2025-10-12T16:47:56-04:00 2024-12-31 990 2024-01-01 410429399 FIRST ALLIANCE CREDIT UNION FIRS 5072880330 501 16TH ST SE ROCHESTER MN 55904 Brent Rempe CEO 5072880330 2025-10-13 false 2024 2025-03-06 01:10:19Z X Brent Rempe 501 16th Street SE ROCHESTER MN 559041235 22111159 false X https: www.firstalliancecu.com X Credit Union 1932 MN We show up. We listen to your story. We provide possibilities. 7 7 83 0 12084 -4171 0 0 19578655 19843818 1074031 1476588 0 0 20652686 21320406 0 0 2458462 3179287 6389485 6369991 0 0 0 9278970 9597788 18126917 19147066 2525769 2173340 282573969 270318423 255468805 242048609 27105164 28269814 We show up. We listen to your story. We provide possibilities. As a not-for-profit financial cooperative we aim to create a financial oasis where everyone has access to the opportunities they deserve. false false 3179287 0 0 Pay interest and dividends on amounts deposited by members. 0 0 4248731 Provide checking and cash handling services to members 0 0 15595087 Provide residential mortgage home improvement commercial and other miscellaneous loans to members. 3179287 false false false false false false false false false true false false false true true false false false false false false false false false false false false false true false true false false false false false false false false false false false false false true 7941 0 true 83 true true true false false false false false false false X 7 7 false false false false true true true true true true true true false true true true true true true true false MN X Brent Rempe 5072880330 501 16TH ST SE ROCHESTER MN 55904 Jane Drennan Board Chair 3.20 0.00 X X 3839 0 0 Theresa Hornberg Board Director 2.20 0.00 X 4024 0 0 Roberta Olson Board Director 1.90 0.00 X 2743 0 0 Josefina Pozas Guzman Board Director 1.30 0.00 X 2126 0 0 Rawhi Said Board Director 1.20 0.00 X 1937 0 0 Alan Michael DeBolt Vice Chair 0.80 0.00 X X 1296 0 0 Russell Hess Board Secretary 1.00 0.00 X X 1167 0 0 Julian Currie Board Director 0.50 0.00 X 975 0 0 Valerie Mathias SVP of Finance - CFO 50.00 0.00 X 396964 0 76722 Brent Rempe President - CEO 50.00 0.00 X 233489 0 128940 Andrea Allen Chief Revenue Officer 50.00 0.00 X 150656 0 47936 Jeremiah Halloran AVP Digital Services Technology 40.00 0.00 X 135895 0 46007 Christine Jensen Controller 40.00 0.00 X 157083 0 24374 Jenna Taubel AVP of Marketing 40.00 10.00 X 121196 0 34298 Michael Rosek CEO Former 0.00 0.00 X 111005 0 0 1324395 0 358277 7 true true false Fiserv 255 Fiserv drive Brookfield WI 53045 Core Data Processor 1673996 Computer Integration Technologies 2375 Ventura Dr Woodbury MN 55125 Software / Maintenance provider 187621 Townsquare Media Rochester 122 4th St SW Rochester MN 55902 Media Advertising Provider 163737 Technology Consulting Group 3850 Ponderosa Road Malabar FL 32950 Technology products and services 139060 MeridianLink 1600 Sunflower Ave Costa Mesa CA 92626 Lending Software Provider 118148 8 0 0 0 0 0 0 0 0 Interest on loans 522100 14984177 14984177 0 0 Member Service Fees 522100 4248731 4236647 12084 0 Credit Card Issuing 522210 356027 356027 0 0 Loan Fee Income 522100 254883 254883 0 0 19843818 1469724 0 0 1469724 0 0 0 0 0 0 0 0 0 0 0 0 396971 400646 279726 511027 117245 -110381 6864 0 0 6864 0 0 0 0 0 0 0 0 0 0 0 0 0 21320406 19831734 12084 1476588 3179287 3179287 1163819 0 0 0 0 0 0 0 3606182 0 0 0 150081 0 