Alliant Credit Union

Organization Overview

Alliant Credit Union is located in Chicago, IL. The organization was established in 1964. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Alliant Credit Union employed 725 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliant Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Alliant Credit Union generated $515.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $461.0m during the year ending 12/2019. While expenses have increased by 20.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

WE OPERATE TO BENEFIT MEMBERS. WE OPERATE WITHOUT PROFIT FOR MUTUAL PURPOSE. WE STRIVE TO BENEFIT OUR MEMBERS THROUGH HIGHER DIVIDENDS ON SAVINGS AND LOWER LOAN RATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LENDING SERVICES - WE OFFER VARIOUS CREDIT SOLUTIONS AT REASONABLE RATES OF INTEREST INCLUDING 1ST AND 2ND MORTGAGE, CONSUMER LOANS, STUDENT LOANS, CREDIT CARDS, PERSONAL LOANS AND BUSINESS LOANS.


DEPOSIT PRODUCTS - WE OFFER NUMEROUS DEPOSIT PRODUCTS AT A HIGHER THAN AVERAGE INTEREST RATE INCLUDING CHECKING, SAVINGS, CERTIFICATE OF DEPOSITS, AND CUSTODIAL ACCOUNTS.


INVESTMENT SERVICES - FULL SERVICE FINANCIAL ADVISORY PROGRAM OFFERING MEMBERS RETIREMENT, INSURANCE, AND INVESTMENT SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
David Mooney
Executive Director/ceo
$1,568,389
Timothy Wartman
Senior Vice President
$568,416
Lee Schafer
Senior Vice President
$553,771
Philip Salis
Senior Vice President
$545,676
Jason Osterhage
Senior Vice President
$541,879
Harry Zhu
CFO
$519,366

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Teksystems
Staffing Firm
$1,248,598
Mindtree Ltd
Software Development
$1,734,857
Softweb Solutions
Business Tech Svcs
$2,084,954
Forbes Technical Consulting Llc
Tech Consulting Firm
$866,215
Willowtree Inc
Software Development
$1,301,767
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$432,512,918
Investment income $70,036,441
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,568,303
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $514,950,827

Peer Organizations

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