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.
Membership in 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
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.
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.
I started using Alliant Credit Union and so far I really like it. It was easy to join through the Freelancers Union. So far, I've found they have responsive customer service and a very large ATM network in comparison to the large Wall Street banks and other credit unions. I can get money for free from a variety of ATMs found in busy stores, and they will rebate out of network ATMs next day too. The online banking website does need some work however as it seems a bit outdated and is not the most user friendly in comparison to other banking institutions. Alliant, however, does have really high interest rates for its accounts, including a high rate for Savings and Checking. The Checking account does require having some activity each month, but not hard to do when you can just schedule transfers in and out from other accounts or use the Bill Pay feature (which is a bit clunky and could use some improvements).
|Return on Assets - YTD||0.55%|
|Return on Equity - YTD||5.38%|
|Annual Interest Income||$387.3MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$11.23B$9.70B|
|Loans||Q4 2018vs Q4 2017||$8.54B$7.23B|
|Deposits||Q4 2018vs Q4 2017||$9.24B$8.55B|
|Equity Capital||Q4 2018vs Q4 2017||$1.14B$1.09B|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$52.6MM$44.1MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$38.0MM$28.1MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$806.00K$674.00K|
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Rates for Alliant Credit Union are currently being reviewed.
|Alliant Credit Union Locations|
|Branch Office||233 S Wacker Dr Suite 435||Chicago, IL 60606|
|Branch Office||11545 W Touhy Ave||Chicago, IL 60666|