Alliant Credit Union : Is Alliant Credit Union a Real Bank?

While credit unions may have lower membership criteria and less sophisticated technology than banks, they often have better interest rates. With a wide range of membership qualifications and competitive rates, Alliant Credit Union offers the best of both worlds. For members around the country, Alliant Credit Union is an NCUA-insured (National Credit Union Administration-insured) bank. A nationwide network of 80,000 surcharge-free ATMs is also available through Alliant Credit Union.

Best for

Consumers who want high-yield checking and saving rates and a broad ATM network.

Pros

  • More than 80,000 free ATMs may be found across the city of Los Angeles.
  • The interest rates on savings and checking accounts are significantly higher than the national average.
  • Overdraft costs are not charged.

Cons

  • There are no branches.

Alliant’s The Ultimate Opportunity Savings Account is identical to its High-Rate Savings Account. E-statements are free if you choose to get them electronically; otherwise, they will cost you $1 for every statement. Customers have the option of creating as many as 19 additional savings accounts to use for special purposes.

Alliant Credit Union

Customers who open an Ultimate Opportunity Savings Account and deposit at least $100 per month for the first year will receive a $100 bonus. You can find out more about this and other bank incentives in our list.

This Account Is Alliant’s “High-rate Savings”

If you choose electronic statements, you won’t be charged a monthly fee for Alliant’s High-Rate Savings account. Alliant also provides unique savings account for parents who want to teach their children about money management, allowing them to open up to 19 additional accounts, each with its pseudonym.

Methodology

Overdraft costs, checking, savings, certificates of deposit, banking experience, and NerdWallet’s overall ratings for banks and credit unions are weighted averages of numerous areas. Rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service, and innovation are all factors that we take into account. The stars represent ratings from poor (one star) to outstanding (five stars) (five stars). There is a half-star rounded off to the nearest rating.

Online Services

  • Accessing Your Money Through the Internet With AIM Credit Union’s WebTeller, you can conduct your financial transactions at any time of day or night, seven days a week.
  • As soon as you have logged into WebTeller, you can safely and securely access your account.
  • Check the balances of your accounts.
  • Transfer money from one account to another, to a loan, or the account of another member*.
  • Retrieve the history of the accounts
  • In Quicken® or QuickBooks®, import cleared checks.
  • See the details of your loan.
  • You can check out your eStatements at any time
  • Automate the transfer of funds.
  • repay debts, including loans, and settle other obligations.
  • Set up email or text message notifications for your account.
  • Cleared Checks
  • WebTeller’s “Single Transfer” option is the sole way to transfer funds to another member’s account. Transfers scheduled for 11:00 p.m. Central Standard Time will take place.
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Scheduled Transfers and the End of Day process, on the other hand, will run sooner than 11:00 pm CST on the last day of the month. When using WebTeller, you can rest easy knowing that your personal information is protected by encryption technology. With a firewall in place to ensure optimum security, this service is hosted on a secure server. To ensure a secure connection, look for a closed padlock in the lower-left corner of your screen when logging in.

Mycardinfo

Those who have an AIM Credit Union MasterCard Elite, MasterCard Classic, or Visa Classic and want to make electronic payments can use MyCardInfo, which is available to members. MyCardInfo allows members to view their ACU credit card activity, giving real-time information. By logging onto MyCardInfo, members can make payments now or at a later date, as well as schedule recurring credit card payments for future use.

Paying Your Bills

Without writing checks or paying for postage, you may pay any bill quickly and easily online. With direct deposit or electronic statements, members can use free online bill pay.

History

United Airlines employees formed a credit union on October 26, 1935. United Airlines Employees’ Credit Union (UAECU) was the original name of the credit union when it was created, but Alliant Credit Union took its place in 2003. For the first time in its long history as a credit union with a single sponsor, the credit union expanded its membership to include 27 sponsor organisations and people in 19 communities surrounding O’Hare International Airport.

Alliant Credit Union

Today, Alliant Credit Union has over 150 members and continues to serve the areas surrounding O’Hare International Airport by providing financial services.

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Services and Products

Savings accounts, checking accounts, certificates, individual retirement accounts (IRAs), consumer loans, and Visa credit cards are all available through Alliant Credit Union. $5 is the minimum deposit required to open a savings account with Alliant Credit Union. Regular Savings, Supplemental Savings, Custodial Savings, and Kidz Klub are the four types of savings accounts available to minors under the age of twelve. A daily average balance of $100 or more is required to receive monthly dividends from the savings account.

The first set of checks from Alliant is free when you opt out of paper statements and have at least one monthly electronic deposit. The high rate checking option requires at least one monthly electronic deposit. All of these loans are referred to as consumer loans. Investment and insurance services are also available through Alliant. Health Savings Accounts were offered by Alliant until 2017 when the accounts were sold to Health Equity.

Gaining Access to an Account

eDeposit and deposit plus are just a few of Alliant’s features, which include Alliant online banking, free bill pay, mobile deposits, ATM deposits, and more. Qualified Alliant members can now use eDeposit to make online deposits before mailing their checks to the credit union in eDeposit envelopes. Members can use a home scanner to deposit checks utilising deposit plus.

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With over 80,000 surcharge-free ATMs and a 24-hour member contact centre, Alliant is currently one of the world’s largest financial institutions.

Founded by Alliant Credit Union

Incorporated in Illinois, the Alliant Credit Union Foundation is governed by a Board of Directors made up of Alliant Credit Union staff. The Foundation is a not-for-profit nonprofit organisation created to help Alliant Credit Union members and employees achieve economic independence and self-sufficiency in the areas where they live and work. Education, service, grants, and investments are some of the specific forms of assistance that will be provided.

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The first-year operations of the Alliant Credit Union Foundation were concluded in 2010. The Foundation made a generous donation of $200,000 to deserving causes in that year. The Foundation only gave money to causes that were in keeping with its stated objective.

About

Founded in 1932, Alliant Credit Union has grown to be Illinois’ and the nation’s largest credit union, with more than $14 billion in assets under management. A wide range of banking options is available to more than 500,000 of our members around the country thanks to a strong emphasis on security.

Alliant Credit Union

All of Alliant’s members are also owners because we are a not-for-profit financial cooperative. As a result, we work tirelessly to promote our members’ financial well-being and serve their best interests. With our award-winning rates, our members can save more and make more cash.

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Personal finance education, budgeting and debt management tools are all included in Alliant’s retirement and investing offerings. With our digital credit union, we want our members’ financial well-being to be our top priority while making it easier for them to manage their finances.

Conclusion

The offices and call centre of Alliant Credit Union are located in the northwest suburbs of Chicago, home to its more than 650 employees. Over 90% of Alliant employees questioned believed their workplace is fantastic, putting us on Fortune’s 100 Best Medium Companies list for the fourth year in a row. [source: Fortune magazine] Four years in a row, we’ve received Gallup’s Great Workplace Award for being an outstanding workplace.

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