First Alliance Credit Union, located at 501 16th St SE in Rochester, Minnesota, is a member-owned financial cooperative that operates as a nonprofit organization focused on serving local residents and employees of common bonds. Established to provide affordable financial services, the credit union emphasizes member participation in governance and decision-making, reflecting the cooperative model that aligns services with member needs rather than external profit motives.
Historically, credit unions like First Alliance emerged to offer accessible banking options within communities, prioritizing financial education, savings, and credit access for members. The organization typically provides core banking functions, including savings and checking accounts, loans, and routine financial services, while leveraging local ties to support economic stability. Its operational scope centers on member financial well-being, with a governance structure that involves member members in voting on key matters. Serving Rochester and surrounding areas, the credit union aims to sustain community financial resilience through cooperative principles and locally attuned service delivery.
Better than 54% of providers in Rochester
In addition to the primary service, First Alliance Credit Union also offers:
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First Alliance Credit Union is a verified financial service provider. This means we have confirmed their business information, contact details, and they have received customer reviews. You can trust this provider for your financial needs.
Find answers to common questions
First Alliance Credit Union is listed as a financial service provider in Rochester, MN and must follow both state and federal regulations that apply to this type of business. As with any financial provider, you should review the agreement carefully before signing, make sure you understand all fees and repayment terms, and only use official contact details from this page or the company's own website. Avoid sharing personal or payment information with anyone who contacts you unexpectedly and, if something seems unclear, ask First Alliance Credit Union to explain the terms in writing before you proceed.
To improve your chances of getting better terms from First Alliance Credit Union, be prepared with accurate information about your income, existing debts, and the amount you really need to borrow. If possible, check your credit history in advance, avoid late payments on other accounts, and consider offering collateral if the product allows it, as stronger overall finances can help you qualify for more favorable rates or fees. It's also a good idea to compare First Alliance Credit Union with other providers in Rochester and to ask directly about any current promotions, loyalty benefits, or ways to reduce the total cost of your loan.
First Alliance Credit Union has a rating of 4.2, which is better than 54% of providers in Rochester.
Requirements can vary by product, but for most visits you should be ready to bring a valid government-issued ID, proof of income (such as recent pay stubs or bank statements), and proof of address like a utility bill or lease. If you are applying for a title or secured loan, you may also need the vehicle title, registration, and insurance details, along with any other documents First Alliance Credit Union requests. It is always best to call ahead using the phone number on this page so First Alliance Credit Union can confirm exactly which documents you need for your specific situation.
In addition to its primary service, First Alliance Credit Union also offers: Credit union, ATM, Bank, Financial institution, Mortgage lender.