Key Highlights
- ALEC's unique ownership structure as a not-for-profit financial co-operative, which allows it to return profits directly to its members.
- The credit union's commitment to providing lower rates on loans, higher rates on savings, and reduced fees, which significantly benefits its members.
- ALEC's focus on transparency and honesty in delivering financial services, which helps build trust and long-term relationships with its members.
- The credit union's dedication to providing better services and financial support, ensuring that members receive the best possible financial assistance.
- ALEC's philosophy of prioritizing people over profits, which is reflected in its mission to help members succeed financially and make informed decisions.
About ALEC
ALEC is a credit union based in Gurnee, Illinois, founded in 1990. It is a not-for-profit financial co-operative owned by its members, dedicated to serving their diverse financial needs. Unlike traditional financial institutions, ALEC returns its profits to members in the form of lower rates on loans, higher rates on savings, and reduced fees. This member-focused approach ensures that ALEC provides exceptional value and honesty, prioritizing people over profits.
ALEC's mission is centered on helping members succeed financially and providing them with the knowledge to make informed decisions. The credit union's commitment to transparency and member satisfaction sets it apart from other financial institutions. By offering better services and financial benefits, ALEC aims to build lasting trust and deliver unsurpassed personal service.
With a team of 91 employees, ALEC continues to uphold its philosophy of placing people above profits, ensuring that its members receive the best possible financial support and services. This commitment to member satisfaction and financial well-being makes ALEC a unique and valuable partner in the financial industry.
Company Facts
| Ownership Private Company |
Why Contact ALEC?
B2B professionals would contact ALEC for its unique approach to financial services and its commitment to member satisfaction. ALEC offers a valuable partnership for those seeking to provide exceptional financial support and services to their clients.
Who Should Contact ALEC for Business?
Sales teams selling financial services, recruiters seeking roles in the financial sector, and partners offering financial solutions should reach out to ALEC.
Categories
- credit union
- financial services
- member-owned
- not-for-profit
- financial co-operative
- lower rates
- higher rates
- reduced fees
- financial support
- member satisfaction
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Frequently Asked Questions
- What does ALEC do?
- ALEC is an association of state legislators dedicated to the principles of limited government, free markets, and federalism. It serves as a public-private partnership where legislators and stakeholders from the private sector collaborate on policy.
- How many employees does ALEC have?
- ALEC has approximately 91 employees.
- Where is ALEC headquartered?
- Gurnee, Illinois, United States of America
- What industry is ALEC in?
- ALEC operates in Digital Banking, Financial Services, Credit Unions.
- When was ALEC founded?
- ALEC was founded in 1990.
- What is the email format at ALEC?
- ALEC uses the email format flast@alecu.org.
- Is ALEC still active?
- Yes, ALEC was verified as an active company on February 2, 2026. Data Surfer regularly validates company information to ensure accuracy.
- How do I sell to ALEC?
- Research ALEC's priorities and goals, identify the right decision makers and champions, monitor for buying signals, and reach out at the right time with verified contact details. Learn how Data Surfer helps.
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Last verified: February 2, 2026
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