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Legacy Community Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingPremier Checking
1.30%5-year CD60 Month CD
0.45%1-year CD12 Month CD

Overview / Commentary
205-933-9933
100 Corporate Rdg Ste 200
Birmingham, AL 35242-2994

Legacy Community Federal Credit Union is headquartered in BIRMINGHAM and is the 11th largest credit union in the state of Alabama. It is also the 600th largest credit union in the nation. It was established in 1955 and as of June of 2017, it had grown to 109 employees and 38,307 members at 9 locations. Legacy Community Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in Jefferson, Shelby, Blount, St. Clair, Walker, Chilton, and Bibb Counties in Central Alabama.
See current membership details

Related Posts

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Legacy Community Federal Credit Union

Posted by: Gigglyield | Sep 7, 2017

Legacy Community Federal Credit Union in Birmingham, Alabama has been my credit union for over 25 years. I have had my paychecks direct deposited there since I graduated college in 1992. Legacy offers local banking with very reasonable fees, and the atmosphere inside the main branch is welcoming and is a very relaxing environment in which to do my business.

The one drawback that I have with Legacy is the terrible rate of return on deposit accounts (Savings, Checking, Money Market, CDs, IRAs). That is why I do not save large sums of money at Legacy Federal Credit Union, preferring, instead, to utilize online banking opportunities. In other words, I just use Legacy for clearing my checks and paying my bills. All other savings are then funneled to my online savings accounts.

Great credit union!

I've banked with Legacy for 5 years now. I opened the account at the suggestion of my friend at a car dealership when I was buying a used car. If I was a member I could get a really low rate. So I deposited 50 dollars into a savings account and was able to get the rate for the car I was buying. I ignored the open savings account for at least a year until I realized they were offering a 2% interest rate on checking which is higher than a lot of CD products, so I switched over 90% of my paycheck to the credit union. Since then, I've started using the credit union as my primary bank. I love the Credit Union experience.

I Like It, As Advertised

Good rewards system (2% interest checking). The staff are friendly. Been using this for about a year. ATM rewards have happened without a hitch. I use ACH from a different bank which quals for direct deposit. I do a bunch of $1 payments for my internet payment which counts as my required transactions. Overall, good stuff and I'm happy. No issues and convenient locations for me in Birmingham, AL.

Overdraft Fees And Transfer Problems

Posted by: radgirl | Apr 9, 2012

Please tell me why Legacy only allows 6 online transactions per month? If you have computer banking why only 6? Also why do they transfer 3.00 at a time from your savings when you are about to overdraw and then charge you 3.00 to do it? Is this a ploy to use up your 6 transactions because even if you have money in your savings to cover any overdraw they will not transfer any more money after 6 transfers have been made(these include any you have already made) and will then start charging you 36.00 per overdraw regardless of how much money you have in savings which is supposed to be linked to your checking. I really don't want a useless 3.00 transfer if it's going to use up one of my 6 transactions and I'm going to be charged 3.00 for the service. I discussed this practice with my coworkers and no one could believe the way they handle their online banking.The consensus was why have online banking if it's so limited and how ineffective their overdraft protection was. I'm starting to wonder if this isn't just another way for them to insure fees without being as obvious a bigger banking  institutions as they tout themselves as being smaller and more about their customers. If they were really about their customers they would figure out a better solution for their overdraft protection and their computer banking.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
NCUA #24421
Year Chartered1955
Employees109
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.05%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$436.8MM$416.2MM
LoansQ2 2017vs Q2 2016$236.7MM$193.2MM
DepositsQ2 2017vs Q2 2016$378.7MM$360.1MM
Equity CapitalQ2 2017vs Q2 2016$54.5MM$53.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$772.00K$514.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$907.00K$929.00K
Real Estate OwnedQ2 2017vs Q2 2016$1.5MM$121.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Legacy Community Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Daily Share Balance
OTHER TIERS: 0.05% $100 - $2,500 | 0.10% $2,500 - $40k | 0.20% $40k - $100k
0.30%*$100k*-Club IRA Balance
OTHER TIERS: 0.05% $100 - $2,500 | 0.10% $2,500 - $40k | 0.20% $40k - $100k
0.05%--Christmas Club Account
0.05%--Regular Club Account

Legacy Community Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Preferred Money Market
OTHER TIERS: 0.15% $2,500 - $50k

Legacy Community Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$15kPremier Checking
OTHER TIERS: 0.50% $15k+
0.05%$2,500-Super NOW Checking
0.05%$2,500$1mPreferred Checking

Legacy Community Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$500-60 Month CD
1.00%$500-48 Month CD
0.75%$500-36 Month CD
0.70%$500-30 Month CD
0.65%$500-24 Month CD
0.65%$500-25 Month CD
0.50%$500-18 Month CD
0.45%$500-12 Month CD
0.20%$500-6 Month CD
0.10%$500-91 Day CD

Legacy Community Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$500-60 Month IRA
1.00%$500-48 Month IRA
0.75%$500-36 Month IRA
0.70%$500-30 Month IRA
0.65%$500-24 Month IRA
0.65%$500-25 Month IRA
0.50%$500-18 Month IRA
0.45%$500-12 Month IRA
0.20%$500-6 Month IRA
0.10%$500-91 Day IRA
Locations


Legacy Community Federal Credit Union Locations
Branch Office2815 Greystone Commercial Blvd Ste 600Birmingham, AL 35242-2663
Branch Office810 Colonial Promenade PkwyAlabaster, AL 35007
Branch Office100 CORPORATE RDG STE 200BIRMINGHAM, AL 35242-2994
Branch Office1920 4TH AVE SBIRMINGHAM, AL 35233-2014
Branch Office6001 Service RdBIRMINGHAM, AL 35235-2179
Branch Office9825 PARKWAY EBIRMINGHAM, AL 35215-7301
Branch Office701 PRINCETON AVE SWBIRMINGHAM, AL 35211-1303
Branch Office1400 20th St SBirmingham, AL 35205-4914
Branch Office1880 Chace DrHoover, AL 35244-1825