Allegacy FCU has become the latest to hit $1 billion in assets. Founded in 1967 as Reynolds Carolina FCU, the credit union expanded its membership to other companies in 1990, around the same time the North Carolina Bankers Association first put into motion legal action against CU expansion that led to the Supreme Court decision in the bankers' favor. The credit union that was the focus of that lawsuit, AT&T Family FCU, now called Truliant FCU, should hit the $1 billion mark soon, with $960 million in assets at mid-year.
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