2021-11-15T15:38:05-06:00 2020-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2020-01-01 366066772 ALLIANT CREDIT UNION % KEVIN DEVLIN ALLI 7734622017 11545 W TOUHY AVENUE CHICAGO IL 60666 KEVIN DEVLIN VP OF ACCOUNTING 7734622017 2021-11-15 true Kevin Devlin 999009999 MICHAEL J SUMMERS P00838533 3173834000 2021-11-15 2 2020 2022-09-23 18:48:47Z DENNIS DEVINE 11545 W TOUHY AVENUE CHICAGO IL 60666 2344227254 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 0 743 0 857201 165372 0 0 432512918 411612066 78604744 82970994 3833165 3710490 514950827 498293550 15000 15000 0 0 83269856 95096126 0 0 0 377678044 339970144 460962900 435081270 53987927 63212280 12244742402 13540768427 11026478004 12235072757 1218264398 1305695670 X ALLIANT CREDIT UNION OPERATES TO BENEFIT MEMBERS. ALLIANT CREDIT UNION OPERATES WITHOUT PROFIT FOR MUTUAL PURPOSE. WE STRIVE TO BENEFT OUR MEMBERS THROUGH HIGHER DIVIDENDS ON SAVINGS AND LOWER LOAN RATES. false true 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 false 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 225838 0 true 743 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 7734622017 11545 W TOUHY AVENUE CHICAGO IL 60666 DAVID MOONEY EXECUTIVE DIRECTOR/CEO 40.0 1.0 X X 2107672 0 897676 TIMOTHY WARTMAN END 112020 SENIOR VICE PRESIDENT 40.0 0.0 X 1161524 0 33529 LEE SCHAFER END 112020 SENIOR VICE PRESIDENT 40.0 0.0 X 1139929 0 33956 PHILIP SALIS END 112020 SVP, MEMBER ENGAGEMENT 40.0 0.0 X 1125021 0 32130 JASON OSTERHAGE SENIOR VICE PRESIDENT 40.0 0.0 X 709938 0 246872 HARRY ZHU SENIOR VICE PRESIDENT, CFO 40.0 0.0 X 700906 0 249130 DENNIS DEVINE START 072020 EXECUTIVE DIRECTOR/CEO 40.0 1.0 X X 679743 0 132827 WILLIAM LOTHRIDGE -END 112020 VP, HUMAN CAPITAL 40.0 0.0 X 508103 0 26941 MEREDITH RITCHIE SENIOR VICE PRESIDENT 40.0 0.0 X 330040 0 112144 ED ROGOWSKI CHAIRPERSON 1.0 0.0 X 71911 0 0 IRWIN GZESH CHAIRPERSON OF PROXY COMMITTEE 1.0 0.0 X 60848 0 0 TED DAVIDSON BOARD MEMBER, VICE CHAIRPERSON 1.0 0.0 X 60848 0 0 DAVID LEIB BOARD MEMBER 1.0 0.0 X 60848 0 0 ANNE PEASE CHAIRPERSON, COMP & TALENT 1.0 0.0 X 60848 0 0 LEE ACHORD BOARD MEMBER, BOARD SECRETARY 1.0 0.0 X 49784 0 0 JULIAN CHU BOARD MEMBER 1.0 0.0 X 49784 0 0 FARHAN SIDDIQI BOARD MEMBER 1.0 0.0 X 49784 0 0 SCOTT WILSON BOARD MEMBER 1.0 0.0 X 49784 0 0 SABRINA KING BOARD MEMBER 1.0 0.0 X 49784 0 0 9027099 0 1765205 292 false true false TEKSYSTEMS PO BOX 198568 ATLANTA GA 303848568 STAFFING FIRM 987932 MINDTREE LTD 25 INDEPENDENCE BLVD STE 401 WARREN NJ 07059 SOFTWARE DEVELOPMENT 619215 SOFTWEB SOLUTIONS PO BOX 70390 CHICAGO IL 606730390 BUSINESS TECH SVCS 1617327 FORBES TECHNICAL CONSULTING LLC 401 N FRANKLIN ST SUITE 3S CHICAGO IL 60654 TECH CONSULTING FIRM 597573 POLARIS SOLUTIONS LLC 10820 SUNSET OFFICE DR STE 302 SUNSET HILLS MO 63127 TECH CONSULTING FIRM 303738 14 0 LOAN INTEREST INCOME 522130 395306344 395306344 SERVICE FEES 522130 7458996 7458996 INVESTMENT SERVICES 522130 2852536 2852536 INTERCHANGE INCOME 522130 960267 960267 INSURANCE INCOME 522130 3570922 2713721 857201 1463001 1463001 411612066 64985133 64985133 0 0 0 0 0 0 941946212 921973353 941270951 904662753 675261 17310600 17985861 17985861 0 0 0 0 0 0 0 0 0 MISC INCOME - BOLI 522130 3710490 3710490 3710490 498293550 497436349 857201 0 15000 0 0 13008829 0 65935997 3397583 7558559 5195158 0 785162 214371 0 0 0 8471401 3481530 