Question 1

What is AllSouth Federal Credit Union?

Accepted Answer

AllSouth Federal Credit Union is a member-owned, not-for-profit financial cooperative serving the Midlands region of South Carolina. With over 118,000 members and approximately $1.4 billion in assets, AllSouth provides comprehensive banking services through 23 branch locations across 8 counties in South Carolina.

As a community-focused credit union, AllSouth offers accessible membership to anyone who lives, works, or has family relationships with existing members in their service area. The credit union also partners with the Financial Fitness Association and the Carolinas Credit Union Foundation to extend membership eligibility.

Question 2

When was AllSouth Federal Credit Union founded?

Accepted Answer

AllSouth Federal Credit Union was founded on July 1, 1960, originally as Fort Jackson Federal Credit Union. The credit union was established to serve military personnel and employees at Fort Jackson, one of the U.S. Army's largest and most active training centers.

Over its 65-year history, the credit union evolved from its military-focused origins to become a community-chartered institution serving the broader Midlands region of South Carolina. The name change to AllSouth Federal Credit Union reflected this expanded mission and commitment to serving all eligible members in the communities it serves.

Question 3

Where is AllSouth Federal Credit Union headquartered?

Accepted Answer

AllSouth Federal Credit Union is headquartered at 730 Elmwood Avenue in Columbia, South Carolina. The credit union opened an Operations Center at this location in November 2014, which houses both member-facing services and various operational departments.

Columbia serves as the capital city of South Carolina and the central hub for AllSouth's network of branches throughout the Midlands region.

Question 4

Where does AllSouth Federal Credit Union operate?

Accepted Answer

AllSouth Federal Credit Union operates throughout the Midlands region of South Carolina, serving 8 counties with 23 full-service branch locations. The credit union maintains branches in major cities and communities including Columbia, Irmo, Lexington, Cayce, Sumter, Camden, Newberry, Winnsboro, Batesburg-Leesville, and Saluda.

In addition to its branch network, AllSouth provides members with access to over 60 ATM locations throughout the region and more than 30,000 surcharge-free ATMs nationwide through cooperative networks. The credit union's digital banking services extend its reach beyond physical locations, allowing members to access their accounts anytime, anywhere.

Question 5

What services does AllSouth Federal Credit Union offer?

Accepted Answer

AllSouth Federal Credit Union provides a comprehensive range of financial products and services designed to meet diverse member needs:

Deposit Accounts: Share savings accounts, checking accounts, money market accounts, and certificates of deposit with competitive rates.

Lending Services: Personal loans, auto loans, mortgages (purchase and refinance), home equity loans and lines of credit, recreational vehicle loans (boats, RVs, motorcycles), and credit cards. All loan products feature competitive rates and flexible terms based on creditworthiness.

Digital Banking: Mobile banking app (available for iOS and Android) with features including mobile check deposit, account management, bill pay, fund transfers, Zelle payments, account alerts, and card controls. The credit union also offers comprehensive online banking through its website.

Additional Services: Loan protection insurance, wealth management consultations, financial education resources, and business banking services.

Question 6

What makes AllSouth Federal Credit Union unique?

Accepted Answer

AllSouth Federal Credit Union distinguishes itself through several key attributes:

Military Heritage: While now serving the broader community, AllSouth maintains strong ties to its origins serving Fort Jackson and continues to support military members and their families with specialized services and understanding of military financial needs.

Community Commitment: The credit union actively invests in the Midlands community through volunteer efforts and financial support for local organizations, particularly focusing on military support, family crisis assistance, and addressing homelessness and hunger issues.

Second Chance Banking: AllSouth offers second chance checking accounts for individuals who have experienced banking challenges in the past, demonstrating a commitment to financial inclusion and helping members rebuild their financial foundations.

Cooperative Values: As reflected in their core values of Service, Respect, Collaboration, Empathy, and Adaptability, AllSouth emphasizes member relationships over profits, with earnings returned to members through competitive rates and enhanced services.

Extensive Local Network: With 23 branches throughout the Midlands and over 60 local ATMs, AllSouth provides convenient access while maintaining the personalized service of a community financial institution.

Question 7

What type of financial institution is AllSouth Federal Credit Union?

Accepted Answer

AllSouth Federal Credit Union is a federally-chartered credit union regulated by the National Credit Union Administration (NCUA). As a federal credit union, member deposits are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the U.S. government.

As a financial cooperative, AllSouth operates on a not-for-profit basis and is owned by its members. Each member has equal voting rights (one member, one vote) regardless of account balance, and the credit union's board of directors is elected from the membership.

This cooperative structure means that AllSouth exists to serve its members' financial needs rather than generate profits for outside shareholders, allowing the credit union to offer competitive rates on deposits and loans while maintaining lower fees than many traditional banks.

AllSouth Federal Credit Union

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About AllSouth Federal Credit Union in the United States