Disclosures

Deposits & Investments

› Savings
  (Savings, Supplemental Savings, Kidz Klub, UTMA Custodial Accounts, Trust Accounts, IRA, ESA)
› Mortgage Share
› Checking
› Convenience Card
› ATMs
› Health Savings Account - HSA
› Certificates

Home Loans

› Fixed Rate Mortgages
› 1/1 and 3/1 Adjustable Rate Mortgage
› 5/1, 7/1 and 10/1 Adjustable Rate Mortgage
› Conventional Home Equity Line of Credit
› Fixed Rate Home Equity Loan
› Interest-only Home Equity Line of Credit

Consumer Loans

› Consumer Loans
› Recreational Vehicle Loans
› K-12/College Student Loans
› Consolidated Student Loans
› Traditional Student Loans

Visa® Credit Cards

› VISA® Credit Card Agreement
› VISA® Credit Card Disclosure

MEMBER'S CHOICE™ Protection

› Mortgages Agreement
› Consumer Loans Agreement
› VISA® Credit Card Agreement

Services

› Bill Pay

Membership

› Account Agreement
› Fees
› eSign

 

Savings

(Savings, Supplemental Savings, Kidz Klub, UTMA Custodial Accounts, Trust Accounts, IRA, ESA)

The August Savings and IRA Dividend, declared 06/19/2014, provides a Dividend Rate of 0.698%–Compounded Annual Percentage Yield of 0.70% APY. Dividends are paid on the last day of the month to accountholders who have maintained an average daily balance of $100 or more. Savings dividend is subject to change monthly.
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Mortgage Share

The August Mortgage Share declared 06/19/2014 provides a Dividend Rate of .25% - Compounded Annual Percentage Yield of .25% APY. Dividends are paid on the last day of the month to accountholders who have maintained an average daily balance of $100 or more in a mortgage share account
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Checking

The High Rate Checking Dividend declared 06/19/2014 provides a dividend rate of 0.648% - Compounded Annual Percentage Yield of 0.65% APY. High Rate Checking dividends are paid on the last day of the month to checking accountholders who have opted out of receiving paper statements (receive eStatements only) and have a recurring monthly electronic deposit to their checking account each month (e.g., a direct deposit, payroll deposit, ATM deposit, eDeposit, eDepositPlus or transfer from another financial institution). Otherwise Alliant checking accounts do not earn a dividend. Checking dividend is subject to change monthly. Alliant checking is free. However, if incurred, fees such as a stop payment or NSF fee will apply. Please refer to the Alliant Fee Schedule for a list of these types of fees. Fees may reduce the earnings on the account. APY=Annual Percentage Yield.
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Convenience Card

Refer to the back of the Alliant Convenience Card for a list of networks. Members in good standing and without a ChexSystems record have a $500 daily withdrawal limit and a $10,000 daily deposit limit. Members with a ChexSystems record have a $200 daily withdrawal limit and $0 daily deposit limit. ChexSystems is a consumer reporting agency. Verify deposit capability of ATM. Transactions include balance inquiries, deposits and withdrawals only. Surcharge-free ATMs include Alliant-owned ATMs and ATMs that are part of the CO-OP Network, Credit Union 24 CU Here, Bank of the West, Allpoint and Alliace One networks. Transactions performed at other ATMs may be subject to the ATM owners surcharge fee. Not every Allpoint ATM is surcharge-free. Not all ATMs accept deposits. Please see our online ATM Locator for a list of ATMs that accept deposits or are surcharge-free.
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ATMs

Surcharge-free ATMs include Alliant-owned ATMs and ATMs that are part of the Alliance One, Allpoint, Bank of the West, CO-OP Network, Credit Union 24 CU Here and Publix Presto networks. Transactions performed at other ATMs may be subject to the ATM owners surcharge fee. Not all ATMs accept deposits. Please see our online ATM Locator for a list of ATMs that accept deposits or are surcharge-free.
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Health Savings Account - HSA

Health Savings Account (HSA) Dividend declared 06/19/2014, provides a Dividend rate of 0.648% – Compounded Annual Percentage Yield of 0.65% APY. Dividends are paid on the last day of the month to accountholders who have maintained an average daily balance of $100 or more in a HSA.
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Flex & Jumbo Certificates (applies to all terms listed below)

$1000.00 minimum deposit required to open an Alliant Certificate, $25,000 minimum balance to open an Alliant Jumbo Certificate. You must be an Alliant member. Alliant Flex Term Certificates are available as Regular Share Certificates and Jumbo Share Certificates. Both types are also offered as Traditional IRA Certificates, Roth IRA Certificates, Coverdell Education Savings Account (ESA) Certificates and SEP Certificates. In addition, prior to opening an IRA Certificate (Traditional, Roth and SEP) or Coverdell ESA Certificate, you must have or establish an IRA or Coverdell ESA with Alliant. You may not add any additional money to your Certificate after opening. Dividends compound monthly and are paid on the last day of the month and at maturity. There are no penalties for monthly dividend withdrawals. Early withdrawal penalties do apply if the Certificate is closed before the maturity date unless the Certificate funds are moved to Alliant Retirement and Investment Services. If you wish to move your Certificate funds to Alliant Retirement and Investment Services, you must wait until 7 days after your Certificate has been opened. Other exceptions to early withdrawal penalties may be allowed. Monthly dividend withdrawals are not eligible on IRA Certificates if owner is under age 59 1/2 or Coverdell ESA Certificates. Any monthly withdrawals or transfers reduce earnings. If you change the term of your renewed Certificate, the beneficiary(ies) need(s) to be reestablished by completing a Beneficiary Add/Delete Form. (Not applicable to IRA Certificates). The joint owner designated at the time of Certificate opening will remain as joint owner if you renew your Certificate with Alliant. Neither the primary account owner or joint owner may be a beneficiary on the Certificate account. You are not locked into a rate until you open or renew your Alliant Certificate. Alliant Certificate rates may change daily.

12-17 months
Regular Share & IRA Certificates with a term between 12 and 17 months provide a Dividend Rate of 0.896% - Compounded Annual Percentage Yield of 0.90% APY on balances between $1,000 and $24,999.99. Jumbo Share & IRA Certificates with a term between 12 and 17 months provide a Dividend Rate of 0.896% - Compounded Annual Percentage Yield of 0.90% APY on balances $25,000 or greater.

18-23 months
Regular Share & IRA Certificates with a term between 18 and 23 months provide a Dividend Rate of 0.995% - Compounded Annual Percentage Yield of 1.00% APY on balances between $1,000 and $24,999.99. Jumbo Share & IRA Certificates with a term between 18 and 23 months provide a Dividend Rate of 0.995% - Compounded Annual Percentage Yield of 1.00% APY on balances $25,000 or greater.

24-35 months
Regular Share & IRA Certificates with a term between 24 and 35 months provide a Dividend Rate of 1.094% - Compounded Annual Percentage Yield of 1.10% APY on balances between $1,000 and $24,999.99 Jumbo Share & IRA Certificates with a term between 24 and 35 months provide a Dividend Rate of 1.094% - Compounded Annual Percentage Yield of 1.10% APY on balances $25,000 or greater.

36-47 months
Regular Share & IRA Certificates with a term between 36 and 47 months provide a Dividend Rate of 1.292% - Compounded Annual Percentage Yield of 1.30% APY on balances between $1,000 and $24,999.99 Jumbo Share & IRA Certificates with a term between 36 and 47 months provide a Dividend Rate of 1.292% - Compounded Annual Percentage Yield of 1.30% APY on balances $25,000 or greater.

