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 626th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 107 employees and 39,886 members at 9 locations. Legacy Community Federal Credit Union's savings rates are 10X the national average, and it 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
Overall, a great local credit union. I would recommend them. Customer service in our local branch has always been exceptional.
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.
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.
This is a cross-review with the credit union that Legacy bought out - 1st Resource Credit Union in Birmingham, AL:
I have a couple of certificates with 1st Resource. They are ADD-ON certificates. However, Legacy credit union CHANGED THE TERMS. No longer am I able to add funds to these existing CDs per customer service.
I've read on this site that this happens from time to time. If they change the terms then I should AT LEAST be able to break the CD without penalty.
Overall | |
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NCUA # | 24421 |
Year Chartered | 1955 |
Employees | 107 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.43% |
Return on Equity - YTD | 4.46% |
Annual Interest Income | $10.6MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $644.7MM$600.7MM |
Loans | Q2 2023vs Q2 2022 | $401.0MM$336.3MM |
Deposits | Q2 2023vs Q2 2022 | $575.9MM$542.4MM |
Equity Capital | Q2 2023vs Q2 2022 | $62.4MM$53.8MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$557.00K |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $744.00K$348.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Legacy Community Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.00%* | $100k* | - | Preferred Money Market | ||
OTHER TIERS: 0.05% → Up to $10k | 0.45% → $10k - $25k | 1.00% → $25k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.00% | - | $15k | Engage Checking |
Legacy Community Federal Credit Union Locations | ||
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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 |
Branch Office | 47 W Oxmoor Rd | Birmingham, AL 35209-6409 |