About Alliant Credit Union
Alliant Credit Union (ACU) is powered by you because it was developed
by the employees of our utility company in 1933. They listened to
the financial needs of their co-workers and chartered the Credit
Union to answer those needs. Depositors were members/owners of ACU.
That same motto exists today as the board and staff listen to the
member's voice. The board focuses on what members want as they create
services and set rates. The staff will go out of their way to provide
that service and work out the best rate structure for members' needs.
We will deliver exceptional service and outstanding financial solutions
to our members.
Alliant Credit Union (ACU) is owned by its members and has been
serving their needs since 1933. Members' savings create a pool of
funds that are used to provide loans at competitive rates. Deposits
are commonly called shares because you actually become a part owner
of your credit union. By carefully investing member savings and
offering competitive loan interest rates, the credit union meets
operating costs and generates enough income to pay an attractive
dividend.
Members meet annually to elect the governing body-- the Board of
Directors. This 11-member board determines the policies and direction
of the credit union, appoints the manager, declares quarterly dividend
rates, and sets interest rates on loans. Many of the board's responsibilities
are managed by various committees: Credit, Audit and Finance.
ACU
|
BANK |
| Members are the owners |
Stockholders are the owners |
| Members earn dividends |
Stockholders earn the dividends |
| Each depositor, now owner, has one vote
at our annual meeting, regardless of dollars on deposit |
Stockholders have a number of votes determined
by the numbers of shares of stock they own. |
| Unpaid, volunteer Board of Directors |
Paid Board of Directors |
| Depositors (owners) elect their board from
among members. |
Stockholders elect their board |
| Owners' voice determines the CU's direction |
Stockholders determine direction |
| Lend only to our owners |
Loan to non-owners, customers |
| Offer better rates |
Charge more fees |
| Organized to meet the financial needs of
its members |
Organized to make profit for its stockholders |
|
Equal Housing Lender.