48-60 months
Regular Share & IRA Certificates with a term between 48 and 60 months provide a Dividend Rate of 2.080% - Compounded Annual Percentage Yield of 2.10% APY on balances between $1,000 and $24,999.99 Jumbo Share & IRA Certificates with a term between 48 and 60 months provide a Dividend Rate of 2.080% - Compounded Annual Percentage Yield of 2.10% APY on balances $25,000 or greater.

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Consumer Loans

Loan approval, APR and downpayment required based on payment method, creditworthiness, collateral and ability to repay. Rates include automatic payment option. Rates are .4% higher without automatic payment option. Rates terms and conditions are subject to change. APR = Annual Percentage Rate.

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Recreational Vehicle Loans

Membership is required. Loan approval, APR and downpayment required and other terms and conditions based on LTV (Loan to Value), payment method, creditworthiness, collateral (including age of vehicle), terms of loan and residency status. Advertised rates include automatic payment option. Rates are 0.4% higher without automatic payment option. For pre-existing Alliant RV loans, members will have 1% APR added to their qualifying rate for refinancing. Member is responsible for any fees associated with transferring of title. Financing available in all 50 states. Rates, terms and conditions are subject to change. We may not extend credit to you if you do not meet Alliant criteria. Allowable terms vary by loan amount.
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Student Loans

1 K-12/College Student Loan Disclosure

Annual Percentage Rate (APR) is variable and subject to increase after consummation. Loan approval, APR and other terms and conditions are based on creditworthiness and ability to repay, not financial need and are subject to change. The borrower must be a U.S. citizen or legal resident. We may not extend credit to you if you do not meet Alliant criteria. Repayment terms are up to 12 years (except for K-12, which is limited to a two-year term). The minimum loan amount is $500 for K-12 loans; $3,000 for college loans. The maximum cumulative loan amount (per membership account) is $75,000. Loan may not be used to consolidate other student loan debt. Loan proceeds may not exceed the total amount needed for expenses associated with attending school. These include, but are not limited to tuition, books, school fees, room and board, transportation and supplies. Grants, scholarships and other student loans may reduce the amount you may be eligible for, regardless of creditworthiness and ability to repay. Students enrolled in a K-12 program must attend a school that is part of a private school association such as NAIS, NIPSA, etc. The approved school may not be a proprietary school (a school that is considered a for-profit institution), community college or trade school. A school certificate is required as proof of enrollment. Documents must include the student name, enrollment period and name of the school. Repayment term begins within 45 days of the disbursement. Minimum payment amount is $50 per month, per loan. Borrower must be an Alliant member and must be the spouse, parent, stepparent, grandparent or guardian of a student enrolled in a K-12, undergraduate or graduate program; or use the funds for his/her own qualifying education expenses. To become an Alliant member, you must meet eligibility requirements for Alliant membership.

Payment example: Monthly payment of $9.01 per thousand dollars borrowed based on a rate of 4.50% APR as of 05/01/2013 and a repayment term of 12 years.

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2 Consolidated Student Loan Disclosure

Annual Percentage Rate (APR) is variable and subject to increase after consummation. Loan approval, APR and other terms and conditions are based on creditworthiness and ability to repay, not financial need and are subject to change. The borrower must be a U.S. citizen or legal resident. We may not extend credit to you if you do not meet Alliant criteria. Repayment terms up to 25 years are available. The minimum loan amount is $10,000 and the maximum cumulative loan amount (per membership account) is $75,000 for undergraduate student loans, or $100,000 for undergraduate and graduate student loans combined. The approved school may not be a proprietary school (a school that is considered a for profit institution), a community college or trade school. Documents must include the student name, financial institution to be paid and loan balance. Loan disbursement check will be made payable to the financial institution and the borrower. Repayment term begins within 45 days of the disbursement. Minimum payment amount is $50 per month, per loan. Loan proceeds must pay off existing private student loan debt incurred by the borrower. Combining debt for more than one student is not allowed. You must be a member of Alliant to apply. To become an Alliant member, you must meet eligibility requirements for Alliant membership.

