Talk:Alliant Credit Union
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Some proposed changes
edit | This edit request by an editor with a conflict of interest was declined. The company's website is not a reliable source. Independent secondary sources are required. |
Alliant Credit Union is a member-owned financial cooperative headquartered in Chicago, Illinois. The page has out-of-date information (2017). Changes are below.
1)
- Specific text to be replaced: Alliant is the eighth largest credit union by asset size in the United States with $9.7 billion USD in assets, and serves over 385,000 members worldwide.
- Reason for the change: Alliant is the ninth largest credit union by asset size in the United States with $13 billion USD in assets, and serves more than 500,000 members worldwide.
- References supporting change: https://www.creditunionsonline.com/largest100creditunions.html, https://www.alliantcreditunion.org/images/uploads/files/Alliant_2020AnnualReport.pdf
2)
- Specific text to be replaced:
Revenue US$287.845 million (FY 2017)[2] Operating income US$191.376 million (FY 2017)[2] Net income US$70.926 million (FY 2017)[2] Total assets US$9.696 billion (FY 2017)[2]
- Reason for the change:
Revenue US$460.000 million (FY 2020) Operating income US$323.000 million (FY 2020) Net income US$63.212 million (FY 2020) Total assets US$13.540 billion (FY 2020)
- References supporting change:
https://www.alliantcreditunion.org/images/uploads/files/Alliant_2020AnnualReport.pdf
3)
- Specific text to be replaced:
Alliant Credit Union's product line includes savings accounts, checking accounts, certificates, IRAs, consumer loans, and Visa credit cards. An Alliant savings account establishes membership with Alliant Credit Union and the initial savings deposit is $5. The savings account options are Regular Savings, Supplemental Savings, Custodial Savings, and Kidz Klub for youngsters under 12 years of age. To receive monthly dividends the savings account requires an average daily balance of $100 or more. Alliant's checking is free with the first set of checks being free and opting out of paper statements, and having at least one monthly electronic deposit is required for the high rate checking option. Consumer loans include mortgages, home equity, vehicle, student, and personal loans. Alliant also offers investment services and insurance. Alliant offered Health Savings Accounts, until 2017, when it sold the accounts to Health Equity.
- Reason for the change:
(No home equity, student loans, or Kidz Klub)
Alliant Credit Union's product line includes savings accounts, checking accounts, certificates, IRAs, consumer loans, and Visa credit cards. An Alliant savings account establishes membership with Alliant Credit Union and the initial savings deposit is $5. The savings account options are Regular Savings, Supplemental Savings, Custodial Savings, and Kids Savings for minors under 12 years of age. To receive monthly dividends the savings account requires an average daily balance of $100 or more. Alliant's checking is free with the first set of checks being free and opting out of paper statements, and having at least one monthly electronic deposit is required for the high rate checking option. Consumer loans include mortgages, vehicle, and personal loans. Alliant also offers investment services and insurance. Alliant offered Health Savings Accounts, until 2017, when it sold the accounts to Health Equity.
- References supporting change: http://www.alliantcreditunion.org/
4)
- Specific text to be replaced:
Alliant Credit Union is an Illinois chartered credit union, and is under the supervision of the Illinois Department of Financial and Professional Regulation (IDFPR).
- Reason for the change:
Alliant Credit Union is an Illinois chartered credit union, and is under the supervision of the Illinois Department of Financial and Professional Regulation (IDFPR) and the Consumer Financial Protection Bureau (CFPB).
- References supporting change: https://www.consumerfinance.gov/about-us/the-bureau/
Some proposed changes 2022
edit | This edit request by an editor with a conflict of interest has now been answered. |
Alliant Credit Union is a member-owned financial cooperative headquartered in Chicago, Illinois. The page has out of date information (2017). Changes are below.
1)
- Specific text to be replaced: Alliant is the eighth largest credit union by asset size in the United States with $9.7 billion USD in assets, and serves over 385,000 members worldwide.
- Reason for the change: Alliant is the ninth largest credit union by asset size in the United States with $14 billion USD in assets, and serves more than 600,000 members worldwide.
