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 & Cons
Advantages
- 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
Limitations
- 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 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
| Service | Fee | Details |
|---|---|---|
| Checking Account | Free | No monthly maintenance fees or minimum balance |
| High-Yield Savings | Free | No maintenance fees, competitive interest rates |
| ATM Withdrawals | Free | 80,000+ surcharge-free ATMs nationwide |
| Mobile Check Deposit | Free | No charges for depositing checks via app |
| Wire Transfers (Domestic) | $15 | Outgoing domestic wire transfer fee |
Getting Started
Detailed Ratings
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.