Legacy Community Federal Credit Union

Overview / Commentary
1400 South 20th Street
Birmingham, AL 35255

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.

Field of Membership Restrictions

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

Related Posts

15 Month 5% CD On $250K+ - 12/28/2022

The rate for smaller amounts is 4.50% TODAY'S FEATURED RATE: 15 MONTH CD – 4.50% Annual Percentage Yield. For all new CD accounts opened with $250K or more, the rate will increase by .50%! Take advantage while this lasts! I cannot recall this cu ever having a competitive CD I am probably not going to be able to do it because I won't have $250k anytime soon (I have a lot of smaller treasuries maturing from time to time) Legacy is only for 6-7 counties near Bham Alabama unless a relative is a member

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Great Credit Union

Posted by: |

Overall, a great local credit union. I would recommend them. Customer service in our local branch has always been exceptional.

Legacy Community Federal Credit Union

Posted by: |

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.

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.

The Worst Credit Union

Posted by: |

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.



Health Grade Components

NCUA #24421
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD7.33%
Annual Interest Income$10.9MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$605.8MM$594.8MM
LoansQ3 2022vs Q3 2021$339.3MM$334.2MM
DepositsQ3 2022vs Q3 2021$547.6MM$529.5MM
Equity CapitalQ3 2022vs Q3 2021$53.7MM$61.3MM
Loan Loss AllowanceQ3 2022vs Q3 2021$521.00K$721.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$250.00K$150.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0

Rates for Legacy Community Federal Credit Union are currently being reviewed.


Legacy Community Federal Credit Union Locations
Branch Office200 Corporate RdgBirmingham, AL 35242-2948
Branch Office810 Colonial Promenade PkwyAlabaster, AL 35007
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

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