Member Eligibility
At Membersalliance, we're excited to welcome you into our community! Becoming a member is not just about opening an account; it's about joining a supportive network that prioritizes your financial well-being. If you live, work, or attend school in the area, you're likely eligible to join us. We believe everyone deserves access to friendly service and helpful resources, so we invite you to check out the detailed eligibility criteria. Getting started is simple! Just swing by our branch located at 6951 Olde Creek Rd Rockford Il 61114, or give us a call at (815) 484-1160. Our team is here to guide you through the process of opening your account and answering any questions you might have. With Membersalliance, you'll enjoy personalized banking services that truly cater to your needs. Join us today and experience the difference!
Financial Strength
At Membersalliance, 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 you want to feel confident about where you put your money, and we are dedicated to ensuring your trust through our strong financial health. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $23,511,590, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 8.55% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $20,675,177 in share certificates and $26,100,449 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. Our commitment to your financial well-being is further reflected in our $21,495,227 in undivided earnings. We reinvest these funds into innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $79,984 in used auto loans and $176,006,079 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our operational efficiency shines through with a net income of $467,074, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 84 full-time employees and 2 part-time employees. This dedicated team ensures our branches are always ready to serve you with knowledge and commitment. Finally, net shares (funds available for lending and investments) stand at $711,305, while our total share accounts number 43,169, showcasing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Membersalliance is your trusted partner. Visit us at 6951 Olde Creek Rd Rockford Il 61114 or call (815) 484-1160 to learn more about how we can help you achieve your financial goals.
