Charlotte’s fourth largest credit union, Allegacy Federal Credit Union, is continuing to grow its presence in the Charlotte Region.
Last week, Allegacy officially opened its fourth financial center in the Greater Charlotte area, marking its entry into Union County. Located at 307 Unionville-Indian Trail Road, the financial center, strategically located on the southeast side of Indian Trail, is housed in a renovated space formerly occupied by SunTrust. Renovating the branch to reflect its own brand, the space provides retail, commercial, and investment banking services.
“As one of North Carolina’s largest credit unions, Allegacy continues to invest in the growth of the Charlotte area,” Allegacy President and CEO Cathy Pace said. “We wholeheartedly believe in the power of community, our employees, and strong culture of wellbeing.”
The Indian Trail location is Allegacy’s first branch to open in the Charlotte Region this year and fourth overall. The expansion aligns with Allegacy’s broader strategy to expand its network and serve its existing members in the Greater Charlotte area. Establishing a significant presence in Union County will help the Winston Salem-based credit union foster relationships with community leaders and welcome new members.
Allegacy opened a financial center at 3021 Prosperity Church Road in October 2022. The credit union has two other financial centers in the Greater Charlotte area including 100 Queens Road in Midtown and 735 Sustainability Way in the heart of Davidson.
Charlotte native, banking industry veteran, and longtime Allegacy employee, Rob Thomas, was named Charlotte Market Executive in 2023.
“We will continue to cultivate deeper relationships within the Greater Charlotte community and demonstrate that with our grassroots marketing efforts this year,” Thomas said. “This will include a continued focus on promoting financial health resources as well as supporting businesses of all sizes and women at various life stages.”
Founded in 1967, Allegacy Federal Credit Union, born of R.J. Reynolds Tobacco Company, now serves 170,000 members with $2 billion in assets and more than $1.6 billion in assets under management. With 19 locations, including the recently-opened Indian Trail branch, as well as nine student-run credit unions, Allegacy is poised for continued growth and community impact.