- References supporting change: asset size compared to other credit unions, number of assets: https://www.creditunionsonline.com/largest100creditunions.html, number of members: https://ibanknet.com/scripts/callreports/getbank.aspx?ibnid=usa_367392, assets: https://ncuso.org/credit-union/67955/financials/
2)
- Specific text to be replaced:
Revenue US$287.845 million (FY 2017)[2] Operating income US$191.376 million (FY 2017)[2] Net income US$70.926 million (FY 2017)[2] Total assets US$9.696 billion (FY 2017)[2]
- Reason for the change:
Net income US$216.774 million (Q3 2021) Total assets US$14.660 billion (Q3 2021)
- References supporting change:
Total assets: https://ibanknet.com/scripts/callreports/getbank.aspx?ibnid=usa_367392, https://incfact.com/company/alliantcreditunion-rollingmeadows-il/, Net income: https://ibanknet.com/scripts/callreports/viewreport.aspx?ibnid=usa_367392&per=20210930&rpt=NI&typ=html Revenue and operating income removed: confusing language for a credit union report. Other credit union Wikipedia pages do not have this. https://en.wikipedia.org/wiki/Navy_Federal_Credit_Union, https://en.wikipedia.org/wiki/Pentagon_Federal_Credit_Union
Partly done. I subtracted the expenses from the income per this source and came up with $195,424,985. Please advise. Heartmusic678 (talk) 15:01, 23 February 2022 (UTC)
3)
- Specific text to be replaced:
Number of employees 555[3]
- Reason for the change:
654 employees
- References supporting change:
https://ibanknet.com/scripts/callreports/getbank.aspx?ibnid=usa_367392, https://www.builtinchicago.org/company/alliant-credit-union, https://www.greatplacetowork.com/certified-company/1120624
4)
- Specific text to be replaced:
Alliant Credit Union's product line includes savings accounts, checking accounts, certificates, IRAs, consumer loans, and Visa credit cards. An Alliant savings account establishes membership with Alliant Credit Union and the initial savings deposit is $5. The savings account options are Regular Savings, Supplemental Savings, Custodial Savings, and Kidz Klub for youngsters under 12 years of age. To receive monthly dividends the savings account requires an average daily balance of $100 or more. Alliant's checking is free with the first set of checks being free and opting out of paper statements, and having at least one monthly electronic deposit is required for the high rate checking option. Consumer loans include mortgages, home equity, vehicle, student, and personal loans. Alliant also offers investment services and insurance. Alliant offered Health Savings Accounts, until 2017, when it sold the accounts to Health Equity.
- Reason for the change:
(Alliant no longer offers the following products: home equity loans, student loans or Kidz Klub) Alliant Credit Union's product line includes savings accounts, checking accounts, certificates, IRAs, consumer loans, and Visa credit cards. An Alliant savings account establishes membership with Alliant Credit Union and the initial savings deposit is $5. The savings account options are Regular Savings, Supplemental Savings, Custodial Savings, and Kids Savings for minors under 12 years of age. To receive monthly dividends the savings account requires an average daily balance of $100 or more. Alliant's checking is free with the first set of checks being free and opting out of paper statements, and having at least one monthly electronic deposit is required for the high rate checking option. Consumer loans include mortgages, vehicle, and personal loans. Alliant also offers investment services and insurance. Alliant offered Health Savings Accounts, until 2017, when it sold the accounts to Health Equity.
- References supporting change:
https://www.alliantcreditunion.org/borrow, https://www.investopedia.com/best-savings-accounts-for-kids-5179494
5)
- Specific text to be replaced:
Alliant Credit Union is an Illinois chartered credit union, and is under the supervision of the Illinois Department of Financial and Professional Regulation (IDFPR).
- Reason for the change:
Alliant Credit Union is an Illinois chartered credit union, and is under the supervision of the Illinois Department of Financial and Professional Regulation (IDFPR) and the Consumer Financial Protection Bureau (CFPB).
