First Alliance Credit Union Byron MN | Affordable Auto Loans & Business Banking

Introduction

Welcome to First Alliance, your trusted community credit union located at 1011 Tompkins Dr NE, Byron, MN 55920. Since opening our doors in 1932, we have proudly served over 20,569 members with a commitment to providing exceptional financial services tailored to your needs. With total assets exceeding $280 million, we are equipped to help you achieve your financial goals, whether it's through personal banking, auto loans, or business financing. At First Alliance, we believe in the power of community. Our team of 67 dedicated employees, led by CEO Brent Rempe and Board President Jane Drennan, works tirelessly to ensure that each member receives personalized service and support. We understand that every member's journey is unique, which is why we offer a range of products and services designed just for you from checking and savings accounts to mortgage loans and credit cards with rewards. While members can visit us at our Byron location for all your banking needs, official correspondence should be sent to the same address: 1011 Tompkins Dr NE, Byron, MN 55920. Feel free to reach out to us at (507) 288-0330 for any inquiries or assistance. Our strong financial foundation includes total deposits of $18,855,793 and a net worth of $29,752,143, ensuring that your money is secure with us. With a robust loan portfolio of over 102,253 loans and leases, we are here to support you in achieving your dreams whether that's buying a new car or expanding your business. At First Alliance, we're not just about numbers; we're about people. Join us as we continue to grow together as a community. Visit our website at First Alliance for more information about our services or to apply for membership today! We look forward to serving you!

Branch History & Mission

Welcome to the heart of our community First Alliance in Byron, MN. Since we opened our doors in 1932, we have been dedicated to serving our members with integrity and care. Over the years, we have grown from a small credit union into a trusted financial institution with a membership base of over 20,569 individuals. Our journey reflects not just our growth, but also our unwavering commitment to making a positive impact on the lives of those we serve. Located at 1011 Tompkins Dr NE, First Alliance is more than just a place to manage your finances; it's a hub for community engagement and support. We are proud to offer essential services such as personal banking, auto loans, mortgages, and business financing. Our mission is clear: to provide accessible financial services while fostering a sense of belonging and community among our members. At First Alliance, we believe that everyone deserves the opportunity for financial success. Our total assets now stand at an impressive $280,210,554, which allows us to better serve our members' needs through a range of products and services tailored just for them. Whether you're looking for checking accounts or mortgage refinancing, we are here to help you achieve your financial goals. We take pride in our modern facilities that are designed with accessibility in mind. Our branch features an ATM and drive-thru banking options for your convenience. For those who prefer online solutions, we offer digital banking services that include mobile payments and online account management. We strive to ensure that all members can access their finances easily and securely. As part of our commitment to community support, First Alliance actively engages in various outreach initiatives aimed at improving the lives of residents in Byron and surrounding areas. From partnering with local organizations to providing educational resources on financial literacy, we aim to empower every member of our community. While you can visit us at 1011 Tompkins Dr NE, official correspondence should be sent to the same address if necessary. If you have any questions or would like assistance, please don't hesitate to reach out at 507-288-0330. We invite you to join us at First Alliance and experience the difference of being part of a credit union that truly cares about its members and their community. Explore our offerings today and see how we can help you thrive financially!

Branch Location & Accessibility

Convenient Location

Situated just a stone's throw away from popular spots like the Byron Public Library and nearby parks, our branch is perfectly positioned for all your banking needs. With ample parking available, visiting us is hassle-free. Plus, our facility is ADA compliant, ensuring accessibility for everyone.

Get in Touch

We invite you to come visit us at our Byron location or give us a call at 507-288-0330 with any questions you may have. We're here to help! While members can visit us at 1011 Tompkins Dr NE, official correspondence should be sent to the same address as well. Join our community today and experience the personal touch of banking with First Alliance!

Operating Hours

We understand that life can get busy! That's why we offer flexible operating hours. Our drive-thru kiosk is open Monday through Friday from 7:30 am to 6 pm and Saturday from 8 am to noon. If you prefer to visit us inside, our lobby hours are Monday through Friday from 10 am to 5 pm.

Services Offered

At First Alliance, we offer a variety of services tailored to meet your needs. From personal banking solutions like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Need cash quickly? Our ATM is readily available for withdrawals and balance checks whenever you need it. Additionally, enjoy the convenience of basic drive-thru banking for deposits, withdrawals, and simple transactions without stepping out of your vehicle.

Member Eligibility

Becoming a member of First Alliance is like joining a caring family that's dedicated to your financial well-being. If you live, work, or worship in the area around 1011 Tompkins Dr Ne Byron Mn 55920, you're likely eligible to join us! We welcome individuals from various backgrounds and with different needs, ensuring everyone finds a place in our community. Not only will you gain access to personalized financial services and competitive rates, but you'll also be part of a cooperative that puts its members first. For more detailed information about eligibility, feel free to check out our guidelines at https://www.firstalliancecu.com/account-application-routing-credit-union-membership. When you're ready to take the next step, opening an account is simple! Visit us online at https://www.firstalliancecu.com/apply-today, or give us a call at (507) 288-0330 if you have any questions we're here to help!

