Alliant Credit Union


Overview / Commentary
800-328-1935
11545 W Touhy Ave
Chicago, IL 60666

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.

Field of Membership Restrictions

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

Related Posts

Alliant Savings Remains At 0.55% APY - 10/1/2021

For the 11th consecutive month, Alliant CU savings accts continue to pay 0.55% on balances of $100 or more. https://www.alliantcreditunion.org/bank/high-yield-savings

Alliant Credit Union Drops Overdraft Fees - 8/3/2021

I just got a notice from Alliant Credit Union that it has dropped overdraft fees on all checking and savings accounts. While on its face this sounds good, I have to wonder where they will make up that money. Will it be lower interest rates? At least they did not drop thair savings rate this month. Maybe other fees increased? We will see. But for now, this step is good. Over the past decade, banks earned more money from fees paid by their customers than they paid them in interest. But we’re not a bank, and you’re way more than just a customer, so… We're eliminating overdraft fees on all checking and savings accounts – it's just that simple. As of August 2, you’ll be automatically refunded within 1-2 business days for Courtesy Pay or non-sufficient funds (NSF) item fees you incur until we can program our systems to completely eliminate them! No sweat, we’ll still have you covered in an emergency if you’ve opted into Courtesy Pay. We won’t miss overdraft fees either, so no need

Alliant Savings Remains At 0.55% - 8/1/2021

For the 9th consecutive month, Alliant Savings continues to pay 0.55% APY. https://www.alliantcreditunion.org/bank/high-yield-savings#features

View all posts from:

