Company: Alliant Credit Union, Chicago, IL
Company Description: Alliant Credit Union is a not-for-profit financial cooperative that was established in Chicago in 1935. With over 85-years of experience, we are the largest credit union in the state of Illinois, the sixth largest credit union in the United States of America and carry over 800,000 members and more than $19 billion in assets.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Banking - Large
 Nomination Title: Alliant Credit Union
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since January 1 2022, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 113 words used.
- Alliant Credit Union is a not-for-profit financial cooperative that was established in Chicago in 1935. With over 85-years of experience, we are now the largest credit union in the state of Illinois and the sixth largest credit union in the United States of America. With over 800,000 members and more than $19 billion in assets, our mission is to provide its members with an advanced user experience paired with effective and efficient banking solutions. Alliant Credit Union is committed to bridging the digital divide for our members, ensuring digital equity for all. Through our fulsome digital capabilities, our progressive approach offers our members the most comprehensive, seamless customer experience in the industry.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2022 that you wish to bring to the judges' attention (up to 250 words):
Total 156 words used.
- In the past two years, since the beginning of 2022, Alliant Credit Union’s membership has grown from 646,000 to over 800,000 members.
- Also during that time, the total assets of our cooperative has grown from $15 billion to over $19 billion.
- Since the start of 2022, we became the largest credit union in the state of Illinois, where we are headquartered.
- At the time of writing, we are the sixth-largest credit union in the United States of America.
- At the start of 2022, Alliant Credit Union eliminated overdraft fees for members, saving them over $3 million in the calendar year
- Also in 2022, Alliant Credit Union delivered over $300 million in financial returns to members over national bank averages
- In December 2023, launched five new mortgage offerings, in partnership with Zillow, Bankrate and Lending Tree. The services offered are:
- FHA (Federal Housing Administration) mortgage
- VA (Veteran Affairs) mortgage
- USDA mortgage
- Construction loans
- Doctor program
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 47 words used.
- n part, because of the aforementioned actions, Alliant Credit Union is one of the fastest growing credit union in the United States.
- These actions have furthered Alliant Credit Union’s recognition amongst pundits and platforms alike while also continuing to see an accelerated trend of more members joining.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 3 words used.
Included in attachments.
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