Alliant Credit Union
Headquarters
11545 W Touhy Ave
Chicago, IL 60666
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ACH 271081528
Phone 1-773-462-2000
2024 Overview
General Credit Union Information
Alliant is an NCUA insured institution located in Chicago, IL. It was founded in 1935 and has approximately $18473.23 millions in assets.
Who can Join Alliant Credit Union?
Alliant membership is an exclusive benefit available to individuals who meet one of the following eligibility requirements:
Any employee or member of a Qualifying Organization (http://www.alliantcreditunion.org/membership/eligibility/organizations/)
Any person who lives or works in a qualifying Chicagoland Community (http://www.alliantcreditunion.org/membership/eligibility/communities/)
Any member of Foster Care to Success (http://www.alliantcreditunion.org/membership/eligibility/ofa/). ** Anyone can become a member with a $10 donation.
Any person related by blood or law to an existing Alliant member
Domestic partners of unmarried members
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 67955 |
| Date Established | 1935 |
| Assets | $18,473.23 million |
| Loans | $14,967.29 million |
| Deposits | $14,429.21 million |
| Capital | $1,790.18 million |
Field of Membership Restrictions
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.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| High Rate Savings
|
3.10% | $100 | - |
Learn More
|
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
4.75% | 4.75% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 30 Year Fixed Conforming See Amortization Table |
6.99% | 6.88% | $2,103.24 | |
Compare with 6.818% APR and 6.625% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Alliant branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
ALLIANT is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Alliant Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Alliant. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Alliant | U.S. Average |
|---|---|
| 3.94% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Alliant had $72,193,667 in non-current loans and $4,247,457 in owned assets. To cover these potential losses it had $1,790,179,844 in net worth and $147,939,392 in loans loss reserves. That gives it a Texas Ratio of 3.94%.
Net Worth
| Alliant | U.S. Average |
|---|---|
| 9.56% | 13.62% |
Alliant FCU has a net worth of 9.56% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Alliant
Gaius Gracchus
March 22, 2024 |
Their CD rates are reasonable and their Visa rewards is very good at 2.5% on all purchases up to 10K/month.
Their customer service is polite and helpful.
However, their IT department must need some serious help due to the occasionally buggy software.
We had a transfer to an account with a major bank fail due to a bug in Alliant's software. They attempted to transfer the money to an account that had been closed the prior year. How they got that old account number is a mystery since I (proveably) did not provide them with it. They proceeded to charge a penalty for their own error. They did rescind the charge after I showed them proof that the account number used in the transfer was correct, even though they actually tried to send it to an old closed account. Both the receiving bank and Alliant had emails and notifications to me showing the correct account number, yet they somehow tried to send the money to a closed account number.
This sort of system glitch is alarming, especially when we are talking about a financial institution.
I am considering contacting the NCUA to report this error.
Other than the occasional web site issues and this transfer issue, they've been a relatively good financial institution.
Is this review helpful? Yes:0 / No: 0
Bewulf
October 27, 2021 |
I joined this bank and went through the process of applying for a HELOC. Everything seemed to be going well with only the paperwork needing to be signed and when I contacted them about having a POA and therefore needing the paperwork altered so the notary could sign off on it Alliant just dropped me in the process completely. The people I had been in contact with did not return my calls and the time period elapsed without my completing the transaction. It was a total waste of my time. When I called the bank to have someone explain why this happened they could not offer me any reason for it so I closed my account
Is this review helpful? Yes:1 / No: 0
Tracy (he, him)
October 4, 2021 |
The savings rate is a draw barely, but you really need to think twice before joining. I've been a member for 12 years and cannot get approved for anything even with good credit. Plus, I am told that they do a hard credit pull when you apply to open, even if you are just opening for savings.
Is this review helpful? Yes:2 / No: 0
kgrf
July 9, 2021 |
On Credit Card. Crooks got paid through "PayPal" for a non-delivered item. Alliant insisted I go through PayPal to get a chargeback. The crooks used a no-longer-existing fake account to receive money. So PayPal could not find the payment. Alliant knew where the money went, that it had been charged to my account, and that there was no delivery.
I went through all procedures as I worked as a bank regulator for decades. NO CHARGEBACK. Kept insisting PayPal had to find what crooks erased before I could get my relatively small amount. Which fraudsters had prevented.
I was a decade-long customer and the amount was not that great. Cost Alliant in employee/executive time much more than the amount to justify why crooks should get away with it. Even as a goodwill measure, chargeback does not come out of credit union funds. Blowback would have been on ME, not Alliant. Credit Unions are "owned" by members, not payees.
Is this review helpful? Yes:3 / No: 0
terrydean
May 13, 2021 |
If you have a question then they have an answer. "Go to the branch." May be OK if you live in Chicago, but I do not.
Is this review helpful? Yes:6 / No: 0
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