2. Allegacy Federal Credit Union

Allegacy Federal Credit Union


Overview / Commentary
www.allegacy.org
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 195th largest credit union in the nation. It was established in 1967 and as of June of 2019, it had grown to 378 employees and 152,292 members at 24 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.
See current membership details

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Reviews (11)

My experience with Allegacy Credit Union in NC

Posted by: carmelospence | Feb 9, 2017

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.

2

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.

2

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!

2

Friendly and Fast

Posted by: KimberlyJaye | Jul 5, 2014

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.

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Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #24438
Year Chartered1967
Employees378
Primary Regulator
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD8.83%
Annual Interest Income$33.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.58B$1.41B
LoansQ2 2019vs Q2 2018$1.16B$1.10B
DepositsQ2 2019vs Q2 2018$1.35B$1.21B
Equity CapitalQ2 2019vs Q2 2018$167.7MM$149.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$11.2MM$11.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$6.5MM$4.5MM
Real Estate OwnedQ2 2019vs Q2 2018$725.00K$900.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$5$10kAllHealth Wellness with 12+ YMCA Visits
0.85%$5$10kAllHealth Wellness with 8-11 YMCA Visits
0.75%$5$10kAllHealth Wellness with 4-7 YMCA Visits
0.35%--IRA Savings Account
0.20%*$10k*-Health Savings Account (HSA)
OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $5k | 0.15% → $5k - $10k
0.10%--Daily Access Savings
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
0.10%$5$10kAllHealth Wellness with 0-3 YMCA Visits

Allegacy Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*$500k*-High Tier Money Market
OTHER TIERS: 0.05% → $1 - $100k | 1.45% → $100k - $250k | 1.75% → $250k - $500k
0.85%*$100k*-Retail Money Market Account
OTHER TIERS: 0.25% → $2.5k - $25k | 0.45% → $25k - $50k | 0.65% → $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

Allegacy Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$50$50k60 Month Mortgage Saver Certificate
2.25%$1k-24 Month Online-Only Certificate
2.05%*$250k*-5 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*-4 Year Regular CD
OTHER TIERS: 1.70% → Up to $10k | 1.75% → $10k - $50k | 1.80% → $50k - $100k | 1.85% → $100k - $250k
1.85%*$250k*-3 Year Regular CD
OTHER TIERS: 1.60% → Up to $10k | 1.65% → $10k - $50k | 1.70% → $50k - $100k | 1.75% → $100k - $250k
1.75%*$250k*-2 Year Regular CD
OTHER TIERS: 1.50% → Up to $10k | 1.55% → $10k - $50k | 1.60% → $50k - $100k | 1.65% → $100k - $250k
1.65%*$250k*-18 Month Regular CD
OTHER TIERS: 1.40% → Up to $10k | 1.45% → $10k - $50k | 1.50% → $50k - $100k | 1.55% → $100k - $250k
1.55%*$250k*-12 Month Regular CD
OTHER TIERS: 1.30% → Up to $10k | 1.35% → $10k - $50k | 1.40% → $50k - $100k | 1.45% → $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%*$250k*-5 Year IRA
OTHER TIERS: 2.05% → Up to $10k | 2.10% → $10k - $50k | 2.15% → $50k - $100k | 2.20% → $100k - $250k
2.20%*$250k*-4 Year IRA
OTHER TIERS: 1.95% → Up to $10k | 2.00% → $10k - $50k | 2.05% → $50k - $100k | 2.10% → $100k - $250k
2.10%*$250k*-3 Year IRA
OTHER TIERS: 1.85% → Up to $10k | 1.90% → $10k - $50k | 1.95% → $50k - $100k | 2.00% → $100k - $250k
2.00%*$250k*-2 Year IRA
OTHER TIERS: 1.75% → Up to $10k | 1.80% → $10k - $50k | 1.85% → $50k - $100k | 1.90% → $100k - $250k
1.90%*$250k*-18 Month IRA
OTHER TIERS: 1.65% → Up to $10k | 1.70% → $10k - $50k | 1.75% → $50k - $100k | 1.80% → $100k - $250k
1.80%*$250k*-12 Month IRA
OTHER TIERS: 1.55% → Up to $10k | 1.60% → $10k - $50k | 1.65% → $50k - $100k | 1.70% → $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
Locations

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