Community Wellbeing Impact Report

Together, we emerged stronger in 2021

At Allegacy, we embrace “doing right” moments and enjoy reflecting upon the shared successes and impactful moments of 2021. As we emerged stronger caring for you in our community efforts remained a top priority as did helping our members reach their goals. In our evolved togetherness, we’ve continued to support one another. The numbers are still coming in but let’s celebrate all the strides we made so far this year – thank you for showing up and shining on!

Allegacy car parked at downtown intersection with red white and blue balloon arch in the background

5,315+ hours

volunteering and providing financial education

$22,222 saved

on average by debt reduction program participants

$490,000 donated

in our community by funds raised, charitable contributions + more

165,000 members

chose savings account as a way to grow their balances, 40% of which are SmartRate Checking as a way to earn premium dividends*

546 families

moved into the home of their dreams or saved money on their current one through refinancing

250 financial plans

created for members by our Financial Planning team toward retirement, family growth and other life transition preparation

11,669 goals

funded through loans for everything from new rides to higher education to orthodontics

$16,550,081 forgiven

in 295 Payroll Protection Loans

14,000 employees

provided with benefit solutions across 300 employers


The way we live, work + learn evolved.

And so did the way you asked us to bank. With our digital everywhere suite of products, we complemented our in-person Financial Center services with more access by voice, SmartWatch, palm scan, mobile and via video.

close up of ITM screen showing smiling Allegacy Teller in video window ready to help

The 2021 DW “Don’t Wait” Annual Golf Tournament was a huge success, raising $71,000, bringing Allegacy’s total contribution to Cancer Services, Inc. to $1.2 million in its 22-year history. Proceeds benefit cancer survivors directly, providing financial assistance, medical supplies, special programs, advocacy and more at no cost to the patient. The funds also benefit those in our community who want to know about cancer prevention and techniques for early detection. The 2022 DW Golf Tournament will be held on October 6, 2022. We appreciate your support as a golfer, sponsor, or donor.

2022 Tournament

We appreciate your support as a golfer, sponsor or donor.

Proud to enrich our community

At Allegacy, we embrace “doing right” moments that allow us to exhibit our core values of care, collaborate, grow, and serve. It’s why we sponsor community events and causes that enrich the lives of our neighbors. It’s what drives us to address community needs related to education, food insecurity, and health and wellbeing. It’s why we volunteer our time to non-profit organizations that provide essential services to help those in need. We are proud of our commitment to being an integral part of the community where we live, work, and play.

Reinvested nearly 5% of our net income

These dollars supported our communities through charitable contributions, sponsorships and foundation gifts among our philanthropic priorities: food insecurity, education and health + wellbeing.

Allegacy car picking up Empty Bowls order

Winterlark 2021

As Presenting Sponsor of Winterlark 2021, Allegacy helped Wake Forest Baptist Medical Center raise over $375,000, the most ever raised in its 38-year history, to fund the Cancer Patient Support Program. Allegacy is committed to the promise that no one faces cancer alone and will again sponsor Winterlark 2022.

Winterlark's 2021 Chairs: Coleman and Sarah Team, Ashley and Matt Kohlrus

Vaccination Clinics

Collectively volunteered over 100 hours at Novant Health COVID-19 Vaccination Clinics throughout the Triad.

Three employees in masks volunteering at a Novant Health vaccination clinic

Gave back to the community by logging 1,315 volunteer hours, which translates to an economic impact of $37,530.¹


Virtual Events

Sponsored the Trellis Supportive Care Virtual Hope Run, Second Harvest Food Bank’s 20th Anniversary Empty Bowls and Farm to Fourth fundraisers, the American Red Cross Salute to Heroes and the Women’s Council Garden Party.

Employee Engagement

Engaged employees and members in on-going Community Development efforts like the Virtual Hospice Hope Run, the Walk to End Alzheimer’s, street cleaning, the Heart Walk and donations to SECU Family House, Cover the City blanket drive, and the Salvation Army’s Angel Trees, among others.

Celebrated Community Diversity

Celebrated the rich diversity within our community by supporting Winston-Salem’s Juneteenth celebration, the REACH Women’s Conference, Winston-Salem State University, Cone Health’s Women’s Only Virtual Run, the Black Philanthropy Initiative, and the YWCA Women of Vision Awards.

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    According to Independent Sector, the value of volunteer time is $28.54 per hour in 2021.