Is this a new wheel, or one you got with the grinder?
If it came with the grinder, do yourself a favor and toss it in the trash. No telling how it was handled prior to your ownership and exploding grinder wheels are a real thing.
If it's a new wheel, did you install the correct bushings for the shaft size?
First and foremost: learn how to "ring" a grinding wheel. It may save your life. There's no telling how a wheel was abused in the STORE, so I'd have equal trust in a new vs old wheel, with one caveat.
For inspecting a grinding wheel (off the machine!), follow these steps).
1) look all around the exposed surface of the wheel for visible cracks or signs of metal embedded in the wheel. Aluminum has a nasty habit of melting and forcing it's way into the abrasive, and when heated up by subsequent grinding operations, it can force a wheel to split. Yes, there are special wheels made for grinding aluminum, but they look very different, because they're shiny on the surface with binders and much less abrasive (they're more abrasive loaded plastic than bonded abrasive "stones").
2) support the wheel on a pencil and tap on the side near the edge with a hammer. It should ring like a bell (or crystal stemware). Any cracks at the circumference will make it thonk instead.
Once you have a verified uncracked wheel, pick out the bushings that get it to fit best on the arbor. If you're lacking them, you can roll up some paper or masking tape. They're only there to center the wheel temporarily until the flanges clamp it into place. Even a slightly off-center wheel can easily be balanced! That's because weight imbalance at the center (near the arbor) has far less influence on the balance than weight imbalance near the circumference. So you don't need a press fit here. Close is good enough.
Next, tighten the nut onto the wheel between the flanges, and spin it manually. Look closely at the sides of the wheel. They should run fairly true, even if the wheel is way off center, because the sides are held by the flanges. If the flanges are mounted on a ripped label, that's easily enough to add a wobble to the wheel that dressing cannot fix. A bent arbor would show up as a wobble, but it may be too small to easily see.
Lastly, dress the wheel to round with a star wheel dresser. Even if it started out round, and even if it seemed fine when you took it off, remounting it will change the center enough that it needs dressing again. It's like re-chucking something in a 3-jaw chuck in the lathe, and expecting it to remain on-center.