Alliant Credit Union, formerly United Airlines Employees' Credit Union, was organized on October 26, 1935. The organization was founded on the philosophy of providing a safe place to save and to offer loans at fair rates for United Airlines employees.
Over the years, the credit union has expanded its products and services to include those of a more contemporary financial institution. The introduction of additional products and services is discussed by the Board of Directors on an ongoing basis. Potential offerings are evaluated on their overall benefit to the membership and impact to earnings. New products and services must meet the credit union's criteria of quality, competitive pricing, and the ability to enhance credit union earnings before they are implemented.
Alliant is one of the largest credit unions in the nation serving more than 180,000 members worldwide with nearly $4.5 billion in assets. Our fiscally conservative policy and prudent management has enabled Alliant to disburse over $90 million to members in the form of dividends, and capital reserves now exceeding $560 million with a 12.9% capital/net asset ratio. The Impressive amount of reserves is a key indication of financial strength.
Alliant Credit Union is an Illinois chartered credit union, and as such, is under the supervision of the Department of Financial Professional Regulation (DFPR) of the State of Illinois. Alliant's share savings accounts are insured by the National Credit Union Administration (NCUA), an independent agency of the federal government which administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF is the strongest of the federal insurance funds. The NCUA and DFPR conduct periodic examinations of Alliant.
Our Mission is to promote thrift among members, create a source of credit at a fair and reasonable rate of interest, and to provide members with an opportunity to use and control their own money in order to improve their economic and social conditions.
The four principle values that drive the success of Alliant include:
Safety and Security - First and foremost, we provide a safe and secure place for our members' savings. Our growing capital reserve balances, superior state and federal examination rating, federal savings insurance and conservative investment practices are examples of your Credit Union adhering to this value.
High Dividends - This may be the most visible aspect of Alliant and the cornerstone of our success. The $3.5 billion in member savings demonstrates our members' trust and our competitiveness in the marketplace.
Cost Efficiency - Alliant continues to focus on being efficient and productive. Our members look to us to provide higher than average dividends and low loan rates through prudent expense control and financially self-supporting products, services and activities.
Competitively Priced Products and Professional Member Service - Our members want a good deal along with efficient and courteous service. We continue to focus on product convenience and competitive pricing.
SAVINGS, CHECKING & IRA
Delivering high dividend rates and guaranteed safety and security are the foundations of our savings, IRA and checking products. To assist you with your savings plans, we provide:
Savings
Checking
Individual Retirement Accounts
Employee Benefits
Our highly competitive employee benefits package includes:
- A 401(k) plan, with a dollar-for-dollar employer matching contribution up to 5% of annual compensation
- A comprehensive health, prescription drug and dental plan (including domestic partner coverage)
- Vision insurance
- Short- and long-term disability insurance
- Life insurance (for employee, spouse and child dependents)
- Legal plan
- Health and childcare flexible spending accounts
- College tuition and dependent care reimbursement
- Supplemental accident indemnity and cancer protection plan
- Long-term care insurance plan
- Vacation (10 days per year for new hires)
- Holidays (12 per year)
Credit Union Mailing Addresses
Administrative Office
11545 W. Touhy Avenue
Chicago, IL 60666
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