Alliance Credit Union Info + Reviews

Alliance Credit Union will be the Missouri CU that we will focus on here. We’ll be taking a look at important details of this one like their history, products, rates and more. At the end of this article, you can add in your own personal review of ACU if you have experience with them.

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*Routing #: 281081505

*Phone #: 1-(800) 541-6131

A Little History on Alliance Credit Union

ACU was started in mid-1948 for employees of Emerson Electric Company. The non-profit financial institution now serves a handful of communities in the greater St. Louis area today.

They are part of the CO-OP ATM network, so, there are over 30,000 surcharge-free ATMs that you can find nationwide to access your ACU cash. Their asset size today is nearly $400 million dollars according to the NCUA database, too.

Do They Give Back At All?

Alliance Credit Union has a scholarship program that awards a few thousand dollars per year to students. Otherwise, I couldn’t find any other charitable causes or anything that they are involved with.

Membership Requirements

In order to join Alliance Credit Union, you’ll need to meet some requirements. These can range from where you live to where you’ve worked or retired from. Family can also get you in there.

If you live or work in St. Louis County, St. Charles County, Jefferson County, Franklin County or St. Louis City, you’re in. Residents of Illinois who live in St. Clair County, Madison County, Monroe County, or Jersey County are in, too.

There are a lot of family member eligibility and past employer connections that can get you in. Frankly, there’s too many to list, so, check those out here on their site.

Their Products at Alliance Credit Union

You can find checking, savings, loans, credit cards, and various extras like online bill pay here. ACU also offers a pretty extensive suite of business products like savings/checking, loans, fleet financing, debit/credit cards, payment processing and covid-19 resources.

Not every CU around Missouri offers business services, so, that’s good that you can get some here if you run a small business.

Personal Savings and Checking Products

Their savings account offerings have a lot of variety. You can choose their Basic Savings Accounts, Youth Savings Accounts, Vacation Club Savings Account, Holiday Club Savings Account, or Individual Retirement Accounts (IRAs).

It doesn’t look like they offer Health Savings accounts, so, look elsewhere for one of those.

There are three main personal checking account products at Alliance Credit Union. They have the basic Free Checking Account, Best Interest Checking Account, and the CU Succeed Teen Checking Account.

Business Products at Alliance Credit Union

Two main business checking accounts are offered. There’s Free Business Checking and Business Interest Checking. The free one looks pretty good, no minimum balance, no monthly account fee, free Visa debit card and only $5 to open the account.

That’s better than the credit union we work with.

You can get a loan for your business for things like commercial property or fleet financing if you need to pay for trucks, vans, or cars.

Other Products

You can get set up with home loans at Alliance Credit Union, home equity loans, new or used car loans, and student loans.

Rates

All loan rates disclosed as Annual Percentage Rate (APR) Rates subject to change. Best rates quoted. They do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

Your rate may vary based on your credit profile and payment election.

Apply in person at any branch, by phone (636) 343-7005, option 0 or online.

Vehicle Loan Rates

TermNew Vehicle APR (as Low as)Used Vehicle APR (as Low as)
1-36 Months1.99%2.25%
37-48 Months2.25%2.25%
49-60 Months2.49%2.49%
61-72 Months3.25%3.50%
73-84 Months4.50%N/A
*Rates subject to change daily. Alliance will finance up to 100% NADA Retail Value

New Motorcycle, ATV & Jet Ski Loan Rates

TermNew Vehicle APR (as Low as)Used Vehicle APR (as Low as)
1-36 Months5.00%5.00%
37-48 Months5.00%5.00%
49-60 Months5.00%5.00%
61-72 Months5.75%5.75%
*Rates subject to change daily. Alliance will finance up to 100% NADA Retail Value

New RVs And Boat Loan Rates

TermNew Vehicle APR (as Low as)Used Vehicle APR (as Low as)
1-72 Months5.25%5.25%
73-120 Months6.25%6.25%
121-180 Months7.25%7.25%
*Rates subject to change daily. Alliance will finance up to 100% NADA Retail Value

Classic Car Rates

Classic Car Rates (as Low as)60 Months72 Months
“A” Prime + 3.00%5.50%6.00%
“B” Prime + 3.00%6.00%6.50%
“C” Prime + 5.00%7.00%N/A

Personal Loan Rates Alliance Credit Union

TermAPR (as Low as)
Up to 60 Months9.49%
Up to $10,000 with repayment terms up to 60 months

Personal Line Of Credit Loan Rates

TermAPR (as Low as)
Revolving Credit Terms11.49%
Up to $10,000 with repayment terms up to 60 months

Savings or CD Secured Loan Rates

TermAPR (as Low as)
Up to 120 Months Based upon Amount Borrowed3% over

Pledge your savings or certificate of deposit as security with the following rates and terms!

