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 is available online only.

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 the Illinois communities of Arlington Heights, Bensenville, Des Plaines, Elk Grove Village, Elmhurst, Franklin Park, Harwood Heights, Itasca, Mount Prospect, Niles, Norridge, NorthLake, Park Ridge, Prospect Heights, River Grove, Rolling Meadows, Rosemont, Schiller Park, or Wood Dale and to employees and members of select organizations, including O'Hare International Airport.
See current membership details

Related Posts

My Alliant CD Dilemma - 2/22/2024

Bit of a sticky one for me at Alliant currently. Their CD interest rates, though perhaps not spectacular, are at least respectable. And I want to be a player except that: As Alliant followers are well aware we have entered a treacherous interval of time there. This next several weeks will most likely be when some members are unceremoniously, and without any stated reason, excised from Alliant. As attractive as the Alliant CDs might be, I am hesitant to open one given I am at threat, just as is any Alliant member, of being kicked out of the credit union only shortly after making my investment. When I open a CD I need some assurance my chosen FI will see me, and my new CD, through to maturity. You do not have that at Alliant.

Decrease In CD Rates - 2/1/2024

Small changes in CD Rates greatest decrease in the 18 and 60 month. CD's. Changes to standard CD's listed below: Term Old APR New APR 6 Month 4.50% 4.25% 18 Month 5.30% 5.03% 24 Month 4.45% 4.40% 36 Month 4.45% 4.40% 48 Month 4.18% 4.05% 60 Month 4.35% 4.00%

Alliant Credit Union Boosts 12-17 Month CD Rate - 1/9/2024

Alliant Credit Union (easy membership) has added 25 bps to its 18-month Share CD, boosting the tiered APYs to near rate-leading levels. $1k or $75k minimum deposit.

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12/15/21 - Alliant Credit Union $100 Savings Bonus Still Available
12/1/21 - Alliant Savings, Once Again, Remains At 0.55%
11/1/21 - Alliant Savings Remains At 0.55%
10/1/21 - Alliant Savings Remains At 0.55% APY
8/3/21 - Alliant Credit Union Drops Overdraft Fees
8/1/21 - Alliant Savings Remains At 0.55%
7/1/21 - Alliant CU Savings Remains At 0.55%
5/1/21 - Alliant CU Savings Holds At 0.55%
2/1/21 - Good News - Alliant Savings Remains At .55%
1/21/21 - Alliant Credit Union Offers $100 Bonus On New Savings Account
1/18/21 - Open Savings Account and Deposit $100 a month for 12 months and get $100 Bonus
1/1/21 - "Happy New Year" from Alliant CU - No rate change
12/1/20 - Early Christmas Present From Alliant CU - No Rate Change
11/1/20 - Alliant CU Drops Savings Rate From 0.65% To 0.55%
10/1/20 - Alliant Savings Remains At 0.65%
9/2/20 - Alliant CU Savings Account Down To 0.65% APY
6/2/20 - When Savings Account Rates Are Going Up........
6/1/20 - Alliant On-Line Savings Down To 0.90%
5/1/20 - Alliant Savings Drops To 1.20% APY
4/1/20 - Alliant Drops Rates
3/19/20 - Alliant Cuts CD Rates 20 Bps
3/14/20 - Rate Drop And Curve Flattens
2/1/20 - ANOTHER Rate Decrease At Alliant CU!!
1/1/20 - No Rate Changes - So Far - At Alliant CU
12/1/19 - Rate Drop At Alliant
11/1/19 - Yet ANOTHER Rate Cut At Alliant
10/1/19 - Disappointing - Alliant Savings Drops Another 10 Points
9/2/19 - Alliant CU Drops Savings Rate To 1.90%
8/1/19 - Surprisingly, Alliant CU Leaves Savings Rate Unchanged At 2.10%
7/1/19 - Alliant Savings Remains At 2.10% APY
3/29/19 - Alliant CD Rates Down Slightly 3/28/19
2/1/19 - Alliant Rate Up Slightly
1/1/19 - No New Year's Savings Rate Increase At Alliant CU
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).

