Alliant Credit Union is an Illinois-based financial cooperative that offers personal banking products and loans to a wide membership consisting of hundreds of thousands of members. The credit union offers depository banking products, retirement and investing services, and various types of mortgage and personal loans.
In the way of depository banking products, Alliant offers checking, savings, Certificate (CD), and IRA accounts. The free checking account option has no monthly service fee, no minimum balance requirement, no check writing fees, and comes with a free Visa debit card and free checks. The teen checking account similar to the free checking but comes with optional parental and spending controls for joint owners to use to provide account management help. Savings account options feature competitive dividend rates, and a children’s savings account provides a way for parents to help their kids under age 12 to start saving early. Education savings accounts are also available and provide tax incentives to save for educational costs. Certificates (CDs) and IRA accounts are offered in term lengths ranging from 12 to 60 months and come with fixed dividend rates.
On the lending side, the credit union offers student, mortgage, home equity, vehicle, and various personal loans to provide financial assistance to members for various needs.
Alliant Credit Union online banking provides personal financial management capabilities for members to digitally perform tasks like transferring money, paying bills, electronically depositing checks, creating account alerts, and integrating account transactions into financial management software for budgeting and planning purposes. Mobile banking is also available through smartphone apps that are capable of mobile deposit as well as all of the aforementioned online banking functions.
Alliant Credit Union was originally established in 1935 by a group of United Airlines employees, who named it United Airlines Employees’ Credit Union. It opened its field of membership up to organizations outside of the airline in 2003, and has expanded its criteria considerably since then. The credit union is headquartered in Chicago, Illinois, and operates branch locations all across the United States.
Alliant Credit Union is open to anyone through membership in Foster Care to Success ($10 donation). Membership is also open to those who live or work in Niles, Northlake, Norridge, Park Ridge, River Grove, Prospect Heights, Rolling Meadows, Rosemont, Wood Dale, or Schiller Park, Illinois and to employees and members of select organizations.
See current membership details
Not sure why Alliant Credit Union gets low marks in some reviews here. They have always been very helpful when I contact them. Their rates are competitive and their website and mobile app are top notch. ACH transfers move very quickly with Alliant. I would not hesitate recommending Alliant.
This Credit Union is the only bank you will ever need for all of your financial needs. ACH transactions to and from generally get posted within a day. Lot of ATMs around(Any Credit Union ATMs or any Citi ATMs, located at CVS, are part of its network).
Very Good Interest rates on Savings and Checking account. Their Teen accounts are very perfect for my two teens.
I do have experience with Alliant for last couple of years and I am happy for all the services.
The process was easy getting a checking account with Alliant. They seem a little behind with technology. Their app could use a little bit of improvement. They don't offer text banking to check your balance by a text. The app seems a little slow to quickly check your balance. I have been charged overdraft fees and had checks returned when mathematically I don't know how it was possible. Some banks/credit unions will give you until the end of the business day or until midnight to fix overdrafts. Alliant won't, and unlike a bank, they have no limit to the amount of overdraft fees. Customer Service seems alright, hold times didn't seem excessive, but it seems to be a long process of getting verified before they will talk to you. Rates on checking accounts are good. I never had an interest bearing checking account before, so it is nice to see some interest earned at the end of the month.
I've done business with Alliant for a long time, although I currently have a small account, just in case I want to come back to them in the future. Got a notice from them to sign into my account to agree to updated privacy notices. But it wouldn't recognize what I knew was the correct password. Did a 'change password' and it recognized it once, but then refused to do so subsequently. Spent 20 minutes with a rep who verified that it wasn't recognizing even *their* temporary passwords, and said give her 'a few seconds' to trouble shoot it. 10 minutes later, I got disconnected with a 'fast busy'. Called back, said I needed to speak with a supervisor ASAP. After 10 minutes on hold, supervisor answered, and it went immediately to a 'fast busy' and hung up on me. Rinsed and repeated. 10 minutes later, got hold of a super, saying I needed 2 things: 1. A 1099 which I've not received. She offered to give me the amount over the phone. I explained to her the IRS doesn't take my word for earnings. and 2. I wanted to close my account, as these kind of screwed up system errors, disconnections, and the lack of callbacks (they have my phone number) was not something I wanted in dealing with any institution. So I'm out, and glad of it.
|Return on Assets - YTD||0.48%|
|Return on Equity - YTD||4.78%|
|Annual Interest Income||$455.1MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$13.54B$12.24B|
|Loans||Q4 2020vs Q4 2019||$9.12B$8.38B|
|Deposits||Q4 2020vs Q4 2019||$11.19B$10.04B|
|Equity Capital||Q4 2020vs Q4 2019||$1.32B$1.22B|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$118.7MM$65.2MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$51.5MM$45.7MM|
|Real Estate Owned||Q4 2020vs Q4 2019||$469.00K$1.7MM|
Rates for Alliant Credit Union are currently being reviewed.
Sorry, but we do not have location data for Alliant Credit Union. Its headquarters is located at 11545 W Touhy Ave - Chicago, IL 60666