0 0 1095301 0 0 0 354608 0 0 0 0 0 0 0 124025 0 0 0 74800 0 0 0 0 0 0 0 0 0 2760 0 0 0 550319 0 0 0 522519 0 0 0 441326 0 0 0 1288982 0 0 0 0 0 0 0 491331 0 0 0 86839 0 0 0 0 0 0 0 182803 0 0 0 455066 0 0 0 58143 0 0 0 721475 0 0 0 114217 0 0 0 Provision for Credit Loss 1519712 0 0 0 ATM Expense 1487078 0 0 0 Lending Expense 828217 0 0 0 Other expenses 365183 0 0 0 282993 0 0 0 19147066 3179287 0 0 6397175 7258546 14215371 10429951 0 0 1737455 491496 20000 320000 0 0 222053669 214593229 0 0 667956 633486 12385778 4697786 8129913 7687992 20616611 17800455 279726 0 0 0 0 0 8456093 11103268 282573969 270318423 10992683 4329350 0 0 0 1164508 0 0 0 0 0 0 0 0 0 0 244476122 236554751 255468805 242048609 X 0 0 0 0 27105164 28269814 27105164 28269814 282573969 270318423 X 2173340 155818 0 0 0 -1164508 X false false false 0 1129411 1129411 0 6201143 1489939 4711204 0 0 0 0 0 3997878 2390727 1607151 0 1057346 817120 240226 7687992 Member deposits and shares 236554751 236554751 X Part X, line 2 We do not expect a tax liability as our submitted 990T shows Unrelated Business Income was negative. X X X false false false Michael Rosek CEO Former 0 0 0 0 111005 0 0 0 0 0 111005 0 111005 0 Valerie Mathias SVP of Finance - CFO 214815 0 30550 0 151599 0 51831 0 24891 0 473686 0 32573 0 Brent Rempe President - CEO 232971 0 0 0 518 0 90282 0 38658 0 362429 0 0 0 Andrea Allen Chief Revenue Officer 129981 0 20333 0 342 0 9278 0 38658 0 198592 0 0 0 Jeremiah Halloran AVP Digital Services & Technology 117558 0 18028 0 309 0 8365 0 37642 0 181902 0 0 0 Christine Jensen Controller 141202 0 15659 0 222 0 5666 0 18708 0 181457 0 0 0 Jenna Taubel AVP of Marketing 103866 0 17035 0 295 0 7642 0 26656 0 155494 0 0 0 Brent Rempe CEO and President LOC X 10000 10000 false true true Brent Rempe CEO and President Collateral Assignment Split Dollar Life Ins. X 290000 290000 false true true Val Mathias CFO LOC X 10000 10000 false true true Andrea Allen CRO LOC X 10000 10000 false true true 320000 Part VI, Section A, Line 6 All members have the same class of membership by maintaining the $5 required to open their regular share account. Part VI, Section A, Line 7a | Class of the Person:, Nature of their rights:| Member, Can vote on board member elections| Part VI, Section A, Line 7b | Class of the Person:, Decisions that require their approval:, Nature of their rights:| Member, NA, NA| Part VI, line 9 | Name of the person:, Address of the person:| Mike Rosek, 2402 Antarus Dr NW, Palm Bay, FL, 32907| Christine Jensen, 901 19th Ave NE, Rochester, MN, 55906| Part VI, Section B, Line 11b Management reviews the Form 990 before submission. Part VI, Section B, Line 12c Each director of the credit union shall on an annual basis disclose any potential conflicts of interests he or she may have by executing a conflict disclosure and code of conduct affirmation. Copies of the executed forms shall be retained in the directors 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 directors. Part VI, Section B, Line 15 | Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| Brent Rempe, The personnel committee reviews and approves officer compensation annually. Increases are based in part on industry comparability data., 2024| 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. Part XI, Line 9 | Description:, Explanation:, Amount:| Employee Retention Tax Credit, ERTC, $-1164508|