Overview
Alliant Credit Union is one of the largest credit unions in the United States and the largest in Illinois, serving over 900,000 members nationwide since 1935. As a 100% digital, not-for-profit financial institution, Alliant operates without physical branches, focusing on delivering competitive rates and low fees through online and mobile banking platforms.
The platform serves individuals seeking higher interest rates on savings accounts, competitive loan rates, and comprehensive digital banking services without traditional bank fees. Alliant targets tech-savvy consumers, young professionals, and anyone wanting better returns on their deposits while maintaining full-service banking capabilities. Members can access checking accounts, high-yield savings, certificates of deposit, personal loans, mortgages, auto loans, and credit cards with competitive rewards. The credit union is ideal for users comfortable with digital-only banking who prioritize competitive rates over in-person branch services.
Key Features
High-Yield Savings
Competitive interest rates significantly above national averages
Free Checking
No monthly fees with unlimited transactions and mobile check deposit
ATM Network
Access to 80,000+ surcharge-free ATMs nationwide
Digital Banking
Full-featured mobile app and online banking platform
Credit Cards
Cashback rewards cards with competitive rates and benefits
Pros
- High interest rates on savings (above national average)
- No monthly maintenance fees on accounts
- Extensive surcharge-free ATM network (80,000+)
- Competitive credit card rewards program
- 90+ years of financial stability and experience
Cons
- Limited customer service availability
- No physical branches for in-person service
- Slow loan processing and approval times
- Inconsistent online customer support response
- Complex account transfer limitations
Security Analysis
Security Features:
- NCUA Insurance: All deposits federally insured up to $250,000 by National Credit Union Administration
- Two-Factor Authentication: Multi-factor authentication for online and mobile banking access
- 256-bit SSL Encryption: Bank-grade encryption for all data transmission and storage
- Fraud Monitoring: 24/7 real-time transaction monitoring and fraud detection systems
- Account Alerts: Instant notifications for account activities and suspicious transactions
Pricing & Fees
How To Get Started
Membership Eligibility Check
Verify eligibility through employee groups, associations, or $5 donation to Foster Care to Success charity.
Online Application
Complete membership application on website or mobile app with personal information and identification documents.
Identity Verification
Provide government-issued photo ID, Social Security number, and proof of address for account verification.
Initial Deposit
Make minimum $5 deposit to establish membership and activate your chosen account types.
Account Setup
Select from checking, savings, CD, or other account types based on financial goals and preferences.
Mobile App Download
Install Alliant mobile app and set up digital banking access with secure login credentials.
Fund Your Account
Transfer money from external banks, set up direct deposit, or use mobile check deposit features.
Final Verdict
Alliant Credit Union excels in providing competitive interest rates and fee-free banking through its digital-first approach. The extensive ATM network and strong mobile app make daily banking convenient. However, limited customer service availability and slow loan processing create frustration for members needing assistance. Ideal for self-directed users who prioritize high yields and low fees over comprehensive customer support and branch access.
