Applications / Mortgage Analytics / Lenders / North Carolina / Allegacy Federal Credit Union
Winston Salem, NC · Credit union · NCUA · $2.5 billion assets · 1,706 loans in 2025
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1,706
loans originated, 2025
2,742
applications, 2025
15
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Allegacy Federal Credit Union ranks fifth among lenders in Winston-Salem and lends mostly for refinancing, home improvement and other purposes rather than home purchases.
Home purchases were only 14.9% of its loans; refinances were 32.4%, home improvement 29.3% and other purposes 23.3%. Its typical loan was $105,000, smaller than at about three-quarters of similar lenders (credit unions making between half and twice as many loans), and its typical rate, 5.75%, was lower than at more than nine in ten of them (7.00%). Its purchase denial rate, 3.2%, was lower than peers' 6.1%.
It ranked 5 of 465 lenders in Winston-Salem, its market since 1992, with 3.5% of lending, up 0.1 points; State Employees' Credit Union led. Its share also rose 0.1 points in Greensboro-High Point, to 0.6%.
Originations were 1,706, level with 1,698 the year before, while similar lenders grew 9% and the whole market 10%. That is about half its 3,163 loans of 2020, when its typical rate was 2.62%; in 2025 it was 5.75%.
LMI (low- and moderate-income) areas took 10.7% of its loans, against 15.0% at similar lenders, lower than more than four in five of them, and LMI borrowers 22.2%, against 27.1%. Its LMI borrower share is up from 13.2% five years before, and its majority-minority area share, 15.4%, was higher than peers' 10.9%. The make-up of the North Carolina markets it mainly serves is one possible reason.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Allegacy Federal Credit Union took 2,742 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 32.4% · Home improvement 29.3% · Other 23.3% · Purchase 14.9%
Conventional 99.8% · VA 0.2% · of 1,706 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| North Carolina | 1,562 | 91.6% |
| Georgia | 46 | 2.7% |
| South Carolina | 33 | 1.9% |
| Virginia | 19 | 1.1% |
| Florida | 13 | 0.8% |
| Pennsylvania | 11 | 0.6% |
| New Jersey | 10 | 0.6% |
| California | 2 | 0.1% |
| Illinois | 2 | 0.1% |
| Indiana | 2 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Winston-Salem | 995 |
| Charlotte-Concord-Gastonia | 242 |
| Greensboro-High Point | 156 |
| Raleigh-Cary | 27 |
| Atlanta-Sandy Springs-Roswell | 22 |
| Hickory-Lenoir-Morganton | 17 |
| Wilmington | 17 |
| Marietta | 15 |
| Durham-Chapel Hill | 10 |
| Newark | 8 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300TQWW6MLVH6KY61 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 228596 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524438 | 1992–2017 |
Established 1 January 1967. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Allegacy Federal Credit Union's data.
Allegacy Federal Credit Union's data
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Allegacy Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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