FIRST ALLIANCE CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: FIRST ALLIANCE CREDIT UNION (EIN 41-0429399)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-04-26
IRS object ID: 201311169349300956
Schema version: 2012v2.0
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)
Timestamp	2013-04-26T17:03:56-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	410429399	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	First Alliance Credit Union	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	FIRS	NameControl
Phone	5072880330	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 Alliance Place NE	AddressLine1
City	Rochester	City
State	MN	State
ZIP Code	55906	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Valerie Mathias	Name
Title	VP of Finance/CFO	Title
Phone	5072817609	Phone
Date Signed	2013-03-31	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Kelly McDonough CEO	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	320 Alliance Place NE	AddressLine1
City	Rochester	City
State	MN	State
ZIP Code	55906	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	8653555	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Group Exemption Number	6060	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	www.firstalliancecu.com	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	Cooperative	TypeOfOrgOtherDescription
Year Formation	1932	YearFormation
State Legal Domicile	MN	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	50	TotalNbrEmployees
Total Nbr Volunteers	10	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	6230631	ProgramServiceRevenuePriorYear
Program Service Revenue CY	7392571	ProgramServiceRevenueCY
Investment Income Prior Year	589615	InvestmentIncomePriorYear
Investment Income Current Year	438078	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	15898	OtherRevenueCurrentYear
Total Revenue Prior Year	6820246	TotalRevenuePriorYear
Total Revenue Current Year	7846547	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	1176095	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	1152199	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2004508	SalariesEtcPriorYear
Salaries Etc Current Year	2294509	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2797566	OtherExpensePriorYear
Other Expenses Current Year	3125753	OtherExpensesCurrentYear
Total Expenses Prior Year	5978169	TotalExpensesPriorYear
Total Expenses Current Year	6572461	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	842077	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1274086	RevenuesLessExpensesCY
Total Assets BOY	118549061	TotalAssetsBOY
Total Assets EOY	130941667	TotalAssetsEOY
Total Liabilities BOY	105495277	TotalLiabilitiesBOY
Total Liabilities EOY	116411906	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	13053784	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	14529761	NetAssetsOrFundBalancesEOY
Mission Description	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.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	3286231	Expense
Grants	0	Grants
Revenue	3923274	Revenue
Description	Pay interest and dividends on amounts deposited by members.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	1314492	Expense
Grants	0	Grants
Revenue	1569309	Revenue
Description	Provide free checking and cash handling services to members.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	1971738	Expense
Grants	0	Grants
Revenue	2353964	Revenue
Description	Provide residential mortgage, home improvement, commercial, and other misc. loans to members.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	0	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	0	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	0	TotalOfOtherProgramServiceRev
Total Program Service Expense	6572461	TotalProgramServiceExpense
Described In501 C3	0	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	0	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Loan To Officer Or DQP	1	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	6340	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	50	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	1	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	1	OfficerMailingAddress
Local Chapters	1	LocalChapters
Policies Reference Chapters	1	PoliciesReferenceChapters
Form990 Provided To Governing Body	0	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MN	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Kelly McDonough President CEO	NamePerson
Telephone Number	5072817602	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	320 Alliance Place NE	AddressLine1
City	Rochester	City
State	MN	State
ZIP Code	55906	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
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
Elizabeth Kueper
Director	3	0	X	0	0	0
Stan Cram
Director	3	0	X	0	0	0
Kelly McDonough
President/CEO	50	0		177567	0	26824	X
Mark Hettinger
VP Operations	50	0		111763	0	8734	X
Valerie Mathias
VP Finance/CFO	50	0		112790	0	18493	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	402120	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	54051	TotalOtherCompensation
Number Individuals GT100 K	3	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
Fiserv
455 S Gulph Rd Ste 201	King of Prussia	PA	19406	Core Data Processor	585144
Olmsted County PRL
151 4th St SE	Rochester	MN	55904	Property Tax Collector	172727

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
Interest on Loans	900099	4307548	4307548	$0
Credit Card Income	522210	206688	206688	$0
Loan Income & Fees	900099	1262314	1262314	$0
Member Service Fees	900099	1616021	1616021	$0

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	7392571	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	510770	TotalRevenueColumn
Related Or Exempt Function Income	510770	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	734316	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	807008	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	-72692	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-72692	TotalRevenueColumn
Related Or Exempt Function Income	-72692	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	0	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	0	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	0	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Gaming	0	GrossIncomeGaming
Gaming Direct Expenses	0	GamingDirectExpenses

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	0	GrossSalesOfInventory
Cost Of Goods Sold	0	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	Bargain Purchase Gain	Description
Business Code	900099	BusinessCode
Total Revenue Column	15898	TotalRevenueColumn
Related Or Exempt Function Income	15898	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	15898	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	7846547	TotalRevenueColumn
Related Or Exempt Function Income	7846547	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	1152199	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	456171	Total

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1397444	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	69452	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	226843	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	144599	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	28566	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	47797	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	215752	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	221077	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	291137	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	340371	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	284808	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	52457	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	84936	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	8168	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	36403	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	339041	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	143278	Total

