First Alliance Credit Union Lake City MN | Affordable Auto Loans & Top Checking

Introduction

Welcome to First Alliance, your trusted partner in financial well-being located at 201 N 8th St, Lake City, MN 55041. Since our establishment in 1932, we have proudly served our community with a commitment to member satisfaction and financial empowerment. With over 20,569 members and total assets amounting to an impressive $280,210,554, we are dedicated to providing personalized financial solutions tailored to your needs. At First Alliance, we understand that every member's journey is unique. That's why we offer a variety of services including checking and savings accounts, auto loans, mortgage financing, and credit cards with rewards. Whether you're looking to finance a new vehicle or consolidate debt, we've got you covered. Our team is here to support you every step of the way. In addition to our robust banking services, we're proud to report total deposits of $18,855,793 and a net worth of $29,752,143 demonstrating our strong financial foundation and stability. Our cash reserves of $3,606,493 ensure that we can meet your needs efficiently. We also facilitate a significant number of loans and leases totaling 102,253 to help our members achieve their dreams. While members can visit us at our branch address above for personal service, official correspondence should be sent to our mailing address: 300 Main ST N, Stewartville, MN 55976-1235. Our friendly staff is ready to assist you during lobby hours from Monday through Friday from 8:30 am to 4:30 pm. Leadership is key to our success. Under the guidance of CEO Brent Rempe and Board President Jane Drennan, First Alliance remains focused on community engagement and member-oriented service. With a dedicated team of 67 employees, we are committed to fostering a supportive environment where everyone feels welcome. We invite you to discover the difference at First Alliance! For any inquiries or assistance, don't hesitate to reach out by calling us at 507-288-0330. Visit our website at firstalliancecu.com for more information about how we can serve you better today!

Branch History & Mission

At First Alliance, we take pride in our rich history and our unwavering commitment to serving the Lake City community. Founded in 1932, our branch has been a cornerstone of financial support and growth for over 90 years. With a total membership of 20,569, we've built lasting relationships that empower our members to achieve their financial goals. Located at 201 N 8th St, Lake City, MN 55041, our branch stands as a beacon of trust and reliability. We are conveniently situated near local landmarks, making it easy for you to visit us. While members can come directly to our branch, any official correspondence should be sent to 300 Main ST N, Stewartville, MN 55976-1235. Our mission is simple yet profound: to provide exceptional financial services while fostering community well-being. At First Alliance, we believe that banking is about more than just transactions; it's about building connections and supporting one another. We offer a variety of services including personal banking accounts, auto loans, mortgages, and business banking solutions designed to meet the diverse needs of our members. As we continue to grow and adapt, we've embraced digital advancements that enhance your banking experience. Our online and mobile banking platforms allow you to manage your finances anytime and anywhere. Plus, with features like electronic signatures and mobile payments, we're making banking easier for you. Community outreach is at the heart of what we do. We actively engage in partnerships that uplift local initiatives and support those in need. By investing in community programs, we aim not only to help our members but also to contribute positively to the environment around us. Our commitment extends beyond just financial services; we strive for ADA compliance ensuring everyone can access our resources comfortably. Whether you're visiting us during lobby hours from Monday through Friday from 8:30 am to 4:30 pm or utilizing our ATM services available on-site, we're here for you. As we look towards the future with total assets reaching $280,210,554, we invite you to become part of our legacy. Join First Alliance today and discover how we can assist you on your financial journey. Experience the benefits of being part of a community-focused credit union dedicated to your success! For inquiries or assistance, feel free to contact us at 507-288-0330. Let's work together towards a brighter financial future!

Branch Location & Accessibility

Call to Action

We invite you to visit us at First Alliance today! For any questions or assistance before your visit, feel free to give us a call at 507-288-0330. Experience the personal touch of community banking with us!

Operating Hours

We're here for you Monday through Friday from 8:30 am to 4:30 pm. We understand that life can be busy, so we aim to provide convenient hours for all of your banking needs.

Services Offered

First Alliance offers a wide range of services designed to meet your financial needs. From personal banking options like checking and savings accounts to loans for vehicles and homes, we have something for everyone. Need cash? Our ATM is readily available for quick withdrawals and balance checks. While we don't have drive-thru service at this location, our friendly staff is always ready to assist you inside the branch. Whether you're opening a new account or discussing loan options, you'll find our team welcoming and knowledgeable.

Member Eligibility

At First Alliance, we believe that joining our community is about more than just banking; it's about being part of a supportive family. Becoming a member is easy, and we're excited to welcome you! If you're living, working, or worshiping in the area, or if you have family members who are already part of our credit union, you're likely eligible to join us. This means you'll gain access to personalized financial services designed to help you thrive. You can learn more about the specific eligibility criteria by visiting https://www.firstalliancecu.com/account-application-routing-credit-union-membership. Once you're ready to take the next step, opening an account is a breeze! Just head over to https://www.firstalliancecu.com/apply-today for a simple application process that puts you on the path to enjoying all the benefits of membership at First Alliance. If you have any questions or need assistance, don't hesitate to call us at (507) 288-0330. We can't wait to welcome you into our community at 201 N 8Th St Lake City Mn 55041!

