Alliant Credit Union has been serving members for over 85 years and is one of the largest credit unions in the nation with over $17 billion in assets. It offers a full suite of banking services and competitive products to its 700,000+ members nationwide. The company advertises its services at alliantcreditunion.org.
3.0 out of 5.0 stars
Alliant Credit Union Summary
Are you in need of a personal loan but are unsure of where to turn? You may have heard of Alliant Credit Union and are curious about whether or not they could be the right credit union for you. So, we take a closer look so that you can make an informed decision about whether or not this company is right for you.
As a result of our investigation into their website and terms and conditions, we uncovered some interesting facts.
Here are just a few of the things that caught our attention.
- Loans are not available to non-members or members who have not been established for at least 90 days.
- Personal loan rates range from 10.49 % to 12.49 %.
- It offers loans from $1,000 to $50,000.
- Terms range from 1 to 5 years.
- APR can be 0.4% higher without an automatic payment option.
- Rates, terms, and conditions are subject to change.
What is Alliant Credit Union?
Alliant Credit Union is a unique not-for-profit financial cooperative where all of its members are also owners. Alliant Credit Union is one of the oldest and largest credit unions in the United States. It has been serving its members for over 85 years and currently has over $17 billion in assets. Alliant offers a comprehensive range of competitive products and services to its 700,000+ members across the country.
Alliant Credit Union is a top-rated financial institution with an A+ rating from the Better Business Bureau. They have been accredited since 2004 and have an average of 56 customer reviews and 130 complaints closed in the last 3 years.
The company’s primary location is in Chicago, at 11545 W Touhy Ave. They can be contacted by phone at (773) 462-2000.
How does Alliant Credit Union work?
Alliant Personal Loans are quick and easy to apply for, and you can often get the money you need the same day. With no collateral required, these unsecured signature loans are a great option when you need extra cash.
Alliant’s personal loans can help you get on top of your finances by consolidating other loans, paying for emergency expenses, or funding home improvement projects.
How to qualify for Alliant Credit Union?
Alliant Credit Union loans are not available for non-members or for members who have not been established for at least 90 days. A member is considered established when, at a minimum, they have been a member for 90 days.
In addition, loan approval and APR are based on many factors such as credit score, employment history, and monthly income. The better your credit score, the higher your chance of getting approved for a low APR.
Alliant Credit Union BBB Reviews
Alliant Credit Union is a top-rated financial institution according to the Better Business Bureau. They boast an A+ rating and have been accredited since 2004. On average, they receive 56 customer reviews per year. However, they have also had 130 complaints filed against them in the last 3 years with a 1-star out of 5-star rating.
Here are some reviews:
Usha C. 09/03/20221.0 out of 5.0 stars
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. 06/27/20221.0 out of 5.0 stars
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 09/10/20211.0 out of 5.0 stars
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!
Alliant Credit Union FAQs
How much does Alliant Credit Union charge?
When you set up automatic payments for your Alliant loan, you can save money on interest and fees. Note that rates, terms, and conditions are subject to change without notice.
For example, a loan with a 10.49% interest rate and a 12-month term would have monthly payments of $88.14 per $1,000 borrowed.
This is just an estimate – your actual payment may be different based on special qualifying rates and your individual loan terms. Also, keep in mind that when refinancing an existing Alliant loan, rates will be 1% higher.
Are there any pre-payment penalties?
At Alliant Credit Union there are no prepayment penalties for those who choose to pay off their loan faster than originally scheduled.
How does Alliant Credit Union affect your credit?
Checking your rate will not have any impact on your credit score. However, proceeding with a loan after viewing your rates will require a full credit report inquiry, which will be reflected as a hard pull and affect your credit. This type of inquiry can cause your credit score to drop and can be seen by third parties.
How to cancel Alliant Credit Union?
It is important to be aware of all the terms and conditions associated with a loan from Alliant Credit Union before you agree to take one out. Remember that once you receive the money, you cannot cancel or reverse the loan, so it is essential to be certain that a loan is a right choice for you before proceeding.
Are you struggling to make ends meet? Here are some tips that may help you get back on track.
There are a few things you can do to make sure you don’t spend more than you can afford.
- Creating and sticking to a budget is a great way to stay on track.
- Another option is to speak with a financial advisor who can help you understand your options and develop a plan that works for your unique circumstances.
- And finally, don’t worry too much if you’re already in debt. Many companies are willing to work with customers to create a more manageable payment plan. So reach out to their customer service team for more information.
Is Alliant Credit Union legit or a scam?
Alliant Credit Union is a long-running financial institution with over $17 billion in assets. Based in Illinois, it is one of the largest credit unions in the nation and has an A+ rating. Alliant Credit Union has been accredited since 2004.
Alliant Credit Union may have an average of 56 customer reviews, but they have also had 130 complaints closed in the last 3 years. That’s nearly double the number of complaints than reviews. And of those complaints, 59 were closed in just the last 12 months.
When considering taking out a loan, it is important to explore all of your options and compare rates. Be sure to read customer reviews before making a decision, so that you can choose the best option for you. This way, you can avoid taking out a loan that you cannot afford.
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