Lenders › First Alliance Credit Union › Minnesota
First Alliance Credit Union in Minnesota
HMDA record for properties in Minnesota, calendar year 2024. National record · Minnesota overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In Minnesota, First Alliance Credit Union reported 344 applications and 143 originations for 2024, $14m in all.
Its denial rate in the state was 47.1%, above the Minnesota rate of 16.9% across all lenders and compared with the lender's national rate of 47.5%.
The median rate spread on its Minnesota originations was 1.0 percentage points (state median 0.4).
Applications in the state were up 13% on 2023.
Compared with the state and the lender's national record
| Measure | In Minnesota | Minnesota, all lenders | First Alliance Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 47.1% | 16.9% | 47.5% | 24.3% |
| Median rate spread, pp | 1.0 | 0.4 | 1.0 | 0.3 |
| Originations with spread of 1.5 pp or more | 20.8% | 13.2% | 20.8% | 15.6% |
| Average originated loan | $97k | $269k | $97k | $329k |
| Home purchase share | 25.9% | 60.9% | 25.9% | 57.0% |
| FHA-insured share | 0.0% | 7.9% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 4.6% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMinnesota, all lenders
Loan purpose and loan type in Minnesota
By purpose
Home purchase 26% (37)Home improvement 14% (20)Refinancing 28% (40)Cash-out refinancing 4% (6)Other purpose 28% (40)
By type
Conventional 100% (143)
Denial reasons as coded
Share of 152 denials in Minnesota by first denial reason coded (outlined bar: all lenders in the state).
Counties in Minnesota
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Olmsted County | 147 | 95 | $11m | 25.5% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did First Alliance Credit Union originate in Minnesota in 2024?
143 loans totalling $14m, from 344 applications reported for properties in Minnesota.
What is First Alliance Credit Union's denial rate in Minnesota?
47.1% of decided applications in Minnesota were denied, against 16.9% for all lenders in the state and 47.5% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Minnesota counties does First Alliance Credit Union lend in most?
By originations: Olmsted County (95).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Minnesota. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.