Like a Bank — Only Better.
AllyFed is a Credit Union. Credit unions have a different approach to financial services.
Credit unions exist solely to provide financial products and services at the lowest cost possible, and to provide members with excellent, personalized service.
As a member, you have a say in how the credit union is run. In fact, you can serve on the board of directors, which is elected from among your peers.
Since credit unions are not-for-profit, all excess proceeds go back to the membership in the form of better, more affordable products and services. This allows us to offer:
- Low rates on loans
- High dividends on savings products
- Accounts with fewer or lower fees
- Free checking and convenience services
Credit Unions are Continually Ranked #1
For more than 20 years, the American Bankers Association has asked consumers about their satisfaction with their primary financial institution. Each year, credit unions come out on top in this survey.