2014-04-08T20:17:53-07:00 2013-12-31 990 2013-01-01 410429399 First Alliance Credit Union FIRS 5072880330 320 Alliance Place NE Rochester MN 55906 Valerie Mathias VP of Finance/CFO 5072817609 2014-03-31 2013 2015-11-30 17:44:51Z Kelly McDonough 320 Alliance Place NE Rochester MN 55906 8281609 0 6060 X www.firstalliancecu.com X Cooperative 1932 MN 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. 7 7 66 10 0 0 0 0 7392571 7375698 438078 458717 15898 0 7846547 7834415 0 0 1152199 1051684 2294509 2503011 0 0 0 3125753 3244994 6572461 6799689 1274086 1034726 130941667 137672698 116411906 122290172 14529761 15382526 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. 0 0 3399844 0 3917207 Pay interest and dividends on amounts deposited by members. 1359938 0 1566883 Provide free checking and cash handling services to members. 2039907 0 2350325 Provide residential mortgage, home improvement, commercial, and other misc. loans to members. 0 0 0 6799689 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 5625 0 1 66 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 1 1 1 0 1 1 1 0 1 1 1 0 MN X Kelly McDonough President CEO 5072817602 320 Alliance Place NE Rochester MN 55906 Greg Eichten Director 3 0 X 0 0 0 Harold Wobschall Director 3 0 X 0 0 0 Scott Hoss Director 3 0 X 0 0 0 Bobbi Olson Director 3 0 X 0 0 0 Jenny Hegland Director 3 0 X 0 0 0 Russell Hess Director 3 0 X 0 0 0 Brian Smidt Director 3 0 X 0 0 0 Elizabeth Kueper Director 3 0 X 0 0 0 Kelly McDonough President/CEO 50 0 X 163584 0 27335 Mark Hettinger VP Operations 50 0 X 99542 0 9245 Valerie Mathias VP Finance/CFO 50 0 X 113687 0 18304 376813 0 54884 2 0 1 0 Fiserv 455 S Gulph Rd Ste 201 King of Prussia PA 19406 Core Data Processor 627693 Olmsted County PRL 151 4th St SE Rochester MN 559043716 Property Tax Collector 177546 NuSource Financial Inc 9749 Hamilton Rd Eden Prairie MN 55344 Equipment Supplier 150003 3 0 0 0 0 0 0 0 0 Interest on Loans 900099 4380610 4380610 0 0 Credit Card Income 522210 212249 212249 0 0 Loan Income & Fees 900099 989589 989589 0 0 Member Service Fees 900099 1793250 1793250 0 0 0 0 0 0 7375698 453768 453768 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 452143 0 447194 0 4949 4949 4949 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7834415 7834415 0 0 0 0 0 1051684 431697 0 1574542 63496 276779 156497 1250 31559 54676 0 0 0 207388 180372 332201 406681 0 308641 59146 0 94534 0 36352 356137 105475 Credit Card Expense 149634 Provision for Loan Loss 328000 Lending Expense 537534 55414 6799689 0 0 0 1469681 1379028 31253862 28703334 0 0 342732 119379 665648 22496 0 0 84243160 86279875 0 0 161055 199968 8257493 3359503 4894422 4897990 6294270 14275906 0 0 0 0 0 0 1616837 1794722 130941667 137672698 1073960 917538 0 0 6886 0 0 0 0 0 0 0 0 0 0 0 115331060 121372634 116411906 122290172 X 0 0 0 0 14529761 15382526 14529761 15382526 130941667 137672698 1034726 -181961 0 0 0 0 X 0 1 X 1 0 0 1797734 1797734 0 4006580 1462080 2544500 0 0 0 0 0 1840089 1363863 476226 0 613090 533560 79530 4897990 0 Member Deposits 121372634 121372634 X Schedule D, Part X, Line 2 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 uncertain tax positions, if any, and would accrue for any uncertain tax benefits, if applicable. X 1 1 X X X X 0 0 0 Kelly McDonough President/CEO 141884 0 21700 0 0 0 9712 0 17623 0 190919 0 0 0 Schedule J, Part I, Line 1a The Credit Union paid membership dues to Rochester Park & Recreation and Rochester Golf & Country Club for persons listed on Form 990, Part VII, Section A, Line 1a. Membership entitles the Credit Union to use of facilities for business development, meetings, and other organizational events. Kelly McDonough President LOC X 10000 3696 0 1 1 Mark Hettinger VP Operations LOC X 10000 10000 0 1 1 Valerie Mathias VP Finance LOC X 10000 8800 0 1 1 22496 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 A, Line 9 Greg Eichten 4418 4th St NW, Rochester MN 55901; Harold Wobschall 617 Folwell Ln SW, Rochester, MN 55901; Scott Hoss 913 8th Ave SW, Rochester, MN 55902; Bobbi Olson 329 10th St NW, Byron, MN 55920; Jenny Hegland PO Box 403, Rochester, MN 55903; Russell Hess 440 5th St SW, Plainview, MN 55964; Brian Smidt 617 23rd St NE, Rochester, MN 55906; Elizabeth Kueper 17241 452nd Street Way, Zumbrota, MN 55992 Form 990, Part VI, Section B, Line 11b The VP of Finance/CFO prepares 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.