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Alliant Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 366066772 ✦ Chicago, IL ✦ Designated as a 501(c)(14)

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Overview

What is Alliant Credit Union?

Alliant Credit Union, located in Chicago, Illinois, is a member-focused financial institution with a team of 987 employees. Their mission is to operate for the mutual benefit of members, without generating profits, and they strive to enhance members' financial well-being through attractive dividends on savings and competitive loan rates. Alliant Credit Union offers a range of lending services, including mortgages, consumer loans, credit cards, personal loans, and business loans.


Official website here: www.alliantcreditunion.org

Is Alliant Credit Union legitimate?

Alliant Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alliant Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $5,120,994
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,222,596

For more financial information, click here


Official website here: www.alliantcreditunion.org

What is the mission statement of Alliant Credit Union?

Alliant Credit Union is committed to benefiting its members without the pursuit of profit. Its mission is to enhance the financial well-being of its members by offering higher savings dividends and lower loan rates. The credit union provides various credit solutions at reasonable interest rates, including mortgages, consumer loans, credit cards, personal loans, and business loans. By operating for the mutual benefit of its members, Alliant Credit Union aims to create a positive impact on their financial lives.


Official website here: www.alliantcreditunion.org

Who is the CEO of Alliant Credit Union?

Dennis Devine is the Chief Executive Officer of Alliant Credit Union. The CEO's salary of Alliant Credit Union is $3,016,512 and their total compensation is $3,367,375.


Official website here: www.alliantcreditunion.org

What is the revenue of Alliant Credit Union?

Alliant Credit Union's revenue in 2022 was $734,170,214.


Official website here: www.alliantcreditunion.org

Who are the executives of Alliant Credit Union and what are their salaries?

The average compensation at Alliant Credit Union during 2022 was $101,665. There are 987 employees at Alliant Credit Union.


Here are 21 key members and their salaries (Alliant Credit Union's CEO's salary is $3,016,512 and their total compensation is $3,367,375):


Dennis Devine (Chief Executive Officer)
  • Compensation: $3,016,512
  • Related: $0
  • Other: $350,863
Harry Zhu (Senior Vice President)
  • Compensation: $864,254
  • Related: $0
  • Other: $100,080
Diane Hughes Start (Senior Vice President)
  • Compensation: $610,124
  • Related: $0
  • Other: $99,738
Kenneth Schaafsma (Senior Vice President)
  • Compensation: $585,939
  • Related: $0
  • Other: $94,000
Sumeet Grover Start (Senior Vice President)
  • Compensation: $584,686
  • Related: $0
  • Other: $93,833
Charles Krawitz (Senior Vice President)
  • Compensation: $552,498
  • Related: $0
  • Other: $103,290
Meredith Ritchie (Senior Vice President, Counsel)
  • Compensation: $516,640
  • Related: $0
  • Other: $104,320
Mark Lau Start (Senior Vice President, Cfo)
  • Compensation: $522,779
  • Related: $0
  • Other: $95,299
Vasanthi Sekhar End 0522 (Senior Vice President)
  • Compensation: $394,533
  • Related: $0
  • Other: $26,620
Shrikant Dash End 0122 (Senior Vice President)
  • Compensation: $308,472
  • Related: $0
  • Other: $2,693
Ted Davidson (Chairperson)
  • Compensation: $65,000
  • Related: $0
  • Other: $0
Irwin Gzesh (Chairperson Of Supervisory Com)
  • Compensation: $55,000
  • Related: $0
  • Other: $0
Lee Achord (Board Member, Board Secretary)
  • Compensation: $55,000
  • Related: $0
  • Other: $0
David Leib (Vice Chairperson)
  • Compensation: $55,000
  • Related: $0
  • Other: $0
Julian Chu (Chairperson, Compensation & Ta)
  • Compensation: $51,667
  • Related: $0
  • Other: $0
Scott Wilson (Board Member)
  • Compensation: $45,000
  • Related: $0
  • Other: $0
Sabrina King (Board Member)
  • Compensation: $45,000
  • Related: $0
  • Other: $0
Sue Bettman (Board Member)
  • Compensation: $45,000
  • Related: $0
  • Other: $0
Ajibola Johnson (Board Member)
  • Compensation: $45,000
  • Related: $0
  • Other: $0
Kenton Chow Start 022022 (Board Member)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Anne Pease End 022022 (Vice Chairperson, Comp & Tale)
  • Compensation: $22,917
  • Related: $0
  • Other: $0


Official website here: www.alliantcreditunion.org

Where can I find the form 990 for Alliant Credit Union?

Alliant Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.alliantcreditunion.org

Learn more at the official website: www.alliantcreditunion.org

Mission Statement of Alliant Credit Union

Alliant Credit Union, a member-benefiting financial institution, operates without earning a profit for the mutual advantage of its members. Committed to delivering value, Alliant Credit Union strives to grant higher dividends on savings and lower loan rates for its members.

This not-for-profit financial cooperative specializes in lending services, providing various credit solutions at reasonable rates of interest. From buying a dream home through mortgage loans to managing daily expenses with consumer loans, Alliant Credit Union caters to a wide range of borrowing needs. The credit union also offers credit cards, personal loans, and business loans, ensuring that its members have access to flexible financing options tailored to their unique requirements.

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Impact




October, 2024

Alliant Credit Union significantly impacts its members by providing financial services that prioritize their economic well-being. The organization operates with the goal of benefiting its members, offering higher dividends on savings and lower rates on loans. This member-centric approach translates into substantial financial advantages for individuals and businesses within the community.

Based in Chicago, Illinois, Alliant Credit Union offers a diverse range of lending solutions. These include first and second mortgages, consumer loans, credit cards, personal loans, and business loans, all at reasonable interest rates. By facilitating access to these financial products, Alliant helps its members achieve their financial goals, whether that means buying a home, funding education, or starting a business.

Overall, Alliant Credit Union fosters financial empowerment, contributing to the economic stability and growth of its members while reinforcing a sense of community and shared purpose.




This information is meant to be a general summary of Alliant Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$734,170,214 (2022)
Expenses
$566,974,537 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $69,367,466
  • Program Service Revenue: $660,644,795
  • Gross Receipts: $1,684,757,773

Assets and Liabilities:

  • Total Assets: $18,739,008,483
  • Total Liabilities: $17,292,467,998
  • Net Assets: $1,446,540,485

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST INCOME

Revenue

$620,816,101

SERVICE FEES

Revenue

$3,737,706

INVESTMENT SERVICES

Revenue

$4,080,869

INTERCHANGE INCOME

Revenue

$9,520,651

INSURANCE INCOME

Revenue

$2,363,450

Organization Details

Founding Year

1935

Principal Officer

Dennis Devine

Main Address

11545 W TOUHY AVENUE, CHICAGO, IL, 60666

NTEE Category

Code: W61 - Public benefit

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