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The Chicago-based Alliant Credit Union announced on Monday that it will no longer charge members for overdraft fees or fees for non-sufficient funds on all checking and savings accounts. This decision was significant because Alliant is the largest credit union and one of the largest financial institutions to eliminate those fees.

“Alliant has never relied on fees, unlike some other banks and financial institutions. Today, we go all-in for our members and eliminate overdraft fees all together,” President/CEO Dennis Devine said. “Our biggest priority is doing what’s in the best interest of our members, and that means challenging historic norms like overdraft and non-sufficient funds fees.”

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Michael Ogden

Editor-in-Chief for CU Times.

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