CHICAGO–Alliant Credit Union is reporting strong midyear results for its residential lending program, which it said followed the successful rollout of its mortgage transformation initiative.
According to the $20-billion Alliant CU, from Jan. 1 through June 30 it served 1,076 households and closed $628.8 million in one-to-four family first mortgage production, more than doubling the direct lending performance from the same period last year.
“This 158% year-over-year increase reflects a strategic investment in modernizing Alliant’s mortgage operations, including the launch of a new direct lending platform in December 2023,” the credit union said. “In June 2025 alone, Alliant served 236 households and closed $145.7 million in mortgage loans, representing the single largest monthly volume in the credit union’s direct lending history.”
By comparison, during the same six-month period in 2024, Alliant reported it served 533 households and closed $243.2 million in production. June 2024 totals included 127 households served and $63.7 million in loans originated.
New Elements
According to Alliant, the performance surge stems from the completion of several key elements in its mortgage transformation strategy, including:
- Launch of a new direct lending platform designed to streamline new member onboarding, the loan application, approval and closing process.
- Implementation of a new loan origination system, enabling a single system of record for all one-to-four family loan originations.
- Formation of an in-house mortgage operations team to better support member service and speed to close.
- Product expansion, including FHA, VA, doctor, and construction loans, providing more customized financing options for members.
- Enhancements to the residential secondary marketing desk, creating new opportunities for credit unions, banks, and investors nationwide.
- Deployment of an end-to-end digital mortgage experience, making the process seamless from application to funding.
‘Transformational Change’
“It is an honor to be part of a team that has embraced transformational change,” Dan Bauer, head of residential lending at Alliant, said in a statement. “Our strong momentum will allow us to build upon the progress made unleashing new opportunities to wow our members and do good for the members, colleagues and communities we serve.”