Business Banking & Commercial Services

Merchant Services that Matter

In addition to loans, our merchant services offer practical benefits that can streamline your operations. Imagine having the ability to accept payments easily and securely, allowing you to focus on what you do best running your business. From point-of-sale solutions to online payment processing, we've got your back. Located at 201 N 8Th St Lake City Mn 55041 in Lake City, MN, we invite you to visit us or give us a call at (507) 288-0330. Let's work together to take your business to new heights!

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

Accessibility at Your Fingertips

Our ATM services ensure that cash withdrawal is convenient and accessible whenever you need it. You can perform basic ATM functions like withdrawals and balance checks without hassle. To learn more about how First Alliance can assist you with all these services and more, feel free to reach out! Call us at 507-288-0330 or visit our website at firstalliancecu.com. We're here to provide the financial solutions you need for today and tomorrow!

Business Banking Solutions

If you own a business or are considering starting one, our business banking services are designed to support you. We provide merchant services that streamline payment processing and business loans that can help you grow. Having the right financial tools is crucial for any entrepreneur, and we're committed to being your partner in success.

Embrace Digital Banking

In today's fast-paced world, convenience is key. That's why First Alliance has invested in online and mobile banking features that allow you to manage your accounts from anywhere. You can easily check balances, transfer funds, or pay bills with just a few clicks. With mobile payments available and easy access through our app, banking has never been more straightforward.

Personal Banking Made Easy

For our individual members, First Alliance offers a robust selection of personal banking options. You can choose from various checking and savings accounts that cater to your lifestyle. Need to finance your dream car? Our auto loans and vehicle financing options make it simple and affordable. If you're looking to buy a home or refinance your current mortgage, we have mortgage loans tailored just for you. Additionally, our personal loans can assist with debt consolidation or any unexpected expenses.

Rewarding Credit Options

Credit cards can play an essential role in managing finances, and at First Alliance, we offer credit cards with rewards that can help you earn while you spend. Imagine using your card for daily purchases and getting rewards back it's a win-win!

Digital & Online Banking

Accessible Anytime, Anywhere

No more rushing to the bank before closing time! Our digital banking solutions ensure that you can handle everything from paying bills to checking account balances at your convenience. With user-friendly navigation and real-time updates, you'll always stay informed about your financial status. Join us at First Alliance and discover how easy it is to take charge of your finances through our comprehensive digital banking services!

Key Services for Your Convenience

Explore our online banking platform at https://www.firstalliancecu.com/ where you'll find a suite of features that make banking effortless. Need to check your balance or transfer money? With 24/7 online banking services, you can manage your accounts whenever it suits you. Whether you're at home or on the go, our mobile application provides easy access to all your banking needs.

User-Friendly Features

Security is a top priority for us. That's why we offer electronic signature authorization, allowing you to sign documents securely from anywhere. Plus, with e-statements available, you can keep track of your transactions without the clutter of paper statements saving both time and trees! For those moments when you need to send money quickly, our person-to-person transfer feature allows you to easily send cash to friends and family in just a few taps. And if you're out shopping, take advantage of our mobile payments feature for quick and secure transactions right from your smartphone.

Financial Strength

Continuous Investment in Growth

With $27,026,229 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This strategy allows us to adapt and grow while maintaining the trust you've placed in us.

Dedicated Team Support

We also take pride in having 65 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. We believe that great service starts with great people who care about your success.

Growing Membership Base

Total Share and Deposit Accounts: 41,244, showing a strong and growing member base that trusts us with their finances. This growth is a testament to the value we provide every day. 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 201 N 8Th St Lake City Mn 55041 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.

Lending Capabilities

With $64,411 in used auto loans and $217,409,517 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Whether you're looking to purchase a vehicle or need financing for another project, we are here to assist you.

Member-Focused Approach

Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our focus is always on what best serves our members' interests.

Operational Efficiency

Our $1,643,962 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. The strength of our operations ensures that you receive the best possible service every time you engage with us.

Secure Savings Options

Members' savings are secured through $35,691,985 in share certificates and $63,101,659 in money market shares, offering stable and rewarding financial growth opportunities. This commitment to safeguarding your funds sets us apart from traditional banks.

Strong Financial Health

With a net worth of $29,752,143, we maintain strong financial health, allowing 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.

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 financing options for both new and used vehicles to fit various budgets. Plus, if you're considering refinancing your current auto loan for better terms or rates, we can help with that too!

Business Financing

For business owners looking to expand or invest in new opportunities, we also offer outstanding commercial loans totaling $20,726,790. These loans provide the capital needed for growth and development within your business. At First Alliance, our goal is to support your financial journey with tailored lending solutions. If you're interested in exploring eligibility options or applying for a loan today, visit us online at First Alliance or stop by our branch during lobby hours from Monday to Friday between 8:30 am and 4:30 pm. 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 path to financial success!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $29,807,069, making buying or refinancing simple. We know that securing a mortgage can feel overwhelming, but our dedicated team is here to guide you through every step of the process.

Unsecured Credit Card Loans

Managing daily expenses can be easier with our flexible unsecured credit card loans. We currently have a total of $8,966,004 in unsecured credit card loans helping members manage their finances effectively. This option allows you to make purchases without worrying about immediate repayment while enjoying rewards on your spending.

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Real-Time Rate Comparisons

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First Alliance