Overview
What is First Alliance Credit Union?
First Alliance Credit Union is a member-focused financial institution with its headquarters at 300 N Main Street in Stewartville, Minnesota (ZIPCd 55976). The organization places significant emphasis on the needs of its members, going above and beyond to offer compassion, advice, and resources aimed at improving their financial well-being. With a team of 90 dedicated employees, the credit union operates based on cooperative principles, ensuring that all income generated is allocated towards operational expenses or redistributed to members through dividends or enhanced services. First Alliance Credit Union's mission is to promote financial success for its members.
Official website here: www.firstalliancecu.com
What do the Facebook reviews say about First Alliance Credit Union?
88% of 69 reviewers on Facebook recommend First Alliance Credit Union. Here is a summary of their reviews:
Many patrons express their appreciation for the credit union's commitment to helping individuals and businesses improve their credit situations. One reviewer highlighted their positive experience, noting that the credit union has gone above and beyond to support both personal and business financial needs. The ability to access credit lines, particularly during times when cash flow is tight, has been a significant relief for members who wish to maintain their workforce without interruption.
Overall, the sentiment reflects a high level of satisfaction among users who value the credit union's services and support. Many feel that First Alliance Credit Union truly delivers on its promises, providing trustworthy financial assistance and fostering a sense of reliability in their interactions.
This AI summary has been generated from reviews found on Facebook.
Is First Alliance Credit Union legitimate?
First Alliance Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Alliance Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,098,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,677,987
For more financial information, click here
Official website here: www.firstalliancecu.com
What is the mission statement of First Alliance Credit Union?
First Alliance Credit Union prioritizes its members' needs, focusing on compassion, guidance, and resources to enhance their financial well-being. As a financial cooperative, the organization ensures that all earnings are allocated towards covering operational costs or redistributed to members via dividends or services. The primary goal is to put members first and help them manage their finances effectively. The credit union offers various financial products and services, all aimed at promoting financial stability and growth for its members.
Official website here: www.firstalliancecu.com
Who is the CEO of First Alliance Credit Union?
Mike Rosek is the Chair of First Alliance Credit Union. The CEO's salary of First Alliance Credit Union is $270,604 and their total compensation is $354,937.
Official website here: www.firstalliancecu.com
What is the revenue of First Alliance Credit Union?
First Alliance Credit Union's revenue in 2022 was $16,521,407.
Official website here: www.firstalliancecu.com
Who are the executives of First Alliance Credit Union and what are their salaries?
The average compensation at First Alliance Credit Union during 2022 was $53,076. There are 90 employees and 11 volunteers at First Alliance Credit Union.
Here are 16 key members and their salaries (First Alliance Credit Union's CEO's salary is $270,604 and their total compensation is $354,937):
- Compensation: $1,869
- Related: $0
- Other: $0
- Compensation: $875
- Related: $0
- Other: $0
- Compensation: $322
- Related: $0
- Other: $0
- Compensation: $770
- Related: $0
- Other: $0
- Compensation: $714
- Related: $0
- Other: $0
- Compensation: $532
- Related: $0
- Other: $0
- Compensation: $518
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $270,604
- Related: $0
- Other: $84,333
- Compensation: $185,318
- Related: $0
- Other: $70,189
- Compensation: $185,425
- Related: $0
- Other: $63,512
- Compensation: $177,652
- Related: $0
- Other: $60,123
- Compensation: $107,079
- Related: $0
- Other: $39,980
- Compensation: $116,032
- Related: $0
- Other: $29,411
- Compensation: $102,278
- Related: $0
- Other: $16,802
- Compensation: $102,354
- Related: $0
- Other: $16,554
Official website here: www.firstalliancecu.com
Where can I find the form 990 for First Alliance Credit Union?
First Alliance Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstalliancecu.com
Learn more at the official website: www.firstalliancecu.com
Mission Statement of First Alliance Credit Union
First Alliance Credit Union, a member-focused financial cooperative, prioritizes the needs of its members above all else. In line with its mission, the credit union offers compassion, guidance, and resources geared towards promoting the financial well-being of its members. By putting members first, the credit union ensures that all income generated is used to cover operational expenses or is returned to members in the form of dividends or valuable services.
The First Alliance Credit Union team goes beyond the usual financial services by providing its members with essential resources and personalized attention. By focusing on the unique needs of each member, the credit union aims to build long-term, meaningful relationships. This member-centric approach fosters an environment of trust and financial stability, empowering individuals to take control of their financial futures.
Through its dedication to compassionate service and expertise, First Alliance Credit Union has become a trusted partner for its members. By placing their financial well-being at the forefront, the credit union has established a strong reputation for putting people first. This commitment to putting members' needs first sets First Alliance Credit Union apart from other financial institutions and reinforces its mission to promote financial stability and prosperity for all its members.
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Impact
October, 2024
First Alliance Credit Union significantly enhances the financial well-being of its members by prioritizing their needs with compassion and guidance. By offering tailored resources, they empower individuals to make informed financial decisions. Located in Stewartville, MN, the credit union is committed to a cooperative model, ensuring that all income generated is directed towards operational expenses or returned to members as dividends and enhanced services. This member-centric approach not only fosters a sense of community but also supports the overall stability and growth of its members' financial health.
This information is meant to be a general summary of First Alliance Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $864,916
- Program Service Revenue: $15,656,491
- Gross Receipts: $16,780,630
Assets and Liabilities:
- Total Assets: $288,094,542
- Total Liabilities: $262,855,469
- Net Assets: $25,239,073
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$10,426,786
Member Service Fees
Revenue
$4,394,356
Loan Income and Fees
Revenue
$473,760
Credit Card Income
Revenue
$361,589
Organization Details
Founding Year
1932
Phone
(507) 288-0330Principal Officer
Mike Rosek
Main Address
300 N Main Street, Stewartville, MN, 55976
Website
www.firstalliancecu.comNTEE Category
Code: W60 - Public benefit
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