Dec, 31, 2020 — ALLIANT CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 0 branch location and about $13.54 billion in total assets. Opened 86 years ago in 1935, ALLIANT CREDIT UNION has about 550,400 members and employs 648 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLIANT CREDIT UNION |
|---|---|
| Address: (Main Office) | 11545 W TOUHY AVE CHICAGO, IL 60666 |
| Phone: | (800) 328-1935 |
| Fax: | (773) 462-2111 |
| Website: | http://www.alliantcreditunion.org |
| Branches: | 0 branch locations |
| Members: | 550,400 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67955 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $13,540,768,428 |
| CEO/Manager: | Dennis Devine |
| Chairperson: | Edward Rogowski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 617,917,149 |
| TOTAL INVESTMENTS | 3,407,379,553 |
| Loans Held for Sale | 114,301,438 |
| Real Estate Loans | 5,145,838,748 |
| Unsecured Loans | 825,055,248 |
| Other Loans | 3,149,778,752 |
| TOTAL LOANS | 9,120,672,748 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -118,699,941 |
| Land And Building | 2,352,381 |
| Other Fixed Assets | 32,803,989 |
| NCUSIF Deposit | 94,698,104 |
| All Other Assets | 269,343,007 |
| TOTAL ASSETS | 13,540,768,428 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 937,519,000 |
| Accounts Payable & Other Liabilities | 109,863,929 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 687,806,168 |
| Regular shares | 9,019,930,695 |
| All Other Shares & Deposits | 1,479,952,965 |
| TOTAL SHARES & DEPOSITS | 11,187,689,828 |
| TOTAL LIABILITIES | 12,235,072,757 |
| Regular Reserve | 120,978,812 |
| Other Reserves | 28,259,789 |
| Undivided Earnings | 1,156,457,070 |
| TOTAL EQUITY | 1,305,695,671 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,540,768,428 |
| INCOME & EXPENSE | |
| Loan Income | 394,340,769 |
| Investment Income | 60,766,737 |
| Other Income | 40,934,604 |
| Total Employee Compensation & Benefits | 95,096,125 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 90,435,871 |
| Non-operating Income & (Expense) | 2,251,440 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 112,423,405 |
| Cost of Funds | 137,125,869 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 63,212,280 |
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