Talk:Alliant Credit Union

Latest comment: 2 years ago by Heartmusic678 in topic Some proposed changes 2022

Some proposed changes

edit

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 The page has out-of-date information (2017).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)

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.

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).

12.161.138.11 (talk) 18:42, 26 April 2021 (UTC)Reply

Some proposed changes 2022

edit

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)

  Done IAmChaos

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)Reply

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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

  Done. Kept the same citation, updated the access date. IAmChaos

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

  Done. Heartmusic678 (talk) 15:01, 23 February 2022 (UTC)Reply

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).

  Done IAmChaos

209.251.255.73 (talk) 22:10, 7 February 2022 (UTC)Reply

  Working 02:27, 9 February 2022 (UTC)   Partly done 02:38, 9 February 2022 (UTC) IAmChaos