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Alliant Credit Union Forms Charitable Foundation

July 01, 2009 | Alliant Credit Union

Foundation Check Presentation

Ms. Lynn Hughitt, Alliant Credit Union Board of Directors Chairperson, presents an oversized check representing a $4 million grant from the credit union, providing funding for the Alliant Credit Union Foundation. Receiving the check are Foundation Board of Directors President, David Mooney (center) and Board Vice President, Wayne Rosenwinkel.

CHICAGO, IL (July, 2009)- Alliant Credit Union, among America's largest credit unions with over $6.4 billion in assets and more than 250,000 members nationwide, recently established the Alliant Credit Union Foundation, announced David W. Mooney, President & CEO of the credit union and President of the Alliant Credit Union Foundation. The foundation is registered as a 501c3 not-for-profit corporation.

Mr. Mooney said, "The purpose of the foundation is to promote economic empowerment and self-sufficiency of people, especially in the communities in which Alliant Credit Union members and employees live and work." He added that specific types of support provided by the foundation will include: Education - helping to raise the level of financial literacy of young people and adults; Service - donating time, energy and resources that improve conditions for those in need; Grants - improving the lives of people through financial support; Investments - providing community development investment dollars for projects and programs aligned with our mission.

"Contributions and support will go only to worthy causes, serving large segments of the communities we serve in non-controversial ways", mentioned Mooney.

The Alliant Credit Union Foundation is a four million dollar charitable organization funded by Alliant Credit Union, according to Mr. Mooney. The foundation provides charitable contributions on behalf of the credit union's civic affairs initiatives and the Operation HOPE financial literacy program. The foundation will make additional educational, community development and other civic-minded investments and donations. "Funding the foundation will not affect the dividends we pay on our members' deposit accounts, or the amounts and rates for loans that we offer," Mooney added.

"We look forward to making contributions and providing support to charitable organizations and other causes that help enhance the quality of life in communities we serve, and to encourage other businesses and organizations to do the same," said Mooney.

About Alliant Credit Union
Alliant Credit Union, founded in 1935, is a not-for-profit, independently operated financial cooperative serving over 140 employee groups with more than 250,000 members and over $ 6.4 billion in assets, making it the largest credit union in Illinois, and the seventh largest in the nation, based on asset size. As a member-owned financial institution, Alliant exists to foster members' financial well-being and to serve their best interests. Alliant is headquartered in Chicago at 11545 W. Touhy Avenue and is an Illinois-chartered credit union, and as such, is under the supervision of the Illinois Department of Financial and Professional Regulation. Alliant is an equal housing lender and federally insured by the National Credit Union Share Insurance Fund, which is administered by the National Credit Union Administration, an independent agency of the U.S. Government.


© 2009 Alliant Credit Union Foundation. All Rights Reserved.

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