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ALEC Promotional Rates

make your dream home a reality.

Unlock your home's potential and more! A Home Equity Line of Credit (HELOC) is an easy and affordable way to finance any plans you’ve made. Set up your HELOC today and have a flexible financing option to borrow cash against the equity in your home. Use it to pay for almost anything – the possibilities are endless!

Put your plans into action with a special 4.99% APR** intro fixed rate for the first 12 months.

  • Upgrade, remodel, repair and add-on to your home
  • Take that long-awaited dream vacation
  • Fund major life events like a wedding or college tuition Consolidate and pay off high interest debt
Be entered to win a $500 Home Depot® gift card^ when you apply.

Apply for a new HELOC at ALEC before May 31st and you’ll automatically be entered to win.

Click, Call Or Come By To Apply. We make it easy to apply for your HELOC at alecu.org, on the ALEC Mobile App, in person at any ALEC Branch or by calling 800.762.9988.

*APR = Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term and other factors. Not all applicants will qualify for our lowest rates. Rates can change daily. Home Equity Loans/Lines are available in Illinois, Ohio, Wisconsin, and Minnesota only and limited to owner occupied properties. Applicant will be responsible for closing costs up to $500 for fees that include appraisal, title insurance and recording fees. For loans that have a closing cost of less than $500 the applicant will pay the amount of the costs. For loans that have a closing cost of more than $500, the applicant will pay $500. Property insurance is required. Minnesota applicants are responsible for a mortgage registration tax. The 4.99% introductory fixed APR is for the first 12 months for home equity lines of credit up to $2,000,000 at 80% combined loan-to-value.
**After the introductory period, the APR will be variable based upon The Wall Street Journal prime rate, but will never be more than 18% or less than 4.00%. As of March 31st, 2025, the Prime Rate is 7.50%. The rate floor is 4.00%. Your APR will be based on several factors, including your credit history, loan-to-value ratio and lien status. A $5,000 minimum initial draw is required. NMLS# 421478
^Sweepstakes begins April 1st, 2025 and ends May 31st, 2025. No purchase or loan advance necessary to enter or win. Purchase does not increase your chances of winning. Limit one automatic entry per member household. Click here for complete sweepstakes rules.
apply online
Enjoy fast and simple financing on new and used autos

great rates that will put you in the driver's seat.

Find the right vehicle loan, every time with ALEC. Flexible terms, competitive interest rates, and rapid approval. ALEC can help finance whatever your car goals are.

ALEC Auto Loans feature:
  • Rates as low as 4.49% APR* on new autos up to 60 months and 4.74% APR* on used autos up to 72 months.
  • Great rates on other terms
  • Better than dealer pricing on auto loan protection products
  • Fast approvals when you apply online
  • Up to 0.50% discount off our current rates1
  • Easy payment methods and no prepayment penalty

Apply online or through the ALEC Mobile app. You can also visit an ALEC Branch or call us 24/7 at 800.762.9988.

*APR = Annual Percentage Rate. All loans subject to credit approval. Your actual APR depends on credit history. Advertised rates valid on New Auto Loans up to 60 months and on Used Auto Loans up to 72 months applied for beginning April 1st and closed by April 30th, 2025.
1Disclosed rate includes ALEC’s 0.50% APR discount. ALEC members will automatically earn a 0.50% APR discount if they are new members applying for a loan within the first 60 days of membership OR if they are a returning ALEC loan member. Existing members that do not meet the above criteria earn 0.50% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements. Maximum financing up to 125% MSRP for qualified borrowers.
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new member incentive

Up to $300 for new members.

As the credit union that exists exclusively for Abbott and AbbVie employees, ALEC is all about helping you improve your financial life. How? By ensuring you and your family make the most of your time and money with financial benefits and personalized service no bank can touch.

  • $300* in new member incentives
  • 24/7 member service
  • 30,000+ surcharge-free ATMs nationwide
  • 0% introductory APR** on any ALEC Visa Card

Become a member today. Contact us 24/7 at 800.762.9988, visit any ALEC Branch, or click the apply button.

* To receive the incentive, open a new ALEC membership and a checking account, establish a $500 monthly direct deposit within 90 days of account opening and sign up for E-Statements. ALEC Rewards Checking account will receive $300. ALEC Free Checking will receive $50. Only memberships in good standing will be credited once the activity is verified.
**APR = Annual Percentage Rate. 0% APR on purchases is valid the first 12 months the account is open. Rate then reverts to assigned variable account rate. All credit cards subject to approval. Limit one incentive per first-time member. Offer valid on new memberships opened from January 1st, 2025 – December 31st, 2025.
Apply today

variable rate certificates

ALEC Variable Rate Certificates offer highly competitive rates, currently at 4.35% APY* and vary on a monthly basis with the 13-week U.S. Treasury Bill (Index + 0.15%)**. Variable rate certificates can benefit from rising interest rates, even if there’s a chance that rates could also go down. But compared to traditional savings and money market accounts, ALEC Variable Rate Certificates typically offer a higher rate of return. 

ALEC Variable Rate Certificates feature:
  • $500 minimum to open the account
  • Available as a traditional certificate, IRA or HSA
  • Term of 24 months
  • Dividends tied to the U.S. Treasury Bill paid monthly
  • Automatically reinvested dividends for maximum compounding

Open a certificate today by calling us at 800.762.9988 or stop by any ALEC Branch.

* The Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. The nominal rate is the rate used to calculate the monthly dividend.
** The “Index” is the 13-week Treasury Bill rate posted in the Money rates section of the Wall Street Journal on the last business day of the previous month. As of January 1st, the rate is 4.195%. The rate floor is 0% APY.

Explore more great rates and products!

Rates

Compare the most current rates on all the ALEC products.

Certificates

Earn a better rate of return with an ALEC Certificate of Deposit.

HELOC

Borrow what you need, when you need it, using your home’s equity to establish a flexible line of credit.

Auto Loans

Purchase a vehicle with flexible terms, fast approval, excellent service, and great low rates.

Have questions? We are here to help!

Contact Us Online

Visit a Branch

Call 800.762.9988