Legacy Community Federal Credit Union is headquartered in BIRMINGHAM and is the 14th largest credit union in the state of Alabama. It is also the 639th largest credit union in the nation. It was established in 1955 and as of September of 2022, it had grown to 103 employees and 38,021 members at 8 locations. Legacy Community Federal Credit Union has an A health rating.
Membership in Legacy Community Federal Credit Union is open to those who live, work, worship, or attend school in Bibb, Blount, Chilton, Jefferson, Shelby, St. Clair, or Walker Counties in Central Alabama.
See current membership details
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.
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.
I was a checking and savings account member for 7 years.
I wish I never joined this credit union because of the inexplicable overdraft fees, no alert system for low balance, mysterious automatic account payments, and the poor customer service.
Do yourself a favor and consider a different credit union.
|Return on Assets - YTD||0.65%|
|Return on Equity - YTD||7.33%|
|Annual Interest Income||$10.9MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$605.8MM$594.8MM|
|Loans||Q3 2022vs Q3 2021||$339.3MM$334.2MM|
|Deposits||Q3 2022vs Q3 2021||$547.6MM$529.5MM|
|Equity Capital||Q3 2022vs Q3 2021||$53.7MM$61.3MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$521.00K$721.00K|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$250.00K$150.00K|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$0|
Rates for Legacy Community Federal Credit Union are currently being reviewed.
|Legacy Community Federal Credit Union Locations|
|Branch Office||200 Corporate Rdg||Birmingham, AL 35242-2948|
|Branch Office||810 Colonial Promenade Pkwy||Alabaster, AL 35007|
|Branch Office||1920 4th Ave S||Birmingham, AL 35233-2014|
|Branch Office||6001 Service Rd||Birmingham, AL 35235-2179|
|Branch Office||9825 Parkway E||Birmingham, AL 35215-7301|
|Branch Office||701 Princeton Ave SW||Birmingham, AL 35211-1303|
|Branch Office||1400 20th St S||Birmingham, AL 35205-4914|
|Branch Office||1880 Chace Dr||Hoover, AL 35244-1825|