  • The rate on your loan will adjust to stay at 3% over the savings rate.
  • Loan terms may not exceed the CD maturity date but can be amortized for a longer term with a final balloon payment at maturity.

Savings & Investment Interest Rates at Alliance Credit Union

Certificates Of Deposit & IRA CDs

Certificate TermInterest RateAnnual Percentage Yield (APY)Minimum Certificate Deposit Amount
3 Months0.05%0.05%$1,000
6 Months0.15%0.15%$1,000
7 Months0.17%0.17%$1,000
8-Month Super Saver0.18%0.18%$1,000
9 Months0.20%0.20%$1,000
12 Months0.25%0.25%$1,000
15 Months0.27%0.27%$1,000
18 Months0.30%0.30%$1,000
24 Months0.35%0.35%$1,000
36 Months0.40%0.40%$1,000
36 Months Rate Bump0.20%0.20%$1,000
37 Months0.20%0.20%$1,000
48 Months0.50%0.50%$1,000
48 Months Rate Bump0.30%0.30%$1,000
60 Months0.60%0.60%$1,000
60 Months Rate Bump0.40%0.40%$1,000
Youth Saver 12-Month CD
(ages 0-19)
0.25%0.25%$250
The interest rate for your account will be paid until the maturity date of your certificate. Interest is compounded quarterly and will be credited quarterly. This account will automatically renew at maturity. You will have ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty. If any of the deposit is withdrawn before the maturity date, a penalty will be imposed.

8 Month Super Saver CD

Certificate TermInterest RateAnnual Percentage Yield (APY)Minimum Certificate Amount
8 MonthsSee rate aboveSee rate above$1,000
Our unique 8 Month Super Saver CD allows members to continue saving while earning certificate rates. Members must establish a transfer of $50 (or more) monthly to this certificate of deposit. If any of the deposit is withdrawn before the maturity date, a penalty will be imposed. When opened with a Coindexter account, a $50 opening minimum balance with a $5 minimum monthly transfer is required.

IRA Account at Alliance Credit Union

if Average Daily Balance for the month is:But Less Than:The Interest Rate Paid on the entire balance in your account will be:With an Annual Percentage Yield of:
$100$5,0000.05%0.05%
$5,000$25,0000.10%0.10%
$25,000$50,0000.15%0.15%
$50,000$75,0000.20%0.20%
$75,000$100,0000.25%0.25%
$100,000N/A0.30%0.30%
The minimum balance required to open this account is $100. At our discretion, we may change the interest rate on your account on any day; however, your interest rate will not be lower than the interest rates above for the current month.

Best Interest Checking

If your daily balance is between:your interest rate will be:with an APY of:
$0.00 – $10,0002.85%2.86%
$10,001 – $100,000+0.15%0.15%
Alliance Credit Union has great news for members that want to earn higher interest on their account. Our new Best Interest Checking account will allow you to earn 3.01% APY* monthly on the first $10,000 by meeting four simple criteria that you may already be doing. Here’s Your Monthly Qualifications: • Have at least 25 debt card transactions post and settle • Have at least one direct deposit post and settle • Pay three bills with Bill Pay or recurring ACH, combined per month • Enroll in e-statements • Criteria & rate subject to change at our discretion. Read newsletter for account updates.

Money Market

if Average Daily Balance for the month is:But Less Than:The Interest Rate Paid on the entire balance in your account will be:With an Annual Percentage Yield of:
$10,000$24,9990.05%0.05%
$25,000$49,9990.10%0.10%
$50,000$74,9990.15%0.15%
$75,000$99,9990.20%0.20%
$100,0000.25%0.25%
This high-yielding federally-insured money market account is tied to Fed Funds and offers six withdrawals or transfers during any statement period. The minimum balance required to open this account is $10,000. If your balance falls below $10,000, you will not earn interest that month. At our discretion, we may change the interest rate on your account on any day; however, your interest rate will not be lower than the interest rates above for the current month.

Savings Account

if Average Daily Balance for the month is:But Less Than:The Interest Rate Paid on the entire balance in your account will be:With an Annual Percentage Yield of:
$100$1,0000.05%0.05%
$1,000$10,0000.05%0.05%
$10,000and greater0.05%0.05%
The minimum balance required to open this account is $5, the par value of one share, which establishes your membership at Alliance CU.

Holiday / Vacation Club at Alliance Credit Union

Interest rates are the same as the SAVINGS ACCOUNT (above). The minimum balance required to open this account is only $5. Members may make one withdrawal from their holiday or vacation club account anytime during any month without incurring a fee.

Alliance Credit Union – Final Thoughts

Alliance is a great looking credit union to put your money in. They have offerings to meet the needs of individuals across a wide age range, whether for personal needs or business. ACU does get involved with some charity work, however, not as much as a lot of other credit unions from what it looks like.

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*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.

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