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 635th largest credit union in the nation. It was established in 1955 and as of June of 2022, it had grown to 102 employees and 38,129 members at 8 locations. Legacy Community Federal Credit Union's savings rates are 10X the national average, and it 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

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 - YTD0.55%
Return on Equity - YTD6.17%
Annual Interest Income$7.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$600.7MM$592.6MM
LoansQ2 2022vs Q2 2021$336.3MM$337.0MM
DepositsQ2 2022vs Q2 2021$542.4MM$528.1MM
Equity CapitalQ2 2022vs Q2 2021$53.8MM$60.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$557.00K$740.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$348.00K$403.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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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.

Legacy Community Federal Credit Union Savings Account Rates

5.00%*-$10kIncentive Savings
OTHER TIERS: 0.25% $1k+
0.50%*$100k*-Daily Share Balance
OTHER TIERS: 0.10% $100 - $2.5k | 0.20% $2.5k - $40k | 0.30% $40k - $100k
0.50%*$100k*-Club IRA Balance
OTHER TIERS: 0.10% $100 - $2.5k | 0.20% $2.5k - $40k | 0.30% $40k - $100k
0.10%--Christmas Club Account
0.10%--Regular Club Account

Legacy Community Federal Credit Union Money Market Rates

0.70%*$250k*-Preferred Money Market
OTHER TIERS: 0.05% Up to $10k | 0.20% $10k - $25k | 0.30% $25k - $50k | 0.50% $50k - $100k | 0.60% $100k - $250k

Legacy Community Federal Credit Union Checking Account Rates

3.00%-$15kEngage Checking

Legacy Community Federal Credit Union CD Rates

2.30%$500-25 Month CD
1.75%$500-24 Month CD
1.60%$500-18 Month CD
1.50%$500-13 Month CD
1.35%$500-60 Month CD
1.10%$500-48 Month CD
1.00%$500-12 Month CD
0.95%$500-36 Month CD
0.85%$500-30 Month CD
0.75%$500-6 Month CD
0.50%$500-91 Day CD

Legacy Community Federal Credit Union IRA Rates

2.30%$500-25 Month IRA
1.75%$500-24 Month IRA
1.60%$500-18 Month IRA
1.50%$500-13 Month IRA
1.35%$500-60 Month IRA
1.10%$500-48 Month IRA
1.00%$500-12 Month IRA
0.95%$500-36 Month IRA
0.85%$500-30 Month IRA
0.75%$500-6 Month IRA
0.50%$500-91 Day IRA

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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