | $250k* | - | 2 Year Regular CD | ||
| OTHER TIERS: 1.40% → Up to $10k | 1.45% → $10k - $50k | 1.50% → $50k - $100k | 1.55% → $100k - $250k | |||||
| 1.50%* | $250k* | - | 18 Month Regular CD | ||
| OTHER TIERS: 1.25% → Up to $10k | 1.30% → $10k - $50k | 1.35% → $50k - $100k | 1.40% → $100k - $250k | |||||
| 1.45% | - | $50k | 60 Month Mortgage Saver Certificate | ||
| 1.35%* | $250k* | - | 12 Month Regular CD | ||
| OTHER TIERS: 1.10% → Up to $10k | 1.15% → $10k - $50k | 1.20% → $50k - $100k | 1.25% → $100k - $250k | |||||
| 0.65%* | $250k* | - | 9 Month Regular CD | ||
| OTHER TIERS: 0.40% → Up to $10k | 0.45% → $10k - $50k | 0.50% → $50k - $100k | 0.55% → $100k - $250k | |||||
| 0.55%* | $250k* | - | 6 Month Regular CD | ||
| OTHER TIERS: 0.30% → Up to $10k | 0.35% → $10k - $50k | 0.40% → $50k - $100k | 0.45% → $100k - $250k | |||||
| 0.50%* | $250k* | - | 3 Month Regular CD | ||
| OTHER TIERS: 0.25% → Up to $10k | 0.30% → $10k - $50k | 0.35% → $50k - $100k | 0.40% → $100k - $250k | |||||
Allegacy Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.70%* | $250k* | - | 5 Year IRA | ||
| OTHER TIERS: 2.45% → Up to $10k | 2.50% → $10k - $50k | 2.55% → $50k - $100k | 2.60% → $100k - $250k | |||||
| 2.30%* | $250k* | - | 4 Year IRA | ||
| OTHER TIERS: 2.05% → Up to $10k | 2.10% → $10k - $50k | 2.15% → $50k - $100k | 2.20% → $100k - $250k | |||||
| 2.20%* | $250k* | - | 3 Year IRA | ||
| OTHER TIERS: 1.95% → Up to $10k | 2.00% → $10k - $50k | 2.05% → $50k - $100k | 2.10% → $100k - $250k | |||||
| 1.90%* | $250k* | - | 2 Year IRA | ||
| OTHER TIERS: 1.65% → Up to $10k | 1.70% → $10k - $50k | 1.75% → $50k - $100k | 1.80% → $100k - $250k | |||||
| 1.75%* | $250k* | - | 18 Month IRA | ||
| OTHER TIERS: 1.50% → Up to $10k | 1.55% → $10k - $50k | 1.60% → $50k - $100k | 1.65% → $100k - $250k | |||||
| 1.60%* | $250k* | - | 12 Month IRA | ||
| OTHER TIERS: 1.35% → Up to $10k | 1.40% → $10k - $50k | 1.45% → $50k - $100k | 1.50% → $100k - $250k | |||||
| 0.90%* | $250k* | - | 9 Month IRA | ||
| OTHER TIERS: 0.65% → Up to $10k | 0.70% → $10k - $50k | 0.75% → $50k - $100k | 0.80% → $100k - $250k | |||||
| 0.80%* | $250k* | - | 6 Month IRA | ||
| OTHER TIERS: 0.55% → Up to $10k | 0.60% → $10k - $50k | 0.65% → $50k - $100k | 0.70% → $100k - $250k | |||||
| 0.75%* | $250k* | - | 3 Month IRA | ||
| OTHER TIERS: 0.50% → Up to $10k | 0.55% → $10k - $50k | 0.60% → $50k - $100k | 0.65% → $100k - $250k | |||||
