See What Alliant Credit Union Can Do for Your Money

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Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. 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 to help you understand what you are buying. Be sure to consult with 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.

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 is no longer accepting applications for Student Loans. Information is accurate as of the date of publishing. See for more information. 

Alliant Credit Unionis 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 listed on our site.

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.

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.

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:

  • 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 personal, business, home, or a car loan — each will be different.

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 8 lenders of 2020!
LenderVariable APREligible Degrees 
Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.

Earnest Disclosures

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Earnest fixed rate loan rates range from 3.20% APR (with Auto Pay) to 6.99% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 6.89% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of December 13, 2019, and are subject to change based on market conditions and borrower eligibility.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

The information provided on this page is updated as of 12/13/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit, email us at, or call 888-601-2801 for more information on our student loan refinance product.

© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.46% APR (with AutoPay) to 7.61% APR (without AutoPay). Variable rates currently from 2.31% APR (with AutoPay) to 7.61% (without 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 2.31% APR assumes current 1 month LIBOR rate of 2.31% plus 0.75% margin minus 0.25% for AutoPay. If approved for a loan, the fixed or variable interest rate offered will depend on your credit history and the term of the loan 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.

3 Important Disclosures for Figure.

Figure Disclosures

Figure’s Student Refinance Loan is a private loan. If you refinance federal loans, you forfeit certain flexible repayment options associated with those loans. If you expect to incur financial hardship that would impact your ability to repay, you should consider federal consolidation alternatives.

4 Important Disclosures for College Ave.

College Ave Disclosures

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1College Ave Refi Education loans are not currently available to residents of Maine.

2All rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

3$5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

4This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 1/1/2020. Variable interest rates may increase after consummation.

5 Important Disclosures for Laurel Road.

Laurel Road Disclosures

Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Mortgage lending is not offered in Puerto Rico. All loans are provided by KeyBank National Association.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.


There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.


For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.
For eligible Associates degrees in the healthcare field (see Eligibility & Eligible Loans section below), Lender will refinance up to $50,000 in loans for non-ParentPlus refinance loans. Note, parents who are refinancing loans taken out on behalf of a child who has obtained an associates degrees in an eligible healthcare field are not subject to the $50,000 loan maximum, refer to for more information about refinancing ParentPlus loans.


Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).

Graduates may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. Any federal loans refinanced with Lender are private loans and do not have the same repayment options that federal loan program offers such as Income Based Repayment or Income Contingent Repayment.

All loans must be in grace or repayment status and cannot be in default. Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment. Parents looking to refinance loans taken out on behalf of a child should refer to for applicable terms and conditions.

For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.


The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.


The repayment of any refinanced student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.


After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.

We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.

We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.

If Lender agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Lender has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.


This information is current as of November 8, 2019 and is subject to change.

6 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers.

7 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 1.76% effective November 10, 2019.

8 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it  endorse,  any educational institution.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 12/019/2019 student loan refinancing rates range from 1.90% to 8.59% Variable APR with AutoPay and 3.49% to 7.75% Fixed APR with AutoPay.

1.99% – 6.89%1Undergrad
& Graduate

Visit Earnest

2.31% – 7.36%2Undergrad
& Graduate

Visit SoFi

2.06% – 6.81%3Undergrad
& Graduate

Visit Figure

2.62% – 6.12%4Undergrad
& Graduate

Visit College Ave

2.29% – 6.65%5Undergrad
& Graduate

Visit Laurel Road

1.99% – 7.06%6Undergrad
& Graduate

Visit Splash

1.81% – 6.29%7Undergrad
& Graduate

Visit CommonBond

1.90% – 8.59%8Undergrad
& Graduate

Visit Lendkey

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. 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 to help you understand what you are buying. Be sure to consult with 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.

Published in Budgeting & Expenses, Review