12/1/18 - Alliant CU Savings FINALLY Back At 2%
11/1/18 - Another Small Rate Increase At Alliant CU
10/1/18 - Alliant Credit Union Has Raised Its High-Rate Savings APY
10/1/18 - Another Small Rate Increase From Alliant
9/17/18 - Alliant Credit Union Ups 12-17 Month CD Rate
9/16/18 - Alliant's 12 Mth CD Now 2.65% APY
9/2/18 - Raise Savings Rate To 1.80%
8/1/18 - Another Small Savings Account Rate Increase From Alliant CU
7/1/18 - Rate Increase On Savings To 1.7% APY on 1 July 2018
6/1/18 - Small Rate Increase At Alliant CU
4/1/18 - Somewhat Disappointing Rate Increase At Alliant CU
3/1/18 - Increase In CD Rates
2/2/18 - Alliant Credit Union Ups Savings Account Rate
2/1/18 - Alliant's Savings Rate Now 1.45% APY
2/1/18 - Nice Savings Rate Increase At Alliant CU
1/1/18 - Alliant Credit Union Increases High Rate Savings Rate By 5 bps
12/1/17 - Small Rate Increase At Alliant CU
10/26/17 - Alliant Credit Union Increases CD Rates - Still Not Close To The Rate Leaders
10/9/17 - No More HSAs At Alliant Credit Union
10/2/17 - Alliant CU Savings APY Up To 1.16%. Quick Look.
7/1/17 - Alliant Credit Union Raises Savings Account Rate
7/1/17 - Slight Savings Rate Increase
6/1/17 - Alliant Credit Union Increases CD Rates
4/26/17 - Alliant Credit Union CD Rate Increases
4/3/17 - Alliant CU (Easy Membership) Increases Savings Account APY
4/1/17 - Alliant Savings Rate Increase
9/27/16 - Alliant Credit Union Starts Same-Day Incoming ACH
7/17/16 - Alliant Drops 5-Year CD Rate
4/8/16 - Alliant CU Raises Savings Rate .05%
3/7/16 - Alliant Credit Union Promotes High Interest Checking Bonus
11/3/15 - Rate Hike at Alliant CU, But Lower ACH Transfer Limit
11/1/15 - Alliant Credit Union Savings Rate Bump To 1.00% From 0.95% APY
8/4/15 - Savings Account Rate Hike at Alliant Credit Union
8/1/15 - Alliant Credit Union Savings Rate Bump
5/14/15 - Alliant CU Raises Rates on Short-Term CDs To Competitive Levels
4/6/15 - Certificate Rate Drop
2/2/15 - Savings Account and CD Rate Hikes at Alliant Credit Union
1/30/15 - Alliant Credit Union Savings Account Bump
12/9/14 - Alliant CU Tax Information
11/7/14 - Alliant Checking Rebates Up To $20 Per Month In ATM Fees
10/1/14 - Alliant CU Savings Account Rate Bump
8/27/14 - Alliant Credit Union Transfer Capabilities Are Unavailable
8/15/14 - Alliant Now To Charge For Paper Statements
8/11/14 - Alliant CU Paper Statement Fee Begins 9-30-14
8/4/14 - Big CD Rate Increase at Alliant Credit Union
8/1/14 - CD Rate Increases
7/8/14 - Alliant Credit Union, Paper To Estatement $5 Incentive
7/8/14 - Alliant Credit Union $5 Debit Card Reward Offer For July
9/24/13 - Alliant Credit Union Checking Account Bonus and Updated Checking Review
8/13/13 - National Education Program Computer Gift Card Award
6/6/13 - Alliant FCU Cuts HSA Rates Again -- To Same Level As Normal Savings Rates
4/4/13 - Alliant CU Scheduled Outage Saturday 4-6-13
2/20/13 - Alliant CU Money Transfer Is Down
2/1/13 - Rate Cuts: Alliant Credit Union's Savings And Checking Accounts
5/23/12 - Alliant Credit Union Rate Cuts Scheduled For June 2012
4/2/12 - Rates Fall But Are Still Competitive at Alliant Credit Union
2/25/12 - Alliant Credit Union New Deposits And Payments Address
2/8/12 - Alliant Credit Union Rates Missing From CD Rates List
1/17/12 - Alliant CD Rate Drop
1/1/12 - Alliant CU Drops Savings Rate From 1.15% To 1.0%
11/29/11 - Top Savings & Checking Account Rates Continue at Alliant Credit Union
11/17/11 - Alliant Credit Union Cuts CD Rates By 20 BPS
11/1/11 - Does Alliant Credit Union Waive The Overdraft Fee For The First Time Each Year?
10/27/11 - Update on Alliant Credit Union - Top Rates Continue
9/24/11 - Alliant Credit Union's Savings Account Rate Holding For October 2011
8/22/11 - Alliant Credit Union's Savings Account Rates Holding For September 2011
7/26/11 - Alliant Credit Union Savings Account Rates Holding For August 2011
5/20/11 - Higher Long-Term CD Rate at Alliant Credit Union - Available Nationwide
2/17/11 - Alliant Credit Union's New Branches In TX, AZ & NJ
1/25/11 - Alliant CU Downtime 1/28-1/31, May Impact Debit Card Transactions
1/25/11 - Update on Alliant Credit Union's Savings and Checking Accounts
12/28/10 - Alliant Credit Union Cuts CD Rates By 20 Basis Points
12/17/10 - Alliant Savings Account Yield To Fall To 1.15% In January
12/17/10 - Alliant Credit Union's Savings and Checking Rate Scheduled to Drop in January
12/14/10 - Any Online Credit Union Suggestions Open To Anyone To Qualify For Sprint Discount
11/22/10 - Rates Remain The Same
10/25/10 - Alliant CU Checking And Savings Account Rate Will Remain 1.35% In November
10/20/10 - CD Rates Fall But Still Competitive at Alliant Credit Union
8/26/10 - Alliant Credit Union Cuts CD Rates
8/23/10 - Alliant Credit Union To Cut Savings And Checking Yield To 1.35% In September
7/21/10 - Alliant CU Checking And Savings Accounts Rates Will Remain 1.5% In August
7/19/10 - Alliant CU Credit Inquiry And Displayed Credit Score
6/30/10 - Watch Out For This BAD Practice By Alliant Credit Union
6/21/10 - Alliant Credit Union's Savings & Checking Rates For July
6/9/10 - Alliant Credit Union's Competitive CD Rates - Available Nationwide
5/26/10 - Alliant Credit Union's $50 High Rate Checking Bonus
5/25/10 - Alliant Credit Union's Savings & Checking Rates for June
4/25/10 - Alliant Credit Union Savings and Checking Account Rates for May
4/15/10 - Alliant Credit Union Is Improving Its ACH Transfer Service
3/25/10 - New Alliant Credit Union CD Rates - One Bit of Good News
3/23/10 - Alliant Credit Union Reducing Savings Account Yield to 1.50%
3/23/10 - Alliant Credit Union Makes It Easier To Join
3/21/10 - I Was Right Down To The "I Authorize" Button When The Hard Pull Question Entered My Head
3/11/10 - Check Out Bank Tracker Link
3/6/10 - Was Searching For Good Rates And Alliant Credit Union (Chicago) Does Have Excellent Rates
3/1/10 - PenFed, Alliant & Melrose Continue Top CD Rates into March
2/23/10 - Alliant Credit Union Will Keep Its Savings Rate At 2
2/22/10 - Alliant Credit Union's Savings Account Yield to Remain 2.00% for March
1/24/10 - 2.00% Savings Account to Continue in February at Alliant Credit Union
11/25/09 - Alliant Credit Union's Savings Account Rate to Remain 2% Through December
11/25/09 - Update on Alliant Credit Union - Competitive Savings Account and CD Rates
10/24/09 - Alliant Credit Union Increases CD Rates, Holds Savings Account Rate Steady - Available Nationwide
8/25/09 - Update on Alliant Credit Union's Savings Account and Checking Account
7/1/09 - Update on Alliant Credit Union's Checking, Savings and CDs
3/28/09 - Alliant Credit Union's Free High Rate Checking Account & Updates on its Savings Account, HSA and CDs
3/15/09 - Health Savings Account Overview and Finding the Best HSA
11/24/08 - Update on Alliant Credit Union's Savings Account and CDs
6/4/08 - Update on Alliant Credit Union Rates
3/22/08 - 5.40% 24-Month / 5.40% 12-Month CD at an Illinois CU - easy membership (Alliant).
1/25/08 - Update on Alliant Credit Union and its 5.40% CDs
1/25/08 - Update on Alliant Credit Union and Their Field of Membership
1/19/08 - 5.15% 24-Month / 5.15% 12-Month CD at an Illinois CU - easy membership (Alliant).

