In the 35
years since it was started as a benefit for RJ Reynolds Tobacco Company
employees, Allegacy Federal Credit Union has become the fourth largest
credit union in North Carolina and is rated among the top 100 in the nation.
By 1998, with $665 million in assets and 67,000 members worldwide, the
institution had well outgrown its infrastructure. To guide its growth
into the new millennium, Allegacy enlisted the expertise of KDA Holdings.
KDA’s strategy was shaped by two governing factors. First, a strategic
facility planning study showed that Allegacy’s existing main office
was not functionally and spatially equipped to support their projected
growth over the next decade. Second, there was insufficient land adjacent
to the current site to accommodate a large-scale add-on. In the final
analysis, the need for a new main office and real estate solution clearly
emerged.
KDA not only identified a 10-acre site situated within one of Winston-Salem’s
most prominent commercial areas, they acquired the real estate for $3.00
per sq. ft. less than comparable sites within the major retail sector.
Here, KDA developed an expansive headquarter campus whose functionality
is matched only by its scenic beauty – enhanced by a park, two ponds,
and a pavilion. In addition to the main office facility, KDA has completed
several branch facilities as identified in the strategic facility planning
study it developed for Allegacy.
