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Filing year 2024

FIRST ALLIANCE CREDIT UNION

Rochester, Minnesota·EIN 41-0429399·14
Total revenue
$21.3M
Total assets
$270.3M
Total expenses
$19.1M
Reported officers
15
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

SVP of Finance - CFO
$474k
$510k
Base
$215k
Bonus
$31k
Other
$152k
Benefits
$25k
$362k
$390k
Base
$233k
Bonus
Other
$518
Benefits
$39k
Chief Revenue Officer
officer (unspecified)
$199k
$214k
Base
$130k
Bonus
$20k
Other
$342
Benefits
$39k
AVP Digital Services Technology
highest compensated employee
$182k
$196k
Base
$118k
Bonus
$18k
Other
$309
Benefits
$38k
Controller
highest compensated employee
$181k
$195k
Base
$141k
Bonus
$16k
Other
$222
Benefits
$19k
AVP of Marketing
highest compensated employee
$155k
$167k
Base
$104k
Bonus
$17k
Other
$295
Benefits
$27k
$111k
$119k
Base
Bonus
Other
$111k
Benefits
Board Director
board member
$4k
$4k
Board Chair
board chair
$4k
$4k
Board Director
board member
$3k
$3k
Board Director
board member
$2k
$2k
Board Director
board member
$2k
$2k
Vice Chair
board vice chair
$1k
$1k
Board Secretary
board secretary
$1k
$1k
Board Director
board member
$975
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 1%
from 2023

From $480k in 2023 to $474k in 2024.

$480k
2023
$474k
2024
In today's dollarsEst.
Down 4% in real terms$530k to $510k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FIRST ALLIANCE CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$20.7M
$18.1M
2023
$21.3M
$19.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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