Overview / Commentary
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 3,240th largest credit union in the nation. It was established in 1963 and as of December of 2019, it had grown to 6 employees and 3,441 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 in AllyFed Credit Union is open to those who live, work, worship, attend school, do business in the Delaware cities of Wilmington, New Castle, or Newark, and portions of Bear, Christiana, Elsmere, Newport, or Stanton. 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.

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

NCUA #15790
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD2.52%
Annual Interest Income$741.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$21.7MM$21.1MM
LoansQ4 2019vs Q4 2018$6.4MM$6.4MM
DepositsQ4 2019vs Q4 2018$18.4MM$17.8MM
Equity CapitalQ4 2019vs Q4 2018$3.2MM$3.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$179.00K$165.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$35.00K$129.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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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

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

AllyFed Money Market Rates

0.20%--Money Market

AllyFed CD Rates

1.00%$500-36 Month Share Certificate
0.75%$500-24 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate

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

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