Allegacy Federal Credit Union
Headquarters
Po Box 26043
Winston Salem, NC 27114
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2024 Overview
General Credit Union Information
Allegacy is an NCUA insured institution located in Winston Salem, NC. It was founded in 1967 and has approximately $2241.14 millions in assets.
Who can join?
Persons who live, work, worship, or attend school in, and businesses and other legal entities located in Census Tract #48 in Mecklenburg County, North Carolina and in Census Tract #707 in Stokes County, North Carolina.
Eligible Employees and Retirees of Eligible Companies
Members of select associations are eligible to join, including
Center for Smart Financial Choices, Accion Hispana, Arbor Run Homeowners Association, Charlotte Art League, Clemmons Masonic Lodge, Common Grounds Youth Coffeehouse, Forsyth Chapter of American Business Women's Association, Forsyth County Bar Association, Forsyth Stokes Davie County Medical Society, Hispanic League of the Piedmont Triad, Human Service Alliance, Iglesia Bautista El Camino, Kernersville Little Theatre, Lantern Ridge Homeowner Association, Latin American Coalition, Mothers & More Lake Norman Chapter, North Carolina State Grange, North Meck Soccer, Pulse International, SECCA (Southeastern Center for Contemporary Art), Shallowford Lakes Homeowners, Sherwood West Homeowners Association, Southwest Forsyth Little League, Southwest Guilford High School Band Booster Club, Twin City Youth Soccer Association, Whitmore Place Home Owners Association, Wilmore Neighborhood Association, and Winston-Salem Delta Fine Arts, Inc.
Immediate family and members of the same household are also eligible to join.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24438 |
| Date Established | 1967 |
| Assets | $2,241.14 million |
| Loans | $1,779.07 million |
| Deposits | $1,884.93 million |
| Capital | $248.14 million |
Field of Membership Restrictions
Membership in Allegacy Federal Credit Union is open to anyone through joining one of the following associations: Center for Smart Financial Choices ($10 fee), Kernersville Little Theatre ($10 fee), Hispanic League ($10 fee), WS Delta Fine Arts ($10 fee), SW Guilford Band Booster Club ($10 fee), Secca ($10 fee), Pulse International ($10 fee), or Charlotte Art League ($40 fee). Membership is also open to those who live, work, attend school or worship in Davie, Stokes or Mecklenburg Counties in North Carolina or to employees of Forsyth County, Forsyth Hospital, and over 100 Select Employer Groups.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 24 Mo CD
|
3.55% | $1,000 | $250,000 |
Learn More
|
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Allegacy
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,600 | $2,049 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 1907 |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Allegacy
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Branches
Below are Allegacy branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
ALLEGACY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Allegacy Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Allegacy. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Allegacy | U.S. Average |
|---|---|
| 3.58% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Allegacy had $8,997,585 in non-current loans and $466,088 in owned assets. To cover these potential losses it had $248,142,935 in net worth and $16,100,427 in loans loss reserves. That gives it a Texas Ratio of 3.58%.
Net Worth
| Allegacy | U.S. Average |
|---|---|
| 11.07% | 13.62% |
Allegacy FCU has a net worth of 11.07% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Allegacy
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