Alliant Credit Union

Chicago, IL · Founded 1935

Member-owned digital financial institution providing high-rate savings, checking accounts, loans, and credit cards

Primary audience

Credit union members

Work area

Financial services

Topic

Cooperative banking

Contact

Dennis Devine END 102024

Website Contact

About Organization

Alliant Credit Union is a member-owned financial cooperative founded in 1935 and based in Chicago, IL. The organization operates without profit, returning value to members through competitive dividend rates on savings and lower interest rates on loans. With nearly 1,000 employees and $1.3 billion in annual revenue, Alliant serves members nationwide through digital banking platforms.

What They Focus On

Member Financial Security

Providing competitive savings rates and accessible accounts to help members build and protect their financial assets

Affordable Credit Access

Offering below-market loan rates on auto loans, mortgages, and credit cards to reduce member borrowing costs

Digital Banking Innovation

Developing online and mobile platforms that deliver convenient, nationwide access to financial services without physical branches

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2024)

$1.3B

+10.2% vs 2023

Expenses (2024)

$1.2B

+11.2% vs 2023

Assets (2024)

$19.5B

+5.8% vs 2023

Employees (2024)

999

-4.9% vs 2023

Year	Revenue	Expenses	Assets	Employees
2024	$1,266,937,770	$1,185,270,168	$19,539,151,845	999
2023	$1,150,050,242	$1,066,312,504	$18,473,232,789	1,050
2022	$734,170,214	$566,974,537	$18,739,008,483	987
2020	$498,293,550	$435,081,270	$13,540,768,427	743
2019	$514,950,827	$460,962,900	$12,244,742,402	725
2018	$422,344,440	$360,813,605	$11,226,543,829	679

Source: IRS Form 990 filings. All figures in USD.

01

Open Membership

Anyone nationwide can apply to join and become a member-owner of the credit union
02

Digital Service Delivery

Members access accounts and services through online and mobile platforms without physical branch requirements
03

Competitive Rate Setting

Operating without profit motive enables higher savings dividends and lower loan rates for members
04

Member Value Return

Excess revenue is returned to members through improved rates rather than distributed as profits

Programs and Initiatives

Services and programs offered by Alliant Credit Union

High-Rate Savings Accounts

Member savings accounts offering competitive dividend rates, helping members build financial security through higher returns on deposits

Member Lending Services

Auto loans, mortgages, and credit cards provided at below-market rates to benefit members and support major purchases

Digital Banking Platform

Online and mobile banking services providing nationwide access to checking, savings, and loan products for all members

Financial Education

Resources and guidance to help members make informed decisions about savings, borrowing, and managing personal finances

Team & Leadership

Meet the people behind Alliant Credit Union.

Dennis Devine END 102024

CEO

Full-time

Compensation: $6,305,376

Mark Lau

EVP, CFO

Full-time

Compensation: $852,653

Kenneth Schaafsma

EVP/Interim CEO

Full-time

Compensation: $822,641

Kenneth Crowder

Retail Mortgage Loan Officer

Full-time

Compensation: $1,012,707

Sumeet Grover

EVP

Full-time

Compensation: $987,328

Diane Hughes

EVP

Full-time

Compensation: $927,943

Meredith Ritchie

EVP, Counsel

Full-time

Compensation: $786,547

James Warder

EVP

Full-time

Compensation: $698,060

David Leib

Chairperson

1 hrs/week

Compensation: $70,000

Lee Achord

Vice Chairperson

1 hrs/week

Compensation: $60,000

Ajibola Johnson

Chairperson of Supervisory Committee

1 hrs/week

Compensation: $56,667

Kenton Chow

Chairperson of Compensation & Talent

1 hrs/week

Compensation: $56,667

Irwin Gzesh END 022024

Chairperson of Supervisory Committee

1 hrs/week

Compensation: $25,000

Milestones

1935

Credit Union Founded

1935

Alliant Credit Union established to serve members through cooperative financial services

1964

Tax-Exempt Status Granted

1964

IRS recognized the organization's nonprofit, member-benefit mission under Section 501(c)(14)

2020

Reached $500M Revenue

2020

Annual revenue milestone reflecting significant membership growth and expanded digital banking services

2024

Surpassed $1.2B Revenue

2024

Revenue grew to $1.27 billion with assets exceeding $19.5 billion, serving nationwide membership base

Associated People

Board members, advisors, and key contributors

Board of Directors

Sabrina King Board Secretary 1.0 hrs/week · $60,000

Deepak Khandelwal Board Member 1.0 hrs/week · $50,000

Sue Bettman Board Member 1.0 hrs/week · $50,000

Woody Woodring Board Member 1.0 hrs/week · $50,000

Sarah Searls Board Member 1.0 hrs/week · $33,334

David Tentinger Board Member 1.0 hrs/week · $25,000

Julian Chu END 022024 Chairperson of Compensation & Talent, Board Secretary 1.0 hrs/week · $25,000