11 Years Of Great Service

As an ACH hub, checking provider, universal atm provider (including low fee overseas), competitive savings provider, Alliant is tops. Bill pay when it has to send a check instead of an electronic payment is a bit slow but still useful. The app is great. Customer service on the phone is good, too. I have been a very satisfied member for 11 years.

Overall Alright. App Could Use Improvements

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.

Worthless Credit Union

Posted by: |

I have a used truck loan at Marine Credit Union with a 4.9 interest rate, credit cards with PenFed Credit Union. I have been with Alliant Credit Union the longest and its really hard to get approved for anything with good credit. To me they are totally worthless. I'm not sure why anyone does business with them. They say on most website reviews they are horrible but a few give them a great rating . I found out those with the great ratings are getting a commission on you joining. DON'T JOIN, there are so many other really good Credit Unions that really give you quality personal business. I highly recommend looking into PenFed

Overall Very Good!

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.

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Health

Health Grade Components

Overall
NCUA #67955
Year Chartered1935
Employees650
Primary Regulator
Profit Margin
Return on Assets - YTD2.23%
Return on Equity - YTD21.76%
Annual Interest Income$226.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$14.29B$13.00B
LoansQ2 2021vs Q2 2020$9.07B$8.64B
DepositsQ2 2021vs Q2 2020$11.92B$10.70B
Equity CapitalQ2 2021vs Q2 2020$1.45B$1.26B
Loan Loss AllowanceQ2 2021vs Q2 2020$76.6MM$106.9MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$42.1MM$53.7MM
Real Estate OwnedQ2 2021vs Q2 2020$89.00K$619.00K
Rates
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Alliant Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$100-Savings
0.55%$100-IRA Savings
0.55%$100-Supplemental Savings
0.55%$100-Kids Savings Account
0.55%$100-High-Rate Savings
0.55%$100-Custodial Savings Account
0.55%$100-Ultimate Opportunity Savings (New Members Only)
0.25%$100-Mortgage Share

Alliant Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--High-Rate Checking
0.25%--Teen Checking

Alliant Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k$25k60 Month Share CD
0.65%$25k-60 Month Jumbo Share CD
0.60%$1k$25k36-47 Month Share CD
0.60%$1k$25k48 Month Share CD
0.60%$25k-36-47 Month Jumbo Share CD
0.60%$25k-48 Month Jumbo Share CD
0.55%$1k$25k12-17 Month Share CD
0.55%$1k$25k18-23 Month Share CD
0.55%$1k$25k24-35 Month Share CD
0.55%$25k-12-17 Month Jumbo Share CD
0.55%$25k-18-23 Month Jumbo Share CD
0.55%$25k-24-35 Month Jumbo Share CD

Alliant Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k$25k60 Month IRA
0.65%$25k-60 Month Jumbo IRA
0.60%$1k$25k36-47 Month IRA
0.60%$1k$25k48 Month IRA
0.60%$25k-36-47 Month Jumbo IRA
0.60%$25k-48 Month Jumbo IRA
0.55%$1k$25k12-17 Month IRA
0.55%$1k$25k18-23 Month IRA
0.55%$1k$25k24-35 Month IRA
0.55%$25k-12-17 Month Jumbo IRA
0.55%$25k-18-23 Month Jumbo IRA
0.55%$25k-24-35 Month Jumbo IRA
Locations

Sorry, but we do not have location data for Alliant Credit Union. Its headquarters is located at 11545 W Touhy Ave - Chicago, IL 60666

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