See What Alliant Credit Union Can Do for Your Money

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

alliant credit union review

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Alliant Credit Union is one of the largest credit unions in the country. It’s been serving customers since 1935, but today the credit union operates primarily online.

As a leader in the credit union industry, Alliant stands out for its user-friendly online and mobile offerings. Plus, it provides one of the best high-yield savings accounts on the market.

Because it’s a non-profit credit union, Alliant offers competitive financial products and educational resources to its members. To find out if Alliant meets your financial needs, check out our full Alliant Credit Union review.

Visit Alliant Credit Union

Alliant Credit Union review

If you’re unfamiliar with credit unions, note that unlike banks, they’re non-profit organizations. When you become a member, you’re also becoming a part owner. Because credit unions don’t operate for profit, they can offer competitive rates to their customers. Alliant serves over 335,000 members across the country.

Alliant has a wide range of banking products beyond checking and savings accounts. You can open an Alliant credit card, start an independent retirement account, take out a loan, or purchase an insurance plan.

Plus, you can conduct all your transactions on the sleek Alliant website or mobile app. While you won’t find many Alliant branches, you will have access to over 80,000 fee-free ATMs. Can’t find a free ATM in your area? Alliant will reimburse ATM fees up to $20 per month.

Finally, Alliant offers free financial advising, along with useful articles on its blog, The Money Mentor. Speak with an advisor about wealth management or find personal finance tips in The Money Mentor articles.

Alliant Credit Union eligibility requirements

Since it’s a credit union, Alliant has certain eligibility requirements to join, but these requirements are so flexible that the credit union is essentially open to anyone. There are five ways you could become a member of Alliant Credit Union. The first four require some sort of specific affiliation, but anyone could fulfill the fifth.

  1. You’re a current or retired employee of one of Alliant’s partner businesses or organizations. You can search for businesses in Alliant’s drop down list.
  2. A family member or domestic partner is already an Alliant member.
  3. You live or work in a qualifying community near Alliant’s Chicago headquarters.
  4. You belong to a qualifying organization, like the Freelancers Union or Chicago Bar Association.
  5. If none of these apply, you can join by donating $10 or more to the non-profit Foster Care to Success.

When you open an account with Alliant online, you’ll choose the applicable eligibility requirement. Then, you can go on to provide your personal information and set up your account.

See If You’re Eligible

Alliant Credit Union products

As a major financial institution, Alliant offers a wide range of financial products. Here are the main ones.

Savings accounts

With 1.00% APY, Alliant’s savings account has one of the highest yields on the market. To open a savings account, you need to make a $5 deposit. Plus, you need a balance of just $100 to get 1% APY.

If you’re saving for a specific goal, you can funnel deposits into a supplemental savings account. You can co-own an account with your child to teach them early financial habits — Alliant’s Kids Savings Account is open to children 12 and under.

Checking accounts

Alliant’s NCUA-insured checking accounts are completely free to open. There’s no monthly service fee or minimum balance requirement. Your Visa debit card and first box of checks are also free.

You’ll qualify for a relatively high APY of 0.65% if you meet two requirements:

  • Sign up for eStatements
  • Make at least one deposit a month

If you have kids between 13 and 17, you can also open a joint-owned free Teen Checking Account with Alliant.

Alliant credit cards

Alliant Credit Union offers two credit cards to its members: the Visa Platinum Rewards Card and Visa Platinum Card. Both come with no annual fee and 12 months of 0% APR.

The rewards card offers one point for every dollar spent, plus 10,000 bonus points if you spend $500 in the first three months. The card you qualify for depends on your creditworthiness.

If you have particularly strong credit, though, you might qualify for a different credit card with an even better rewards program.

Alliant loans

Alliant offers a range of loans, including:

  • Student loans (traditional and consolidation)
  • Personal loans
  • Mortgages
  • Car loans
  • Business loans

All of these loans come with competitive interest rates and optional debt protection plans. You can learn more about the full range of Alliant loans on the website.

Retirement savings accounts

You can also save for retirement with an Alliant traditional IRA, Roth IRA, or SEP IRA. Even though this is an online credit union, you can speak with an advisor for customized financial guidance.

Alliant advisors help with topics like retirement planning, wealth management, and life insurance. If you have assets to protect, you can also open a trust account with no maximum balance limit.

Insurance plans

Alliant Credit Union provides five main insurance plans, as well:

  • Auto insurance
  • Homeowners insurance
  • Accidental death insurance
  • Whole life insurance
  • Term life insurance

Both the auto and homeowners insurance programs offer a 24/7 claims service. An Alliant financial advisor can help you find the insurance program and plan that best meets your needs.

