First Alliance Credit Union

201 N. 8th St. Lake City, MN 55041



Our Story

“First Alliance Credit Union has been serving SE MN for 90 years! The credit union is on a mission to provide compassionate financial guidance and resources to promote financial well-being for all.  

Visit to learn more or stop by their Lake City branch on North 8th Street today!”

It all started in 1932, during the Great Depression, when the desperate financial needs of a new school teacher in Rochester prompted him and 7 Rochester firefighters to establish their own credit union, Municipal Employees Credit Union (MECU). The first “branch” was located in the original firehouse in downtown Rochester, which was run by the firefighters and other volunteers, and at the time the credit union was only open to Rochester city employees.

By 1996, the credit union had expanded and opened its membership to additional groups in need of a local financial resource they could trust. Thus, the credit union needed a name to reflect the alliance that was formed through all of the new fields of membership, beyond only municipal employees and their families, and that is when First Alliance Credit Union was born.

In 2016, we adopted a new logo and tagline to better express our commitment to our members and the communities we live in. Our logo is representative of the Rochester skyline and the colors speak to our history and our future. Our tagline, “all for one” is simply our commitment that ALL we do is FOR every ONE of our members. That means YOU!

Today, we have grown to serve almost 20,000 members across the 5 South East Minnesota Counties of Olmsted, Dodge, Goodhue, Wabasha, and Winona. Today, membership is open to anyone who lives, works, worships, owns a business, or attends school in our 5 county communities. Family members are also eligible to join! Depositing $5 is all it takes to open an account at Rochester’s original credit union.

No matter where our future takes us, we are committed to offering advice, sharing resources, and providing lending options to everyone in order to assist them in making smart financial decisions through every stage of life.

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