Alliant Energy's Credit Union Sees 158% Growth in Residential Lending Amid New Innovations
- Alliant Credit Union's Residential Lending grew 158% year-over-year, closing $628.8 million in mortgages from January to June 2025.
- The introduction of a new loan origination system and an in-house team enhanced operational efficiency and member responsiveness.
- Alliant offers diverse mortgage options and a digital experience, prioritizing member satisfaction and community support.
Alliant Credit Union Sees Transformational Growth in Residential Lending
Alliant Credit Union achieves remarkable mid-year results in its Residential Lending sector, fueled by a newly launched direct lending platform introduced in December 2023. From January to June 2025, the credit union serves 1,076 households and closes a staggering $628.8 million in first mortgage production. This represents a significant 158% year-over-year growth compared to the same period in 2024, during which 533 households were served, resulting in $243.2 million in loans. June 2025 marks a historic milestone for Alliant, as it records its largest closing month to date, assisting 236 households and completing $145.7 million in mortgage loans.
The impressive growth trajectory is attributed to strategic enhancements in Alliant's mortgage operations. Central to this success is the implementation of a new loan origination system that streamlines the processing of applications, thus increasing efficiency. Additionally, the establishment of an in-house mortgage operations team allows for greater control and responsiveness to member needs. The expansion of product offerings, including FHA, VA, Doctor, and Construction loans, further diversifies Alliant's portfolio, catering to various financial needs. The introduction of an end-to-end digital mortgage experience enhances both the application and funding process, significantly boosting member satisfaction and engagement.
Dan Bauer, Head of Residential Lending at Alliant, expresses pride in the team's ability to adapt to transformational changes that not only bolster performance but also create opportunities for deeper member engagement and community support. As Alliant moves into the second half of 2025, the focus shifts towards sustaining this growth momentum by continually refining its offerings to meet the evolving needs of its over 900,000 members. This proactive approach ensures Alliant maintains its status as a leading national digital financial institution, with assets totaling $20 billion.
In addition to its impressive lending results, Alliant Credit Union emphasizes the importance of member satisfaction and community impact. The credit union encourages individuals to explore its diverse mortgage offerings, which are designed to meet a wide range of financial needs. As the organization continues to innovate and expand its services, it remains committed to supporting its members and enhancing their financial well-being.