AllyFed


Overview / Commentary
800-822-9991
2320 N Dupont Highway
New Castle, DE 19720

AllyFed is headquartered in New Castle and is the 12th largest credit union in the state of Delaware. It is also the 3,238th largest credit union in the nation. It was established in 1963 and as of September of 2019, it had grown to 7 employees and 3,487 members at 1 location. AllyFed's savings rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school, do business or worship in Wilmington, New Castle, Newark, Elsmere, Newport, Christiana, Stanton, or Bear. Membership is also open to students and employees of Delaware Technical Community College, University of Delaware and Wilmington University.
See current membership details

Reviews (1)

Lots Of Restrictions

I just called this credit union. This is not a place to put money if you are looking to earn interest on your money. You can only deposit $50 a month and once it reaches $1000 it is transferred to a regular savings account. This type of savings account was set up by the state to encourage people to save for purchasing big ticket items they told me.



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. AllyFed has a low asset base.

Health Grade Components

Overall
NCUA #15790
Year Chartered1963
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD2.72%
Annual Interest Income$548.00K
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$22.0MM$21.7MM
LoansQ3 2019vs Q3 2018$6.1MM$6.5MM
DepositsQ3 2019vs Q3 2018$18.7MM$18.4MM
Equity CapitalQ3 2019vs Q3 2018$3.2MM$3.2MM
Loan Loss AllowanceQ3 2019vs Q3 2018$171.00K$163.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$46.00K$133.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

AllyFed Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%--First State Saves
0.25%--IRA Savings
0.05%$100-Regular Shares

AllyFed Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Money Market

AllyFed CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-36 Month Share Certificate
1.25%$500-24 Month Share Certificate
0.95%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate
Locations


AllyFed Locations
Branch Office2320 N Dupont HwyNew Castle, DE 19720-6327

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