FIRST ALLIANCE CREDIT UNION: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: FIRST ALLIANCE CREDIT UNION (EIN 41-0429399)
Tax period: 2018-01-01 to 2018-12-31
Filed: 2019-05-15
IRS object ID: 201931359349303458
Schema version: 2018v3.1
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	2019-05-15T09:50:10-05:00	ReturnTs
Tax Period End	2018-12-31	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	2018-01-01	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	MIKE ROSEK	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Phone	5072880330	PhoneNum
Signature	2019-05-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DREW MULFORD	PreparerPersonNm
PTIN	P01733385	PTIN
Phone	5072886476	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	66.98.98.9	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-05-14	IPDt
IP Tm	14:46:12	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	C7FAE6D25E44BA1164E4CDA1A06BCBF921F97612	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2019-02-21 02:37:17Z	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	320 ALLIANCE PLACE NE	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55906	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$14,674,142	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 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	81	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$3,050	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$4,172	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$9,417,239	PYProgramServiceRevenueAmt
CY Program Service Revenue	$11,264,521	CYProgramServiceRevenueAmt
PY Investment Income	$744,912	PYInvestmentIncomeAmt
CY Investment Income	$740,166	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$10,162,151	PYTotalRevenueAmt
CY Total Revenue	$12,004,687	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$1,112,110	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$1,344,122	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$3,413,976	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$4,316,256	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$4,274,937	PYOtherExpensesAmt
CY Other Expenses	$4,956,723	CYOtherExpensesAmt
PY Total Expenses	$8,801,023	PYTotalExpensesAmt
CY Total Expenses	$10,617,101	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,361,128	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,387,586	CYRevenuesLessExpensesAmt
Total Assets BOY	$174,356,672	TotalAssetsBOYAmt
Total Assets EOY	$193,018,357	TotalAssetsEOYAmt
Total Liabilities BOY	$155,087,930	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$172,668,635	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$19,268,742	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$20,349,722	NetAssetsOrFundBalancesEOYAmt
Mission	WE PLACE OUR MEMBERS' NEEDS FIRST BY PROVIDING COMPASSION, GUIDANCE, AND RESOURECES 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
Expense	$5,308,551	ExpenseAmt
Revenue	$6,002,344	RevenueAmt
Desc	PAY INTEREST AND DIVIDENDS ON AMOUNTS DEPOSITED BY MEMBERS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$2,123,420	ExpenseAmt
Revenue	$2,400,937	RevenueAmt
Desc	PROVIDE FREE CHECKING AND CASH HANDLING SERVICES TO MEMBERS.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$3,185,130	ExpenseAmt
Revenue	$3,601,406	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	$10,617,101	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	5090	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	81	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
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	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	MIKE ROSEK PRESIDENTCEO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5072827602	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 (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
JULIAN CURRIE
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
MANUAL MONTES
DIRECTOR	3.00	Yes (X)	$0	$0	$0
ALAN MICHAEL DEBOLT
DIRECTOR	3.00	Yes (X)	$0	$0	$0
VALERIE MATHIAS
SVP FINANCE/CFO	50.00		$139,451	$0	$28,568	Yes (X)
MARK HETTINGER
EXECUTIVE VP/COO	50.00		$146,146	$0	$23,135	Yes (X)
DAVID SCHOUTEN
SVP IT/CIO	50.00		$125,086	$0	$27,324	Yes (X)
MIKE ROSEK
PRESIDENT/CEO	50.00		$199,327	$0	$33,311	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$610,010	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$112,338	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 (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 PROCESSOR	$1,155,177
OLMSTED COUNTY PRL
151 4TH ST SE	ROCHESTER	MN	559043716	PROPERTY TAX COLLECTOR	$152,284
SOUTHPOINT MOTORS INC
10 7TH ST NE	ROCHESTER	MN	55906	INDIRECT CAR DEALER	$125,740
TOWNSQUARE MEDIA ROCHESTER
27148 NETWORK PL	CHICACO	IL	606731271	MEDIA ADVERTISING	$109,220
ELAN FINANCIAL SERVICES
COMMERCE COURT 4 STATION SQUARE	PITTSBURGH	PA	15219	ATM PROCESSOR	$106,125

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS	900099	$7,386,770	$7,386,770
MEMBER SERVICES FEES	900099	$3,018,679	$3,015,629	$3,050
LOAN INCOME & FEES	900099	$555,356	$555,356
CREDIT CARD INCOME	522100	$303,716	$303,716

Field	Value	IRS element (for citing)
Total Program Service Revenue	$11,264,521	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$736,788	TotalRevenueColumnAmt
Related Or Exempt Func Income	$736,788	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	$2,253,450	SecuritiesAmt
Other	$403,883	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,171,166	SecuritiesAmt
Other	$498,289	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$82,284	SecuritiesAmt
Other	-$94,406	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$12,122	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$12,122	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,004,687	TotalRevenueColumnAmt
Related Or Exempt Func Income	$12,001,637	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$3,050	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$1,344,122	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$722,348	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,653,182	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$86,304	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$588,773	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$265,649	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$55,542	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$59,305	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$8,702	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$305,090	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$550,184	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$362,992	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$574,211	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$359,563	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$94,904	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$160,737	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$91,122	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$63,523	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$369,769	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$53,878	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$721,000
LENDING EXPENSE	$625,411
CREDIT CARD EXPENSE	$320,472
MISCELLANEOUS OTHER EXP	$180,318

