Why the decision to transfer from a big bank to a credit union is simple

July 20, 2023 | Denise Killian

Thinking of transferring your funds from a big bank to a credit union? Banks and credit unions each have their list of pros and cons, but credit unions tend to have more advantages for the member than banks.

Most big banks have the primary objective of making a profit from their customers to please their stockholders. Big banks are for-profit, meaning they are privately owned or publicly traded, whereas credit unions are nonprofit. Credit unions are owned by their members and are focused on creating an exceptional experience for them. This means that there are no stockholders to answer to, only you. Credit Unions remain the best option for financial services for American families and businesses. Alliant has a transparent banking model that puts members like you first and will continue to do so. We value our members whose accounts are safe with us and are provided with competitive deposit rates and low fees.

Here are a few benefits of transferring to a credit union:

Credit unions invest in your goals

Our members can save more money by providing lower interest on loan rates and fewer fees. And because we aren’t focused on making a profit, we can focus on making sure we are providing the right products and services that work for you.

Your money is safe with us

Credit unions are insured by the National Credit Union Administration (NCUA), a federal government agency. This means that up to $250,000 of your savings are guaranteed, as well as your IRA!

Convenient banking from anywhere

Specifically, Alliant has no physical branches since we are a digital-only credit union, which means your money is available 24/7/365. With access to over 80,000+ fee-free ATMs1nationwide, you can always be sure that you can access your funds when needed.

Access your information with a seamless digital experience

Our award-winning online and mobile banking is simple and quick, and we continuously search for ways to improve your experience. But sometimes, you need human support, which is why we are a phone call or message away – even on the weekends and holidays!

Ready to make the switch? Apply today to see if you’re eligible for membership, provide your information, and set up your account! It’s easy and only takes a few minutes.

Read more about credit unions:


Transactions performed at other ATMs may be subject to the ATM owner’s surcharge fee. Please see the online ATM Locator at www.alliantcreditunion.com or our mobile baking app for a list of ATMs that accept deposits or are surcharge-free. Not all ATMs accept deposits.

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