5 starsAverage User Rating:
Based on 3 user reviews.

Alliant Credit Union

11545 W. Touhy Avenue
Chicago , IL 60666
800-328-1935
www.alliantcreditunion.org



Alliant Credit Union is headquartered in Chicago and is the largest credit union in the state of Illinois. It is also the 6th largest credit union in the nation. It was established in 1935 and as of September of 2011, it had grown to 311 employees and 283,393 members. Alliant Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

Alliant Credit Union Routing Number: 271081528

Related Posts

Alliant CD Rate Drop (Forum) - 1/17/2012

Alliant CU lowered most of their CD rates by .20%.  For example, the 4 or 5 year CD was 2.00% and is now 1.80%.  Looks like the 2.00% or better CD rates (for up to 5 years) continue to disappear.

Alliant CU Drops Savings Rate From 1.15% To 1.0% (Forum) - 1/1/2012

Alliant Credit Union unfortunately started the year with a significant rate drop for its savings account, dropping from 1.15% APY to 1.0% APY. 2012 already looking bleak.

Top Savings & Checking Account Rates Continue at Alliant Credit Union - 11/29/2011

I just confirmed that Alliant Credit Union will be keeping its savings and checking rates the same for December. Alliant Savings Account has a 1.15% APY on balances of $100 or more. Its High Rate Chec ...

Alliant Credit Union Cuts CD Rates By 20 BPS (Forum) - 11/17/2011

All of Alliant Credit Union CD rates fell this morning by 20 basis points. I was worried we might see a cut since they were so much higher than others. The new rates are still competitive. Below are the new rates for a minimum deposit of $25K: 1.10% A

2011

2010




See Rates for: Checking | Savings | CD | IRA

Alliant Credit Union Checking Account Rates

ApyMinMaxProduct
1.75%--Health Savings Account
0.95%--High Rate Checking

Alliant Credit Union Savings Account Rates

ApyMinMaxProduct
1.00%--Savings
1.00%--Coverdell ESA Savings
1.00%--IRA Savings
1.00%--Roth IRA Savings
1.00%--SEP IRA Savings
0.25%--Mortgage Share

Alliant Credit Union CD Rates

ApyMinMaxProduct
1.80%$1k-48 - 59 Month Share CD
1.80%$1k-60+ Month Share CD
1.50%$1k-36 - 47 Month Share CD
1.30%$1k-24 - 35 Month Share CD
1.15%$1k-18 - 23 Month Share CD
1.00%$1k-12 - 17 Month Share CD

Alliant Credit Union IRA Rates

ApyMinMaxProduct
1.80%$1k-48 - 60 Month Traditional IRA
1.80%$1k-48 - 60 Month Roth IRA
1.80%$1k-48 - 60 Month SEP IRA
1.80%$1k-48 - 60 Month CESA
1.80%$1k-60+ Month CESA
1.80%$1k-60+ Month Roth IRA
1.80%$1k-60+ Month SEP IRA
1.80%$1k-60+ Month Traditional IRA
1.50%$1k-36 - 47 Month Traditional IRA
1.50%$1k-36 - 47 Month Roth IRA
1.50%$1k-36 - 47 Month SEP IRA
1.50%$1k-36 - 47 Month CESA
1.30%$1k-24 - 35 Month Traditional IRA
1.30%$1k-24 - 35 Month Roth IRA
1.30%$1k-24 - 35 Month SEP IRA
1.30%$1k-24 - 35 Month CESA
1.15%$1k-18 - 23 Month Traditional IRA
1.15%$1k-18 - 23 Month Roth IRA
1.15%$1k-18 - 23 Month SEP IRA
1.15%$1k-18 - 23 Month CESA
1.00%$1k-12 - 17 Month Traditional IRA
1.00%$1k-12 - 17 Month Roth IRA
1.00%$1k-12 - 17 Month SEP IRA
1.00%$1k-12 - 17 Month CESA

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


ALLIANT
NCUA #67955
BankRate ReportView
Year Established1935
Employees311
Primary Regulator

