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  4. First Alliance Credit Union
EIN 41-0429399

First Alliance Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
84
City
Stewartville
State
Minnesota
Year formed
1932
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
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
$20,652,686
2023
Total expenses
$18,126,917
2023
Total assets
$282,573,969
2023
Num. employees
84
2023

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 checking and cash handling services to members.

Personnel at First Alliance Credit Union

NameTitleCompensation
Brent RempePresident and Chief Executive Officer$129,264
Mark HettingerExecutive Vice President and Chief Operating Officer$66,964
Valerie MathiasController$207,730
David SchoutenSenior Vice President and Chief Information Officer$72,474
Andrea AllenChief Revenue Officer$118,569
...and 14 more key personnel

Financials for First Alliance Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$19,578,655
Investment income and dividends$922,582
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$151,449
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$20,652,686

Form 990s for First Alliance Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-10990View PDF
2022-122023-04-25990View PDF
2021-122022-04-26990View PDF
2020-122021-06-04990View PDF
2019-122021-06-08990View PDF
...and 12 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$6,860,848
Ideal Credit UnionWoodbury, MN$48,171,673
Leading Edge Credit UnionWorthington, MN$7,569,554
Associated Healthcare Credit UnionWoodbury, MN$6,129,567
Financial One Credit UnionColumbia Heights, MN$11,270,296
Greater Community Credit UnionDawson, MN$8,742,446
Red Wing Credit UnionRed Wing, MN$6,740,657
Minnco Credit UnionCambridge, MN$22,040,179
Data update history
August 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 13, 2024
Updated personnel
Identified 3 new personnel
July 24, 2024
Used new vendors
Identified 4 new vendors, including , , , and
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 3 new personnel
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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