2023-11-15T11:45:20-06:00 2022-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-01-01 366066772 ALLIANT CREDIT UNION % KEVIN DEVLIN ALLI 7734622000 11545 W TOUHY AVENUE CHICAGO IL 60666 KEVIN DEVLIN VP OF ACCOUNTING 7734622017 2023-11-15 true Kevin Devlin 999009999 MICHAEL J SUMMERS P00838533 3173834000 2023-11-15 3 2022 2023-04-26 12:10:37Z DENNIS DEVINE 11545 W TOUHY AVENUE CHICAGO IL 60666 1684757773 false X WWW.ALLIANTCREDITUNION.ORG X 1935 IL 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. 11 0 987 0 847301 228146 0 0 442730393 660644795 81693485 69367466 3915685 4157953 528339563 734170214 16000 16000 0 0 103482679 121566829 0 0 0 163030336 445391708 266529015 566974537 261810548 167195677 15151012308 18739008483 13642757928 17292467998 1508254380 1446540485 X ALLIANT CREDIT UNION OPERATES TO BENEFIT MEMBERS. ALLIANT CREDIT UNION OPERATES WITHOUT PROFIT FOR MUTUAL PURPOSE. WE STRIVE TO BENEFIT OUR MEMBERS THROUGH HIGHER DIVIDENDS ON SAVINGS AND LOWER LOAN RATES. false false LENDING SERVICES - WE OFFER VARIOUS CREDIT SOLUTIONS AT REASONABLE RATES OF INTEREST INCLUDING 1ST AND 2ND MORTGAGE, CONSUMER 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. false false false false false false false true false true false false true true false false false false false false false false false false false false false true true false false false false false false false false false false false true false false true 254809 0 true 987 true true true false false false false false true false X 11 0 false false false false true true false true true false false false true true true true true true true false X KEVIN DEVLIN 7734622000 11545 W TOUHY AVENUE CHICAGO IL 60666 DENNIS DEVINE CHIEF EXECUTIVE OFFICER 40.0 0.0 X X 3016512 0 350863 HARRY ZHU SENIOR VICE PRESIDENT 40.0 0.0 X 864254 0 100080 DIANE HUGHES START SENIOR VICE PRESIDENT 40.0 0.0 X 610124 0 99738 KENNETH SCHAAFSMA Senior Vice President 40.0 0.0 X 585939 0 94000 SUMEET GROVER START SENIOR VICE PRESIDENT 40.0 0.0 X 584686 0 93833 CHARLES KRAWITZ SENIOR VICE PRESIDENT 40.0 0.0 X 552498 0 103290 MEREDITH RITCHIE Senior VICE PRESIDENT, COUNSEL 40.0 0.0 X 516640 0 104320 MARK LAU START SENIOR VICE PRESIDENT, CFO 40.0 0.0 X 522779 0 95299 VASANTHI SEKHAR END 0522 SENIOR VICE PRESIDENT 40.0 0.0 X 394533 0 26620 SHRIKANT DASH END 0122 SENIOR VICE PRESIDENT 40.0 0.0 X 308472 0 2693 TED DAVIDSON Chairperson 1.0 0.0 X 65000 0 0 IRWIN GZESH Chairperson of SUPERVISORY COM 1.0 0.0 X 55000 0 0 LEE ACHORD Board Member, Board Secretary 1.0 0.0 X 55000 0 0 DAVID LEIB VICE CHAIRPERSON 1.0 0.0 X 55000 0 0 JULIAN CHU CHAIRPERSON, COMPENSATION & TA 1.0 0.0 X 51667 0 0 SCOTT WILSON Board Member 1.0 0.0 X 45000 0 0 SABRINA KING Board Member 1.0 0.0 X 45000 0 0 SUE BETTMAN BOARD MEMBER 1.0 0.0 X 45000 0 0 AJIBOLA JOHNSON BOARD MEMBER 1.0 0.0 X 45000 0 0 KENTON CHOW START 022022 BOARD MEMBER 1.0 0.0 X 30000 0 0 ANNE PEASE END 022022 Vice Chairperson, Comp & Tale 1.0 0.0 X 22917 0 0 8471021 0 1070736 379 false true false PROTIVITI INC 2884 SAND HILL ROAD STE 200 MENLO PARK CA 94025 BUSINESS TECH SVCS 2456467 ADDISON GROUP 7076 SOLUTIONS CENTER CHICAGO IL 606777000 TECH CONSULTING FIRM 697846 WORLD WIDE TECHNOLOGY LLC 1 WORLD WIDE WAY SAINT LOUIS MO 63146 BUSINESS TECH SVCS 1014173 TECHNOLOGY HAPPENS LLC PO BOX 40193 MEMPHIS TN 381740193 TECH CONSULTING FIRM 1076320 SOFTWEB SOLUTIONS PO BOX 70390 CHICAGO IL 606730390 BUSINESS TECH SVCS 772345 21 0 LOAN INTEREST INCOME 522130 620816101 620816101 SERVICE FEES 522130 3737706 3737706 INVESTMENT SERVICES 522130 4080869 4080869 INTERCHANGE INCOME 522130 9520651 9520651 INSURANCE INCOME 522130 2363450 1523553 839897 20126018 20126018 660644795 43629369 43621965 7404 0 0 0 0 0 0 976325656 950587559 25738097 25738097 25738097 0 0 0 0 0 0 0 0 0 MISC INCOME - BOLI 522130 4157953 4157953 4157953 734170214 733322913 847301 0 16000 0 0 5120994 0 95222596 4178818 10559119 6485302 0 870269 387347 0 0 0 7618378 12299311 5520411 16746870 0 2633324 1087408 0 290049 233324093 0 11558640 665148 PROVISION FOR LOAN LOSS 112526049 MORTGAGE SERVICING FEES 10814522 CREDIT CARD SERVICING FEES 4872374 ATM SERVICING FEES 3394585 20782930 566974537 0 0 617811927 362321470 0 0 47888750 85039623 0 0 0 0 10058629419 14880065202 0 0 7852127 11375986 147748126 121779018 27120109 25969108 3624774786 2355755323 502500 502500 0 0 0 0 766432690 1017979271 15151012308 18739008483 90528261 116210540 0 0 1122923 370522 0 0 0 0 0 0 0 0 0 0 13551106744 17175886936 13642757928 17292467998 X 0 0 0 0 1508254380 1446540485 1508254380 1446540485 15151012308 18739008483 167195677 -228909572 X false true X true false false true X 8511229 6764080 1747149 8103762 7253849 849913 131133134 107761088 23372046 25969108 OTHER ASSETS 1017979271 1017979271 0 MEMBER AND NON MEMBER SHARES 13437567965 FHLB BORROWINGS 3603500000 CLEARING -19605380 INVESTMENT DERIVATIVE 126913490 OTHER 27510861 17175886936 SCHEDULE D, PART IV, LINE 2B THE AMOUNT INCLUDED IN PART X LINE 21 IS RELATED TO ESCROW BALANCES FOR TAXES AND INSURANCE PAID ON BEHALF OF THE MEMBER FOR MORTGAGE LOANS ON RESIDENTIAL PROPERTY. Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true COLLEGE SCHOLARSHIP 8 16000 SCHEDULE I, PART I, LINE 2 THE APPLICANT MUST BE AN ALLIANT MEMBER IN GOOD STANDING AND HAVE AN ALLIANT SAVINGS ACCOUNT IN HIS/HER NAME. THE APPLICANT MUST PROVIDE PROOF OF ENROLLMENT AT AN ACCREDITED COLLEGE, UNIVERSITY, OR VOCATIONAL/TECHNICAL INSTITUTION DURING THE FALL SEMESTER (MINIMUM 12 CREDIT HOURS PER SEMESTER, GRADUATE PROGRAMS DO NOT QUALIFY). ALLIANT EMPLOYEES, MEMBERS OF THE BOARD OF DIRECTORS, SCHOLARSHIP COMMITTEE MEMBERS, AND THEIR FAMILY MEMBERS OF THE SAME HOUSEHOLD ARE NOT ELIGIBLE. X X X false true false DENNIS DEVINE EXECUTIVE DIRECTOR/CEO 864529 2141407 10576 343569 7294 3367375 HARRY ZHU SENIOR VICE PRESIDENT 326171 527833 10250 100080 0 964334 KENNETH SCHAAFSMA Senior Vice President 305699 280240 0 83530 10470 679939 MEREDITH RITCHIE Senior VICE PRESIDENT, COUNSEL 261301 245089 10250 92750 11570 620960 VASANTHI SEKHAR SENIOR VICE PRESIDENT 105533 278750 10250 24750 1870 421153 SHRIKANT DASH SENIOR VICE PRESIDENT 17405 290000 1067 2135 558 311165 CHARLES KRAWITZ SENIOR VICE PRESIDENT 264954 276971 10573 91720 11570 655788 DIANE HUGHES SENIOR VICE PRESIDENT 299874 300000 10250 96506 3232 709862 SUMEET GROVER SENIOR VICE PRESIDENT 351863 232500 323 93833 0 678519 MARK LAU SENIOR VICE PRESIDENT, CFO 260594 251551 10634 88629 6670 618078 SCHEDULE J, PART I, LINE 4B ALLIANT OFFERS A SUPPLEMENTAL DEFERRED COMPENSATION PROGRAM TO SVP'S AND ABOVE. THE AMOUNT IS AS FOLLOWS: DENNIS DEVINE $318,819 HARRY ZHU $77,273 MEREDITH RITCHIE $68,000 KENNETH SCHAAFSMA $69,030 CHARLES KRAWITZ $66,970 DIANE HUGHES $72,121 SUMEET GROVER $79,333 MARK LAU $63,879 FORM 990, PART VI, SECTION A, LINE 6 & 7A THERE IS ONLY ONE CLASS OF MEMBERSHIP WITHIN THE CREDIT UNION. ORGANIZATION