Is there a list of hubs on this website? If not, I welcome suggestions.
More importantly, what is the point of all this? I understand from personal experience that when they expel you it’s a bit of a shock and the immediate reaction is to take it as a personal affront. But when you have time to process it, you realize that it’s not that big of a deal and not worth the time and energy to worry about. I’m perfectly capable of engaging in a fight when I need to, but I have no interest in being a member of a credit union that doesn't want me as a member and the more you fight it the more they get to victimize you. For me the best course was to just understand that they’re within their rights and it’s business not personal and to just move on.
I recently starting using Primis as my hub but I’ve only been with them for a couple of months. They pay 4.35% APY on both their savings and checking accounts without limits. The ACHs are very fast but you’re limited to $30K per day outbound – the inbound limit is much higher.
Marcus is another option with a decent rate and very high ACH limits ($125K+ per day) but it can be extremely frustrating to deal with Marcus’s over-the-top security requirements when linking external accounts and they only allow four linked accounts. I would stay away from Ally or Discover as ACHs can take 3-4 days. Good luck to you!
Googling comes up with nothing. Did members receive notices about it?
According to someone's scanned (2019) letter where the same thing happened, it said they got kicked out because 2/3rd of those attending the recent annual meeting (2019) voted to expel them.
However, Alliant is pretty much a virtual/online CU now, isn't it? As far as I know, their brick & mortar branches are closed. So how does one "tune into" or "attend" the next scheduled annual meeting (even if it's 2024)?
Alliant members: was there an announcement in micro-print on an online statement or something? Using Google, I see NO info or announcement on any 2023 (or even 2022) Annual Meeting.
** I think the solution for this is: in the future, every Alliant member should demand to know when the yearly annual meeting is being held, and ask for instructions on how to remotely "attend". If told it's only in person, I'd definitely report it to the NCUA, CFPB, and their state regulator. Since Alliant no longer has physical "branches" and is a virtual CU, as a member, being unable to participate except to "fly in" somewhere on a secret date would most likely go against their charter with the NCUA. Being able to "attend" the annual meeting in a credit union is a right for any member. And it would not only be where the vote happens, but the reason would have to be given as well (I would doubt a CU can ask members to vote to expel other members for reasons that aren't articulated before the vote. If so, again, regulator time).
Here's a link to their Savings Account Disclosure online I found if it's helpful:
As a state-chartered institution, it is subject to the Illinois Credit Union Act. That law has detailed provisions re the methods credit unions may use to notify members of annual meetings. The methods are listed in the alternative; the credit union has the right to select which method (or methods) it wishes to use:
"Notice of all meetings must be given by the secretary of the credit union at least 7 days before the date of such meeting, either by handing a written or printed notice to each member of the credit union, by mailing the notice to the member at his address as listed on the books and records of the credit union, by posting a notice of the meeting in three conspicuous places, including the office of the credit union, by posting the notice of the meeting on the credit union's website, or by disclosing the notice of the meeting in membership newsletters or account statements."
I think it is likely that members were notified of the annual meeting, in a manner specified by the State of Illinois.
P.S, As a FISCU, Alliant's regulator is not the National Credit Union Administration. It's the Illinois Department of Financial and Professional Regulation. Members who have complaints about actions of Alliant Credit Union may wish to file with the IDFPR.
1) the lamp-post just outside that corporate office might, just possibly, be No. 2, and
2) the posting of such a notice in the window of a Starbucks a block or so from that corporate office might in fact be No. 3!
It seems at the very least, possible...