Online Credit Union Alliant provides a comprehensive selection of goods and services. There are several alternatives for personal banking, including accounts for children and teenagers, and it offers a competitive APY on its savings account.
Alliant provides members with competitive rates on bank accounts overall. Wide membership eligibility and an online banking platform make nationwide access simple, especially for those who feel at ease banking exclusively online.
About Alliant Credit Union
Chicago-based Alliant is a credit union that is insured by the NCUA. It’s perfect for qualified consumers who seek a variety of low-cost, high-yield deposit solutions. Alliant makes it simple to join by offering a number of options, such as living close to the credit union’s headquarters, having a job or a family, or giving money to an organization it supports.
Pros
- Refinancing available.
- Low minimum loan amount.
- Minimal fees.
Cons
- Rate increase without auto-pay.
- Alliant does not have branches.
- No home equity loans.
Who is Alliant Credit Union Suited For?
Alliant is best suited for those who want to bank in a completely digital environment and want a credit union that offers high-yielding deposit accounts with low fees.
Anyone who resides in or near Chicago, belongs to one of the more than 250 partner organizations, or joins Foster Care to Success is eligible to join (membership is $5). The full list of membership eligibility requirements is provided by Alliant.
Services Offered by Alliant Credit Unions
In addition to its banking services, Alliant Credit Union also provides a wide range of additional services, such as:
- Credit cards.
- Commercial real estate lending.
- Traditional, Roth, and SEP IRAs.
- Trust accounts.
- Custodial accounts.
- Home loans.
- Vehicle loans.
- Personal loans.
- Life, home, and auto insurance.
Alliant Credit Union vs. Chase
When compared to Chase, Alliant often provides greater returns on its deposit products, such as CDs and savings accounts. Alliant is a non-profit credit union in addition to being a typical bank, whereas Chase is not.
As a result, Alliant has taken many actions that are in the interests of its clients, such as getting rid of overdrafts and non-sufficient funds fees. Chase, though, still levies a high price for both.
Having said that, Alliant doesn’t have any physical locations, making it a poor choice for customers who don’t feel comfortable conducting all of their banking online. Chase, on the other hand, has more locations than any other bank in the United States, making it a stronger option for customers who value physical presence.
FAQs
Is Alliant Credit Union Safe?
Yes. The National Credit Union Association insures Alliant Credit Union up to the maximum permissible amount: $250,000 per depositor, per account type.
Does Alliant Credit Union have branches?
No, Chicago is where its headquarters are located. You have access to a network of more than 80,000 ATMs in addition to using online and mobile app support.
Does Alliant Credit Union Charge Monthly Fees?
There aren’t any recurring maintenance costs. You will have to fork over roughly $1 each month if you decide to obtain paper statements. Check printing and non-sufficient funds (NSF) are subject to standard fees.
To round it all up, for those who feel at ease with digital banking, Alliant is a great alternative thanks to its strong online and mobile banking features. Alliant makes it simpler to save for particular goals by providing attractive APYs and supplemental savings accounts.