AND TRUST ACCOUNTS ARE ALLOWED WITH OWNERSHIP SPECIFICALLY TIED BACK TO THE INDIVIDUAL. THE ONLY ORGANIZATION ACCOUNTS ALLOWED WITHIN THE BYLAWS OF ALLIANT ARE NOT FOR PROFIT ENTITIES AND/OR ASSOCIATIONS. FOR PURPOSES OF VOTING, EACH FULL SHARE ($5) IS AFFORDED ONE VOTE WITH RESPECT TO REGULAR SHARES. THEREFORE, INDIVIDUAL ACCOUNTS CAN HAVE MULTIPLE VOTES BASED UPON THE VALUE OF THE ACCOUNT RELATIVE TO INDIVIDUAL FULL $5 INCREMENTS. FOR TRUST AND ORGANIZATIONAL ACCOUNTS, EACH ACCOUNT IS AFFORDED ONE VOTE NO MATTER THE DOLLAR AMOUNT OF THE ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGER OF FINANCIAL REPORTING. A FINAL REVIEW OF THE FORM 990 IS COMPLETED AND SIGNED OFF BY THE VICE PRESIDENT OF ACCOUNTING. ONCE THE RETURN IS COMPLETED AND FILED, MANAGEMENT COMMUNICATES TO THE BOARD OF DIRECTORS THAT WE HAVE MET THE FILING REQUIREMENTS OF THE FORM 990 WITH THE IRS BUT A COPY IS NOT PROVIDED. THE FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C ALLIANT CREDIT UNION REGULARLY MONITORS AND ENFORCES THE COMPLIANCE OF OUR CONFLICT OF INTEREST POLICY THROUGH PERIODIC AUDITS AND ENFORCEMENT OF VENDOR MANAGEMENT POLICIES. ALL ALLIANT EMPLOYEES AND BOARD MEMBERS ARE SUBJECT TO THIS POLICY. THE CONFLICT OF INTEREST REVIEW PROCESS IS COMPLETED BY ALLIANT'S GENERAL COUNSEL AND CHIEF ETHICS OFFICER. IF A CONFLICT OF INTEREST WOULD OCCUR, THE INDIVIDUAL WOULD RECUSE THEMSELVES FROM THE MATTER. IF A BOARD MEMBER HAS A CONFLICT OF INTEREST, THE INDIVIDUAL WOULD ANNOUNCE TO THE BOARD MEMBERS DURING THE BOARD MEETING THAT THEY ARE RECUSING THEMSELVES FROM THE MATTER AT HAND. FORM 990, PART VI, SECTION B, LINE 15A & 15B COMPENSATION OF ALL POSITIONS WITHIN THE CREDIT UNION ARE BENCHMARKED AGAINST THE EXTERNAL MARKET USING AN OUTSIDE SERVICE. ADDITIONALLY AND WHERE AVAILABLE, SURVEY DATA WITH COMPARABLE POSITIONS IN COMPARABLE MARKETS IS USED FOR COMPARISON AND BENCHMARKING. COMPENSATON STRATEGY FOR POSITIONS OTHER THAN OFFICER LEVEL POSITIONS ARE REVIEWED BY THE FUNCTIONAL SENIOR VICE PRESIDENT AND VICE PRESIDENTS. FOR OFFICER LEVEL POSITIONS, THE COMPENSATION IS REVIEWED AND CONFIRMED BY THE CEO AND CHAIRPERSON OF THE COMPENSATION AND TALENT COMMITTEE. THE CEO'S COMPENSATION IS VALIDATED AND RECOMMENDED FOR APPROVAL THROUGH THE CHAIRPERSON OF BOD AND THE BOARD'S COMPENSATION AND TALENT COMMITTEE. THE LAST REVIEW WAS COMPLETED IN DECEMBER 2022 AND BY MCLAGAN. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE READILY AVAILABLE TO THE GENERAL PUBLIC. IF THOSE DOCUMENTS WERE SPECIFICALLY REQUESTED, A COPY WOULD BE PROVIDED TO THE MEMBER. THE FINANCIAL INFORMATION IS AVAILABLE IN A NUMBER OF WAYS. AN ANNUAL REPORT OF UNAUDITED INFORMATION IS AVAILABLE ON THE CREDIT UNIONS WEBSITE. IN ADDITION, SPECIFIC FINANCIAL INFORMATION IS REQUIRED PER REGULATORY AUTHORITY TO BE FILED QUARTERLY WITH THE NATIONAL CREDIT UNION ASSOCIATION AND THE ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION. THIS INFORMATION IS AVAILABLE TO THE GENERAL PUBLIC THROUGH A THIRD PARTY SITE. IN ADDITION, AN ANNUAL REPORT IS PROVIDED TO A MEMBER UPON SPECIFIC REQUEST. FORM 990, PART XII, LINE 2B ALLIANT CREDIT UNION DOES HAVE AN AUDIT PERFORMED AT THE JUNE 30 FISCAL YEAR END FINANCIAL STATEMENTS. ALLIANT CREDIT UNION FOUNDATION 11545 W TOUHY AVENUE CHICAGO IL 60666 711052113 PRIVATE FDN IL 501(C)(3) PF NA false false false false false false false false false false false false false false true true false false false false