Credit union · NCUA insured
Allegius Credit Union
A $179.5M credit union headquartered in Burns Harbor, IN, with 11,180 members and 3 branches in Indiana. Best rates: CDs 3.60% and savings 0.30% APY.
Allegius Credit Union Carrot Score
86
Carrot Score
Higher than 74% of U.S. banks and credit unions
#37 of 124 in Chicago, IL-IN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Allegius Credit Union
Allegius Federal Credit Union is a member-owned financial institution officially chartered on April 15, 1966, originally beginning as Bethlehem Employees Federal Credit Union (BEFCU).
The credit union was founded to serve employees of Bethlehem Steel Corporation who worked in Burns Harbor, Indiana, and members of United Steelworkers of America Local 6787.
- Headquarters
- 244 Allegius Dr, Burns Harbor, IN 46304
- NCUA charter
- 17389
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of Allegius Credit Union are eligible for membership.
- Employees of The Arbors at Michigan City who work in or are paid from Michigan City, Indiana are eligible for membership.
- Employees of Bulk Transport Corp. who work in Michigan City, Indiana are eligible for membership.
- Members of the Independent Cat Society (headquartered in Westville, Indiana) are eligible to join by supporting the society with a $25 contribution at any Allegius office location during the new member process.
- Employees of Cleveland-Cliffs Inc. headquartered in Burns Harbor, Indiana are eligible for membership.
- Employees of CycleSport Yamaha who work in, or are paid or supervised from Hobart, Indiana are eligible for membership.
14 more ways to join
Employers and groups
- Employees of Five J’s Services Inc. dba Engravables and/or Duneland Specialties who work in Valparaiso, Indiana are eligible for membership.
- Employees of Hearthside Food Solutions who work in or are paid from Michigan City, Indiana are eligible for membership.
- Members of the International Longshoremen’s Association Local 2038 headquartered in Portage, Indiana are eligible for membership.
- Employees of Laborers` International Union of North America Local 81 who work in, or are paid or supervised from Valparaiso, Indiana are eligible for membership.
- Employees of Mittal Steel USA Railways dba Lake Michigan & IN Railways, Inc. who work in Burns Harbor, Indiana are eligible for membership.
- Employees of Paul Heuring Motors who work in Hobart, Indiana are eligible for membership.
- Members of the Plumbers Local Union No. 210 headquartered in Merrilville, Indiana are eligible for membership.
- Employees of Restaurant Management Corporation who are headquartered in Portage, Indiana are eligible for membership.
- Employees of Sun Engineering, Inc. who work in, or are paid or supervised from LakeStation, Indiana are eligible for membership.
- Members of the Local Union 6787 headquartered in Chesterton, Indiana are eligible for membership.
- Employees of Yesterday’s Treasures who work in, or are paid or supervised from Chesterton, Indiana are eligible for membership.
Military, government and schools
- Employees of the Town of Burns Harbor who are headquartered in Burns Harbor, Indiana are eligible for membership.
Family and household
- Immediate family members of current members (defined as spouse, child, sibling, parent, grandparent, grandchild, stepparents, stepchildren, stepsiblings, and adoptive relationships) are eligible for membership.
Other ways
- Spouses of persons who died while within the field of membership, retirees/pensioners/annuitants from eligible employers, volunteers, members of their immediate family or household, organizations of such persons, and corporate or other legal entities in the charter are eligible for membership.
Cost to join
- Opening a Share Savings Account with a minimum $5 deposit is required to establish membership.
- A $25 donation/contribution to the Independent Cat Society is required when joining via the Independent Cat Society membership path.
Branches
3 branches in Indiana
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Indiana
3 branches
Chicago area · 2
- Allegius Credit UnionMain office244 Allegius Dr, Burns Harbor, IN 46304Directions
- Allegius Credit Union Hobart Office2027 E 37th Ave, Hobart, IN 46342Directions
Michigan City area · 1
- Michigan City Office1015 E US Highway 20, Michigan City, IN 46360Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 14.22% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.63% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.31% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $53 | $76 | — |
- CapitalNet worth ratio14.22%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.63%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.31%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$53Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Allegius Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.