Payment example: Monthly payment of $6.45 per thousand dollars borrowed based on a rate of 6.00% APR as of 05/01/2013 and a repayment term of 25 years.

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3 Traditional Student Loan Disclosure

The Traditional Student Loan Annual Percentage Rate (APR) assumes that you will be in school for four years and have a six-month grace period before repayment begins. Repayment terms up to 12 years are available. The approved school may not be a proprietary school (a school that is considered a for-profit institution), community college or trade school. The minimum loan amount is $3,000. Borrow up to $15,000 annually to a maximum cumulative loan amount (per membership account) of $60,000. Rate is variable and is subject to increase after consummation. You are not required to make payments on your loan while in school, although you may make principal and interest payments at any time. Making payments while attending school will lower your APR. Disbursements will be made directly to the school. Your interest rate will be determined by your cosigner's credit score, if applicable; otherwise, your credit score will determine the interest rate. To be eligible for the interest rate reduction for automatic payments, you must be signed up for automatic payments through University Accounting Service (UAS). Alliant Credit Union reserves the right to modify or discontinue benefits at its discretion and without notice. To become an Alliant member, you must meet eligibility requirements for Alliant membership.

Payment example: Monthly payment of $8.88 per thousand dollars borrowed based on a rate of 4.25% APR as of 05/01/2013 and a repayment term of 12 years.

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Visa® Credit Cards

Loan approval and APR based on creditworthiness, payment method and ability to repay. Rates, terms, and conditions are subject to change. APR=Annual Percentage Rate.
Visa® Credit Card Agreement (PDF)
Visa® Credit Card Disclosure (PDF)
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Fixed Rate Mortgages Disclosure

Fixed rate mortgages available in all 50 states. Loan approval, interest rate, and downpayment required based on creditworthiness, amount financed, and ability to repay. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Origination fee is $1,795. Other fees may be assessed, as applicable. Rates, terms, and conditions are subject to change.

Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.

Example Fixed Rate Mortgages Monthly Repayment Terms
Loan Type Rate(%) APR(%) Payment Per $1,000
15-Yr. Fixed (180 months) 3.375 3.538 7.09
30-Yr. Fixed (360 months) 4.250 4.344 4.92
Payment examples do not include taxes and insurance premiums; actual payment obligation may be greater.
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1/1 and 3/1 Adjustable Rate Mortgage (ARM) Disclosure

1/1 and 3/1 adjustable rate mortgages available in all 50 states. Loan approval, interest rate, and downpayment required based on creditworthiness, amount financed, and ability to repay. Origination fee is $1,795. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Other fees may be assessed, as applicable. Rates, terms, and conditions are subject to change. The 1/1 ARM may adjust annually after the first year of the loan based on the 1 Year London Interbank Offered Rate (LIBOR) plus a margin of 2.50 percentage points with a 6% lifetime cap. The 3/1 ARM offers a fixed rate for 3 years and adjusts to a 1 year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 Year London Interbank Offered Rate (LIBOR), plus a margin of 2.50 percentage points (3% on second/vacation homes) with a 6% lifetime cap.

Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.
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5/1, 7/1 and 10/1 Adjustable Rate Mortgage (ARM) Disclosure

5/1, 7/1 and 10/1 adjustable rate mortgages available in all 50 states. Loan approval, interest rate, and downpayment required based on creditworthiness, amount financed, and ability to repay. Origination fee is $1,795. Loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and Annual Percentage Rate. Other fees may be assessed, as applicable. Rates, terms, and conditions are subject to change. The 5/1, 7/1 and 10/1 ARMs offer a fixed rate for the initial period of the loan and adjust to a one year ARM after that period. The interest rate and monthly payment may adjust annually based on the 1 Year London Interbank Offered Rate (LIBOR), plus a margin of 2.50 percentage points (3% on second/vacation homes) with a 5% life time cap.

Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.
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Conventional Home Equity Line of Credit Disclosure

Home equity products are available in the following states: AZ, CA, CO, CT, FL, GA, HI, IA, IL, IN, KY, MA, MD, MI, MN, MO, MT, NC, NJ, NM, NV, NY, OH, PA, TN, UT, VA, WA, WI and Washington, D.C. The minimum loan amount is $10,000. The minimum loan amount is $25,001 in IA, WI and Washington, D.C. Offer subject to credit approval, which includes verification of application information and receipt of collateral documents. Rates and closing costs are subject to credit qualifications. Maximum loan to value of up to 80% depending on state in which the property is located. Maximum loan to value is 75% in AZ, FL, and NV. Initial rate is based on loan amount, loan to value and credit history. We may not extend credit to you if you do not meet Alliant criteria. The Annual Percentage Rate (APR) is a variable rate. Your applicable rate will adjust annually (starting on the anniversary date of your first payment), depending upon credit qualifications and loan to value ratio. This rate is based on the highest Prime Rate published in The Wall Street Journal 30 days prior to your anniversary date, plus or minus a margin. The APR range is from 4% to a maximum of 16%. Loans without automatic payment selection are subject to an increase in rate and margin of 0.4%. No closing costs (excluding applicant ordered appraisal) based on Home Equity Line of Credit (HELOC) loans up to $250,000 and meeting Alliant criteria. A fee of $1,000 is applied to HELOC loans more than $250,000. Seven year draw period. Repayment term 15 years. Costs to satisfy certain prior liens may be assessed. Property insurance is required. Flood insurance may be required. If the state and/or county in which the collateral is located charges additional fees and taxes, the borrower will be responsible for payment. A $200 termination fee may be applied to a HELOC cancelled or closed by the borrower within one year of origination. Refinancing of Alliant home equity line of credit loans available; $250 fee on loans that do not increase the credit limit by $10,000 or more. Rates, terms, and conditions subject to change. Other restrictions may apply. HELOC loans available on 1 to 2 unit owner occupied dwellings. Consult your financial advisor about potential tax savings. Please consult with an Alliant Loan Consultant at 800-328-1935 ext. 5401 for more information on an Alliant Traditional Home Equity Line of Credit.
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Fixed Rate Home Equity Loan Disclosure

Home equity products are available in the following states: AZ, CA, CO, CT, FL, GA, HI, IA, IL, IN, KY, MA, MD, MI, MN, MO, MT, NC, NJ, NM, NV, NY, OH, PA, TN, TX, UT, VA, WA, WI and Washington, D.C. The minimum loan amount is $10,000. The minimum loan amount is $25,001 in IA, WI and Washington, D.C., and $50,000 in TX. Offer subject to credit approval, which includes verification of application information and receipt of collateral documents. Rates and closing costs are subject to credit qualifications. Maximum loan to value of up to 80% depending on state in which the property is located. Maximum loan to value is 75% in AZ, FL, and NV. Initial rate is based on loan amount, loan to value, term and credit history. We may not extend credit to you if you do not meet Alliant criteria. The Annual Percentage Rate (APR) is a fixed rate, depending upon credit qualifications and loan to value ratio. No closing costs except in TX, and applicant ordered appraisals in all states based on home equity loans up to $250,000 and meeting Alliant criteria. Loans without automatic payment selection are subject to an increase in rate of 0.4%. A fee up to $1,000 is applied to home equity loans more than $250,000. Costs to satisfy certain prior liens may be assessed. Property insurance is required. Flood insurance may be required. If the state and/or county in which the collateral is located charges additional fees and taxes, the borrower will be responsible for payment. Refinancing of Alliant home equity products available; $250 fee on loans that do not increase the balance by $10,000 or more. Rates, terms, and conditions subject to change. Other restrictions may apply. Home equity loans available on 1 to 2 unit owner occupied dwellings. Consult your financial advisor about potential tax savings. Please consult with an Alliant Loan Consultant at 800-328-1935 ext. 5401 for more information on an Alliant Fixed Rate Home Equity Loan. For TX please contact our Houston branch at 800-328-1935 ext. 3810.

