Credit union · NCUA insured
First Alliance Credit Union
A $335M credit union headquartered in Rochester, MN, with 21,663 members and 5 branches in Minnesota. Best rates: CDs 4.25% and savings 1.10% APY.
First Alliance Credit Union Carrot Score
86
Carrot Score
Higher than 72% of U.S. banks and credit unions
#7 of 24 in Rochester, MN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About First Alliance Credit Union
Founded in 1932 in Rochester, Minnesota, First Alliance Credit Union originated when a school teacher and seven Rochester firefighters established Municipal Employees Credit Union.
The cooperative adopted its current name in 1996 and later expanded through takeovers and mergers of The Dairy Credit Union in 2012 and AE Goetze Credit Union in 2021.
Today, First Alliance Credit Union serves over 21,000 members across 14 southeast Minnesota counties.
- Headquarters
- 501 16th St SE, Rochester, MN 55904
- NCUA charter
- 62872
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Open to anyone who lives, works, does regular business, worships, attends school, or owns a business/entity in 14 southeast Minnesota counties.
Family and household
- Family members of existing members are eligible to join regardless of where they reside.
Other ways
- Open to those who donate a minimum of $10 to the First Alliance Credit Union Foundation.
Cost to join
- A share deposit of $5 is required to open an account.
Branches
5 branches in Minnesota
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Minnesota
5 branches
- 16th StreetMain office501 16th St SE, Rochester, MN 55904Directions
- Byron1011 Tompkins Dr NE, Byron, MN 55920Directions
- Lake City201 N 8th St, Lake City, MN 55041Directions
- Commerce Dr2483 Commerce Dr NW, Rochester, MN 55901Directions
- Stewartville300 Main ST N, Stewartville, MN 55976Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.95% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.19% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.92% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $87 | $76 | — |
- CapitalNet worth ratio9.95%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.19%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.92%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$87Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of First Alliance Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.