FIRST ALLIANCE CREDIT UNION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: FIRST ALLIANCE CREDIT UNION (EIN 41-0429399)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-06-04
IRS object ID: 202101559349300900
Schema version: 2020v4.1
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	2021-06-04T09:08:43-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	450250958	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Eide Bailly LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	800 Nicollet Mall Ste 1300	AddressLine1Txt
City	Minneapolis	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	554027033	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	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	300 N Main Street	AddressLine1Txt
City	Stewartville	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55976	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Mike Rosek	PersonNm
Person Title	President/CEO	PersonTitleTxt
Phone	5072880330	PhoneNum
Signature	2021-06-03	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Mike	PersonFirstNm
Person Last	Rosek	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Deb Nelson CPA	PreparerPersonNm
PTIN	P01264758	PTIN
Phone	6122536500	PhoneNum
Preparation	2021-05-24	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	Mike Rosek	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	300 N Main Street	AddressLine1Txt
City	Stewartville	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55976	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$17,722,621	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	www.firstalliancecu.com	WebsiteAddressTxt
Type Of Organization Assoc	Yes (X)	TypeOfOrganizationAssocInd
Formation	1932	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	First Alliance Credit Union places members' needs first by providing compassion, guidance, and resources to promote their financial well-being.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	88	TotalEmployeeCnt
Total Volunteers	11	TotalVolunteersCnt
Total Gross UBI	$10,491	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$13,187,049	PYProgramServiceRevenueAmt
CY Program Service Revenue	$14,363,507	CYProgramServiceRevenueAmt
PY Investment Income	$656,933	PYInvestmentIncomeAmt
CY Investment Income	$641,127	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$13,843,982	PYTotalRevenueAmt
CY Total Revenue	$15,004,634	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$969,929	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$862,397	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$5,334,814	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$5,672,312	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$6,677,060	PYOtherExpensesAmt
CY Other Expenses	$7,105,768	CYOtherExpensesAmt
PY Total Expenses	$12,981,803	PYTotalExpensesAmt
CY Total Expenses	$13,640,477	CYTotalExpensesAmt
PY Revenues Less Expenses	$862,179	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,364,157	CYRevenuesLessExpensesAmt
Total Assets BOY	$207,900,558	TotalAssetsBOYAmt
Total Assets EOY	$236,689,714	TotalAssetsEOYAmt
Total Liabilities BOY	$186,234,007	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$213,431,118	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$21,666,551	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$23,258,596	NetAssetsOrFundBalancesEOYAmt
Mission	We place our members' needs first by providing compassion, guidance, and resources to promote their financial well-being. As a financial cooperative 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
Desc	Pay interest and dividends on amounts deposited by members.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	Provide free checking and cash handling services to members.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	Provide residential mortgage, home improvement, commercial, and other misc. loans to members.	Desc

Field	Value	IRS element (for citing)
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
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
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	0	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 With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
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	5049	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	88	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
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
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	0	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	Mike Rosek	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5072880330	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	300 N Main Street	AddressLine1Txt
City	Stewartville	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55976	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Mike Rosek
President/CEO/Treasurer	50.00	Yes (X)	$237,194	$0	$77,311
Valerie Mathias
SVP Finance/CFO	50.00	Yes (X)	$156,834	$0	$57,183
Mark Hettinger
EVP/COO	50.00	Yes (X)	$153,892	$0	$51,096
David Schouten
SVP IT/CIO	50.00	Yes (X)	$136,835	$0	$53,395
David Marcoux - Director of
Real Estate & Commercial Lending	40.00		$114,659	$0	$27,572	Yes (X)
Theresa Hornberg
Chair	3.00	Yes (X)	$0	$0	$0		Yes (X)
Bobbi Olson
Vice Chair	3.00	Yes (X)	$0	$0	$0		Yes (X)
Russell Hess
Secretary	3.00	Yes (X)	$0	$0	$0		Yes (X)
Julian Currie
Director	3.00		$0	$0	$0		Yes (X)
Alan Michael DeBolt
Director	3.00		$0	$0	$0		Yes (X)
Jane Drennan
Director	3.00		$0	$0	$0		Yes (X)
Hilary Stonelake-Curtis
Director	3.00		$0	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$799,414	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$266,557	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 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 Data Processor	$2,600,355
The Boldt Company
2525 N Roemer Rd	Appleton	WI	549120419	Building Contractor	$2,407,518
CDW Direct
625 W Adams	Chicago	IL	60661	Technology Products/Srv	$144,706
Townsquare Media Rochester
122 4th St SW	Rochester	MN	55902	Media Advertising Provider	$140,801
Schmidt-Goodman Office Products
1920 N Broadway	Rochester	MN	55906	Furniture Supplier	$133,604

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	6	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Interest on Loans	900099	$9,712,197	$9,712,197
Member Service Fees	900099	$3,479,988	$3,469,497	$10,491
Loan Income and Fees	900099	$834,419	$834,419
Credit Card Income	522210	$336,903	$336,903