College savings accounts

Finally, you can invest in your child’s education by opening a Coverdell Education Savings Account (ESA). Your contributions will grow federal tax-free in this account with an APY of 1.00%. You can contribute up to $2,000 per year.

Using the Alliant website

Signing up for an Alliant account is easy. Simply head to the Alliant website and click on “Become a Member.”

Once you’ve chosen your eligibility requirement to join this online credit union, you’ll be prompted to accept the application agreement.

At this point, you’ll start entering personal information. You’ll need your ID number, social security number, and basic information. Plus, you must provide proof that you meet the eligibility requirement you selected.

online credit union

Once you’ve submitted your application and are approved, you’ll receive your first box of checks and debit card in 10 to 14 days. And if you want to make banking even easier, download the Alliant mobile app.

alliant bank

With the app, you can view a history of your transactions, check your balance, locate nearby ATMs, or send a secure message to customer service.

alliant credit union customer service

Alliant Credit Union review of fees and interest rates

Holding an account with Alliant means no account minimum or monthly fees for checking or savings account. However, you can incur fees for certain transactions. Here are a few of the most common fees:

  • Courtesy pay fee: $25
  • Return deposit item: $15
  • Non-sufficient fund item: $25
  • Inactivity fee: $10
  • Overdraft transfer: $3
  • Account closed within 90 days of opening: $10

Alliant’s interest rates also vary by loan type. Whether you’re taking out a student, personal, business, home, or a car loan — each will be different. For example, student loans start with an APR as low as 3.41% and personal loans start at 12.15%.

Check Out Alliant’s Rates Today

More about Alliant Credit Union

Alliant was originally founded as United Airlines Employees’ Credit Union in 1935. It had 146 members and managed just over $5,000 in assets.

Over the years, it expanded its products and services, along with access to membership. Today, Alliant Credit Union has over 335,000 members and manages $9.3 billion in assets.

Alliant’s headquarters are based in Chicago and it has 11 branch offices in five states. However, Alliant is mainly an online credit union — the majority of its members work with Alliant online or through the app.

Alliant Credit Union contact information

There are a number of ways you can contact Alliant Credit Union customer service. Send a secure message or email after logging into your account or get immediate help by calling 800-328-1935.

To keep up to date on the company, follow Alliant Credit Union on Twitter at @AlliantCU.

Interested in refinancing student loans?

Here are the top 6 lenders of 2018!
LenderVariable APREligible Degrees 
Get real rates from up to 4 Lenders at once

Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Laurel Road.

Laurel Road Disclosures

  1. VARIABLE APR – APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student Loan RefinanceFixed rates from 3.999% APR to 7.804% APR (with AutoPay). Variable rates from 2.480% APR to 7.524% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.480% APR assumes current 1 month LIBOR rate of 2.07% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score
  2. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (

3 Important Disclosures for CommonBond.

CommonBond Disclosures

4 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Education Refinance Loan Rate DisclosureVariable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2018, the one-month LIBOR rate is 2.07%. Variable interest rates range from 2.72%-8.17% (2.72%-8.17% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 3.50%-8.69% (3.50% – 8.69% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown require application with a cosigner, are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
  2. Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer with the Education Refinance Loan. Borrowers should carefully review their current benefits, especially if they work in public service, are in the military, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans and replace those with the benefits of the Education Refinance Loan. For more information about federal student loan benefits and federal loan consolidation, visit We also have several resources available to help the borrower make a decision at, including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
  3. Citizens Bank Education Refinance Loan Eligibility: Eligible applicants may not be currently enrolled, must be in repayment of their existing student loan(s) and must make the minimum number of payments after leaving school. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not attained the age of majority in their state of residence, a co-signer will be required. Citizens Bank reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Education Refinance Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned.
  4. Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  5. Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
  6. Co-signer Release: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply.
  7. Average savings based on 18,113 actual customers who refinanced their federal and private student loans through our Education Refinance Loan between January 1, 2017 and December 31, 2017. The calculation is derived by averaging the monthly savings of Education Refinance Loan customers whose payments decreased after refinancing, which is calculated by taking the monthly student loan payments prior to refinancing minus the monthly student loan payments after refinancing. The borrower’s savings might vary based on the interest rates, balances and remaining repayment term of the loans they are seeking to refinance. The borrower’s overall repayment amount may be higher than the loans they are refinancing even if their monthly payments are lower.
2.57% – 5.87%Undergrad
& Graduate
Visit Earnest
2.80% – 6.38%1Undergrad
& Graduate
Visit Laurel Road
2.48% – 7.52%2Undergrad
& Graduate
Visit SoFi
2.47% – 7.99%Undergrad
& Graduate
Visit Lendkey
2.57% – 6.65%3Undergrad
& Graduate
Visit CommonBond
2.72% – 8.17%4Undergrad
& Graduate
Visit Citizens
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.