Sep, 30, 2025 — ALLEGACY FEDERAL CREDIT UNION is a federal credit union headquartered in WINSTON SALEM, NC with 29 branch locations and about $2.41 billion in total assets. Opened 59 years ago in 1967, ALLEGACY FEDERAL CREDIT UNION has about 180,690 members and employs 423 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLEGACY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1691 Westbrook Plaza Dr WINSTON SALEM, NC 27103-2993 |
| Phone: | (336) 774-3400 |
| Fax: | (336) 774-4994 |
| Website: | https://www.allegacy.org |
| Branches: | 29 branch locations |
| Members: | 180,690 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24438 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,408,421,062 |
| CEO/Manager: | Nathanael Tarwasokono |
| Chairperson: | Lisa Marshall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 194,115,958 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 936,613 |
| Real Estate Loans | 1,288,923,530 |
| Unsecured Loans | 74,092,466 |
| Other Loans | 589,096,361 |
| TOTAL LOANS | 1,952,112,358 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,392,505 |
| Land And Building | 31,954,876 |
| Other Fixed Assets | 29,486,884 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 18,310,816 |
| All Other Assets | 345,372 |
| TOTAL ASSETS | 2,408,421,062 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 244 |
| Notes & Interest Payable | 24,047,619 |
| Accounts Payable & Other Liabilities | 55,296,558 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 451,285,846 |
| Regular shares | 437,727,700 |
| All Other Shares & Deposits | 1,160,381,506 |
| TOTAL SHARES & DEPOSITS | 2,049,395,052 |
| TOTAL LIABILITIES | 2,129,148,673 |
| Regular Reserve | 0 |
| Other Reserves | 2,360,539 |
| Undivided Earnings | 276,911,850 |
| TOTAL EQUITY | 279,272,389 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,408,421,062 |
| INCOME & EXPENSE | |
| Loan Income | 85,600,492 |
| Investment Income | 11,598,250 |
| Other Income | 28,731,264 |
| Total Employee Compensation & Benefits | 46,099,953 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 41,309,017 |
| Non-operating Income & (Expense) | 668,030 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,341,501 |
| Cost of Funds | 32,138,121 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,600,256 |
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