First Alliance Credit Union Foundation, Inc.

Overview

The First Alliance Credit Union Foundation, Inc. is a 501(c)(3) non-profit organization established by First Alliance Credit Union. The foundation aims to support the financial well-being of the community by aiding other non-profits focused on improving the lives of financially stressed families and individuals.

Purpose

The foundation was created with the vision of building a more compassionate community. Its goal is to enhance financial stability within the community, recognizing it as a cornerstone for healthy living and economic contribution. By supporting local non-profit organizations, the foundation seeks to foster a more financially robust community environment.

Activities

• Funding and Donations: The foundation accepts community donations and uses them to provide funding to non-profit organizations in the Rochester area. These organizations focus on helping families and individuals facing financial challenges.
• Community Support: By supporting local non-profits, the foundation contributes to initiatives that promote financial stability and well-being among community members.

Relationship with First Alliance Credit Union

First Alliance Credit Union, which established the foundation, has a long history dating back to 1932. Originally founded as Municipal Employees Credit Union, it evolved into First Alliance Credit Union in 1996 to reflect its expanded membership base. The credit union serves over 20,000 members across southeastern Minnesota and is committed to providing financial services and guidance to its members.

Membership and Engagement

Membership in First Alliance Credit Union is available to individuals who live, work, or have ties within specific Southeastern Minnesota counties. Additionally, donating to the First Alliance Credit Union Foundation is another eligibility criterion for membership. This aligns with the foundation's mission to engage the broader community in its efforts to improve financial wellness.