Intro – Allegent Community Federal Credit Union Reviews & Ranking
AdvisoryHQ recently published its list and review of the top credit unions in Pittsburgh, a list that included Allegent Community Federal Credit Union.
Below we have highlighted some of the many reasons Allegent Community Federal Credit Union was selected as one of the best credit unions in Pittsburgh.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
Allegent Community Federal Credit Union Review
Allegent Community Federal Credit Union was formed in 1935 to serve the government employees of Allegheny County, Pennsylvania. Starting with only ten federal employees participating and a total of seventy dollars in deposits, this hometown Pittsburgh credit union has since grown to include more than 14,000 members and over $158 million in assets.
While there have been many changes over the years, the one that has not changed is the commitment of this credit union in Pittsburgh to the members it serves and the communities where they live. Allegent Community Federal Credit Union measures success not by profits but rather by how much they return to their members in the form of services provided, dividends paid, and loans granted while continuing to maintain a financially safe and sound credit union.
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms
Upon completing our detailed review, Allegent Community Federal Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
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Allegent Community FCU Review: Flexible Checking Account Options
Variety is the spice of life, and Allegent Community FCU understands that their members have a variety of checking account needs and wants. For this reason, they offer a multitude of great checking account options. No matter what it is that a member is looking for in a checking account, this top credit union in Pittsburgh, PA, has them covered.
Image Source: Allegent Community Federal Credit Union
Flexible checking account options at Allegent Community FCU are:
- Membership Rewards Checking: a relationship checking account that offers discounts on other services such as gift cards, safe deposit boxes, and a credit card rate discount; $250 minimum deposit to open and no monthly fee
- Smart Money Checking: a high dividend-earning account with a $1,500 minimum opening deposit and $5,000 average daily balance requirement
- eChecking: paperless checking account with $5 minimum opening deposit and no monthly fee
- Fresh Start Checking: designed for members who are just starting out financially or who need a fresh start, $25 minimum opening deposit and $9 monthly fee
- Classic Checking: dividend-earning basic checking account; $50 minimum opening deposit and $500 average daily balance requirement
- Value Checking: basic checking account; $5 minimum opening deposit and no monthly fee
All of the checking accounts at this Pittsburgh credit union feature a free Visa debit card as well as free online banking, mobile banking, and eStatements. As an additional perk, the Membership Rewards, Smart Money, and eChecking accounts also earn a 0.25% loan rate discount as well.
Allegent Community FCU Review: Small Business Loans
Allegent Community FCU believes that all businesses play an important role in reinforcing the strength of our local communities. That is why they offer a variety of small business loans to help local businesses on their journey to grow and prosper.
Small business lending options offered by this credit union in Pittsburgh are:
- Demand loans: short-term loan payable in one lump sum
- Term loans: competitive rates and fixed terms up to 15 years
- Business real estate loans: no annual fees, borrow up to 80% of the property value, competitive rates and fixed terms up to 15 years with amortization up to 30 years
- Revolving line of credit: credit limit is set allowing for repeated access to cash flow for short-term borrowing needs
Allegent Community FCU Review: Visa Credit Cards
Allegent Community FCU offers two Visa credit cards for members to choose from. Both of these cards offer ease of use, convenience, and great low rates.
Cards available at this Pittsburgh credit union are the Membership Rewards Visa and Platinum Visa cards.
Features of the Membership Rewards Visa include:
- Fixed rate
- No annual fee
- No balance transfer fees
- Same rate for cash advances and purchases
- Earn 1 point for every dollar spent
- Receive 1% rate discount with an Allegent Membership Rewards Checking account
- Rates as low as 8.90%
Features of the Platinum Visa card are:
- Variable rates
- No annual fee
- No balance transfer fees
- Same rate for cash advances and purchases
- Rate is a variable 8.15% based on the Wall Street Journal Prime Rate
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
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