FIRST ALLIANCE CREDIT UNION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: FIRST ALLIANCE CREDIT UNION (EIN 41-0429399)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-05-03
IRS object ID: 201711239349300016
Schema version: 2016v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-05-03T09:19:47-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	310 BROADWAY AVENUE S SUITE 300	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55904	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	410429399	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FIRST ALLIANCE CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FIRS	BusinessNameControlTxt
Phone	5072880330	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 ALLIANCE PLACE NE	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55906	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	VALERIE MATHIAS	PersonNm
Person Title	INTERIM PRESIDENT/CEO	PersonTitleTxt
Phone	5072880330	PhoneNum
Signature	2017-05-02	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DANIEL W EDWARDS	PreparerPersonNm
PTIN	P00043974	PTIN
Phone	5072886476	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	108.171.131.188	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-05-02	IPDt
IP Tm	11:17:32	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	F0762F06199A07E132F7E632A817E1E2BB8FF392	AtSubmissionCreationDeviceId
At Submission Filing Device Id	ED2AFCAB9FBD4A6D99907F4D9339665864137A82	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	VALERIE MATHIAS	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 ALLIANCE PLACE NE	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55906	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$11,596,217	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Group Exemption	6060	GroupExemptionNum
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.FIRSTALLIANCECU.COM	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Other Organization Dsc	COOPERATIVE	OtherOrganizationDsc
Formation	1932	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	FIRST ALLIANCE CREDIT UNION IS A MEMBER OWNED AND CONTROLLED FINANCIAL INSTITUTION PROVIDING PERSONALIZED, COMPETITIVE DEPOSIT AND LOAN SRVICES THAT PROMOTE THE ECONOMIC WELL-BEING OF OUR PRESENT AND FUTURE MEMBERS.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	68	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$4,280	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$7,459,058	PYProgramServiceRevenueAmt
CY Program Service Revenue	$8,500,865	CYProgramServiceRevenueAmt
PY Investment Income	$517,922	PYInvestmentIncomeAmt
CY Investment Income	$586,675	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$7,976,980	PYTotalRevenueAmt
CY Total Revenue	$9,087,540	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$973,877	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$1,032,349	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,898,690	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$3,144,720	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,355,229	PYOtherExpensesAmt
CY Other Expenses	$3,683,868	CYOtherExpensesAmt
PY Total Expenses	$7,227,796	PYTotalExpensesAmt
CY Total Expenses	$7,860,937	CYTotalExpensesAmt
PY Revenues Less Expenses	$749,184	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,226,603	CYRevenuesLessExpensesAmt
Total Assets BOY	$156,193,065	TotalAssetsBOYAmt
Total Assets EOY	$162,788,861	TotalAssetsEOYAmt
Total Liabilities BOY	$139,400,044	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$144,933,197	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$16,793,021	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$17,855,664	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	FIRST ALLIANCE CREDIT UNION IS A MEMBER OWNED AND CONTROLLED FINANCIAL INSTITUTION PROVIDING PERSONALIZED, COMPETITIVE DEPOSIT AND LOAN SERVICES THAT PROMOTE THE ECONOMIC WELL-BEING OF OUR PRESENT AND FUTURE MEMBERS. ALL INCOME IS USED TO PAY OPERATING EXPENSES OR RETURNED TO MEMBERS IN THE FORM OF DIVIDENDS OR SERVICES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$3,930,469	ExpenseAmt
Revenue	$4,543,770	RevenueAmt
Desc	PAY INTEREST AND DIVIDENDS ON AMOUNTS DEPOSITED BY MEMBERS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$1,572,187	ExpenseAmt
Revenue	$1,817,508	RevenueAmt
Desc	PROVIDE FREE CHECKING AND CASH HANDLING SERVICES TO MEMBERS.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$2,358,281	ExpenseAmt
Revenue	$2,726,262	RevenueAmt
Desc	PROVIDE RESIDENTIAL MORTGAGE, HOME IMPROVEMENT, COMMERCIAL AND OTHER MISCELLANEOUS LOANS TO MEMBERS.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$7,860,937	TotalProgramServiceExpensesAmt
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	Yes (1)	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	4479	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	68	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	Yes (1)	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VALERIE MATHIAS INTERIM PRESIDENTCEO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5072817609	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 ALLIANCE PLACE NE	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55906	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
GREG EICHTEN
DIRECTOR	3.00	Yes (X)	$0	$0	$0
HAROLD WOBSCHALL
DIRECTOR	3.00	Yes (X)	$0	$0	$0
CHRIS NELSON
DIRECTOR	3.00	Yes (X)	$0	$0	$0
BOBBI OLSON
DIRECTOR	3.00	Yes (X)	$0	$0	$0
RUSSELL HESS
DIRECTOR	3.00	Yes (X)	$0	$0	$0
COLE BAESSLER
DIRECTOR	3.00	Yes (X)	$0	$0	$0
THERESA HORNBERG
DIRECTOR	3.00	Yes (X)	$0	$0	$0
VALERIE MATHIAS
INTERIM PRESIDENT/CEO/SR VP FINANCE/CFO	50.00		$146,693	$0	$26,239	Yes (X)
MARK HETTINGER
SR VP OPERATIONS	50.00		$133,601	$0	$14,477	Yes (X)
DAVID SCHOUTEN
VP IT	50.00		$107,169	$0	$28,219	Yes (X)
KELLY MCDONOUGH
PRESIDENT/CEO (TERM 10/06/16)	50.00		$108,081	$0	$16,592	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$495,544	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$85,527	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
FISERV
255 FISERV DR	BROOKFIELD	WI	53045	CORE PROCESSOR	$989,537
OLMSTED COUNTY PRL
151 4TH ST SE	ROCHESTER	MN	559043716	PROPERTY TAX COLLECTOR	$172,265
RAOUST PARTNERS
516 SETTLERS LANDING RD	HAMPTON	VA	23669	MARKETING CONSULTANT	$161,392

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	3	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS	900099	$5,101,538	$5,101,538
MEMBER SERVICES FEES	900099	$2,339,349	$2,335,069	$4,280
LOAN INCOME & FEES	900099	$816,379	$816,379
CREDIT CARD INCOME	522100	$243,599	$243,599

Field	Value	IRS element (for citing)
Total Program Service Revenue	$8,500,865	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$599,571	TotalRevenueColumnAmt
Related Or Exempt Func Income	$599,571	RelatedOrExemptFuncIncomeAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$15,500	TotalRevenueColumnAmt
Related Or Exempt Func Income	$15,500	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,255,816	SecuritiesAmt
Other	$224,465	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,254,715	SecuritiesAmt
Other	$253,962	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$1,101	SecuritiesAmt
Other	-$29,497	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$28,396	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$28,396	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,087,540	TotalRevenueColumnAmt
Related Or Exempt Func Income	$9,083,260	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$4,280	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$1,032,349	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$581,071	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,969,022	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$82,401	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$333,816	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$178,410	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$625	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$93,848	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$44,784	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$18,521	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$242,690	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$366,347	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$315,682	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$480,483	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$343,962	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$48,212	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$89,460	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$45,980	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$369,572	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$47,948	TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt
LENDING EXPENSE	$488,950
PROVISION FOR LOAN LOSS	$333,000
CREDIT CARD EXPENSE	$219,175

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$134,629	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,860,937	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,243,428	BOYAmt
EOY	$1,557,553	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$30,766,076	BOYAmt
EOY	$16,460,331	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$52,682	BOYAmt
EOY	$56,299	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$37,882	BOYAmt
EOY	$28,982	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$103,195,811	BOYAmt
EOY	$116,133,993	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$153,140	BOYAmt
EOY	$262,374	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$8,033,982	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,348,736	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$4,682,377	BOYAmt
EOY	$4,685,246	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$11,920,042	BOYAmt
EOY	$19,060,863	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$4,141,627	BOYAmt
EOY	$4,543,220	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$156,193,065	BOYAmt
EOY	$162,788,861	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,247,820	BOYAmt
EOY	$1,720,875	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$138,152,224	BOYAmt
EOY	$143,212,322	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$139,400,044	BOYAmt
EOY	$144,933,197	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$16,793,021	BOYAmt
EOY	$17,855,664	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$16,793,021	BOYAmt
EOY	$17,855,664	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$156,193,065	BOYAmt
EOY	$162,788,861	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,226,603	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$163,960	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,797,734	OtherCostOrOtherBasisAmt
Book Value	$1,797,734	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,055,243	OtherCostOrOtherBasisAmt
Depreciation	$1,773,149	DepreciationAmt
Book Value	$2,282,094	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$62,831	OtherCostOrOtherBasisAmt
Depreciation	$51,602	DepreciationAmt
Book Value	$11,229	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,556,163	OtherCostOrOtherBasisAmt
Depreciation	$1,022,739	DepreciationAmt
Book Value	$533,424	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$562,011	OtherCostOrOtherBasisAmt
Depreciation	$501,246	DepreciationAmt
Book Value	$60,765	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$4,685,246	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER DEPOSITS	Desc
Amt	$143,212,322	Amt

