As a member-owned credit union, every dollar we earn is reinvested in North Carolina — supporting local causes, strengthening communities, and delivering impact where it matters most

The Allegacy Foundation

Giving back is part of who we are

Through the Allegacy Foundation—our donor-advised fund with the Carolinas Credit Union Foundation—we support local nonprofit organizations, address critical needs across our communities, and help students take the next step through higher education.

 

Together with our members, teammates, and community partners, we focus our giving where it can make a meaningful difference—today and for generations to come. Whether you’re looking to donate or are a nonprofit seeking funding consideration, we’re grateful to walk alongside you in strengthening the communities we call home. 

 

Our focus areas:  

  • Health: Promoting early detection, prevention, and healthier futures 
  • Education: Empowering teachers, students, and lifelong learning 
  • Community-Specific Needs: Supporting solutions to evolving local needs 
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The Allegacy Foundation

Allegacy Scholarships: creating opportunities in education

Education can open doors—not just for individuals, but for families and communities across North Carolina. The Allegacy Scholarship Program is here to help students take that next step with confidence, offering financial support that turns hard work and ambition into real opportunity. 

In partnership with the Carolinas Credit Union Foundation, Allegacy awards scholarships of up to $10,000 per year to qualifying students who are pursuing higher education and working toward meaningful goals. 

Applicants must meet the following criteria: 

  • Be a primary Allegacy member with an individual savings account 
  • Have a minimum non-weighted GPA of 3.0 on a 4.0 scale 
  • Be a full-time college student or a high school senior accepted to an accredited post-secondary institution 

Preference is given to students who: 

  • Are pursuing degrees in healthcare or education 
  • Are first-generation college students 
  • Demonstrate financial need 

Applications open October 1 and close February 1. Scholarship recipients are notified in early May. 

Learn more and apply

Our community initiatives: putting care into action

Community is more than where we work—it’s who we’re committed to. From long-standing partnerships to hands-on service, our involvement reflects what matters most to us: showing up, listening, and doing the work that helps our neighbors thrive. 

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DW “Don’t Wait” Golf Tournament

Each year, golfers come together for a meaningful day on the course—raising funds and awareness to help prevent breast and ovarian cancers and support those affected.

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SummerLark

This annual summer concert raises funds for the Cancer Patient Support Program—ensuring individuals and families never have to face cancer alone.

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Supporting educators & students

Education has always been central to our purpose—from supporting classrooms to providing scholarships that help students move forward with confidence.

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Promoting economic development

We partner with chambers of commerce and local organizations working to strengthen opportunity, growth, and resilience across our communities.

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Financial health & wellbeing

Through education and outreach, we promote financial confidence—for our members, our employees, and the communities we call home.

Impact you can see, commitment you can trust

Supporting our communities isn’t just something we do—it’s who we are. Together with our members and team, we’re proud to put care into action in ways that make a real difference close to home.

4%
of net income reinvested to support health, education, and community-specific needs
5,926
hours volunteering and providing financial education across communities
$168K+
raised for cancer related charities in 2025

Make an Allegacy Foundation Grant Request

Our 2026 charitable grant cycle will run from June 1 to July 31. Grant requests must be completed via our online form and meet the criteria listed below. Please check back soon for the link and details. 

Grant Request Guidelines 

  • Organization is a registered 501(c)(3) nonprofit 
  • Request aligns with one of our focus areas: 
  • Health – promoting early detection, prevention, and healthier futures 
  • Education – empowering teachers, students, and lifelong learning 
  • Community-Focused Needs – supporting solutions to evolving local needs 
  • Grant funds will be used for general program support or projects, not event sponsorship 
  • Donation amount does not exceed $5,000 per organization per year 
  • Impact will be felt within the communities Allegacy serves 
  • Funding is not provided to individuals, religious organizations, and political organizations or candidates 
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