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Allegacy Federal Credit Union

Popular Accounts at this Credit Union

0.50%Reward CheckingSmartRate Checking
1.05%5-year CD5 Year Regular CD.
0.40%1-year CD12 Month Regular CD

Overview / Commentary
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 202nd largest credit union in the nation. It was established in 1967 and as of December of 2015, it had grown to 309 employees and 124,177 members at 22 locations. Allegacy Federal Credit Union's savings rates are 92% higher than the national average, and it 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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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.

Allegacy Sucks

Being a member of Allegacy has been only an inconvenience. Once my car was paid off and that account was closed, they took a payment out more than once on that exact car loan that is non existent. Aside from taking my money, Allegacy customer service is the worst. There is extreme lack of communication and no one seems to know how to do anything when I call so I continually have to talk to someone's supervisor. It seems very disorganized.



Health Grade Components

NCUA #24438
Year Chartered1967
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD8.09%
Annual Interest Income$40.3MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$1.17B$1.09B
LoansQ4 2015vs Q4 2014$869.9MM$844.0MM
DepositsQ4 2015vs Q4 2014$976.2MM$911.2MM
Equity CapitalQ4 2015vs Q4 2014$118.5MM$108.9MM
Loan Loss AllowanceQ4 2015vs Q4 2014$10.3MM$9.8MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$7.6MM$8.4MM
Real Estate OwnedQ4 2015vs Q4 2014$8.1MM$9.1MM
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* 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

1.00%-$10kAllHealth Wellness with 12+ YMCA Visits
0.50%-$10kAllHealth 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%-$10kAllHealth 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

0.55%*$250k*-Promo Money Market Account
OTHER TIERS: 0.40% $2,500 - $50k | 0.45% $50k - $100k | 0.50% $100k - $250k
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

0.50%*-$25kSmartRate 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

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

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 22 locations. Click to view all Allegacy Federal Credit Union locations.