MORTGAGES

All rates and terms are subject to change without notice.  These rates apply to loan amounts of $100,000 and for the purchases of owner-occupied, single-family primary residences.  Other mortgage programs are available.  Interest rates are subject to change daily and without notice.  For an up-to-date rate quote, please contact a mortgage representative at (800) 866-8199, Option 5.  Contact the Loan Department for rates on second homes, investment properties or jumbo loans at info@firstalliancecu.com.

FIRST MORTGAGES Week of May 5, 2008
TERM/TYPE	INTEREST RATE	ANNUAL PERCENTAGE RATE
15-Year Fixed	5.375%	5.655%
30-Year Fixed	5.875%	6.045%

CONSTRUCTION LOANS Effective: 1/1/2008
INTEREST RATE	APR
6.50%	7.246%

APR=Annual Percentage Rate on the loan. All rates and terms are subject to change daily and without notice.  For more information, terms and conditions contact the Loan Department (800) 866-8199, Option 5.

HOME EQUITY LINE OF CREDIT: HELOC Effective: 5/1/2008

Rates as low as 5.00%APR* *APR=Annual Percentage Rate on the loan. Rate applies to new home equity lines of credit as of May 1, 2008. Rate is tied to the variable rate Prime. The index is the Prime Rate published in the Wall Street Journal. Rate subject to change without notice. Contact a Member Service Representative for details. (507) 288-0330.

HOME EQUITY FIXED RATES Effective: 3/19/2008 Rates as low as 6.25%APR* Loans available up to 100% Loan to Value. Please contact a Member Service Representative for program rates and terms. (507) 288-0330 mailtinfo@firstalliancecu.com

*APR=Annual Percentage Rate on the loan.  Rates are quoted "as low as" and are subject to an evaluation of your credit. Rates may vary from rates shown.