First Alliance Credit Union Rochester MN | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to First Alliance, your trusted partner in financial well-being, located at 501 16th St SE, Rochester, MN 55904. With a history dating back to 1932, we have proudly served our community for over nine decades, earning the trust of more than 20,569 members. Our commitment to providing exceptional service and innovative financial solutions has led us to accumulate total assets of $280,210,554 and maintain a net worth of $29,752,143. At First Alliance, we prioritize our members' needs. Whether you're looking for personal banking options like checking accounts or auto loans, or business services including merchant accounts and loans, we have something for everyone. Our total loans issued stand at 102,253, demonstrating our dedication to helping you achieve your financial goals. Our team, led by CEO Brent Rempe and Board President Jane Drennan, is here to support you every step of the way. We believe in building lasting relationships with our members and are dedicated to making a positive impact in the community. Our friendly staff is always ready to assist you during lobby hours from Monday to Friday, 9 AM to 5 PM, and on Saturdays from 8 AM to noon. While you can visit us directly at our branch for all your banking needs, please note that any official correspondence should be sent to our mailing address: 501 16th St SE, Rochester, MN 55904. If you're curious about how we can help you reach your financial aspirations or if you want to learn more about membership benefits, feel free to contact us at 507-288-0330 or explore our website at First Alliance. We look forward to welcoming you into our First Alliance family!

Branch History & Mission

At First Alliance, we take pride in our rich history that dates back to 1932. Founded in Rochester, MN, we have been a steadfast partner for our community for over 90 years. Our journey began with a simple yet powerful mission: to provide accessible financial services while uplifting those around us. As we grew, so did our commitment to helping members achieve their financial goals and improve their lives. Located at 501 16th St SE in Rochester, our branch is easily accessible to everyone in the area. Whether you're near the scenic Zumbro River or just passing through downtown, you'll find us ready to serve your banking needs. For any official correspondence, please send it to our mailing address at 501 16th St SE, Rochester, MN 55904. Over the years, First Alliance has evolved significantly. We currently serve over 20,500 members and manage total assets of approximately $280 million. Our dedication to growth allows us to offer a wide range of financial products and services tailored to meet the diverse needs of our community. From personal banking solutions like checking and savings accounts to auto loans and mortgage options, we strive to ensure that every member feels supported on their financial journey. Our mission is simple yet impactful: we aim to enhance the lives of our members by providing reliable financial services alongside community support initiatives. We believe that a strong community is built on trust and collaboration. That's why we actively participate in local outreach programs and partnerships that make a difference in people's lives right here in Rochester. In today's fast-paced world, we recognize the importance of digital advancements. First Alliance offers online banking and mobile payment options so members can manage their finances anytime, anywhere. Additionally, we are proud to maintain ADA compliance across all our services, ensuring everyone has access to what they need without barriers. Our branch features convenient amenities such as drive-thru banking and ATM availability for quick transactions. You can visit us during our lobby hours from Monday through Friday from 9 AM to 5 PM or utilize the drive-up kiosk from 7:30 AM to 6 PM on weekdays and from 8 AM to noon on Saturdays. At First Alliance, we invite you to join our family. Experience the benefits of being part of a credit union that prioritizes your well-being and invests in the future of our community. Reach out today at (507) 288-0330 or explore more about membership opportunities at First Alliance. Together, let's build a brighter tomorrow!

Branch Location & Accessibility

Call Us Today!

At First Alliance, we take pride in providing personalized service tailored to meet your needs. Feel free to give us a call at (507) 288-0330 if you have any questions or need assistance. We invite you to visit us soon and discover how we can help you with everything from personal banking to business services!

Convenient Operating Hours

Our lobby is open Monday through Friday from 9 AM to 5 PM, and we also have drive-thru services available from 7:30 AM to 6 PM on weekdays and 8 AM to noon on Saturdays. This flexibility ensures you can visit us at a time that suits your busy schedule.

Easy Accessibility Features

We understand the importance of accessibility. Our branch features ADA-compliant entrances and ramps, ensuring everyone can easily reach us. Plus, with both ATM availability and drive-thru banking options, accessing your funds is simple and quick.

Member Eligibility

At First Alliance, we believe that everyone deserves a chance to thrive in their financial journey. If you're looking to join a supportive community that puts its members first, you'll be glad to know that becoming a member is easy! Generally, eligibility is open to those who live, work, worship, or attend school in the local area. We also welcome family members of existing members, ensuring that our community continues to grow and support one another. For more specific details about membership criteria, feel free to check out our eligibility information at https://www.firstalliancecu.com/account-application-routing-credit-union-membership. Joining us means you gain access to a range of services designed to help you succeed whether it's checking and savings accounts, auto loans, or personalized financial guidance. To get started with opening an account, simply visit us at https://www.firstalliancecu.com/apply-today or give us a call at (507) 288-0330. We can't wait for you to become part of the First Alliance family at our convenient location: 501 16Th St Se Rochester Mn 55904!

Business Banking & Commercial Services

Business 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.

Merchant Services

Imagine running your business without worrying about payment processing. Our merchant services simplify transactions so you can focus on what matters most: serving your customers. From point-of-sale systems to online payment options, we equip you with tools that make accepting payments easier and more efficient. Located conveniently at 501 16Th St Se Rochester Mn 55904, Rochester, MN, we're ready to partner with you on your business journey. Contact us at (507) 288-0330 to learn more about how we can help your business thrive!

