The credit union we all know today as ALEC was initially created to offer a select group of individuals a greater choice of financial opportunities.

Granted its charter in March 1990, ALEC first opened its doors to the employees of Abbott Laboratories in October of that same year.

In our early years through 2001, ALEC Service Centers were located only at the AP30, AP6, AP22 and M1 locations. Since then, we’ve added four more service centers, providing even greater convenience for our members.

In 1992, our main office in Gurnee opened — a year in which we also enabled the family members of Abbott employees to join ALEC and enjoy the same exceptional perks as their relative.

Always looking to enhance our benefits and expand the reach of membership to others, we amended our charter in 2004 to allow employees, retirees and family members of Hospira to join ALEC, in 2009 to allow domestic partners to join — and did so again in 2013 to accommodate those same audiences at AbbVie.

Over the years, the size of our credit union family has consistently grown, and we’ve proudly fulfilled the vital financial needs of our members with an increasingly broader array of outstanding financial products and services.

Today, our credit union serves in excess of 31,000 members and is backed by the financial strength of nearly $700 million in assets.

As we commemorate our 25th year of serving members, we’re firmly focused on the promising future — ours and yours. We’ll continue to expand our diverse offerings to help ALEC members achieve their financial goals, save money, and enjoy their lives more fully.


User Ratings
GD Star Rating

HSA Program Features

FDIC or NCUA Insured:
Min Balance to Open:
  • Debit Card
  • Checks
  • Online Banking
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
All Balances 0.30% APY
Last checked on: 04-23-2018


Monthly Maintenance Fee Unknown
Account Opening Fee Unknown
Account Closing Fee Unknown

HSA Investment Options

Mutual Funds:    Self-Directed Brokerage:    CDs:    Other:

CDs Details

Click here to learn more about the certificate of deposits available for health savings accounts at ALEC.

Contact Information

General Information

Address 401 N. Riverside Drive, Suite 1-A
Gurnee, IL 60031-5915

Customer Service

Mailing Address ALEC
401 N. Riverside Drive, Suite 1-A
Gurnee, IL 60031-5915
Phone Number 800-762-9988

ALEC Discussion