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$10,617,101	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,434,920	BOYAmt
EOY	$914,530	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$11,633,911	BOYAmt
EOY	$11,178,929	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$68,715	BOYAmt
EOY	$69,455	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$32,245	BOYAmt
EOY	$38,128	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$126,005,987	BOYAmt
EOY	$148,473,663	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$297,698	BOYAmt
EOY	$326,392	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$8,413,805	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$4,035,003	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$4,615,785	BOYAmt
EOY	$4,378,802	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$25,525,640	BOYAmt
EOY	$22,558,713	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$4,741,771	BOYAmt
EOY	$5,079,745	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$174,356,672	BOYAmt
EOY	$193,018,357	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,194,134	BOYAmt
EOY	$11,701,722	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$152,893,796	BOYAmt
EOY	$160,966,913	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$155,087,930	BOYAmt
EOY	$172,668,635	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	$19,268,742	BOYAmt
EOY	$20,349,722	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$19,268,742	BOYAmt
EOY	$20,349,722	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$174,356,672	BOYAmt
EOY	$193,018,357	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,387,586	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$306,606	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	$1,622,237	OtherCostOrOtherBasisAmt
Book Value	$1,622,237	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,311,147	OtherCostOrOtherBasisAmt
Depreciation	$2,061,720	DepreciationAmt
Book Value	$2,249,427	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,762,931	OtherCostOrOtherBasisAmt
Depreciation	$1,398,753	DepreciationAmt
Book Value	$364,178	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$717,490	OtherCostOrOtherBasisAmt
Depreciation	$574,530	DepreciationAmt
Book Value	$142,960	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$4,378,802	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER DEPOSITS	Desc
Amt	$160,966,913	Amt

Field	Value	IRS element (for citing)
Total Liability	$160,966,913	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 UNREALTED BUSINESS INCOME. THE CREDIT UNION DOES ASSESS THE POTENTIAL OUTCOME OF UNCERTAIN TAX POSITIONS, IF ANY, AND WOULD ACCRUE FOR ANY UNCERTAIN TAX BENEFITS, IF APPLICABLE. CURRENTLY, THE 2017, 2016, AND 2015 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.	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 (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
VALERIE MATHIAS
SVP FINANCE/CFO	$123,173	$0	$16,278	$0	$0	$0	$8,641	$0	$19,927	$0	$168,019	$0	$0	$0
MARK HETTINGER
EXECUTIVE VP/COO	$129,246	$0	$16,900	$0	$0	$0	$9,283	$0	$13,852	$0	$169,281	$0	$0	$0
DAVID SCHOUTEN
SVP IT/CIO	$109,486	$0	$15,600	$0	$0	$0	$2,784	$0	$24,540	$0	$152,410	$0	$0	$0
MIKE ROSEK
PRESIDENT/CEO	$176,577	$0	$22,750	$0	$0	$0	$4,065	$0	$29,246	$0	$232,638	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 4B	THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN OFFERED BY THE CREDIT UNION. VALERIE MATHIAS, SR VP FINANCE/CFO $16,621 MARK HETTINGER, EXECUTIVE VP/COO $9,257
PART 1 LINE 1A:	THE CREDIT UNION PAID MEMBERSHIP DUES TO EASTWOOD GOLF CLUB FOR PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. MEMBERSHIP ENTITLES THE CREDIT UNION TO USE FACILITIES FOR BUSINESS DEVELOPMENT, MEETINGS, AND OTHER ORGANIZATIONAL EVENTS.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (4 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
VALERIE MATHIAS
CFO	LOC	Yes (X)	$10,000	$9,000	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	$9,711	0	Yes (1)	Yes (1)
MIKE ROSEK
CEO	LOC	Yes (X)	$10,000	$9,417	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$38,128	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	PARTNER	RelationshipDescriptionTxt
Transaction	$42,088	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 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 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 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 COORDINATES 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.
FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC	JULIAN CURRIE - 4365 GENEVIEVE PL NW, ROCHESTER, MN 55901. HAROLD WOBSCHALL - 617 FOLWELL LN SW, ROCHESTER, MN 55902. CHRIS NELSON - 1465 BELVIOR LN NE, BYRON, MN 55920. BOBBI OLSON - 329 10TH ST NW, BYRON, MN 55920. RUSSELL HESS - 440 5TH ST SW, PLAINVIEW, MN 55964. COLE BAESSLER - 1009 SAINT PAUL AVE, SAINT PAUL, MN 55116. THERESA HORNBERG - 402 2ND ST NW, STEWARTVILLE, MN 55976. MANUAL MONTES - 1807 2ND AVE NW, ROCHESTER, MN 55901. ALAN MICHAEL DEBOLT - 2920 DARCY DR. NE, ROCHESTER, MN 55906.