Excellent Service, Website, And Rate

Posted by: |

They are extremely responsive. Secure messages are replied to and solved the next business day. They are also very honest and transparent about the earnings and frequently update their competitive APY. Also, they don't have the limit of 6 transfers on the savings. After all, the best banking experience I've had so far!

Nothing Is Perfect, But Alliant Pretty Darn Good

Posted by: |

I've been a member for 10 years. My old CU was put into receivership and Alliant became the new entity. I see these negative reviews and can only conclude the reviewers would have the same opinion no matter where they "banked". I dare anyone to walk into a local bank and get the rates that Alliant offers. Even one of your local CUs. Not possible
The only criticism I have is the website. It sets a cookie to verify you, and if your computer deletes the cookie, then you have to be reverified, and it's a pain.
Alerts and notifications are far better than the other CUs I have dealt with.

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.

Most Frustrating Bank Ever

I really hate this bank. They don't have enough personnel to deal with wire transfers. I'm in another country buying a car and these people can't send a simple wire transfer. They are never available on the phone either. The call wait time is countless. In addition, there is only one central phone number. First you have to wait for some generalized individual to answer that line (long waits). When you get them on the phone (paying every minute of international cell phone time), they waste your time asking security questions. Then, they transfer you to the wire transfer department. And of course, no one answers the phone there. If they are too busy, they will just drop your call. "There is no one to help you." That's the message you get. So, you can do it all over again at some point- while the car dealership or home owner is tapping their feet waiting for their money! Every wire transfer- domestic and foreign- is a nightmare. Don't use this bank if you travel or live outside the country. It's a nightmare

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Health
A+

Health Grade Components

Overall
NCUA #67955
Year Chartered1935
Employees842
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD1.73%
Annual Interest Income$802.1MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$18.94B$18.04B
LoansQ3 2023vs Q3 2022$15.21B$14.19B
DepositsQ3 2023vs Q3 2022$14.22B$13.34B
Equity CapitalQ3 2023vs Q3 2022$4.72B$4.51B
Loan Loss AllowanceQ3 2023vs Q3 2022$347.3MM$116.9MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$116.4MM$45.7MM
Real Estate OwnedQ3 2023vs Q3 2022$0$1.2MM
Rates
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Alliant Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%$100-IRA Savings
3.10%$100-Supplemental Savings
3.10%$100-Kids Savings Account
3.10%$100-High-Rate Savings
3.10%$100-Custodial Savings Account
3.10%$100-Ultimate Opportunity Savings (New Members Only)

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
5.45%$75k-12 Month Share Jumbo CD
5.40%$1k-12 Month Share CD
5.20%$75k-18 Month Share Jumbo CD
5.15%$1k-18 Month Share CD
4.75%$1k-6 Month Share CD
4.75%$75k-6 Month Share Jumbo CD
4.50%$75k-24 Month Share Jumbo CD
4.40%$1k-24 Month Share CD
4.40%$75k-36 Month Share Jumbo CD
4.30%$1k-36 Month Share CD
4.25%$1k-3 Month Share CD
4.25%$75k-3 Month Share Jumbo CD
4.10%$75k-48 Month Share Jumbo CD
4.05%$1k-48 Month Share CD
4.05%$75k-60 Month Share Jumbo CD
4.00%$1k-60 Month Share CD

Alliant Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.45%$75k-12 Month Jumbo IRA
5.40%$1k-12 Month IRA
5.20%$75k-18 Month Jumbo IRA
5.15%$1k-18 Month IRA
4.75%$1k-6 Month IRA
4.75%$75k-6 Month Jumbo IRA
4.50%$75k-24 Month Jumbo IRA
4.40%$1k-24 Month IRA
4.40%$75k-36 Month Jumbo IRA
4.30%$1k-36 Month IRA
4.25%$1k-3 Month IRA
4.25%$75k-3 Month Jumbo IRA
4.10%$75k-48 Month Jumbo IRA
4.05%$1k-48 Month IRA
4.05%$75k-60 Month Jumbo IRA
4.00%$1k-60 Month IRA
Locations

Alliant Credit Union is an Internet only bank and does not have branch locations. Its headquarters is located at 11545 W Touhy Ave - Chicago, IL 60666

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