EIN 41-0429399

First Alliance Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
90
Year formed
1932
Most recent tax filings
2022-12-01
Description
First Alliance Credit Union places its members' needs first by providing compassionate guidance and resources to promote their financial well-being. As a financial cooperative, it uses all income to pay operating expenses or return it to members in the form of dividends or services. The credit union provides residential mortgage, home improvement, commercial, and other misc. loans to its members, as well as free checking and cash handling services through its programs.
Related structure
First Alliance Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$16,521,407
2022
Total expenses
$14,787,855
2022
Total assets
$288,094,542
2022
Num. employees
90
2022

Program areas at First Alliance Credit Union

Pay interest and dividends on amounts deposited by members.
Provide residential mortgage, home improvement, commercial, and other misc. loans to members.
Provide free checking and cash handling services to members.

Personnel at First Alliance Credit Union

NameTitleCompensation
Mike RosekPresident and Chief Executive Officer$270,604
Mark HettingerExecutive Vice President and Chief Operating Officer$185,318
Valerie MathiasSenior Vice President Finance and Chief Financial Officer$185,425
David SchoutenSenior Vice President It and Chief Information Officer$177,652
Jeremiah HalloranDirector of Digital Services$102,354
...and 7 more key personnel

Financials for First Alliance Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$15,656,491
Investment income and dividends$888,040
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-23,124
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,521,407

Form 990s for First Alliance Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-04-25990View PDF
2021-122022-04-26990View PDF
2020-122021-06-04990View PDF
2019-122021-06-08990View PDF
2018-122019-07-23990View PDF
...and 11 more Form 990s

Organizations like First Alliance Credit Union

OrganizationLocationRevenue
Co-Op Credit Union of MontevideoMontevideo, MN$13,722,372
Northridge Community Credit UnionHoyt Lakes, MN$6,267,768
Minnesota Power Employees Credit UnionDuluth, MN$5,060,015
Minnco Credit UnionCambridge, MN$18,225,983
Harbor Pointe Credit Union (DTCU)Duluth, MN$5,734,343
Anoka Hennepin Credit UnionCoon Rapids, MN$11,123,956
Financial One Credit UnionColumbia Heights, MN$11,270,296
Associated Healthcare Credit UnionWoodbury, MN$6,129,567
Red Wing Credit UnionRed Wing, MN$6,740,657
Greater Community Credit UnionDawson, MN$8,742,446
Data update history
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 3 new personnel
June 27, 2023
Used new vendors
Identified 2 new vendors, including , and
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 26, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
300 N Main St
Stewartville, MN 55976
Metro area
Rochester, MN
County
Olmsted County, MN
Website URL
firstalliancecu.com/ 
Phone
(507) 288-0330
IRS details
EIN
41-0429399
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1932
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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