Comprehensive List Of Services

Auto Loans and Vehicle Financing

Thinking about purchasing a new car? Our Auto Loans & Vehicle Financing services are here to assist you every step of the way. We offer competitive rates and flexible repayment plans, making it easier for you to drive away in the vehicle of your choice without breaking the bank.

Business Banking

If you're a business owner, our Business Banking services cater specifically to entrepreneurs like you. From merchant services that simplify transactions to business loans that fuel growth, we're committed to supporting your success.

Credit Cards with Rewards

For those who enjoy earning rewards on their purchases, our Credit Cards with Rewards program offers great benefits. Use it for everyday expenses and watch your points accumulate. It's a simple way to get more from your spending while enjoying additional perks.

Digital Banking Convenience

In today's fast-paced world, having access to banking at your fingertips is crucial. That's why we offer robust Online & Mobile Banking platforms. You can check balances, pay bills, transfer funds, and even conduct person-to-person payments all from the comfort of your home or on the go! Plus, with our ATM & cash withdrawal services available 24/7, you'll never be far from accessing your money.

Drive-Thru and ATM Services

Need quick access for basic transactions? Our Drive-Thru Banking allows you to handle deposits and withdrawals without leaving your car. And if you prefer using an ATM, we've got that covered too offering basic access for withdrawals and balance checks when it suits you best. At First Alliance, we believe in making banking as straightforward as possible while being there for all our members' financial needs. If you'd like more information about any of these services or if you're ready to take the next step in achieving your financial goals, don't hesitate to reach out! Call us at (507) 288-0330 or visit us online at South Office. We're here for you!

Home Financing

If homeownership is on your mind, look no further than our Mortgage Loans & Refinancing options. Whether you're a first-time buyer or looking to refinance an existing mortgage, we have products designed to fit your unique situation. Our experienced team will guide you through the process so that you can make informed decisions.

Personal Banking

For those looking to manage day-to-day finances, our Personal Banking services include checking and savings accounts tailored for various lifestyles. Whether you're saving for a rainy day or planning a big purchase, our accounts come with features that make banking easy. Plus, if you find yourself needing extra funds, our Personal Loans & Debt Consolidation options provide flexible terms to help you regain control over your finances.

Digital & Online Banking

Key Features for Your Convenience

One of the standout features is our mobile application, available for download on your smartphone. This app allows you to manage your accounts right from your pocket! From making mobile payments to setting up person-to-person transfers, everything is designed to fit your busy lifestyle. Plus, you'll enjoy the convenience of electronic signature authorization for quick and easy transactions without the hassle of paperwork. Keeping track of your statements is also a breeze with our e-statements option. Say goodbye to cluttered mailboxes; you can view and download your statements securely online whenever it suits you.

Security You Can Trust

At First Alliance, we take security seriously. Our online banking system includes robust encryption and security measures to keep your data safe. You can bank with confidence knowing that your information is protected around the clock.

Stay Connected

Our commitment to accessibility means you're never far from your money or important account details. Whether you're using a desktop computer or our handy mobile app, managing your finances has never been easier. Explore all these features and more today by visiting https://www.firstalliancecu.com/. With First Alliance, you can enjoy modern banking solutions that fit seamlessly into your life!

Financial Strength

Growing Membership Base

Total Share Accounts: 41,244, showing a strong and growing member base that trusts us with their finances. This growth is an essential part of our mission to provide excellent service while maintaining robust financial health. 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 501 16Th St Se Rochester Mn 55904 or call (507) 288-0330 to learn more about how we can help you achieve your financial goals.

Investment in Member 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 offering $64,411 in used auto loans and $217,409,517 in total loans and leases helps us meet your needs across various sectors.

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 take pride in having 65 full-time employees and 2 part-time employees who are always ready to serve you with a knowledgeable, committed team.

Security for Your Savings

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.

Strong Financial Position

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 tailored to your needs, whether it's for a brand-new model or a reliable used vehicle.

Business Loans

For business owners, our outstanding commercial loans totaling $20,726,790 provide the capital needed to grow and expand. We understand the unique challenges faced by small businesses and strive to offer solutions that support your ambitions. No matter what you need financing for, our dedicated team is here to assist you through the application process. If you have questions about refinancing or would like more information on eligibility for any of our loan products, don't hesitate to reach out. You can contact us at 507-288-0330 during lobby hours: Monday through Friday from 9 AM to 5 PM and Saturday from 8 AM to noon. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We look forward to helping you find the right financial solution!

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 designed to enhance your everyday spending while providing a safety net for unforeseen expenses.

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 offer competitive rates and various terms that can fit different budgets. If you're considering refinancing your current mortgage, our team can help you explore eligibility options that could lower your monthly payments.

Loan Aggregator

Accurate Loan Comparisons

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 means that every offer you see is fair and transparent, giving you peace of mind when making your financial decisions.

Benefits of Using LendMesh

Using LendMesh comes with several important advantages: - Verified Data: All loan offers are sourced from legitimate financial institutions. This verification ensures transparency in the information presented. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions. Instead, the goal is to provide unbiased results that truly reflect the best available options. - Real-Time Rate Comparisons: The platform provides up-to-date loan rates from multiple institutions. This feature empowers users to make informed decisions quickly. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the effectiveness and reliability of this comparison tool. Explore your options today and compare real-time loan offers at LendMesh to 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