Overview / Commentary
First Alliance Credit Union is headquartered in Stewartville and is the 24th largest credit union in the state of Minnesota. It is also the 1,056th largest credit union in the nation. It was established in 1932 and as of June of 2022, it had grown to 71 employees and 19,705 members at 6 locations. First Alliance Credit Union has an A health rating.
Field of Membership Restrictions
First Alliance Credit Union is open to those who live, work, worship, own a business, or go to school in Dodge, Goodhue, Olmsted, Wabasha, or Winona counties.
See current membership details
Health
A
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62872 |
| Year Chartered | 1932 |
| Employees | 71 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 7.11% |
| Annual Interest Income | $5.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $272.8MM$255.4MM |
| Loans | Q2 2022vs Q2 2021 | $198.4MM$183.4MM |
| Deposits | Q2 2022vs Q2 2021 | $244.0MM$228.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $24.4MM$23.7MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.5MM$1.9MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.3MM$2.4MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |