Alliant Credit Union
Nonprofit profile at a glance
- EIN
- 366066772
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 800-328-1935
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $1,266,937,770
- Expenses
- $1,185,270,168
- Assets
- $19,539,151,845
- Liabilities
- $18,117,300,934
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- Dennis Devine END 102024 (CEO)
- Kenneth Schaafsma (EVP/Interim CEO)
Highest reported compensation
- Dennis Devine END 102024 (CEO): $6,426,149 total reported compensation
- Sumeet Grover (EVP): $1,100,078 total reported compensation
- Kenneth Crowder (Retail Mortgage Loan Officer): $1,095,763 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Alliant Credit Union is a not-for-profit financial cooperative dedicated to providing its members with high-rate savings and checking accounts, low-rate loans, and exceptional service.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Other-operating. 91% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 86
- Accountability: 37
- Sustainability: 67
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.4%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 16.48; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.93; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 1.2%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: -120% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: 14.7% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 57th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $6.4M · 20 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2M reported
- Consistency: 11 of 11 current checks pass
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 20 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.