50 year celebration hero image Allegacy outdoors


Allegacy recently celebrated 50 years of being all in for our members, employees and community. We couldn't have done it without you!

Our Story

Follow our 50 year journey from 1967 to 2017.

1967 — 1979


Reynolds Carolina Credit Union was created.

Picture of skyscraper.

Formed to provide systematic savings and low cost loans for RJR employees.

Original Mission Statement

To deliver in a friendly, helpful and competent manner, quality, competitive services designed to meet our members’ needs.

T.S. "Steve" Elam, President

Photo of Steve Elam.

N Church Street Branch Opens

Comic strip representation of N Church Street Branch.


Computerized Core System is Implemented

Jeanette Byerly

Pictured is Jeanette Byerly who started with Allegacy in October of 1968 and retired in June 2012 with over 43 years of service!


Whitaker Park Branch Opens

Sketch of Whitaker Park


New Employee: Ike Keener

Ike Keener

Ike's hiring is announced in the company newsletter, he would later become President & CEO (in 1997)


World Headquarters Building Branch Opens

World Headquarters

5th Street Branch Opens

5th Street Branch


RCCU gets a new logo

1979 New Logo

The new design had three symmetrical parts, showing how the three major factors in our success to that point were interacting harmoniously.

Ellen Padgett Lee becomes President.

1980 — 1989


We offer our first home improvement loans.

Article from RCCU Today about Home Improvement Loans

The new loans, which can be used for a wide variety of home improvements, offer a favorable interest rate with generous repayment terms.


C. Melvin Hughes becomes President.

C. Melvin Hughes

We introduce All Savers Certificates.

All Savers Certificate


The Plaza Building branch opens.

The Plaza Building


We issue ID cards for member protection.

ID Cards


We start offering service by mail.

Service By Mail

RCCU is introducing a new service, designed to help you handle transactions by mail when you're unable to visit us in person.


The Whitaker Park Building gets built.

Whitaker Park Building

The Tobaccoville branch opens.

Tobaccoville Branch

We start offering home equity loans.

Home Equity Loans

RCCU's new Master Equity Line loan program allows you to borrow against the equity you've accumulated in your home.


We start offering mortgages services.

Download our first mortgages services offering catalogue


We roll out our very first ATMs.

Cash Camel ATM

Our Cash Camel Program lets members withdraw cash from their savings accounts. There were five dispensers at companies across Winston-Salem.

We offer membership to family.

Family Membership

1990 — 1994


Our members can get credit cards.

Credit Cards

What is the RCCU advantage? It's the RCCU Visa Card! Carry the card of convenience!

We introduce personal agency accounts.

Personal Agency Accounts

With a personal agency account, the account owner can appoint someone to act on his or her behalf.


The CarFacts Auto Advisory Center is founded.

CarFacts Auto Advisory Center

Here's Ken Elkins, an employee since 1990 – now the Senior Vice President of Lending.


Name change: RCCU is now RCFCU.

RCFCU Annual Report from 1992

When Reynolds Carolina Credit Union became federally chartered, we added a “federal” to our name: Reynolds Carolina Federal Credit Union.

The New Jersey branch opens.

New Jersey Branch

We merge with Nabisco Brands Employees FCU.

Report from the Chairman and the President

We offer our first certificates of deposit.


We offer three types of CDs to fit your needs: Regular, IRA and Jumbo.


We introduce checking accounts.

Checking Accounts

In 1993, we rolled out a quality checking service to continue fulfilling our mission, meeting our members' needs in a friendly and helpful way.


We open our doors to SEGs.

Select Employee Groups (SEGs) are organizations that offer credit union membership to their employees. Today, Allegacy serves 500+ SEGs.

We make Debit Cards available.

Debit Cards

It may look like a credit card – but you use it like your check!

1995 — 1999

1995 — 1999


The Hanes Mall branch opens.

The Hanes Mall Location


W.K. "Ike" Keener, Jr. is President + CEO.

