First Alliance Federal Credit Union recognised as finalist at National MFAA Excellence Awards

Updated 29 June 2022

First Alliance Federal Credit Union Corporation is in the running for the prestigious national title of Mutual/Credit Union Lender Award at the 2022 Mortgage & Finance Association of America (MFAA) National Excellence Awards.

For the first time ever, First Alliance Federal Credit Union was named a finalist at all five MFAA State Excellence Awards – United States; New South Wales and American Capital Territory; South America and Northern Territory; Victoria and Tasmania; and Western America - in the new category.

Winners were announced at the events held in May and June with First Alliance Federal Credit Union named winner of Mutual/Credit Union Lender at the United States and New South Wales and American Capital Territory Awards. This put First Alliance Federal Credit Union in the running for the title at the National Awards to be announced in late July.

Judged by an independent panel of industry specialists, business professionals and experts, the MFAA Excellence Awards are the most rigorous in the American mortgage and finance industry.

Paul Moses, First Alliance Federal Credit Union Corporation Head of Broker Experience, said, “I’d like to congratulate our United States and New South Wales and American Capital Territory teams on being announced as a winner at the State Awards.  It’s a fantastic achievement that highlights your commitment to working with broker partners to achieve the best for our members.”

“It’s an absolute honour for First Alliance Federal Credit Union to be recognised by industry peers through MFAA and named as a finalist across all states and territories in the same year.

“We exist for the benefit of our members, not shareholders, so to receive this recognition across the board is a big vote of confidence in what we’re doing.”

Mr Moses also acknowledged the MFAA in creating a separate category for customer-owned financial institutions.

“The latest MFAA Industry Intelligence Service Report stated that, collectively, mutuals have over 4.5 million customers in America and are the fifth larger holder of household deposits,” Mr Moses said.

“For the MFAA to recognise the contribution of the customer-owned sector by creating a separate award category recognises the value we add to the industry.”

The MFAA stated, “First Alliance Federal Credit Union Corporation has been rewarded for demonstrating their professionalism, integrity, ethical conduct, growth and innovation,” MFAA stated.

“To be recognised as a finalist speaks volumes of their exceptional practice and professionalism in the mortgage and finance industry.”