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal
Credit Card Expense	146910
Provision for Loan Loss	290000
Lending Expense	514960

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	80092	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6572461	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1562088	BOY
EOY	1469681	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	26200583	BOY
EOY	31253862	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	326172	BOY
EOY	342732	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	679381	BOY
EOY	665648	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	75545676	BOY
EOY	84243160	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	155937	BOY
EOY	161055	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	7898760	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3004338	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5095623	BOY
EOY	4894422	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	6916955	BOY
EOY	6294270	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	2066646	BOY
EOY	1616837	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	118549061	BOY
EOY	130941667	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	2342539	BOY
EOY	1073960	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	17870	BOY
EOY	6886	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	103134868	BOY
EOY	115331060	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	105495277	BOY
EOY	116411906	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	13053784	BOY
EOY	14529761	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	13053784	BOY
EOY	14529761	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	118549061	BOY
EOY	130941667	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	1274086	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	-19685	ReconciliationUnrealizedInvest
Reconcilation Donated Services	0	ReconcilationDonatedServices
Reconcilation Invest Expenses	0	ReconcilationInvestExpenses
Reconcilation Prior Adjustment	0	ReconcilationPriorAdjustment
Reconcilation Other Changes	221576	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	1	AuditCommittee
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	1797734	OtherCostOrOtherBasis
Book Value	1797734	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	3881509	OtherCostOrOtherBasis
Depreciation	1315453	Depreciation
Book Value	2566056	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	0	Depreciation
Book Value	0	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	1612216	OtherCostOrOtherBasis
Depreciation	1194064	Depreciation
Book Value	418152	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	607301	OtherCostOrOtherBasis
Depreciation	494821	Depreciation
Book Value	112480	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	4894422	TotalOfBookValueLandBuildings
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Member Deposits	Description
Amount	$115,331,060	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	115331060	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	SchD_P10_S00_L02	Identifier
Return Reference	Schedule D, Part X, Line 2	ReturnReference
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 uncertain tax positions, if any, and would accrue for any uncertain tax benefits, if applicable.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Club Dues Or Fees	X	ClubDuesOrFees
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	Kelly McDonough	NamePerson
Title	President/CEO	Title
Base Compensation Filing Org	148852	BaseCompensationFilingOrg
Comp Based On Related Orgs	0	CompBasedOnRelatedOrgs
Bonus Filing Org	28715	BonusFilingOrg
Bonus Related Orgs	0	BonusRelatedOrgs
Other Compensation Filing Org	0	OtherCompensationFilingOrg
Other Compensation Related Orgs	0	OtherCompensationRelatedOrgs
Deferred Comp Filing Org	11259	DeferredCompFilingOrg
Deferred Comp Related Orgs	0	DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org	15565	NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs	0	NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org	204391	TotalCompensationFilingOrg
Total Compensation Related Orgs	0	TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org	0	CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs	0	CompReportPrior990RelatedOrgs

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	SchJ_P01_S00_L01a	Identifier
Return Reference	Schedule J, Part I, Line 1a	ReturnReference
Explanation	The Credit Union paid membership dues to Rochester Park & Recreation for persons listed on Form 990, Part VII, Section A, Line 1a. Membership entitles the Credit Union to use of municipal golf facilities for business development, meetings, and other organizational events.	Explanation

Schedule L IRS990ScheduleL

Loan Table LoanTable (5 entries)

Relationship With OrganizationRelationshipWithOrganization	Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
Kelly McDonough
President/CEO	LOC	X	$10,000	2000	0	1	1
Mark Hettinger
VP Operations	LOC	X	$10,000	10000	0	1	1
Mark Hettinger
VP Operations	1st Mortgage	X	$253,300	232607	0	1	1
Valerie Mathias
VP Finance/CFO	LOC	X	$10,000	9200	0	1	1
Valerie Mathias
VP Finance/CFO	1st Mortgage	X	$463,267	411841	0	1	1

Field	Value	IRS element (for citing)
Total Balance Due	665648	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
F990_P06_S0A_L06	Form 990, Part VI, Section A, Line 6	First Alliance Credit Union is a member owned cooperative.
F990_P06_S0A_L07a	Form 990, Part VI, Section A, Line 7a	The governing body, consisting of seven directors, are elected by the membership base.
F990_P06_S0A_L07b	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.
F990_P06_S0A_L09	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; 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; Elizabeth Kueper 17241 452nd Street Way, Zumbrota, MN 55992; Stan Cram 720 Scenario Ln SW, Rochester, MN 55902
F990_P06_S0B_L11b	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.
F990_P06_S0B_L12c	Form 990, Part VI, Section B, Line 12c	All employee policies, including the Conflict of Interest Policy, are reviewed with staff and volunteers annually.
F990_P06_S0B_L15	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.
F990_P06_S0C_L19	Form 990, Part VI, Section C, Line 19	The organization makes its governing documents and Conflict of Interst 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.
F990_P11_S00_L09	Form 990, Part XI, Line 9	Other changes in net assets or fund balances equals total regular reserves and undivided earnings obtained from merger with Rochester Dairy Cooperative Employees Credit Union on 10/01/12.