W.K. 'Ike' Keener, Jr.

The Safe Passage Group is founded.

The Safe Passage Group

In 1997, we began offering financial planning services to our members through the Safe Passage Group.

We launch our first website + WebBanking.

Our First Website

Our original domain was ReynoldsFCU.org. Fun fact: this was also the year our area code changed from 910 to 336.

Our new call center opens.

New Call Center

Our first employee retires.

First Employee Retires

Jean Hill was RCFCU's first employee; she was our first retiree, too – saying goodbye to the team after 30 years of service.

We award the first Allegacy Scholarships.

Allegacy Scholarship

The first annual Allegacy Scholarships are awarded to local and deserving students.


We merge with Carolina MediCredit CU.


Our out-of-town service department opens.

Out-of-town Service Department

Our chairman is “Person of the Year.”

Ann Award

“We are pleased to announce that Ann A. Johnston recently received the Credit Union Person of the Year Award!”


We redesign our website.

Website Redesign

Our future CEO is “Marketer of the Year.”

Cathy Award

“Cathy J. Pace was recently voted Marketer of the Year by the Credit Union Executives Society (CUES).”

2000 — 2007


Name change: RCFCU is now Allegacy.

AFCU Logo from 2001

“The name is a combination of allegiance and legacy,” said CEO Ike Kenner. It expresses our heritage + our relationships with the communities we serve.

The North Patterson branch opens.

North Patterson branch

We begin offering auto-buying services.


The Westbrook branch opens.

The Westbrook branch

We open the Allegacy Village branch.

The Clemmons Allegacy Village branch


The Whitaker Square branch opens.

The Whitaker Square branch

The Kernersville branch opens.

Kernersville branch


Milestone: we reach $1 billion in assets.

$1 billion in assets

In 2004, we became the third credit union in North Carolina (after SECU and CFCU) to surpass $1 billion in total assets.

We begin offering commercial services.


“Smart Banking for the Good Life.”

The Allegacy Brand Book

We define our brand and begin a campaign to bring members closer to their vision of the good life.

We introduce payroll services.

Cooperative Payroll Solutions, LLC

Cooperative Payroll Solutions, LLC was the first credit union-owned payroll service bureau in the nation.

We acquire JBA Benefits.

JBA Benefits Logo

With the acquisition of JBA Benefits, we began to offer benefit services for businesses.


We redefine our mission.

Our Mission Statement in 2007

Why do members depend on us? We focus on their best interest and remain steadfast in our values, holding to our principles in everything we say and do.

Advanced Fraud Solutions is formed.

Advanced Fraud Solutions in 2007

Advanced Fraud Solutions was formed from a collaboration between Allegacy and the North Carolina Credit Union League.

2008 — 2012


We launch NC's first student-run branch.

NC's first student-run branch

North Carolina's first student-run credit union branch was at Reagan High School, bringing students convenience + financial education opportunities.

The North Patterson branch is expanded.

The North Patterson branch

We undergo a core system conversion.

Core system conversion

We win the Keystone “Integration” Award.

Keystone Integration Award

In 2008, CUSO Financial Services, L.P. gave the the Keystone Integration Award to Allegacy.


We roll out educational workshops.

Educational Workshops

We began offering free member workshops throughout the year on a variety of financial topics, designed for individuals and business owners.


Our employee wellness program rolls out.

The AllHealth Employee Wellness Program was founded to help employees pursue a healthy, balanced lifestyle, focusing on wellness, fitness + nutrition.

Disaster Recovery Infrastructure Build

Remote infrastructure built to provide essential services to our members and ensure business continuity in the event of a disaster.

Website Gets Redesigned

New Website in 2010


First TV Spots Air

First TV Spot

Lifestyle Loan Introduced

Lifestyle Loan Introduced in 2011

Bring your dream to life.

