Alliant Commercial Lending Recognized with CUNA Excellence Award

11/08/2018 • Alliant News

Alliant Credit Union recently received the CUNA 2018 Excellence in Lending Award in recognition of the credit union’s forward-looking commercial lending strategy and successes.

Alliant’s award entry outlined the credit union’s overall business lending operations, including strategy, loan programs, marketing techniques and risk management protocols. Since implementing these tactics 18 months ago, Alliant has originated $439 million in new business loans, and combined with its prior book, Alliant’s portfolio loan-to-value ratio stands at 59.5 percent and features no charge-offs and virtually no delinquencies.

“Since the inception of commercial lending at Alliant in 2012, the business has clearly come a very long way,” said Charles Krawitz, Alliant Vice President of Commercial Lending. “This award, while extremely validating, reminds me that the quest for excellence is an ongoing proposition. To this end, the commercial lending team is fortunate to be part of an organization that does not rest on its laurels, but instead is encouraging of, and receptive to, new ideas in the service of our members.”

The award was presented by the CUNA Lending Council, a national network comprised of credit union lending experts across the country, and award winners were recognized at the CUNA Lending Council's 24th annual conference Oct. 28-31 in Anaheim, CA.

About Alliant
Alliant Credit Union is a not-for-profit financial cooperative with over 400,000 members and more than $10 billion in assets. Headquartered in Chicago and founded in 1935, Alliant is the largest credit union in Illinois and one of the largest credit unions in the United States. As a digital credit union, Alliant’s mission is to provide members consistently superior financial value while simplifying and enabling how people save, borrow and pay. Find out more at alliantcreditunion.org.

About CUNA Councils
CUNA Councils is a member-led organization dedicated to connecting passionate people, great ideas, original content and relevant resources to find solutions and inspire achievement through the power of peer collaboration. CUNA Councils serves seven areas of credit unions including CEOs, lending, marketing and business development, finance, human resources and training development, technology and operations, sales and service. For more information, visit cunacouncils.org.

Media contact:
Maggie Tomasek
Social Media & PR Specialist
Alliant Credit Union
773-462-3958
[email protected]