2022-11-15T12:52:37-06:00 2021-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2021-01-01 366066772 ALLIANT CREDIT UNION % KEVIN DEVLIN ALLI 7734622000 11545 W TOUHY AVENUE CHICAGO IL 60666 KEVIN DEVLIN VP OF ACCOUNTING 7734622017 2022-11-15 true Kevin Devlin 999009999 MICHAEL J SUMMERS P00838533 3173834000 2022-11-15 3 2021 2022-09-23 18:48:47Z DENNIS DEVINE 11545 W TOUHY AVENUE CHICAGO IL 60666 2041993925 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 1 818 0 1295161 887938 0 0 411612066 442730393 82970994 81693485 3710490 3915685 498293550 528339563 15000 16000 0 0 95096126 103482679 0 0 0 339970144 163030336 435081270 266529015 63212280 261810548 13540768427 15151012308 12235072757 13642757928 1305695670 1508254380 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 221462 0 true 818 true true true false false false false false true false X 11 1 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 EXECUTIVE DIRECTOR/CEO 40.0 1.0 X X 1887544 0 714416 DAVID MOONEY END 12021 Executive Director/CEO 40.0 1.0 X X 1227170 0 4405 HARRY ZHU SENIOR VICE PRESIDENT, CFO 40.0 0.0 X 748865 0 244288 KENNETH SCHAAFSMA Senior Vice President 40.0 0.0 X 456092 0 233388 MEREDITH RITCHIE Senior Vice President 40.0 0.0 X 420165 0 235125 SHRIKANT DASH SENIOR VICE PRESIDENT 40.0 0.0 X 617196 0 29768 CHARLES KRAWITZ VICE PRESIDENT 40.0 0.0 X 469086 0 172077 VASANTHI SEKHAR SENIOR VICE PRESIDENT 40.0 0.0 X 622248 0 18130 JASON OSTERHAGE END 072021 SENIOR VICE PRESIDENT 40.0 0.0 X 522854 0 28015 TED DAVIDSON Chairperson 1.0 0.0 X 60972 0 0 ANNE PEASE Vice Chairperson, Comp & Tale 1.0 0.0 X 55000 0 0 IRWIN GZESH Chairperson of PROXY COMMITTEE 1.0 0.0 X 55000 0 0 DAVID LEIB Board Member 1.0 0.0 X 55000 0 0 LEE ACHORD Board Member, Board Secretary 1.0 0.0 X 50972 0 0 JULIAN CHU Board Member 1.0 0.0 X 45000 0 0 FARHAN SIDDIQI END 092021 Board Member 1.0 0.0 X 45000 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 ED ROGOWSKI END 22021 Chairperson 1.0 0.0 X 32500 0 0 AJIBOLA JOHNSON- START 022021 BOARD MEMBER 1.0 0.0 X 26596 0 0 SUE BETTMAN START 092021 BOARD MEMBER 1.0 0.0 X 3750 0 0 7491010 0 1679612 293 false true false TEKSYSTEMS PO BOX 198568 ATLANTA GA 303848568 STAFFING FIRM 554811 SOFTWEB SOLUTIONS PO BOX 70390 CHICAGO IL 606730390 BUSINESS TECH SVCS 662714 PROTIVITI INC 2884 SAND HILL ROAD STE 200 MENLO PARK CA 94025 BUSINESS TECH SVCS 1741853 ADDISON GROUP 7076 SOLUTIONS CENTER CHICAGO IL 606777000 TECH CONSULTING FIRM 828590 SDG CORPORATION 55 NORTH WATER STREET NORWALK CT 06854 BUSINESS TECH SVCS 526700 19 0 LOAN INTEREST INCOME 522130 415098893 415098893 SERVICE FEES 522130 6793287 6793287 INVESTMENT SERVICES 522130 3618522 3618522 INTERCHANGE INCOME 522130 5981837 5981837 INSURANCE INCOME 522130 2861280 1941016 920264 8376574 8376574 442730393 48045557 47670660 374897 0 0 0 0 0 0 25139459 1522162831 25561545 1488092817 -422086 34070014 33647928 33647928 0 0 0 0 0 0 0 0 0 MISC INCOME - BOLI 522130 3915685 3915685 3915685 528339563 527044402 1295161 0 16000 0 0 6001768 0 78144371 3408126 10569103 5359311 0 524817 168523 0 0 0 5098224 9363365 5291942 14967928 0 2776916 317648 0 385983 86024523 0 14407491 480736 PROVISION FOR LOAN LOSS -12481522 MORTGAGE SERVICING FEES 8207354 CREDIT CARD SERVICING FEES 5250265 ATM SERVICING FEES 3519151 18726992 266529015 0 0 617917149 617811927 0 0 47030808 47888750 0 0 0 0 9116274245 10058629419 0 0 10401883 7852127 138058889 110938780 35156370 27120109 3305694552 3624774786 502500 502500 0 0 4558 0 407786362 766432690 13540768427 15151012308 87662856 90528261 0 0 2557563 1122923 0 0 0 0 0 0 0 0 0 0 12144852338 13551106744 12235072757 13642757928 X 0 0 0 0 1305695670 1508254380 1305695670 1508254380 13540768427 15151012308 261810548 -59251838 X false true X true false false true X 8511229 6461464 2049766 8103762 6888286 1215476 121443897 97589030 23854867 27120109 OTHER ASSETS 766432690 766432690 0 MEMBER AND NON MEMBER SHARES 12769057309 FHLB BORROWINGS 741500000 REPURCHASE AGREEMENTS 0 CLEARING 21338032 INVESTMENT DERIVATIVE 8186145 OTHER 11025258 13551106744 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 840050 1034889 12605 707013 7403 2601960 DAVID MOONEY END 12021 Executive Director/CEO 37986 1187168 2016 4031 374 1231575 HARRY ZHU SENIOR VICE PRESIDENT, CFO 283137 452833 12895 244288 0 993153 JASON OSTERHAGE END 072021 SENIOR VICE PRESIDENT 201227 311695 9932 19964 8051 550869 KENNETH SCHAAFSMA Senior Vice President 294299 161331 462 216306 17082 689480 MEREDITH RITCHIE Senior Vice President 256935 152165 11065 217852 17273 655290 VASANTHI SEKHAR SENIOR VICE PRESIDENT 343083 268753 10412 14760 3370 640378 SHRIKANT DASH SENIOR VICE PRESIDENT 355502 250000 11694 24250 5518 646964 CHARLES KRAWITZ VICE PRESIDENT 308915 149510 10661 157918 14159 641163 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 $682,763 HARRY ZHU $222,042 MEREDITH RITCHIE $194,333 KENNETH SCHAAFSMA $201,806 CHARLES KRAWITZ $137,118 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 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 COMPENSATION AND TALENT COMMITTEE. THE LAST REVIEW WAS COMPLETED IN DECEMBER 2021. 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