Field	Value	IRS element (for citing)
Total Liability	$143,212,322	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION IS GENERALLY EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES AND STATE CORPORATE BUSINESS TAX. HOWEVER, THE CREDIT UNION IS SUBJECT TO FEDERAL TAX ON NET UNRELATED BUSINESS INCOME. THE CREDIT UNION DOES ASSESS THE POTENTIAL OUTCOME OF UNCERATIN TAX POSITIONS, IF ANY, AND WOULD ACCRUE FOR ANY UNCERTAIN TAX BENEFITS, IF APPLICABLE.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	VALERIE MATHIAS	PersonNm
Title	INTERIM PRESIDENT/CEO/SR VP FINANCE/	TitleTxt
Base Compensation Filing Org	$124,656	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$22,037	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$10,530	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$15,709	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$172,932	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	THE CREDIT UNION PAID MEMBERSHIP DUES TO ROCHESTER GOLF & COUNTRY CLUB FOR PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. MEMBERSHIP ENTITLES THE CREDIT UNION THE USE OF FACILITIES FOR BUSINESS DEVELOPMENT MEETINGS AND OTHER ORGANIZATIONAL EVENTS.
PART I, LINE 4B	VALERIE MATHIAS, INTERM PRESIDENT/CEO $16,392 MARK HETTINGER, SR VP OPERATIONS $9,136 KELLY MCDONUGH, PRESIDENT/CEO $138,624

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
VALERIE MATHIAS
INTERIM CEO	LOC	Yes (X)	$10,000	$9,000	0	Yes (1)	Yes (1)
MARK HETTINGER
SR VP OP	LOC	Yes (X)	$10,000	$10,000	0	Yes (1)	Yes (1)
DAVID SCHOUTEN
VP IT	LOC	Yes (X)	$10,000	$9,982	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$28,982	TotalBalanceDueAmt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CHRIS NELSON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	DIRECTOR	RelationshipDescriptionTxt
Transaction	$25,281	TransactionAmt
Transaction	LEGAL SERVICES	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 9:	GREG EICHTEN 4418 4TH ST NW, ROCHESTER, MN 55901 HAROLD WOBSCHALL 617 FOLWELL LN SW, ROCHESTER, MN 55902 CHRIS NELSON 606 SHARDLOW PL NE, BYRON, MN 55920 BOBBI OLSON 329 10TH ST NW, BYRON, MN 55920 RUSSELL HESS 440 5TH ST SW, PLAINVIEW, MN 55964 COLE BAESSLER 3601 PARK CENTER BLVD #604, MINNEAPOLIS, MN 55416 THERESA HORNBERG 402 2ND ST NW, STEWARTVILLE, MN 55976
FORM 990, PART VI, SECTION A, LINE 6	FIRST ALLIANCE CREDIT UNION IS A MEMBER OWNED COOPERATIVE.
FORM 990, PART VI, SECTION A, LINE 7A	THE GOVERNING BODY, CONSISTING OF SEVEN DIRECTORS, ARE SELECTED BY THE MEMBERSHIP BASE.
FORM 990, PART VI, SECTION A, LINE 7B	ANY INTERIM APPOINTMENT OF DIRECTORS MUST BE RATIFIED BY THE MEMBERSHIP AT THE NEXT ANNUAL MEETING. ANY AMENDMENT TO THE BY-LAWS MUST BE RATIFIED BY THE MEMBERSHIP AT THE NEXT ANNUAL MEETING.
FORM 990, PART VI, SECTION B, LINE 11B	THE SR VP OF FINANCE/CFO CORDINATES THE FILING OF FORM 990 ANNUALLY AND IT IS REVIEWED BY THE PRESIDENT/CEO FOR ACCURACY AND COMPLETENESS PRIOR TO TRANSMISSION.
FORM 990, PART VI, SECTION B, LINE 12C	ALL EMPLOYEE POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICY, ARE REVIEWED WITH STAFF AND VOLUNTEERS ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15	THE PERSONNEL COMMITTEE REVIEWS AND APPROVES OFFICER COMPENSATION ANNUALLY. INCREASES ARE BASED, IN PART, ON INDUSTRY COMPARABILITY DATA.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON DEMAND. SUMMARY FINANCIAL STATEMENTS ARE POSTED IN EACH BRANCH LOBBY MONTHLY AND IN AN ANNUAL REPORT TO THE MEMBERSHIP.