Example Home Equity Loans Monthly Repayment Terms
Loan Type APR(%) Payment Per $1,000
5-Yr. Fixed (60 months) 5.500 19.11
10-Yr. Fixed (120 months) 6.000 11.11
15-Yr. Fixed (180 months) 6.500 8.72

APR = Annual Percentage Rate.

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Interest-only Home Equity Line of Credit Disclosure

Home equity products are available in the following states: AZ, CA, CO, CT, FL, GA, HI, IA, IL, IN, KY, MA, MD, MI, MN, MO, MT, NC, NJ, NM, NV, NY, OH, PA, TN, UT, VA, WA, WI and Washington, D.C. The minimum loan amount is $10,000. The minimum loan amount is $25,001 in IA, WI and Washington, D.C. Offer subject to credit approval, which includes verification of application information and receipt of collateral documents. Rates and closing costs are subject to credit qualifications. Maximum loan to value of up to 80% depending on state in which the property is located. Maximum loan to value is 75% in AZ, FL and NV. Initial rate is based on loan amount, loan to value and credit history. We may not extend credit to you if you do not meet Alliant criteria. The Annual Percentage Rate (APR) is a variable rate. Your qualifying rate may adjust monthly and is based on the highest Prime Rate as published in The Wall Street Journal as of the date of any rate adjustment plus or minus a margin. The APR range is from 4% to a maximum of 16%. Loans without automatic payment selection are subject to an increase in rate and margin of 0.4%. No closing costs (excluding applicant ordered appraisals) based on Interest-only Home Equity Line of Credit (HELOC) loans up to $250,000 and meeting Alliant criteria. A fee of $1,000 is applied to Interest-only HELOC loans more than $250,000. Minimum payment will not repay principal, which will result in a balloon payment at the end of the 7-year draw period. Costs to satisfy certain prior liens may be assessed. Property insurance is required. Flood insurance may be required. If the state and/or county in which the collateral is located charges additional fees and taxes, the borrower will be responsible for payment. A $200 termination fee may be applied to an Interest-only HELOC cancelled or closed by the borrower within one year of origination. Refinancing of Alliant home equity products available; $250 fee on loans that do not increase the credit limit by $10,000 or more. Rates, terms, and conditions subject to change. Other restrictions may apply. Interest-only HELOC loans available on 1 to 2 unit owner occupied dwellings. Consult your financial advisor about potential tax savings. Please consult with an Alliant Loan Consultant at 800-328-1935 ext. 5401 for more information on an Alliant Interest-only Home Equity Line of Credit.
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MEMBER’S CHOICE™ Protection (Not available on fixed Rate Home Equity Loan)

MEMBER'S CHOICE Protection contains certain terms and exclusions. Protection is not available for Interest-only Home Equity products. The protected borrower(s) may not be eligible for all benefits. Refer to the MEMBER'S CHOICE Protection Agreement for complete details. The MEMBER'S CHOICE Protection fee will be added to your loan and calculated in your monthly payment. Rates, terms and conditions are subject to change. Purchase of this protection is voluntary and not required in order to obtain credit. We will not consider whether or not you elect this protection in making our credit decision
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Bill Pay

An Alliant checking account is required for use with Alliant Bill Pay. There are no fees to maintain a Bill Pay account. However, if incurred, applicable fees such as a stop payment fee will apply. Please refer to the Alliant Fee Schedule for a complete list of these type of fees.
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Account Agreement and Disclosures

Account Agreement and Disclosures (PDF)
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Fees

Fee schedule. Fees subject to change.
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eSign

If you have established your Alliant membership online, the terms of the Electronic Signature and Consent to Conduct Business Electronically (PDF) disclosure shall apply.
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