David Leib Chairperson

Lee Achord Vice Chairperson

Ajibola Johnson Chairperson of Supervisory Committee

Kenton Chow Chairperson of Compensation & Talent

Irwin Gzesh END 022024 Chairperson of Supervisory Committee

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2024)

$13.6M

Highest Paid

$6.4M

Dennis Devine End 102024

Compensated Officers

Name	Title	Base	Other	Total	Hrs/Wk
Dennis Devine End 102024	CEO	$6,305,376	$120,773	$6,426,149	40
Sumeet Grover	EVP	$987,328	$112,750	$1,100,078	40
Kenneth Crowder	Retail Mortgage Loan Officer	$1,012,707	$83,056	$1,095,763	40
Diane Hughes	EVP	$927,943	$117,150	$1,045,093	40
Mark Lau	EVP, CFO	$852,653	$105,700	$958,353	40
Meredith Ritchie	EVP, Counsel	$786,547	$122,050	$908,597	40
Kenneth Schaafsma	EVP/Interim CEO	$822,641	$61,400	$884,041	40
James Warder	EVP	$698,060	$38,713	$736,773	40
David Leib	Chairperson	$70,000	—	$70,000	1
Lee Achord	Vice Chairperson	$60,000	—	$60,000	1
Sabrina King	Board Secretary	$60,000	—	$60,000	1
Ajibola Johnson	Chairperson Of Supervisory Committee	$56,667	—	$56,667	1
Kenton Chow	Chairperson Of Compensation & Talent	$56,667	—	$56,667	1
Deepak Khandelwal	Board Member	$50,000	—	$50,000	1
Sue Bettman	Board Member	$50,000	—	$50,000	1

Name	Title	Base	Other	Total	Hrs/Wk
Dennis Devine	Executive Director/CEO	$3,117,129	$35,614	$3,152,743	40
Neeru Arora	Senior Vice President	$855,296	$14,951	$870,247	40
Harry Zhu (End 092023)	Senior Vice President	$814,914	$27,750	$842,664	40
Meredith Ritchie	Senior Vice President, Counsel	$741,138	$32,166	$773,304	40
Diane Hughes	Senior Vice President	$743,564	$27,922	$771,486	40
Sumeet Grover	Senior Vice President	$721,495	$27,750	$749,245	40
Charles Krawitz	Senior Vice President	$701,214	$32,166	$733,380	40
Kenneth Schaafsma	Senior Vice President	$679,449	$27,316	$706,765	40
Mark Lau	Senior Vice President, CFO	$664,961	$39,116	$704,077	40
David Leib	Chairperson	$65,417	—	$65,417	1
Irwin Gzesh	Chairperson Of Supervisory Committee	$58,750	—	$58,750	1
Julian Chu	Chairperson, Compensation & Talent, Board Secretary	$58,750	—	$58,750	1
Lee Achord	Vice Chairperson	$58,750	—	$58,750	1
Sabrina King	Board Member	$55,417	—	$55,417	1
Ajibola Johnson	Board Member	$48,750	—	$48,750	1

Name	Title	Base	Other	Total	Hrs/Wk
Dennis Devine	Chief Executive Officer	$3,016,512	$350,863	$3,367,375	40
Harry Zhu	Senior Vice President	$864,254	$100,080	$964,334	40
Diane Hughes Start	Senior Vice President	$610,124	$99,738	$709,862	40
Kenneth Schaafsma	Senior Vice President	$585,939	$94,000	$679,939	40
Sumeet Grover Start	Senior Vice President	$584,686	$93,833	$678,519	40
Charles Krawitz	Senior Vice President	$552,498	$103,290	$655,788	40
Meredith Ritchie	Senior Vice President, Counsel	$516,640	$104,320	$620,960	40
Mark Lau Start	Senior Vice President, CFO	$522,779	$95,299	$618,078	40
Vasanthi Sekhar End 0522	Senior Vice President	$394,533	$26,620	$421,153	40
Shrikant Dash End 0122	Senior Vice President	$308,472	$2,693	$311,165	40
Ted Davidson	Chairperson	$65,000	—	$65,000	1
David Leib	Vice Chairperson	$55,000	—	$55,000	1
Irwin Gzesh	Chairperson Of Supervisory Com	$55,000	—	$55,000	1
Lee Achord	Board Member, Board Secretary	$55,000	—	$55,000	1
Julian Chu	Chairperson, Compensation & Ta	$51,667	—	$51,667	1

