First Alliance Credit Union
Credit Union in Rochester, MN
Welcome to First Alliance Credit Union! We're a member owned and controlled financial institution delivering personalized, competitive services that promote the economic well being of our present and future members. 1st Alliance Credit Union is a state chartered community credit union established in 1932. We're a not for profit financial institution that serves approximately 11, 000 members. It was the 1st credit union to be established in Rochester. We were originally chartered for the City of Rochester employees.
Home Loan Mortgages
read moreWhether you're ready to buy, build, or refinance your home we want you to feel confident about the process. That's why we offer a number of different mortgage options and terms, plus award-winning, expert advice to connect you with the right mortgage for you, your budget, and your home ownership goals. Mortgage loans have several costs associated with them that usually run between 2-5% of the loan amount, these are called closing costs. You don't technically have to have a down payment on your mortgage, but if you do have one you'll be showing lenders that you're financially prepared to buy a home.
Certificates of Deposit
read moreCertificates of Deposit (CDs) are great tools for saving your money and are simple to understand. You agree to keep your money on deposit at the credit union for a specific length of time. Then, we pay you an interest rate that is higher than our regular savings accounts, as a thank you! CDs can be used to save for both long and short-term financial goals! Opening an IRA Certificate of Deposit at First Alliance requires a minimum initial deposit of $500.00. We encourage you to discuss your goals with us so we can help you determine the best savings option for you.
Online & Mobile Banking
read moreGain access to your First Alliance Credit Union accounts and loans all day, every day with our free Online Banking. Enrollment takes less than 5 minutes. You can even enroll by downloading our Mobile Banking app! Managing your finances has never been easier. As a First Alliance Credit Union member, you'll gain access to your accounts and loans all day, every day with our free Mobile Banking app. Virtual meetings are a safe and secure way to meet outside of the branches while still offering the same face to face feeling as a in-person appointment.
Checking Accounts with First Alliance
read moreEveryone needs a checking account, what you don't need are the monthly fees that usually go with it. That's why we won't charge you any. Our checking accounts offer you financial control and convenience. We don't like seeing our members get stressed when they accidentally overdraw their checking accounts. So we offer several options to help you avoid the stress of a transaction not going through, no matter how big or small. When your funds come up short, we pay the transaction for you, for a small processing fee, so you never have to worry about a declined card when you're out buying groceries.
Affordable Auto Loans
read moreAt First Alliance Credit Union we offer financing for all kinds of vehicles, including new and used cars, trucks, motorcycles. Plus financing for recreational vehicles including campers, boats and ATV's and more. Our vehicle financing is available for a wide range of financial situations. Whether your credit is perfect or needs improvement, we will work with you to get you an affordable auto loan with 100% financing options and up to 72 month terms. Want to estimate your monthly car loan payment before you buy?
read moreWhen you are ready to open an account at First Alliance Credit Union, the first step is to open your Share Savings Account. From there, you're able to access all of our financial products and services, like all of these savings account options. We offer a wide variety of savings accounts to help you meet your unique savings goals and manage your money the way you want. Explore each of our savings accounts below and contact us with any questions. This account is called a Share Savings because the $5.00 you deposit into this savings account is similar to you buying a share of stock in our credit union.
read moreFirst Alliance offers three different types of Mastercard credit cards, each designed to help you meet your own unique financial goals. Explore your credit card options below. If you're not sure which is the best fit for you, we can help. No judgment, just guidance. For a limited time only, with a uChoose Rewards Card we are giving you an opportunity to layer up on bonus points and save money! Earn cool stuff or get cash back when you use the First Alliance Credit Union uChoose Rewards credit card.
read moreLooking for a simple solution to help you afford just about anything life hands you? Whether you're looking to finance a wedding, consolidate high interest debts, take a dream vacation, an emergency trip to the vet, or to catch up on bills - a personal loan or line of credit can make financing those moments more affordable and less stressful. We know you and your family may be feeling stressed, emotionally and financially due to the impacts of the pandemic. That's why we are now offering financial relief loans to help those affected financially by the pandemic and provide a little boost to relieve some financial stress.