First Alliance Credit Union

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A short history of First Alliance CU

Since its inception in 1932 the First Alliance Credit Union has been serving its members in the Rochester, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Michael Rosek, the First Alliance CU has grown its membership to over 14,361 with assets of more than $171,351,117. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (507) 288-0330 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Rochester, MN.

General Information For First Alliance CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62872
Address 320 Alliance Pl NE 
City Rochester 
State Minnesota 
Zip-Code 55906
Phone Number (507) 288-0330
Fax Number (507) 280-8329
Email Address:
CEO/President Michael Rosek
Members 14,361 
Full-Time Employees 44 
Part-Time Employees
Number of Branch Offices
Total Assets 171,351,117 

Compare First Alliance Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Mayo Employees CU Florida Branch Office 4500 San Pablo Rd S 32224 (904) 953-6366 No 7.81
Ae Goetze Employees CU Main Office 201 N 8th St 55041 (651) 345-5210 No 24.06

First Alliance Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

First Alliance Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.17 2.19 3.19 4.37 6.17
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 172 50 115 189 359
Rank Among All Minnesota Credit Unions 15 6 18 25 45

First Alliance Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.15 0.32 0.70 0.69
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 119 94 224 200
Rank Among All Minnesota Credit Unions 8 13 13 25 19
First Alliance Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.1702,7575,453,454
All Other Unsecured Loans/Lines of Credit 9.1802,82612,709,344
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.19060710,348,386
Used Vehicle Loans 3.1902,63828,205,512
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.37030738,290,248
Total Other Real Estate Loans/Lines of Credit 6.17048016,529,274
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.03065410,056,195
TOTAL LOANS & LEASES 10,269121,592,413

First Alliance Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 638,871,052193,329,855
    b. 15 Years or less 1028,769,928243,408,299
    a. > 15 years 366,281,15771,203,324
    b. 15 Years or less 8010,558,52791,388,000
Other Fixed Rate 253,802,30471,367,309
Adjustable Rate 1 yr or less 17,28028,180
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 731,856,400253,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 40714,672,874534,157,953
Open-End Fixed Rate 0000
TOTALS 78754,819,52212314,915,920


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 17,2808,180
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

First Alliance Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes