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Alliant Credit Union Promotes High Interest Checking Bonus


Availability: Easy Membership

Last week, a longtime DA reader emailed me concerning Alliant Credit Union’s High Rate Checking account $50 bonus. Typically, I wouldn’t give a $50 bonus much more than a fleeting glance, but the DA reader made a valid point: if you’re looking to just score a large bonus and move on, this promotion isn’t for you.

On the other hand, if you’re looking for a checking account for long-term use that has no monthly fees, a decent interest rate with few requirements, and ATM fee refunds, this might be the account for you. The $50 bonus is just icing on the cake.

0.25%--Alliant Credit UnionHigh-Rate Checking
Rates as of April 19, 2024.

High Rate Checking Details

  • 0.65% APY paid on entire balance – no minimum or maximum balance levels
  • ATM fees – reimbursements up to $20 per month
  • No monthly fees
  • To apply for the $50 bonus, use promo code CHEK12A when applying


Headquartered in Chicago, Alliant Credit Union (Alliance CU) offers a variety of ways to join.

Easy Membership: Any member of Foster Care to Success (FCS), regardless of residency or employment status. Individuals can join FCS with a one-time $10 donation and Alliant CU's website provides a link to FCS to facilitate joining.

Residency: Individuals who live, work or worship in 20 Chicagoland communities.

Employment: Employees and retirees of hundreds of Qualifying Companies.

Affiliation: Members of 40 different organizations.

Complete details about joining Alliant CU can be found on the Membership Eligibility page.

Joining Alliant CU can be done online, via mail (application available for download,) by phone, or in person at any of 12 branches located in California (5), Colorado, Illinois (3), Texas (2), and Virginia.

N.B. As Alliant CU was originally the United Airlines Employees Credit Union, several of the branches are located in airport terminals and are not accessible by the general public.

Credit Union Overview

Alliant Credit Union (NCUA Charter # 67955) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 3.67% (excellent), based on December 31, 2015 data. In the past year, Alliant Credit Union has increased its total deposits by $502.32 Million, an excellent annual growth rate of 7.44%. Please refer to our financial overview of Alliant Credit Union for more details.

Ten years after United Airlines was founded, a small group of the company’s employees came together to organize a credit union in October 1935. At the end of the first year, the newly established United Airlines Employees’ Credit Union had 146 members and $5,088 in assets. The field of membership was opened to organizations outside the airline industry in 2003, and since then has expanded to become the 7th largest credit union in the country, with more than 299,000 members and assets in excess of $8.6 Billion.

To search for nationwide Checking account rates and Checking account rates in your state, please refer to the Personal Checking Account rates section of DepositAccounts.com or our new Rates Map page.

Related Pages: Alliant Credit Union, Chicago

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  |     |   Comment #1
They have the best ach system around. external transfers take 1 day to arrive from or to go to another bank. although it shows on their system that it will be available "by"  day 5.  I have yet for it to take more than 1 business day when initiated by 10am cst.m-f 
  |     |   Comment #2
I'm a BIG fan of Alliant (a large, open credit union that I think everyone should join). My only nitpick with them is that for those who don't like debit cards, Alliant actually offers an old-style ATM-only card ("Convenience Card") -- but only if you have savings accounts. As soon as you get a checking account, you have to choose from either having NO ATM access to your checking account (as unlike other credit unions that still offer an ATM-only card, Alliant will not allow the ATM-only card to access your checking account), or you have to switch to a debit card -- which then immeidately makes your ATM-only card stop working.

I have a savings and checking account at Alliant, and, at least for now, have chosen to keep my ATM-only card and do transfers online or with their tellerphone service.

That's a minor nitpick though that I'm hoping they will change.

But Alliant is a great credit union that everyone should join -- and even though I have a checking account at my local credit union, I have both a savings and checking account at Alliant as well.

They're a really good outfit -- everything is easy, and they have toll-free 24hr customer support, and are part of CO-OP, so finding an ATM (even for deposits) is easy.
  |     |   Comment #3
Unless I missed it, there is not mention within this post that if some form of electronic deposit isn't recorded during the month, no interest is earned.  That has always been the deciding factor of not keeping this account.  I just don't always make a deposit even though I could.

I did have a bad experience trying to use their CO-OP system and was told they discontinued the program several years ago and it is only active for those that were eligible at the time of it being discontinued.
  |     |   Comment #4
Yes, I agree that you do need to initiate a ACH transfer each month to get interest in the checking account (as well as have at least $100 balance). To use the CO-OP (Shared Banking) feature, you must contact a manager in customer service to get a one-time, one-day exception at a CO-OP member bank. The CSR reps will say "no", but the Alliant CSR managers understand exceptions may be made from time to time. It's paramount to contact them if you have to deposit a check over $20k or are far away from one of their depositing locations. It may be helpful to contact the branch manager of the depositing institution to let them know your plans. It's some work, but worth it to make a large deposit.
  |     |   Comment #5
I posted a very favorable review of this CU several years ago and I still stick by everything that I wrote - In addition to offering very competitive interest rates, Alliant has the best customer service of any financial institution in the country.
  |     |   Comment #6
The terms state "The $50 bonus deposit offer is not transferable and is only valid for the person to whom it is addressed." suggesting that this is a targeted offer and not available to anyone who wasn't explicitly targeted. Isn't Alliant known to enforce such terms?
  |     |   Comment #7
Alliant Credit Union is state chartered but is currently insured under NCUA.

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