First Alliance Credit Union Rochester MN | Best Auto Loans & Mortgage Rates

Introduction

Welcome to First Alliance, your trusted financial partner located at 2483 Commerce Dr NW, Rochester, MN 55901. Since our establishment in 1932, we have dedicated ourselves to serving the community and providing valuable financial services to our members. With a robust membership of over 20,569 individuals and total assets amounting to an impressive $280,210,554, we are proud to be a cornerstone of financial support in Rochester. At First Alliance, we understand the importance of personal relationships and community impact. Our experienced team, led by CEO Brent Rempe and Board President Jane Drennan, is committed to delivering exceptional service tailored to your needs. Whether you're looking for auto loans, mortgages, or everyday banking solutions, we offer a wide range of services designed with you in mind. You can count on us for secure savings with total deposits reaching $18,855,793 and a net worth of $29,752,143. Our commitment extends beyond numbers; we believe in empowering our members through education and support. While members can visit us at our branch location for personalized service, official correspondence should be directed to the same address: 2483 Commerce Dr NW, Rochester, MN 55901. For any inquiries or assistance, feel free to reach out at 507-288-0330. Join us at First Alliance and experience a credit union that truly values its members. Explore more about what we can do for you by visiting our website at First Alliance Credit Union. We look forward to welcoming you!

Branch History & Mission

Community Commitment

We understand that a credit union thrives when its community does. That's why First Alliance actively engages in various outreach efforts aimed at supporting local businesses and individuals alike. We offer personalized services tailored to your needs whether you're applying for a mortgage or looking for business banking solutions. Our team is here to guide you every step of the way.

Join Us Today!

With convenient operating hours from Monday through Friday (8 AM - 5 PM) and Saturday (9 AM - Noon), as well as drive-thru services available during extended hours, we make banking easy for you. If you're ready to experience the benefits of membership with First Alliance, visit us or call us at 507-288-0330 today! Join us in building a brighter future together because at First Alliance, you're not just a member; you're part of our family.

Our Evolution

Since opening our doors, First Alliance has grown significantly, now serving over 20,500 members with total assets reaching an impressive $280,210,554. We pride ourselves on being more than just a credit union; we are a family dedicated to nurturing financial wellness in our community. As we've evolved, we have embraced digital advancements while ensuring our services remain accessible to everyone. From online banking to mobile payments, we strive to meet the needs of our modern members while staying true to our roots.

Our Mission

At the heart of First Alliance lies our mission: to provide exceptional financial services that enhance the lives of our members and contribute positively to the community. We believe in fostering growth not only through personal banking products like checking accounts and auto loans but also through community outreach initiatives that strengthen local ties. Whether it's sponsoring events or collaborating with local organizations, we are committed to making a difference. While you can visit us at 2483 Commerce Dr NW for all your banking needs, please direct official correspondence to the same address since our mailing address is identical.

Branch Location & Accessibility

Come Visit Us!

Whether you're looking to open a new account or need assistance with existing services, we're here for you. Feel free to give us a call at 507-288-0330 if you have any questions. We invite you to stop by First Alliance today we look forward to helping you achieve your financial goals!

Easy Access and Parking

Our branch offers ample parking space for all our members. Plus, we have ADA-compliant features to ensure everyone can access our services comfortably. If you prefer drive-thru banking, you're in luck! We provide drive-thru service for quick deposits, withdrawals, and simple transactions perfect for those on the go.

Operating Hours That Work for You

At First Alliance, we understand that life can get busy. That's why our lobby is open Monday through Friday from 8 AM to 5 PM and Saturday from 9 AM to noon. For those who want to bank outside regular hours, our Drive-Up Kiosk is available Monday through Friday from 7:30 AM to 6 PM and Saturday from 8 AM to noon.

Services Tailored for Your Needs

We offer a wide range of services designed just for you checking and savings accounts, auto loans, mortgage loans, personal loans, credit cards with rewards, and business banking solutions. Our ATM services are available as well, allowing you to withdraw cash or check your balance any time. While members can visit us at 2483 Commerce Dr NW, official correspondence should be sent to the same address as our mailing address remains unchanged.

Member Eligibility

At First Alliance, we believe that becoming a member means joining a supportive community where your financial goals can flourish. If you're looking to join us at our welcoming branch located at 2483 Commerce Dr Nw Rochester Mn 55901, you'll find that eligibility is designed to be accessible. We invite anyone who lives, works, worships, or attends school in Olmsted County to become part of our family. This is not just about banking; it's about being part of a community that cares. You can learn more about the specifics of our membership criteria by visiting https://www.firstalliancecu.com/account-application-routing-credit-union-membership. Opening an account with us is simple and straightforward. We're here to guide you through every step of the process so that you feel confident and excited about your new membership. Whether you want to take advantage of our personal banking services, auto loans, or credit cards with rewards, we're ready to assist you in achieving your financial dreams. To get started today, check out our account opening details at https://www.firstalliancecu.com/apply-today or give us a call at (507) 288-0330. We can't wait to welcome you into the First Alliance family!

