Overview
What is First Alliance Credit Union?
First Alliance Credit Union is a member-focused financial institution with its headquarters at 300 N Main Street in Stewartville, Minnesota (ZIPCd 55976). The organization places significant emphasis on the needs of its members, going above and beyond to offer compassion, advice, and resources aimed at improving their financial well-being. With a team of 90 dedicated employees, the credit union operates based on cooperative principles, ensuring that all income generated is allocated towards operational expenses or redistributed to members through dividends or enhanced services. First Alliance Credit Union's mission is to promote financial success for its members.
Official website here: www.firstalliancecu.com
Is First Alliance Credit Union legitimate?
First Alliance Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Alliance Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,098,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,677,987
For more financial information, click here
Official website here: www.firstalliancecu.com
What is the mission statement of First Alliance Credit Union?
First Alliance Credit Union prioritizes its members' needs, focusing on compassion, guidance, and resources to enhance their financial well-being. As a financial cooperative, the organization ensures that all earnings are allocated towards covering operational costs or redistributed to members via dividends or services. The primary goal is to put members first and help them manage their finances effectively. The credit union offers various financial products and services, all aimed at promoting financial stability and growth for its members.
Official website here: www.firstalliancecu.com
Who is the CEO of First Alliance Credit Union?
Mike Rosek is the Chair of First Alliance Credit Union. The CEO's salary of First Alliance Credit Union is $270,604 and their total compensation is $354,937.
Official website here: www.firstalliancecu.com
What is the revenue of First Alliance Credit Union?
First Alliance Credit Union's revenue in 2022 was $16,521,407.
Official website here: www.firstalliancecu.com
Who are the executives of First Alliance Credit Union and what are their salaries?
The average compensation at First Alliance Credit Union during 2022 was $53,076. There are 90 employees and 11 volunteers at First Alliance Credit Union.
Here are 16 key members and their salaries (First Alliance Credit Union's CEO's salary is $270,604 and their total compensation is $354,937):
- Mike Rosek (President/Ceo/Treasurer)
- Mark Hettinger (Evp/Coo)
- Valerie Mathias (Svp Finance/Cfo)
- David Schouten (Svp It/Cio)
- Andrea Allen (Director Of Lending)
- Lisett Comai-Legrand -Director (Of Sales And Member Experience)
- Nancy Hubber (Director Of Human Resources)
- Jeremiah Halloran (Director Of Digital Services)
- Theresa Hornberg (Chair) [Trustee/Director]
- Roberta Olson (Vice Chair) [Trustee/Director]
- Jane Drennan (Director)
- Rawhi Said (Director)
- Julian Currie (Director)
- Alan Michael Debolt (Director)
- Russell Hess (Secretary) [Trustee/Director]
- Hilary Stonelake-Curtis (Director (Partial Year))
Official website here: www.firstalliancecu.com
Where can I find the form 990 for First Alliance Credit Union?
The First Alliance Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.firstalliancecu.com
Learn more at the official website: www.firstalliancecu.com
Mission Statement of First Alliance Credit Union
First Alliance Credit Union, a member-focused financial cooperative, prioritizes the needs of its members above all else. In line with its mission, the credit union offers compassion, guidance, and resources geared towards promoting the financial well-being of its members. By putting members first, the credit union ensures that all income generated is used to cover operational expenses or is returned to members in the form of dividends or valuable services.
The First Alliance Credit Union team goes beyond the usual financial services by providing its members with essential resources and personalized attention. By focusing on the unique needs of each member, the credit union aims to build long-term, meaningful relationships. This member-centric approach fosters an environment of trust and financial stability, empowering individuals to take control of their financial futures.
Through its dedication to compassionate service and expertise, First Alliance Credit Union has become a trusted partner for its members. By placing their financial well-being at the forefront, the credit union has established a strong reputation for putting people first. This commitment to putting members' needs first sets First Alliance Credit Union apart from other financial institutions and reinforces its mission to promote financial stability and prosperity for all its members.
Impact
This information is meant to be a general summary of First Alliance Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
First Alliance Credit Union's impact is centered around placing its members' needs first by providing compassion, guidance, and resources to promote their financial well-being. This financial cooperative in STEWARTVILLE, MN, pays interest and dividends on the amounts deposited by its members, ensuring that all income is utilized to pay operating expenses or returned to members in the form of dividends or services. This approach underscores the Credit Union's commitment to serving the public benefit and enhancing the financial stability of its members.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$10,426,786
Member Service Fees
Revenue
$4,394,356
Loan Income and Fees
Revenue
$473,760
Credit Card Income
Revenue
$361,589
Organization Details
Founding Year
1932
Phone
(507) 288-0330
Principal Officer
Mike Rosek
Main Address
300 N Main Street, Stewartville, MN, 55976
Website
www.firstalliancecu.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of First Alliance Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.