Field	Value	IRS element (for citing)
Total Program Service Revenue	$14,363,507	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$678,375	TotalRevenueColumnAmt
Exclusion	$678,375	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,500,000	SecuritiesAmt
Other	$180,739	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,467,123	SecuritiesAmt
Other	$250,864	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$32,877	SecuritiesAmt
Other	-$70,125	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$37,248	TotalRevenueColumnAmt
Exclusion	-$37,248	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$15,004,634	TotalRevenueColumnAmt
Related Or Exempt Func Income	$14,353,016	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$10,491	UnrelatedBusinessRevenueAmt
Exclusion	$641,127	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$862,397	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$925,488	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$3,410,968	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$174,989	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$851,087	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$309,780	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$46,728	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$61,550	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$13,030	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$333,753	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$560,941	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$415,782	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,019,036	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$409,732	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$24,394	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$78,994	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	-$5,754	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$69,790	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$678,932	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$82,645	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
Provision for Loan Loss	$1,146,000
ATM Expense	$1,067,268
Lending Expense	$504,948
Credit Card Expense	$379,028

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$218,971	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$13,640,477	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,884,373	BOYAmt
EOY	$3,438,031	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$9,015,445	BOYAmt
EOY	$18,999,900	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$80,660	BOYAmt
EOY	$519,220	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$37,979	BOYAmt
EOY	$29,546	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$159,644,510	BOYAmt
EOY	$169,686,150	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$282,956	BOYAmt
EOY	$532,696	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$16,751,415	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$5,067,358	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$9,218,200	BOYAmt
EOY	$11,684,057	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$19,168,489	BOYAmt
EOY	$22,781,117	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$8,567,946	BOYAmt
EOY	$9,018,997	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$207,900,558	BOYAmt
EOY	$236,689,714	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,113,862	BOYAmt
EOY	$2,102,209	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
EOY	$76,763	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$183,120,145	BOYAmt
EOY	$211,252,146	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$186,234,007	BOYAmt
EOY	$213,431,118	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

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	$21,666,551	BOYAmt
EOY	$23,258,596	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$21,666,551	BOYAmt
EOY	$23,258,596	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$207,900,558	BOYAmt
EOY	$236,689,714	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,364,157	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$227,888	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,308,207	OtherCostOrOtherBasisAmt
Book Value	$2,308,207	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,501,901	OtherCostOrOtherBasisAmt
Depreciation	$2,475,487	DepreciationAmt
Book Value	$7,026,414	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,630,658	OtherCostOrOtherBasisAmt
Depreciation	$1,887,553	DepreciationAmt
Book Value	$1,743,105	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,310,649	OtherCostOrOtherBasisAmt
Depreciation	$704,318	DepreciationAmt
Book Value	$606,331	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$11,684,057	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	Member Deposits	Desc
Amt	$211,252,146	Amt

Field	Value	IRS element (for citing)
Total Liability	$211,252,146	TotalLiabilityAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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 (4 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Mike Rosek
President/CEO/Treasurer	$227,574	$0	$9,620	$0	$0	$0	$56,900	$0	$20,796	$0	$314,890	$0	$0	$0
Valerie Mathias
SVP Finance/CFO	$148,594	$0	$8,240	$0	$0	$0	$36,772	$0	$20,859	$0	$214,465	$0	$0	$0
Mark Hettinger
EVP/COO	$146,577	$0	$7,315	$0	$0	$0	$31,259	$0	$20,310	$0	$205,461	$0	$0	$0
David Schouten
SVP IT/CIO	$130,035	$0	$6,800	$0	$0	$0	$23,279	$0	$30,558	$0	$190,672	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part I, Line 4b	FormAndLineReferenceDesc
Explanation	The following individuals participated in the 457(f) plans offered by the Credit Union. Mike Rosek - President/CEO (457f) - Accrued $43,992 Valerie Mathias - SVP Finance/CFO (457f) - Accrued $27,600 Mark Hettinger - EVP/COO (457f) - Accrued $21,945 David Schouten - SVP IT/CIO (457f) - Accrued $20,400 There were no distributions during 2020.	ExplanationTxt

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
Mike Rosek
CEO	LOC	Yes (X)	$10,000	$9,755	0	Yes (1)	Yes (1)
Mark Hettinger
COO	LOC	Yes (X)	$10,000	$10,000	0	Yes (1)	Yes (1)
David Schouten
CIO	LOC	Yes (X)	$10,000	$9,791	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$29,546	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 board, consisting of seven directors, are elected 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 amendments to the bylaws must be ratified by the membership at the next annual meeting.
Form 990, Part VI, Section B, line 11b	The SVP Finance/CFO coordinates preparation of the 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	The Conflict of Interest Policy shall be reviewed and reaffirmed annually by the Credit Union Board of Directors at its organizational meeting. Evidence of the review and affirmation shall be entered in the minutes. Additionally, each director of the Credit Union board shall, on an annual basis, disclose any potential conflicts of interest he or she may have by executing a Conflict Disclosure and Code of Conduct Affirmation. Copies of the executed forms shall be retained in Director's folder. A director of the Credit Union Board shall not engage in the discussion of any matter in which he or she has a conflict of interest. A director of the Credit Union Board shall not vote on any matter in which he or she has a conflict of interest. The authorization, approval or ratification of any matter in which a director of the Credit Union Board has a conflict of interest must be made by a majority vote of the Credit Union directors present, excluding the interested director(s). The interested director(s) shall not be counted for purposes of establishing a majority or determining the presence of a quorum. The minutes shall reflect all abstentions by the Credit Union director(s).
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.
Form 990, Part XII, Line 2b:	Audited Financial Statements: The financial statements for First Alliance Credit Union are audited based on a fiscal year ending March 31. IRS Form 990 Part XII, Line 2b has been answered no because the 990 is prepared based on a calendar year.