Alliant’s History

A History of Safety and Fairness

On October 26, 1935, a small group of United Airlines employees came together to organize a credit union. Originally founded as United Airlines Employees’ Credit Union, this tight-knit group of employees had a vision of providing a safe place to save and get loans at fair rates.

By year end, the credit union had grown to:

• 146 members
• Assets totaling $5,088
• 38 loans
• $4,210 in loan totals

Alliant Through the Years
From this modest start, Alliant expanded its products and services to include those of more contemporary financial institutions. Through the decades, we continued to grow through innovation and responsive, personal member care and service.

That success is due, in part, to our strong focus on member benefits. Potential offerings are evaluated by a Board of Directors based on overall benefit to the membership and impact to earnings. New products and services must meet strict criteria of quality, competitive pricing, and the ability to enhance credit union earnings and “giveback” to members.

Alliant Today
Alliant ranks as the 6th largest credit union in the nation serving over 280,000 members worldwide with over $7 billion in assets. Our fiscally conservative policy and prudent management has enabled Alliant to disburse over $172 million to members in the form of dividends, and capital reserves now exceeding $638 million with a 14.5% capital/net asset ratio. This impressive amount of reserves is a key indication of financial strength.

Safety and Security
Alliant Credit Union is an Illinois chartered credit union, and as such, is under the supervision of the Department of Financial and 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 one of the strongest of the federal insurance funds. The NCUA and DFPR conduct periodic examinations of Alliant.