UNCG and Allegacy Federal Credit Union have announced a new collaboration that offers rewards for UNCG students, faculty and staff who use UNCG’s state-of-the-art Leonard J. Kaplan Center for Wellness.
The partnership is made possible thanks to the university’s new “Millennial Campus” designation, which allows UNCG to enter into arrangements with private-sector entities.
This fall, Allegacy will open a financial center on campus as part of the new Health and Wellness Millennial District. The credit union will be located in Spartan Village II, UNCG’s new mixed-use project featuring two residence halls and 26,000 square feet of retail space.
Allegacy’s AllHealth Wellness Savings Account is available to current and new members of the Kaplan Center. Designed as an incentive to be more active, the wellness savings account offers financial rewards for visits to the wellness center. Members will earn higher returns on their savings based on the number of visits to the center each month. Participants can earn up to 1 percent APY on a savings balance of up to $10,000.
“By broadly embracing the idea of health and wellness over a lifetime – bringing together concepts of both physical fitness and financial well-being – Allegacy is bringing unique value to UNCG and our neighboring community,” said Charlie Maimone, UNCG vice chancellor of business affairs. “Allegacy has demonstrated a commitment to providing great services. Even more, they are supporting UNCG’s academic and service mission through student learning opportunities and offering their expertise to many of our service programs. This important relationship is a model for partnerships as we continue developing our Millennial Campus into the future.”
“We are thrilled to collaborate with UNCG, expand our presence in Greensboro and be part of a unique mixed-use component of Spartan Village,” said Cathy Pace, president and CEO of Allegacy. “UNCG is transforming this location to enhance the entire community atmosphere, and we look forward to helping our members make positive changes in their financial lives and overall well-being with our many services.”
By Alyssa Bedrosian