Mobile Banking App Offered

Allegacy is enabling you to take care of your finances in the moment, anywhere in the world – with apps for the iPhone, Android and Blackberry phones.

Outstanding Philanthropic Non-Profit Corporation Award

Philanthropy Award

From the Association of Fundraising Professionals, NC Triad Chapter


Teller No. 1 Retires After 43 years

First teller retires

When Jeanette started working for the credit union, there were only 7 employees. Not only was she bookkeeper, she was also a hand model for Reynolds Tobacco. She would hold the cigarette for advertisements, but she has never smoked.

Wake Forest Biotech Place Branch Opens

Wake Forest Biotech Place Branch

Mocksville Branch Opens

Mocksville Branch

Davidson Branch Opens

Davidson Branch

I-R Employees' Federal Credit Union Merger

I-R Employees' Federal Credit Union Merger handback

Health Savings Accounts Offered

HSA card

Triad’s Healthiest Employer

“Best in Class” by The Business Journal

Our future COO is "Named CUES NTCUE"

Ashley Award

Ashley Kohlrus named CUES Next Top Credit Union Executive.

"Best Practice" Awards

For Wellness & Lending by Credit Union Journal

Voted a Top Workplace in the Triad

Top Workplaces Award

Bag Childhood Hunger Food Drive

Bag Childhood Hunger Food Drive

Allegacy provided nearly 16,000 meals to children through the Bag Childhood Hunger food drive.

2013 — 2017


Cathy Pace became President and CEO

Cathy Pace

Peace Haven Branch Opens

The Peace Haven branch

Mobile Deposit Capability Introduced

Mobile Deposits

Our new mobile app makes deposits a snap.

The Center for Smart Financial Choices Opens

Center for Smart Financial Choices

In 2013, we held a Grand Opening for the CSFC: an impartial source of financial info in difficult economic times, with classes for every stage of life.

Healthiest Employer

Healthiest Employer in the Triad award

Congratulations to the employees of Allegacy for helping us win the Healthiest Employer in the Triad (100-499 employees) hosted by Triad Business Journal!


Kennedy SRCU Branch Opens

Kennedy SRCU branch

This marks the 8th Student-Run Credit Union in the state for Allegacy since the first opened in 2008.

Stafford Village Branch Opens

Stafford Village Branch

Mobile Site Launches

Mobile Site launch

America's Top 100 Healthiest Workplaces

Top 100 Healthiest Workplaces

We are proud to share that Allegacy was selected as one of the top 100 healthiest workplaces in America! Thank you to our employees who support our AllHealth program and are committed to improving their health!

First Annual Making Strides for Financial Fitness, a Retro Run

Retro Run

In keeping with our Financial Fitness focus, we hosted a 5K event to celebrate our members and to benefit The Center for Smart Financial Choices.


King Branch Opens

King Branch

Battleground Branch Opens

Battleground Branch

AllHealth Wellness Savings Account Introduced

AllHealth Wellness Accounts

Allegacy is now offering the AllHealth Wellness Account program which offers financial rewards for visits to the YMCA.

Apple Pay Offered

Apple Pay

Your Allegacy Visa card and Apple Pay will change the way you pay.

EMV / Chip Card Introduced

EMV - Chip Cards

The embedded chip provides enhanced security by preventing fraud at the register.


Brand Articulation: Be your best you

Brand Book Preview

Articulating what makes us different begins with understanding who we are. Our Brand reflects our culture and the philosophies that drive us.

Evolution to a Brand Culture

Brand Culture Book

Doing Right is the essence of our Brand and our Culture. It embodies who we are and influences how we look, what we say and the way we help each other — and our members — be our best.


Website Gets Redesigned

2017 Website Redesign

Our new website is designed with your interests in mind. Get ready for good things. Read the launch story.

Looking Forward

No one can be certain what the future will hold. But as Allegacy continues to do the right thing, focusing our members' wellbeing and work to build healthy, vibrant community we hope you'll join us.