Assets and Liabilities

Assets$7.95 billion
Loans$3.40 billion
Deposits$6.63 billion
Equity Capital$794.27 million
Loan Loss Allowance$27.41 million
Unbacked Noncurrent Loans$42.66 million
Real Estate Owned$4.52 million

Historic Data - September 2010

Assets$7.48 billion
Equity Capital$757.06 million
Loan Loss Allowance$32.79 million
Unbacked Noncurrent Loans$30.23 million
Real Estate Owned$2.01 million

Profit Margin - Quarterly

Net Interest Margin2.61%
Return on Assets0.64%
Return on Equity6.39%
Interest Income$160.99 million
Non-Interest Income$16.67 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Alliant Credit Union had $47.18 million in non-current loans and owned real-estate with $821.67 million in equity and loan loss allowances on hand to cover it. This gives Alliant Credit Union a Texas Ratio of 5.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Alliant Credit Union held steady from 4.08% as of September 30, 2010 to 5.74% as of September 30, 2011, resulting in a negative change of 40.64%. This indicates that the balance sheet and financial strength for Alliant Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Alliant Credit Union has increased its total deposits by $468.17 million, resulting in 7.59% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alliant Credit Union has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alliant Credit Union has $7.95 billion in assets with $821.67 million in equity, resulting in a capitalization level of 10.33%, which is above average.
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Alliant CU - I'd Recommend It To Anyone
5 stars - ichaelm - Monday, December 13, 2010 - 5:22 PM

This CU is so highly regarded here at depositaccounts and at FW that it hardly needs a review (which makes me wonder why I'm writing one, lol) I've had savings and checking accounts with them for about three and a half years. When I was doing the 0% BT game I had several hundred thousand dollars on deposit with them. I've never once had a problem. They always answer my emails the same day - often within an hour! As BankingGuy's weekly rate summaries show, their deposit account rates are always near the top of the list. They provide your credit score for free, and update it every 3 months. Your first order of checks is free. ACH transfers, both push and pull, are free. If you schedule a transfer before noon Central Time, the money will be in the requested account by the following day. There were 2 instances that they charged me fees for reversed transactions that weren't my fault. Both times I emailed them about it and both times they waived the fees immediately, no questions asked. They're big on education - an easy way to qualify for membership is to belong to your local or the national PTA. Every year they award scholarships to undergraduate college students who have accounts with them and computer certificates to children and highschoolers that are Alliant customers. Alliant CU is the former United Airlines Employees CU, which is why over half of their branches are located at airports. They have >80,000 surcharge-free ATM's and you can call them about your account 24/7. I've never seen them run a bonus offer for opening a new account, but with all the positive word of mouth advertising that they receive, they probably don't see any need to. The only reason that I'm giving them five stars is that I can't give them six!

19

Alliant Credit Union Saving And High Interest Checking Account
5 stars - outtempster - Wednesday, June 16, 2010 - 1:40 PM

If you are looking for a good rate saving account so that you can freely take money out or deposit in, Alliant Credit Union is one of the best choices. the interest rate is 1.50% APY.

Or,  if you can set up a direct deposit, or reoccurance of monthly transfer from another bank/credit Union, you can get the high interest rate checking account with the same interest rate 1.50% APY, which is even better, as you are not limited to 6 withdraws as the saving account is.

Alliant Credit Union has kept their interest rate competitive over the years. Even though the interest rate dropped a lot compare to 2007 or 2008, it's still very competitive among all the banks and credit unions.

17

Alliant CU - Review & Comments
5 stars - emdtech - Wednesday, January 4, 2012 - 7:25 PM

Alliant CU is our primary CU for everyone in our family. Alliant’s IRA department personnel have been very helpful with setting up accounts and handling transfers from other institutions.

I would highly recommend this Credit Union to everyone. We have been with Alliant since Feb 2009 and have checking, savings, CD's, Traditional & Roth CD IRA's and Education IRA's accounts.

5