7174356 16807097 0 2846542 304897 0 392335 137125869 0 15068651 492200 PROVISION FOR LOAN LOSS 112423200 MORTGAGE SERVICING FEES 7361847 CREDIT CARD SERVICING FEES 4928222 ATM SERVICING FEES 3192919 18899545 435081270 0 0 232692689 617917149 0 0 40463850 47030808 0 0 0 0 8371450253 9116274245 0 0 8980453 10401883 131687659 96531289 46050620 35156370 3151828578 3305694552 502500 502500 0 0 59260 4558 392714199 407786362 12244742402 13540768427 67375568 87662856 0 0 2885355 2557563 0 0 0 0 0 0 0 0 0 0 10956217081 12144852338 11026478004 12235072757 X 0 0 0 0 1218264398 1305695670 1218264398 1305695670 12244742402 13540768427 63212280 24218992 X false true X true false false true X 8511229 6158848 2352381 8097107 5814898 2282209 115079323 84557543 30521780 35156370 0 MEMBER AND NON MEMBER SHARES 11187689828 FHLB BORROWINGS 846500000 REPURCHASE AGREEMENTS 91019000 CLEARING -4007240 INVESTMENT DERIVATIVE 17839679 OTHER 5811071 12144852338 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 6 15000 SCHEDULE I, PART 1, LINE 2 COLLEGE SCHOLARSHIP ASSISTANCE IS PROVIDED DIRECTLY TO THE INSTITUTION WHERE THE AWARD RECIPIENTS ATTEND. THE APPLICANT MUST BE AN ALLIANT MEMBER IN GOOD STANDING AND HAVE AN ALLIANT SAVINGS ACCOUNT IN HIS/HER NAME. THE APPLICANT MUST BE APPLYING TO OR ENROLLED IN AN ACCREDITED UNDERGRADUATE PROGRAM AT A 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 true true false DAVID MOONEY EXECUTIVE DIRECTOR/CEO 717131 1369813 20728 888399 9277 3005348 PHILIP SALIS END 112020 SVP, MEMBER ENGAGEMENT 283647 358463 482911 24000 8130 1157151 TIMOTHY WARTMAN END 112020 SENIOR VICE PRESIDENT 289969 372345 499210 24000 9529 1195053 LEE SCHAFER END 112020 SENIOR VICE PRESIDENT 282482 363627 493820 24000 9956 1173885 DENNIS DEVINE START 072020 EXECUTIVE DIRECTOR/CEO 344921 325000 9822 127806 5021 812570 JASON OSTERHAGE SENIOR VICE PRESIDENT 338509 353081 18348 237120 9752 956810 HARRY ZHU SENIOR VICE PRESIDENT, CFO 337337 347834 15735 236628 12502 950036 WILLIAM LOTHRIDGE -END 112020 VP, HUMAN CAPITAL 180243 70753 257107 18723 8218 535044 MEREDITH RITCHIE SENIOR VICE PRESIDENT 238162 77787 14091 102342 9802 442184 SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS WERE MADE TO CERTAIN PERSONS INCLUDED IN PART VII, SECTION A, LINE 1A AND HAVE BEEN INCLUDED IN SCHEDULE J COLUMN (B)(III) FOR OTHER REPORTABLE COMPENSATION. SCHEDULE J, PART I, LINE 4B ALLIANT OFFERS A SUPPLEMENTAL DEFERRED COMPENSATION PROGRAM TO SVP'S AND ABOVE. THE AMOUNT IS AS FOLLOWS: DAVID MOONEY $864,399 DENNIS DEVINE $118,056 JASON OSTERHAGE $213,120 HARRY ZHU $216,829 MEREDITH RITCHIE $79,266 FORM 990, PART III, LINE 3 ALLIANT NO LONGER OWNS ATMS. MEMBERS CAN NOW ACCESS 80,000+ SURCHARGE-FREE ATMS. ALLIANT ALSO OFFERS ATM FEE REBATES. FORM 990, PART VI, SECTION A, LINE 6 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 A, LINE 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 COUNCIL 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. THE CEO'S COMPENSATION IS VALIDATED AND RECOMMENDED FOR APPROVAL THROUGH THE CHAIRPERSON OF BOD AND THE BOARD'S TALENT AND COMPENSATION COMMITTEE. THE LAST REVIEW WAS COMPLETED IN DECEMBER 2019. 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) PRIVATE FDN NA false false false false false false false false false false false false false false true true false false false false