Alliant Credit Union

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Phone

7734622000

Tax Period

2023-01-01 to 2023-12-31

Alliant Credit Union, founded in 1935, is a large national nonprofit in the Public & Societal Benefit sector that reported $1.2B in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $1.1B left a modest 7% surplus.

Mission

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.

Program Service Accomplishments

Program 1

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.

Program 2

DEPOSIT PRODUCTS - WE OFFER NUMEROUS DEPOSIT PRODUCTS AT A HIGHER THAN AVERAGE INTEREST RATE INCLUDING CHECKING, SAVINGS, CERTIFICATE OF DEPOSITS, AND CUSTODIAL ACCOUNTS.

Program 3

INVESTMENT SERVICES - FULL SERVICE FINANCIAL ADVISORY PROGRAM OFFERING MEMBERS RETIREMENT, INSURANCE, AND INVESTMENT SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,066,632,888

Investment Income $81,650,769

Other Revenue $1,766,585

TOTAL REVENUE $1,150,050,242

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $134,382,341

Fundraising Expenses $0

Program Expenses $0

Other Expenses $931,914,163

TOTAL EXPENSES $1,066,312,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,150,050,242	$734,170,214	+0.6%
Expenses	$1,066,312,504	$566,974,537	+0.9%
Net Income	$83,737,738	$167,195,677	-0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1050

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,630,124

Total Directors

$3,685,243

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Executive Director/CEO	40.0	Officer Director	$3,117,129	$35,614	$3,152,743
N/A	Board Member	1.0	Director	$48,750	$0	$48,750
N/A	Chairperson	1.0	Director	$65,417	$0	$65,417
N/A	Board Member	1.0	Director	$33,333	$0	$33,333
N/A	Chairperson of Supervisory Committee	1.0	Director	$58,750	$0	$58,750
N/A	Chairperson, Compensation & Talent, Board Secretary	1.0	Director	$58,750	$0	$58,750
N/A	Board Member	1.0	Director	$48,750	$0	$48,750
N/A	Vice Chairperson	1.0	Director	$58,750	$0	$58,750
N/A	Board Member	1.0	Director	$55,417	$0	$55,417
N/A	Board Member	1.0	Director	$19,583	$0	$19,583
N/A	Board Member	1.0	Director	$48,750	$0	$48,750
N/A	Chairperson	1.0	Director	$27,917	$0	$27,917
N/A	Board Member	1.0	Director	$8,333	$0	$8,333
N/A	Senior Vice President, CFO	40.0	Officer	$664,961	$39,116	$704,077
N/A	Senior Vice President, Counsel	40.0	Officer	$741,138	$32,166	$773,304
N/A	Senior Vice President	40.0	Highest	$701,214	$32,166	$733,380
N/A	Senior Vice President	40.0	Highest	$743,564	$27,922	$771,486
N/A	Senior Vice President	40.0	Highest	$814,914	$27,750	$842,664
N/A	Senior Vice President	40.0	Highest	$679,449	$27,316	$706,765
N/A	Senior Vice President	40.0	Highest	$855,296	$14,951	$870,247
N/A	Senior Vice President	40.0	Highest	$721,495	$27,750	$749,245

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,150,050,242	$1,066,312,504	$18,473,232,789	$83,737,738
2022	$734,170,214	$566,974,537	$18,739,008,483	$167,195,677
2021	$528,339,563	$266,529,015	$15,151,012,308	$261,810,548
2020	$498,293,550	$435,081,270	$13,540,768,427	$63,212,280
2019	$514,950,827	$460,962,900	$12,244,742,402	$53,987,927
2018	$422,344,440	$360,813,605	$11,226,543,829	$61,530,835