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 any of 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
2/24 - Alliant CU 12-Month JUMBO Certificate 4.75% APY
2/15 - Alliant Ups 12 Month And Drops Longer Term Rates
2/1 - High Rate Savings
12/1 - Alliant Savings Bumped Up To 2.60%
11/15 - Alliant Savings Rate Increased To 2.50% APY.
11/14 - Change To CD Rate
11/1 - Increased High Yield Savings And CD Rates
10/13 - Alliant Savings Up A Little Bit
10/13 - Alliant CU Boosting Its Savings Rate From 2.0% APY To 2.2% APY Tomorrow (Oct. 13)
10/1 - Hold Onto Your Socks!
9/16 - Alliant Raises Savings Rate To 1.80% As Of 9/16/22
9/16 - Alliant Credit Union 1.80% Now
9/1 - Alliant Credit Union Increased To 1.70%
8/16 - Alliant Credit Union Now 1.60%
8/16 - Alliant Savings Up To 1.60% APY
8/2 - Alliant Savings Rate Increase To 1.4% APY
8/1 - Alliant CU Bumps Savings To 1.40%
7/14 - Alliant Ups CD Rates... (Now 3.05% For 5Yr)
7/14 - Another Alliant CU Midmonth Rate Increase
7/1 - Small Increase Alliant Savings To 1.05% APY
6/15 - Alliant Savings Account Now At 1%
6/15 - Increase In Savings Rate
6/1 - Alliant Savings Boosted To 0.75% APY
5/24 - Alliant Credit Union Ups Rates On Its Nationally Available CDs
4/20 - Big Jumps At Alliant, 5 Yr CD Now 2.00%
4/1 - Alliant Savings Rate Ticks Up To 0.60%
3/11 - $200 Visa Gift Card - New Checking Members
3/1 - Alliant Savings Remains At 0.55%, Probably For The Last Time
2/1 - Alliant Savings Remains At 0.55% APY
1/3 - Alliant Credit Union $100 Savings Bonus Available Throughout 2022
1/1 - Alliant Starts 2022 Where It Ended In 2021
12/1 - Alliant Savings, Once Again, Remains At 0.55%
11/1 - Alliant Savings Remains At 0.55%
10/1 - Alliant Savings Remains At 0.55% APY
8/3 - Alliant Credit Union Drops Overdraft Fees
8/1 - Alliant Savings Remains At 0.55%
7/1 - Alliant CU Savings Remains At 0.55%
5/1 - Alliant CU Savings Holds At 0.55%
2/1 - Good News - Alliant Savings Remains At .55%
1/21 - Alliant Credit Union Offers $100 Bonus On New Savings Account
1/18 - Open Savings Account and Deposit $100 a month for 12 months and get $100 Bonus
1/1 - "Happy New Year" 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).
Uncalled For Hold Times At Alliant CU IMO
My experience opening new CDs at credit unions is that they credit your deposit subject to collection of the funds. That means you start earning interest right away. Also, you don't miss the juicy rate they're offering for a "limited time only".
I sent a medium sized deposit (a bit under 100K) to Alliant CU to take advantage of a 5% APY 6-month limited time offer. I find out today that my funds may be on hold for 10 days and I can't open the new CD until then.
In all my years of banking I've never had a bank not credit my cashier’s check subject to collection. Meanwhile they probably collect interest on my deposit and my great CD deal may evaporate. This seems like bush league banking at its worst to me.
ps. This is the deal Suze Orman is touting on her and Alliant's websites.
UPDATE * UPDATE * UPDATE
I called back today and tried again through a representative instead of their online procedure and got my CD. So all is well and I can now rate them 5-stars.
Word of caution: If you deposit your funds via mail be sure to enclose a note saying you want a CD along with the term, rate, etc.
No Rationale For General Hold On New Funds Deposit
I transferred via ACH $75K cash into a new savings account with the intent of immediately opening a second CD account. However, I was denied this option because the entire deposit was placed on a general hold for about 10 days.
There was no rational logic provided to me regarding the general hold on the new cash deposit. I already have another $250K CD with Alliant, so again, I don't understand the logic of placing a general hold on new cash moved via ACH to open a second CD account.
The representative who took my call was terrific overall and placed me on hold several times to provide my different rationales to management for why the new cash deposit should be immediately used to open a new CD account.
Nevertheless, the representative wasn't successful, and I was told that I'd need to wait until the general hold was removed before I could transfer the funds from savings to a new CD account.
No cyber security or other monetary-related security issues were provided to me to substantiate the general hold policy on the funds.
Its All Great As Long As You Agree With Them
Everything works great with this bank until it doesn't. I use this as a fun money account. I ordered something expensive off amazon that never arrived. I did everything that Alliant told me to do, despite it taking the better part of year. The banks response was they denied my dispute because I had actually made the purchase. the argument was NOT that I hadn't made the purchase. it was that it had not arrived and Amazon was NO help. closed my account same day and went somewhere else that offered same services. F Alliant.
Fantastic Credit Union
I am a previous Bank of America customer, and have been using Alliant for nearly two years now.
It has been an enjoyable experience and great service.
Plaid integration DID have some issues at one point but they have come along way.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67955 |
| Year Chartered | 1935 |
| Employees | 824 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 3.15% |
| Annual Interest Income | $663.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $18.74B$15.15B |
| Loans | Q4 2022vs Q4 2021 | $14.83B$10.05B |
| Deposits | Q4 2022vs Q4 2021 | $13.44B$12.77B |
| Equity Capital | Q4 2022vs Q4 2021 | $5.30B$1.52B |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $129.1MM$68.1MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $68.9MM$39.3MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$2.6MM |