Allegacy Federal Credit Union’s Investment Group promotes Merrill Shaw Stewart

WINSTON-SALEM, NC (October 13, 2022) — Allegacy Investment Group recently announced the promotion of Merrill (Shaw) Stewart to Program Manager, where she is responsible for the strategic growth and development of the Financial Planning Program.

In 2003, Stewart began her career at Allegacy in customer service, retail lending, and a sales and service team leader before becoming a Financial Center Manager. In 2008, she transitioned from retail to serve as Financial Assistant with Allegacy Investment Group and later became a Financial Advisor after obtaining several Financial Industry Regulatory Authority (FINRA) licenses. By 2016, Stewart was selected to become Associate Program Manager after achieving great success in her previous roles.

“Merrill lives out Allegacy’s core values and behaviors of helping people and providing ‘doing right’ moments,” said Chief Financial Planning Officer Steve Franke. “With this well-deserved promotion, Merrill will continue to lead, influence, and establish positive working relationships across all levels of our credit union and insure our members’ financial wellbeing is top priority.”

A 2002 graduate of University of North Carolina Charlotte, Stewart has become active in industry networking and study groups on a national level. In 2019, she was recognized by Bank Insurance Securities Association (BISA) for her leadership abilities, naming her as a BISA Rising Star in the industry for demonstrating outstanding promise and commitment in diversity and inclusion in the financial industry.

Merrill (Shaw) Stewart

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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