First Alliance Credit Union – 320 Alliance Pl
4.4
(160 reviews)
First Alliance Credit Union is a community-based financial cooperative with roots dating to 1932, founded by Rochester firefighters and a local schoolteacher to serve municipal employees in Rochester. Over the decades, its mission evolved from a city-employee credit union to a broader Southeast Minnesota community credit union serving multiple counties, including Olmsted, Dodge, Goodhue, Wabasha, and Winona.
Historically headquartered and centered in Rochester, the organization has expanded its presence with additional branches to support its growing membership while maintaining a focus on member-owned governance and cooperative principles. Its primary functions include offering savings and checking products, consumer lending, financial education, and community-oriented initiatives through its foundation, all aimed at promoting financial well-being among members.
As of recent years, First Alliance continues to position itself as a local alternative to larger institutions, emphasizing accessibility, member engagement, and community investment within its service area.
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Services this business provides
Credit union
ATM
Bank
Financial institution
Mortgage lender
Contact Information
Frequently Asked Questions about First Alliance Credit Union
Does First Alliance Credit Union have other locations in Rochester?
Based on our directory, this appears to be the only First Alliance Credit Union location in Rochester, Minnesota. However, First Alliance Credit Union may have additional branches in other cities or states. Contact the company directly or visit their website to confirm all available locations.
Can I contact First Alliance Credit Union online?
Yes, First Alliance Credit Union offers online contact options through their website. You can visit their website at firstalliancecu.com to access online services, customer support, or contact forms. Many financial institutions also provide email support, live chat, and mobile app options for customer inquiries.
How can I verify that First Alliance Credit Union is legitimate?
To verify First Alliance Credit Union's legitimacy, check if they are licensed with Minnesota's Department of Financial Services or Consumer Credit Division. Licensed lenders must display their license number and comply with state lending regulations. Verify their registration through the Nationwide Multistate Licensing System (NMLS) if applicable. Review their Better Business Bureau rating and check for any complaints filed with state consumer protection agencies. Legitimate lenders will provide clear terms, proper disclosures, and will not ask for upfront fees before processing your application.
What are the main requirements to work with First Alliance Credit Union?
Requirements to apply for a loan with First Alliance Credit Union typically include: proof of identity (government-issued ID), proof of income (pay stubs, tax returns, or bank statements), proof of residence, Social Security Number, and information about existing debts. Lenders will evaluate your credit score, debt-to-income ratio, employment history, and ability to repay. Some loans may require collateral or a co-signer. Minimum credit score and income requirements vary by loan type and lender. Contact First Alliance Credit Union directly to understand their specific eligibility criteria, as requirements can differ based on the loan product and your financial situation.