ALEC Email Format

Financial ServicesIllinois, United States51-200 Employees

ALEC is a member-owned financial cooperative operating in the financial services sector and based in Gurnee, Illinois. As a not-for-profit institution, it is owned by the individuals it serves rather than private investors or public shareholders. After covering expenses and maintaining required reserves, any remaining earnings are returned to members through lower loan rates, higher savings yields, reduced or eliminated fees, and more and better services. The cooperative emphasizes straightforward, transparent goals and consistent personal service for its members.

ALEC serves its members, who own the institution, with a focus on meeting diverse financial needs and supporting informed financial decisions. Within the financial services landscape, the not-for-profit cooperative model positions ALEC as a member-focused alternative to traditional for-profit lenders that prioritizes individuals over profits.

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