Alliant Credit Union is based in Chicago, and serves more than 270,000 members through its online services and through 14 branches across the country. It was originally established as the credit union for employees of United Airlines and today serves a diversified range of clients from major corporations to smaller enterprises and individuals.
Currently, Alliant Credit Union has US$8.2 billion in assets, while its investment program has a total of 9 financial advisors and LPL Financial serves over 685 banks and credit unions with brokerage, trust and wealth management services.
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Commenting on the move, Laura Wallace, vice president branches and retirement & investment services at Alliant Credit Union, said: "We are enthusiastic about partnering with LPL Financial, in order to bring our members the highest quality service in the industry. The winning combination provided by LPL Financial of brokerage services, wealth management and trust solutions will enable Alliant Credit Union to significantly extend the range of services we offer our client members."
"As a nationwide credit union, Alliant Credit Union was looking for a partner with the scale and resources to help us grow our business at a national level. We expect to gain valuable new efficiencies through LPL Financial’s technological platform and to benefit from the vast amount of resources available through their dedicated support of the institutional channel. Additionally, Alliant will be able to tap into the LPL Financial network of financial institutions in order to gain greater access to industry-wide best practices and business networking opportunities," Wallace added.
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