Allegacy Federal Credit Union increases minimum wage to $17 hourly/$33k annually

WINSTON-SALEM, NC (January 11, 2023) — In efforts to attract and engage talent, Allegacy Federal Credit Union announced that it is raising its minimum wage to $17.00 per hour.

“The job market is ever-evolving, and we believe drawing in new talent will contribute to our ongoing success,” said Cathy Pace, Allegacy President and CEO. “Our strong and competitive wages, comprehensive benefits, and career development opportunities make Allegacy a place to build a fulfilling career, not just a place to work.”

Allegacy currently pays entry level member service representatives with up to two years of experience, $15.55 per hour, with a starting pay of $30,322 annually. With the wage hike, the annual pay will increase by $2,828 per year to $33,150.

“We want to ensure we do the right thing for our current and future employees,” said Pace. “This wage increase not only strengthens our position in the marketplace, it rewards our dedicated teammates for their outstanding accomplishments.”

About Allegacy Federal Credit Union

For 57 years, Allegacy Federal Credit Union has helped its members, employees, and the communities it  serves be their best by helping all make smart financial decisions. Allegacy is one of the largest credit  unions in North Carolina, serving more than 173,000 members worldwide with $2.2 billion in assets and  more than $1.5 billion in assets under management in Allegacy Investment Group, offered through CUSO  Financial Services, LP. With roots in Winston-Salem, Allegacy has 19 locations across the Triad and  Charlotte areas, and nine high school student-run credit unions. Allegacy offers personal and business  financial services to its members, including the employees, retirees, and families of more than 5,000  companies throughout the country. To learn more, visit


Melody Owens

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