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 631st largest credit union in the nation. It was established in 1955 and as of December of 2023, it had grown to 112 employees and 39,686 members at 9 locations. Legacy Community Federal Credit Union has a B+ 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

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.

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: |

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.

Bought My Credit Union, Changed CD Terms!

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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.



Health Grade Components

NCUA #24421
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.86%
Annual Interest Income$22.2MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$639.5MM$646.7MM
LoansQ4 2023vs Q4 2022$408.5MM$382.4MM
DepositsQ4 2023vs Q4 2022$564.4MM$578MM
Equity CapitalQ4 2023vs Q4 2022$66.9MM$61.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$925K$517K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.8MM$650K
Real Estate OwnedQ4 2023vs Q4 2022$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
Branch Office47 W Oxmoor RdBirmingham, AL 35209-6409

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