Business Banking & Commercial Services

Practical Merchant Services

In addition to loans, our merchant services help businesses thrive. Imagine processing payments quickly and securely, giving your customers various payment options at checkout. Our services streamline transactions, enabling you to focus more on growing your business rather than managing payment hassles. Located conveniently at 1011 Tompkins Dr Ne Byron Mn 55920 in Byron, MN, we're here to support your business goals. Reach out at (507) 288-0330 to learn how we can partner with you for success!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $107 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $1 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $20,726,790, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM and Drive-Thru Services

Sometimes you need quick access to cash or need to perform simple transactions without stepping inside the branch. Our ATM and cash withdrawal services, along with basic drive-thru banking for deposits and withdrawals, provide that ease of access. Whether it's early morning or late afternoon, you can count on us to be there for your banking needs. If you're interested in learning more about how we can assist you or if you're ready to open an account, feel free to give us a call at 507-288-0330 or visit our website at First Alliance. Your financial journey starts here at First Alliance!

Business Banking

For local businesses, we provide comprehensive business banking services that include merchant services and business loans. We know that running a business involves many financial decisions, and we're here to support you every step of the way.

Digital Banking Features

In today's busy world, convenience is key. That's why we have invested in robust online and mobile banking features. With just a few taps on your smartphone or clicks on your computer, you can manage your accounts anytime, anywhere. Our services include mobile payments, e-statements, and person-to-person transfers making banking as simple as possible.

Loans and Financing

When it comes to financing important purchases, First Alliance has got you covered. Our auto loans and vehicle financing options make it easier than ever to drive away in the car of your dreams without breaking the bank. If you're considering buying a home or refinancing your existing mortgage, our mortgage loans come with flexible terms to suit your budget. For those unexpected expenses or consolidating debt, our personal loans offer straightforward solutions.

Personal Banking

We understand that managing finances can sometimes feel overwhelming. That's why we offer personal banking services that include checking and savings accounts designed to fit your lifestyle. Imagine having easy access to your funds while earning competitive interest rates this is what our accounts provide. You can also benefit from our credit cards with rewards, giving you something back every time you use them.

Digital & Online Banking

Key Services

Our online banking services at https://www.firstalliancecu.com/ provide you with 24/7 access to your accounts. You can check balances, transfer funds, and pay bills all from the comfort of your home or on the go. Plus, if you're looking for a quick way to send money to friends or family, our person-to-person transfer feature makes it simple and efficient. For those who prefer mobile banking, our mobile application is available for download, giving you the freedom to manage your accounts right from your smartphone. Whether you're making payments or checking statements, everything is just a tap away.

Security and Convenience

Security is a top priority at First Alliance. We utilize electronic signature authorization for added protection during transactions. You can also choose e-statements for quick access to your financial information without the clutter of paper statements. Additionally, if you're someone who loves using mobile payments, you'll be pleased to know that we support this feature as well. It makes shopping more convenient while keeping your financial details secure. In short, our digital banking solutions are designed not just to meet your needs but to exceed them. Experience real-time account management and enjoy the ease of banking with First Alliance where convenience meets security!

Financial Strength

At First Alliance, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that in today's world, having a reliable financial partner is essential, and we are proud to showcase our strong financial foundation. With a net worth of $29,752,143, we maintain robust financial health. This strength allows us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,060 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. We prioritize your savings by securing them through $35,691,985 in share certificates and $63,101,659 in money market shares. These options not only protect your funds but also provide stable and rewarding growth opportunities. Unlike traditional banks, we focus on benefiting our members; with non-member deposits at $0, our resources are directed towards providing you with better loan rates and exclusive perks. Our commitment to financial strength is further highlighted by our $27,026,229 in undivided earnings. This amount is reinvested into innovative banking tools, stronger lending options, and enhanced security measures to serve you better. Additionally, we support our members' dreams with $64,411 in used auto loans and $217,409,517 in total loans and leases. Our operational efficiency is reflected in our impressive $1,643,962, which allows us to keep offering competitive loan rates and solid financial products tailored for you. We also take pride in having 65 full-time employees and 2 part-time employees who are dedicated to serving you with knowledge and care. As a testament to the trust placed in us by our community, we proudly manage a total of 41,244, showcasing a strong and growing member base that relies on our services. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, First Alliance is your trusted partner. Visit us at 1011 Tompkins Dr Ne Byron Mn 55920 or call (507) 288-0330 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $57,710,528 in used vehicle loans and $22,026,140 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates that make it easier for you to drive away with the vehicle you want.

Business Loans

For business owners, our outstanding commercial loans totaling $20,726,790 provide the capital needed to grow and expand. Whether you're looking to start a new venture or boost an existing one, we can support your business ambitions.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $8,966,004 in loans helping members manage their finances effectively. Our credit cards come with rewards and benefits that can enhance your spending power while keeping your budget in check.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $29,807,069, make buying or refinancing simple. We offer a variety of mortgage products to fit your financial situation and help you secure the home of your dreams.

Refinancing Options

If you're considering refinancing any of your existing loans, our team is here to discuss eligibility options tailored just for you. We aim to find solutions that suit your financial circumstances and help reduce your monthly payments or overall interest costs. You can reach us at (507) 288-0330 or visit us at 1011 Tompkins Dr Ne Byron Mn 55920. For more details about our loan offerings and how they can benefit you, please visit our website at First Alliance. Remember that performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us partner with you on your financial journey!

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First Alliance