Alliant Credit Union

Overview / Commentary
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

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Alliant On-Line Savings Down To 0.90% - 6/1/2020

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View all posts from:

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).

A Superb Choice.

Posted by: |

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.

Sujit Pal

Make Them Your "Main Bank" -- Anywhere In The US

Posted by: |

Open to everyone, Alliant is a great place to make your primary institution.

In a nutshell, while they may not be at the VERY top for a particular deal (savings rate, CD, etc) they always seem to be in the TOP GROUP for most things -- good enough to where I stay with them for my main bank because they are such an easy, great credit union to deal with.

I'm a rate chaser, so often my CDs are at places that have one-time CD specials, instead of Alliant.. but those places usually never seem to be good places for your "main bank". Alliant is. Everything from rates to ease of banking (even if you don't live anywhere near a branch), to 24hr excellent customer service, to policies that are actually CUSTOMER-FRIENDLY (in everything from their Funds Availabiltiy policy to their way of resolving disputes). In other words, the exact OPPOSITE of a place like NavyFed, or other places with terrible policies. Alliant treats you right -- and unlike many other institutions, their computer systems are easy-to-use and up to date, and their Cust Service reps are totally on the ball.

I belong to 10 credit unions now, as well as a couple of banks. So I know my stuff. I'll have a credit card at one CU, a CD at another CD, a CD at yet another CU, etc.. but for my "main home", it's Alliant. I have savings accounts there, checking accounts, CDs, other services from time to time... when I move money it goes through Alliant.. and if I ever need a loan, they're one of the FEW places I'd feel comfortable in dealing with. They are professional all the way around, and you get that professionalism WITH great rates AND great policies.

No bank or CU can be ALL things to all people, but Alliant gets it right for the vast majority of things. I have no qualms about walking away from a CU or a bank (I've done it many times), but I'm still at Alliant... and while I patronize other places as well, Alliant is still my "home base." Check them out, you'll be glad you did.

ACH Transfer Limits

Posted by: |

I find it unacceptable that Alliant will allow $100,000 ACH daily limit if money is pulled into your account, but only allows a $25,000 daily limit if you want to push an ACH transfer out.

I spoke with a representative today who said there are no exceptions. They will not raise the Outbound ACH transfer limit no matter how high your balance is or how long you have been a member.

Yes, Alliant is good in that if you put in for the ACH transfer before noon Central Time the funds will be delivered by next business day, but again, the lower Outbound ACH limit compared to the Incoming is not fair, in my opinion.

So, I give Alliant 5 stars for offering a 1% savings account and for their speedy ACH transfers. I give Alliant 1 star for the fact they only allow $25,000 per day to be pushed out via ACH.

Alliant Credit Union Owns Your Money, Not You

Posted by: |

I have been with this credit union for a couple of years now. Overall, they have not been great. In fact, they have gotten worse and worse as time has gone on.

The customer service has declined greatly. Their departments do not speak to each other anymore (much like ATT).

In the past they provided a resolution center to dispute charges. They have done away with this, so, if a company who has at one point had access to your CC# decides to charge you, Alliant says it's your problem.

The real reason I'm leaving this review (and leaving Alliant) is a combination of a lack of competence, honesty, and professionalism in handling wire transfers.

I recently attempted to transfer funds to a trading account and they refused to wire my money even though I gave full authorization.

So, it's my money, but I am not allowed to transfer to a financial institution of my choice. Their policies change constantly, it doesn't matter what the original terms are that you agreed to. I don't understand how this is legal, but I don't think they care. They have your money, and you're only allowed ot use it in a way that's to their liking.

When I asked them for a list of authorized financial institutions I could transfer my money to, they said that there was no list.

They pick and choose how much money you are allowed to spend and what you are allowed to buy...with your money. This is how banks have always operated under the excuse "it's for your security," but Alliant is taking it many steps further.

When I asked for some sort of explanation, all I got back was "it's our policy."

This is why banks need to be a THING OF THE PAST.

If you want a bank that's sticking to an antiquated, impersonal, and corporate model of banking, go with Alliant Credit Union.

If you're someone who thinks that you should be in charge of your own money, then I STRONGLY recommend that you not put your money in Alliant Credit Union's hands. Like Hotel California, your money may never be able to leave.



Health Grade Components

NCUA #67955
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD-0.12%
Return on Equity - YTD-1.19%
Annual Interest Income$228.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$13.00B$11.79B
LoansQ2 2020vs Q2 2019$8.64B$8.35B
DepositsQ2 2020vs Q2 2019$10.70B$9.69B
Equity CapitalQ2 2020vs Q2 2019$1.26B$1.19B
Loan Loss AllowanceQ2 2020vs Q2 2019$106.9MM$63.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$53.7MM$38.2MM
Real Estate OwnedQ2 2020vs Q2 2019$619.00K$1.1MM
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Alliant Credit Union Savings Account Rates

0.65%$100-IRA Savings
0.65%$100-Supplemental Savings
0.65%$100-Kids Savings Account
0.65%$100-High-Rate Savings
0.65%$100-Custodial Savings Account
0.25%$100-Mortgage Share

Alliant Credit Union Checking Account Rates

0.25%--High-Rate Checking
0.25%--Teen Checking

Alliant Credit Union CD Rates

0.65%$1k$25k48 Month Share CD
0.65%$1k$25k60 Month Share CD
0.65%$25k-48 Month Jumbo Share CD
0.65%$25k-60 Month Jumbo Share CD
0.60%$1k$25k36 - 47 Month Share CD
0.60%$25k-36 - 47 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

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

Alliant Credit Union Locations
Branch Office233 S Wacker Dr Suite 435Chicago, IL 60606
Branch Office11545 W Touhy AveChicago, IL 60666

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