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In addition to serving members for over 85 years, Alliant Credit Union is one of the largest credit unions in the country with more than $17 billion in assets, making it one of the largest credit unions in the country. As a provider of a full range of banking services and competitive products, it boasts more than 700,000 members across the country. Its services can be found at the official website of the company, alliantcreditunion.org.

Alliant Credit Union logo

Summary Of Alliant Credit Union

Would you like to apply for a personal loan, but are unsure where to begin? If you have heard of Alliant Credit Union, you may be interested in finding out if they are the right credit union for you. For you to be able to make an informed decision, we take a closer look at this company.

In our investigation of their website and terms and conditions, we found some interesting information.

These are just a few of the things that caught our attention.

  • Members who have not been established for at least 90 days are not eligible for loans.
  • Rates on personal loans range from 10.49 percent to 12.49 percent.
  • The company offers loans ranging from $1,000 to $50,000.
  • The terms range from one to five years.
  •  An automatic payment option can result in a 0.4% higher APR. 
  •  The rates, terms, and conditions are subject to change without notice.

Alliant Credit Union: What Is It?

Alliant Credit Union review

The Alliant Credit Union is a unique not-for-profit financial cooperative in which all of its members are also members. In the United States, Alliant Credit Union is one of the oldest and largest credit unions. This company currently has assets of more than US$17 billion and has been serving its members for over 85 years. The 700,000+ members of Alliant enjoy a comprehensive range of competitive products and services.

The Better Business Bureau has given Alliant Credit Union an A+ rating. In the last three years, they have had an average of 56 customer reviews and 130 complaints resolved.

11545 W Touhy Ave, which is the primary location of the company, is the company’s main office in Chicago. The phone number for the company is (773) 462-2000, and you can reach them by phone at that number.

How Does This Company Work?

Alliant Personal Loans are quick and easy to apply for, and you can often receive the funds the same day. Unsecured signature loans are an excellent option when you need additional funds without requiring collateral.

With Alliant’s personal you can consolidate other loans, pay for emergency expenses, or fund home improvements.

How To Qualify For Alliant Credit Union

The Alliant Credit Union does not offer loans to non-members or to members who have not been established for at least 90 days. The term “established member” refers to a member who has been a member for at least 90 days.

Additionally, loan approval and APR are determined by some factors, such as credit score, employment history, and monthly income. A lower APR is more likely to be approved if you have a good credit score.

BBB Reviews

It is no surprise that Alliant Credit Union is rated as one of the top financial institutions by the Better Business Bureau. As of 2004, they have been accredited by the Better Business Bureau and boast an A+ rating. Each year, they receive an average of 56 customer reviews from their customers. Despite this, they have also had 130 complaints filed against them in the last 3 years, with a 1-star rating out of a 5-star rating.

Here are some reviews:

Usha C. 09/03/2022

ALLIANT IS HORRIBLE I have two auto loans with Alliant both loans in my name with my children. Now I wanted to pay for loans we are on the phone hold for 43 minutes, Alliant employee comes on the phone asking SECURITY questions, question was HOW YOU BECAME MEMBER OF ALLIANT? So I replied we get an auto loan from Alliant, so I failed the SECURITY question and she refused to help me. Very senseless questions and you failed SECURITY questions.
I will ***** who introduced to me Alliant. Alliant is completely out of any state regulations and needs to fix. Also, the loan was in my name still I am considering a third party. I request for supervisor the employee of Alliant was so rude and refused to help me with our help I was on the phone1.54 minutes. The supervisor should fix this 1 STAR CUSTOMER SERVICE Worse customer service I never dealt in my life like this. I hope other people read this and help them with this honest review.

Mike N. 06/27/2022

The process to secure a mortgage loan from Alliant was dismal, to say the least. We had to go through 3 different loan officers because some were terrible at communication or they had quit their job. They never picked up the phone or answered emails. They barely made it on time to make the closing. In addition, I am trying to create a profile on their app so I can make my monthly mortgage payment.
I called the service number and they were completely rude. They were unable to help me make an account on their app and told me to call back. I asked how is calling back going to help and if you can’t help now. They replied I don’t know. Avoid Alliant as much as possible. They have poor values and communication.

Brad T 09/10/2021

Horrible customer service. Borders on predatory loan practices. I have paid my car off twice and still don’t have a title to show for it. They still say I have a balance, third time!

Frequently Asked Questions

How Much Does Alliant Credit Union Charge?

You can save money on interest and fees if you set up automatic payments for your Alliant loan. It is important to note that rates, terms, and conditions can change at any time.

The monthly payment for a $1,000 loan with a 10.49% interest rate and a 12-month term would be $88.14.

Depending on your loan terms and special qualifying rates, your actual payment may differ. It is also important to note that rates will be higher when refinancing an existing Alliant loan.

Is There Any Pre-Payment Penalty?

For those who choose to pay off their loans earlier than originally planned, Alliant Credit Union does not impose any prepayment penalties.

How Does This Company Affect Your Credit?

Your credit score will not be affected by checking your rate. The process of applying for a loan after viewing your rates will require a full credit report inquiry, which will be reflected as a hard pull and may adversely affect your credit rating. You may experience a drop in your credit score as a result of this type of inquiry. Third parties may also be able to view your inquiry.

How To Cancel Alliant Credit Union?

Before taking out a loan from Alliant Credit Union, make sure you are aware of all the terms and conditions. Once you receive the money, you cannot cancel or reverse the loan, so it is important to be sure that a loan is the right choice for you before taking it out.

Do you find it difficult to make ends meet? Here are some tips that may assist you in getting back on track.

To avoid spending more than you can afford, you can do a few things.

  • Keeping a budget is a great way to stay on track.
  • In addition, you might want to talk to a financial adviser who will be able to explain your options and help you develop a plan that will work for your unique situation.
  • If you’re already in debt, don’t worry too much about it. In many cases, companies are willing to work with their customers to arrange a more manageable payment plan. Get in touch with their customer service team for more information.

Alliant Credit Union: Is It Legit Or A Scam?

Alliant Credit Union loan 1

With more than $17 billion in assets, Alliant Credit Union is one of the oldest financial institutions in the country. In addition to being based in Illinois, it is one of the largest credit unions in the country and has an A+ rating. Since 2004, Alliant Credit Union has been accredited.

Although Alliant Credit Union has an average of 56 customer reviews, 130 complaints have been resolved in the past three years. The number of complaints is nearly double the number of reviews. In just the last 12 months, 59 of those complaints were resolved.

It is important to compare loan rates and options when considering taking out a loan. It is important to read customer reviews before making a decision, so you can choose the best option for you. By doing this, you can avoid taking out an unaffordable loan.

Alliant Credit Union
  • Alliant Credit Union
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Alliant Credit Union

Before taking out a loan from Alliant Credit Union, make sure you are aware of all the terms and conditions. Once you receive the money, you cannot cancel or reverse the loan, so it is important to be sure that a loan is the right choice for you before taking it out. With more than $17 billion in assets, Alliant Credit Union is one of the oldest financial institutions in the country. In addition to being based in Illinois, it is one of the largest credit unions in the country and has an A+ rating. Since 2004, Alliant Credit Union has been accredited.

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