Business Banking & Commercial Services

Commercial Loans Tailored for Growth

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.

Merchant Services That Make Transactions Easy

Imagine running a bustling cafe where customers expect quick service and easy payment options. Our merchant services can help you provide just that. From credit card processing to mobile payments, we equip you with tools that make transactions smooth and efficient. This means less time waiting for payments and more time focusing on what you do best serving your customers. If you're ready to explore how our services can elevate your business, visit us at 2483 Commerce Dr Nw Rochester Mn 55901 in Rochester, MN, or give us a call at (507) 288-0330. Let's work together to write the next chapter of your business success!

Comprehensive List Of Services

Additional Services for Your Needs

We also provide basic drive-thru banking services for quick transactions like deposits and withdrawals perfect for those busy days when you're on the go. And if you prefer using an ATM, we ensure easy access for all your cash withdrawal needs. At First Alliance, member satisfaction is at the heart of what we do. We invite you to explore these services further by visiting us at 2483 Commerce Dr Nw Rochester Mn 55901 or giving us a call at (507) 288-0330. Discover how we can assist you today! Ready to take the next step? Check out our website or apply online now through this link. Your journey toward better financial health starts here!

Business Banking Services

If you're a business owner, we haven't forgotten about you! Our business banking services, including merchant services and business loans, are designed to help your business grow. We know how essential it is for businesses to have reliable financial support, which is why we're committed to being your partner in success.

Credit Options Tailored for You

Sometimes life presents unexpected expenses, and that's where our personal loans and debt consolidation solutions come into play. These loans can help you manage your finances better, giving you peace of mind when it matters most. Plus, with our credit cards that offer rewards, every purchase can bring you closer to something special.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking features that allow you to manage your accounts from anywhere at any time. Whether it's checking balances, making transfers, or paying bills, everything is just a click away. Need cash? Our ATMs provide easy access for withdrawals and balance checks without the hassle.

Personal Banking Solutions

Our personal banking services are crafted to help you manage your everyday finances with ease. We offer checking and savings accounts that cater to different saving styles, ensuring your money works for you. If you're looking to buy a new car, consider our auto loans and vehicle financing options, which come with competitive rates and flexible terms. For those dreaming of owning a home, our mortgage loans and refinancing services make the process straightforward and stress-free.

Digital & Online Banking

Accessibility and Ease-of-Use

Our commitment to accessibility extends beyond traditional banking hours. With 24/7 online banking services available through Yes, you can access your accounts whenever it suits you best. Whether it's early morning or late at night, we are here for you. At First Alliance, we believe that banking should be simple and straightforward. Our user-friendly digital tools help you manage your money in real-time, giving you peace of mind knowing that you're always in control. Experience the ease of digital banking with us today!

Key Features

One of the standout features of our online banking is the option for electronic signature authorization. This allows you to complete transactions securely without the need for physical paperwork. Plus, with e-statements available, you can easily view your account statements online, reducing clutter and helping you stay organized. For those who prefer banking on-the-go, our mobile application offers an intuitive interface that makes managing your accounts a breeze. Whether you're making person-to-person transfers or utilizing our mobile payments feature to settle up with friends, everything is just a few taps away. And if you're worried about security, rest assured that we take your safety seriously.

Financial Strength

Growing Member Trust

Total Share and Deposit Accounts: 41,244, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $8,259,038. 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 2483 Commerce Dr Nw Rochester Mn 55901 or call (507) 288-0330 to learn more about how we can help you achieve your financial goals.

Member Savings Securely Managed

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. 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.

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. 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.

Reinvestment for Better Services

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. Our commitment to supporting your financial goals is reflected in our lending capacity; with $64,411 in used auto loans and $217,409,517 in total loans and leases, we are here to help you achieve your aspirations.

Solid 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 flexible terms and competitive interest rates to ensure you find a financing option that fits your budget.

Credit Lines

For those who need extra flexibility with their finances, our credit lines amounting to $144,174,574 provide an easy way to access funds when needed without the pressure of a fixed repayment schedule.

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 work with you through each step of the process to ensure your experience is smooth and straightforward.

Refinancing Options

If you're considering refinancing existing loans or exploring eligibility options for any of our products, we are here to help guide you through the process. Refinancing can often lead to lower payments or better loan terms tailored to your current financial situation. At First Alliance, we prioritize our members' financial well-being and strive to provide accessible solutions that empower you on your financial journey. For more information on our loan products or to apply today, visit us online at First Alliance or call us directly. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Unsecured 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. These cards come with benefits that can help you earn rewards while keeping your spending in check.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. This tool is designed to help consumers navigate their borrowing options with ease and confidence. LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This guarantees that users receive fair and transparent offers tailored to their needs. One of the key features of LendMesh is its commitment to transparency. All loan offers are sourced from legitimate financial institutions, ensuring that users can trust the data presented to them. Furthermore, LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results that empower users to make informed decisions. The platform offers real-time rate comparisons, allowing users to see up-to-date loan rates from multiple institutions. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial highlights how effective and user-friendly the platform is for those seeking competitive rates. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

First Alliance