Name	Title	Base	Other	Total	Hrs/Wk
David Mooney	Executive Director/CEO	$2,107,672	$897,676	$3,005,348	40
Timothy Wartman End 112020	Senior Vice President	$1,161,524	$33,529	$1,195,053	40
Lee Schafer End 112020	Senior Vice President	$1,139,929	$33,956	$1,173,885	40
Philip Salis End 112020	SVP, Member Engagement	$1,125,021	$32,130	$1,157,151	40
Jason Osterhage	Senior Vice President	$709,938	$246,872	$956,810	40
Harry Zhu	Senior Vice President, CFO	$700,906	$249,130	$950,036	40
Dennis Devine Start 072020	Executive Director/CEO	$679,743	$132,827	$812,570	40
William Lothridge -End 112020	VP, Human Capital	$508,103	$26,941	$535,044	40
Meredith Ritchie	Senior Vice President	$330,040	$112,144	$442,184	40
Ed Rogowski	Chairperson	$71,911	—	$71,911	1
Anne Pease	Chairperson, Comp & Talent	$60,848	—	$60,848	1
David Leib	Board Member	$60,848	—	$60,848	1
Irwin Gzesh	Chairperson Of Proxy Committee	$60,848	—	$60,848	1
Ted Davidson	Board Member, Vice Chairperson	$60,848	—	$60,848	1
Farhan Siddiqi	Board Member	$49,784	—	$49,784	1

Name	Title	Base	Other	Total	Hrs/Wk
David Mooney	Executive Director/CEO	$1,568,389	$413,671	$1,982,060	40
Timothy Wartman	Senior Vice President	$568,416	$123,031	$691,447	40
Lee Schafer	Senior Vice President	$553,771	$121,333	$675,104	40
Philip Salis	Senior Vice President	$545,676	$120,567	$666,243	40
Jason Osterhage	Senior Vice President	$541,879	$113,457	$655,336	40
Harry Zhu	CFO	$519,366	$107,952	$627,318	40
Charles Melidosian-End	Manager, Information Security	$481,818	$1,655	$483,473	40
George Rudolph End 03	Senior Vice President	$298,983	$89,185	$388,168	40
Kenneth Schaafesma	VP, Enterprise Risk MGMT & CRO	$357,264	$22,456	$379,720	40
Mark Lau	VP, Finance & Risk MGMT	$333,087	$28,572	$361,659	40
Michelle Spellerberg	VP, Marketing&Digital Strategy	$330,940	$30,208	$361,148	40
Laura Wallace	VP, Member Care	$324,338	$28,264	$352,602	40
Al Pitcher	VP, Information Technology	$318,680	$33,340	$352,020	40
Stephen Anderson	VP Compliance & CCO	$323,767	$28,233	$352,000	40
Charles Krawitz	VP, Commericial Lending	$324,050	$27,294	$351,344	40

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

Individual Political Donors

People from this organization who contributed to political campaigns

$9K Total Given

Republican $6,500 (73%)

Democratic $2,406 (27%)

45 Contributions

$198 Avg Each

Top Individual Donors

6 Individual Donors

Elliot Reis 20 contributions • $312 avg

$6,240

Neeru Arora 17 contributions • $100 avg

$1,700

Elizabeth Wendt 2 contributions • $250 avg

$500

Timothy Sheridan 1 contribution • $260 avg

$260

Robert Moore 2 contributions • $63 avg

$125

Other Individual Contributors $81 combined

Jeff Meyerhoff

Chicago, IL

$81 Total

3 Contributions

HARRIS FOR PRESIDENT

Quick Insights

🏆

Most Active Donor Elliot Reis with 20 contributions

💰

Highest Avg per Contribution Elliot Reis at $312 each

🎯

Top Recipient WINRED — $4,160

Data from Federal Election Commission • Individual contributions only

Contact

Get in touch with Alliant Credit Union

Phone

(773) 462-2000

Social

Visit Website

11545 W Touhy Avenue Chicago, IL 60666

Alliant Credit Union

What They Focus On

Financial Information

How They Work

Open Membership

Digital Service Delivery

Competitive Rate Setting

Member Value Return

Programs and Initiatives

High-Rate Savings Accounts

Member Lending Services

Digital Banking Platform

Financial Education

Team & Leadership

Dennis Devine END 102024

Mark Lau

Kenneth Schaafsma

Kenneth Crowder

Sumeet Grover

Diane Hughes

Meredith Ritchie

James Warder

David Leib

Lee Achord

Ajibola Johnson

Kenton Chow

Irwin Gzesh END 022024

Milestones

Credit Union Founded

Tax-Exempt Status Granted

Reached $500M Revenue

Surpassed $1.2B Revenue

Associated People

Board of Directors

Executive Compensation

Individual Political Donors

Top Individual Donors

Other Individual Contributors $81 combined

Jeff Meyerhoff

Quick Insights

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