Question 1

What is Allied Federal Credit Union (Allied FCU)?

Accepted Answer

Allied Federal Credit Union (Allied FCU) is a community-chartered, not-for-profit financial cooperative serving the north Texas region. Headquartered in Arlington, Texas, the credit union operates three branch locations and manages over $131 million in assets while serving approximately 8,300 members.

Allied FCU specializes in providing comprehensive consumer and business banking services to residents, workers, students, and worshippers in Arlington, Mansfield, Pantego, and Dalworthington Gardens. As a member-owned cooperative, the credit union returns earnings to members through competitive rates and enhanced services rather than distributing profits to shareholders.

Question 2

When was Allied Federal Credit Union (Allied FCU) founded?

Accepted Answer

Allied Federal Credit Union was chartered on November 5, 1964, originally as Arlington Federal Credit Union. The credit union was founded by a group of City of Arlington employees who sought to provide financial security and assistance to their co-workers through a cooperative financial institution.

The first manager was Mrs. Vernon S. Watson, a volunteer who headed the Payroll and Personnel departments for the City of Arlington. From 1965 until 1973, the credit union operated from her payroll desk, with members' funds kept in a simple box—embodying the true "People Helping People" philosophy where employees with means would deposit funds so their co-workers in need could borrow.

In 1973, Mr. Vernon "Larry" R. LaRochelle became the first paid manager, and the credit union relocated to one of the city's annex buildings. Throughout the late 1970s and 1980s, Allied FCU expanded its field of membership to include employees of the North Central Texas Council of Governments, Trinity River Authority of Texas, City of Mansfield, Electrocom Automation (now Siemens), and the City of Midlothian.

A significant milestone occurred in 1998 when the credit union received a community charter to serve all residents of Arlington. This was expanded in 2001 to include the communities of Mansfield, Pantego, and Dalworthington Gardens. In 2014, Arlington Federal Credit Union officially changed its name to Allied Federal Credit Union to better reflect its expanded community charter and broader service area.

Question 3

Where is Allied Federal Credit Union (Allied FCU) headquartered?

Accepted Answer

Allied Federal Credit Union is headquartered at 200 SE Green Oaks Boulevard in Arlington, Texas. The Green Oaks branch building opened in May 2003 and serves as the credit union's main office.

Question 4

Where does Allied Federal Credit Union (Allied FCU) operate?

Accepted Answer

Allied FCU operates through three branch locations serving the north Texas communities of Arlington, Mansfield, Pantego, and Dalworthington Gardens. The credit union's branches include the headquarters location on Green Oaks Boulevard in Arlington, a South Arlington branch (opened in December 1996), and a Mansfield branch (opened in October 2004).

Membership is open to individuals and families who live, work, worship, or attend school in these four communities. The credit union also provides access to over 30,000 free ATMs nationwide through the Co-op ATM Network, extending convenient access well beyond its physical branch locations.

Question 5

What services does Allied Federal Credit Union (Allied FCU) offer?

Accepted Answer

Allied FCU provides a comprehensive range of financial products and services for both personal and business members:

Deposit Accounts: Free checking accounts with no minimum balance requirements, savings accounts (share accounts), money market accounts, share certificates (CDs), individual retirement accounts (IRAs), and specialized club accounts.

Lending Products: Auto loans with competitive rates, VISA credit cards and VISA Gold cards, mortgage loans, home equity loans, home improvement loans, and personal loans. The credit union also facilitates student loans through a partnership with Sallie Mae Bank.

Digital Banking Services: Comprehensive online banking and mobile banking through iOS and Android apps, featuring mobile check deposit, bill pay services, account-to-account transfers, eStatements and eDocuments, card controls with travel notice capabilities, and Touch ID/Face ID login options.

Additional Services: VISA debit cards with Uchoose Rewards program, safe deposit boxes (available at the Sanford location), investment services, insurance services, business checking accounts, and ACH services for business members.

The credit union offers access to over 30,000 free ATMs through the Co-op Network and maintains a focus on convenient, member-centric digital banking solutions.

Question 6

What makes Allied Federal Credit Union (Allied FCU) unique?

Accepted Answer

Allied FCU distinguishes itself through its deep community roots and six-decade history of serving north Texas families. Having evolved from a small employee-based credit union that literally operated from a payroll desk with funds kept in a box, Allied FCU maintains an authentic commitment to the credit union philosophy of "People Helping People."

The credit union's transformation from Arlington Federal Credit Union to Allied Federal Credit Union in 2014 reflects its deliberate expansion from serving select employee groups to embracing a true community charter. This approach allows anyone who lives, works, worships, or attends school in Arlington, Mansfield, Pantego, or Dalworthington Gardens to become a member.

Allied FCU emphasizes returning value to members through competitive loan rates, higher savings dividends, and fee-free services like checking accounts with no minimum balance requirements. The credit union demonstrates strong financial performance with assets growing over 2% in the most recent year and a healthy 11.05% net worth ratio.

With approximately 8,300 members and three strategically located branches, Allied FCU maintains a balance between personal service and modern digital banking convenience, making comprehensive financial services accessible to north Texas families and businesses.

Question 7

What type of financial institution is Allied Federal Credit Union (Allied FCU)?

Accepted Answer

Allied Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federally chartered institution, all member deposits are insured up to $250,000 by the NCUA, an agency of the federal government backed by the full faith and credit of the United States.

Allied FCU operates as a member-owned financial cooperative, meaning each member owns one share of the organization and has voting rights on important matters such as the election of the volunteer board of directors. Unlike traditional banks owned by stockholders seeking profit, credit unions exist solely to benefit their members by providing competitive rates, lower fees, and quality financial services.

Membership at Allied FCU requires a minimum deposit of $25 into a membership share account and eligibility based on the credit union's community charter—specifically, living, working, worshipping, or attending school in Arlington, Mansfield, Pantego, or Dalworthington Gardens, Texas. Once established as a member, individuals gain access to all credit union services and maintain ownership status regardless of account balance.

Allied Federal Credit Union (Allied FCU)

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About Allied Federal Credit Union (Allied FCU) in the United States