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Alliant's Proposed Kaiperm Merger Would Increase West Coast Presence

CHICAGO -- Officials at $5.5 billion Alliant Credit Union say they're not worried about absorbing the loan losses of Oakland-based Kaiperm Federal Credit Union if their proposed merger goes through, because the seemingly odd couple makes a good match.

By Heather Anderson | Updated on July 01, 2008

CHICAGO — Officials at $5.5 billion Alliant Credit Union say they’re not worried about absorbing the loan losses of Oakland-based Kaiperm Federal Credit Union if their proposed merger goes through, because the seemingly odd couple makes a good match.

Alliant, which counted on United Airlines as its single sponsor until expanding to serve SEGs in 2000, is headquartered in Chicago, home to United Airlines. However, the credit union’s largest concentration of members is actually in California’s Bay Area, said Frank Weidner, senior vice president of member services.

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