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ALEC Promotional Rates

Rates As Low As 6.99% APR*

It’s your loan, we make it personal.

Whatever your plans are, an ALEC personal loan is a great option for the cash you need. Maybe you would like to take the vacation of a lifetime, start some home improvements, pay off high-interest debt, or make a special purchase. A special rate personal loan from ALEC is the answer.

  • Rates starting as low as 6.99% APR*
  • Loan amounts up to $100,000
  • Flexible terms for affordable monthly payments
  • No collateral required

Special rate available September 1st — October 31st, 2023. We make it easy to apply for your personal loan online, on the ALEC Mobile App, in person at any ALEC Service Center, 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.
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bring your money to ALEC and lock in a great rate.

An ALEC 15-Month Special Certificate features:

  • A guaranteed fixed rate of 5.25% APY* for 15 months.
  • A low $500 minimum to open the account. Money must be new to ALEC.**
  • Available as a traditional certificate, Individual Retirement Account (IRA) or Health Savings Account (HSA).
  • Automatically reinvested dividends for maximum compounding.

Have peace of mind knowing all ALEC Certificates are insured by American Share Insurance (ASI) up to $250,000 per account.

Open an ALEC 15-Month Certificate today by calling us 24/7 at 800.762.9988 or visiting any ALEC Service Center. But hurry! This is a limited time offer.

By members' choice, your deposits are insured by American Share Insurance up to $250,000 per account. This institution is not federally insured.
* APY = Annual Percentage Yield. The Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. $500 Minimum balance required. 
**Available for new money only. New money must be deposited from a source outside of ALEC; transfers between ALEC accounts will not qualify. 
A penalty may be imposed on an early withdrawal, which may reduce earnings. This account will renew to a twelve-month certificate at maturity. Offer may end at any time, at the discretion of the Credit Union or by September 30th, 2023.

get MORE from your savings with ALEC.

At ALEC, our mission is to improve your financial well-being. One of the ways we do this is by offering you some of the most competitive deposit rates in the area. When you move your savings to ALEC, you can earn up to 2.5x the national average in dividends.

See how your savings adds up at ALEC:

Deposits Chart

Bring your savings to ALEC and start enjoying higher dividends today. Open your deposit account online, by visiting any ALEC Service Center or calling 800.762.9988.

Ready to see how much more you can save when you bring your money to ALEC? Visit our Membership Advantage calculator to explore the annual savings you can earn with us!

* APY = Annual Percentage Yield. 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.
A penalty may be imposed on an early withdrawal of a Share Certificate. View our fee schedule.
1 National dividend rate shown accurate as of June 22, 2023, and is provided by the FDIC. Rates may change at any time. To view the current national averages as reported by the FDIC, please visit: https://www.fdic.gov/resources/bankers/national-rates/#footnote

variable rate certificates

ALEC Variable Rate Certificates offer highly competitive rates, currently at 4.90% 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
* 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 February 28, 2023, the rate is 4.75%. The rate floor is 0% APY.
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