Alliant Credit Union Secures $500M

Alliant Credit Union has secured $500,000,000 in investment capital from investors, marking a significant funding round for the digital financial institution. This capital infusion provides substantial resources for the credit union as it continues its growth trajectory and strategic initiatives. Operating as a fully digital credit union, Alliant differentiates itself by aiming to disrupt traditional banking norms. With a history spanning over 85 years, it manages more than $19 billion in assets, positioning it as the largest credit union in Illinois and among the largest in the United States. Alliant serves over 900,000 members through industry-leading financial products, seamless digital experiences, and a focus on customer service, working to redefine the financial industry. The newly acquired funding underscores confidence in Alliant's model as a digital-first and member-centric financial provider. The credit union plans to deploy these funds towards strategic growth initiatives, including further investment in its digital infrastructure and technological capabilities. This capital will also support the expansion of its product offerings and enhance the seamless experiences provided to its members. Alliant Credit Union is poised to leverage this investment to reinforce its position in the evolving financial landscape, continuing to innovate and expand its services to meet the needs of its growing member base.