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Overview / Commentary
763-544-1517
14601 27th Ave N Suite 104
Plymouth, MN 55447

TruStone Financial Credit Union is headquartered in Plymouth and is the 5th largest credit union in the state of Minnesota. It is also the 239th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 213 employees and 84,569 members. TruStone Financial Credit Union's money market rates are 14% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must be an employee of several select employee groups within the education community. Also open to those who live, work, worship or attend school in the city of Minneapolis, St. Paul or St. Cloud. - See Details

Reviews (1)

Great local banking option

I got tired of having my accounts in the big name banks that don't care about their customers. I've been with Trustone Financial a couple years now and I'm very satisfied. The employees are competent and helpful. There are several locations all very welcoming.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 TruStone Financial Credit Union had $4.63 million in non-current loans and owned real-estate with $85.12 million in equity and loan loss allowances on hand to cover it. This gives TruStone Financial Credit Union a Texas Ratio of 5.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for TruStone Financial Credit Union decreased dramatically from 8.49% as of March 31, 2013 to 5.43% as of March 31, 2014, resulting in a positive change of 36.02%.This indicates that the balance sheet and financial strength for TruStone Financial Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, TruStone Financial Credit Union has increased its total deposits by $38.47 million, resulting in 4.95% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth TruStone Financial Credit Union has shown is excellent.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. TruStone Financial Credit Union has $945.29 million in assets with $85.12 million in equity, resulting in a capitalization level of 9.00%, which is average.

Institution Statistics

Overall
NCUA #24354
Year Chartered1939
Employees213
Primary Regulator
Assets and Liabilities
Assets$945.29 million
Loans$538.81 million
Deposits$816.39 million
Equity Capital$82.41 million
Loan Loss Allowance$2.71 million
Unbacked Noncurrent Loans$2.28 million
Real Estate Owned$2.35 million
Historic Data - March 2013
Assets$873.47 million
Equity Capital$83.91 million
Loan Loss Allowance$3.17 million
Unbacked Noncurrent Loans$2.28 million
Real Estate Owned$2.77 million
Profit Margin - Quarterly
Net Interest Margin1.09%
Return on Assets0.6%
Return on Equity6.85%
Interest Income$8.40 million
Rates

Always verify rates and promotions with the bank or credit union. We are not TruStone Financial Credit Union, we are a rate comparison website and can not provide official rates or promotions.

TruStone Financial Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--Traditional IRA
0.40%--Roth IRA
0.30%$5k-Health Savings Checking Account
0.25%--MoneyWise Share Account
0.10%--Primary Share Share Account
0.10%--Sub-Share Account
0.10%--Holiday Helper Account
0.10%--Business Share Savings Account

TruStone Financial Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$25k-MoneyWise Money Market Account
0.40%$100k-Business Money Market Account
0.30%$50k-Money Market Account
0.25%--MoneyWise Primary Share

TruStone Financial Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$300-Reward Checking Account
0.10%$1k-RewardPus Checking Account
0.00%--ValueChecking Account

TruStone Financial Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-60 Month CD
1.51%$500-60 Month Business CD
1.10%$500-48 Month CD
1.10%$500-48 Month Business CD
0.86%$500-36 Month CD
0.86%$500-36 Month Business CD
0.55%$500-24 Month CD
0.55%$500-24 Month Business CD
0.45%$500-12 Month CD
0.45%$500-12 Month Business CD
0.35%$500-6 Month CD
0.35%$500-6 Month Business CD
0.25%$500-3 Month CD
0.25%$500-3 Month Business CD

TruStone Financial Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-60 Month IRA
1.51%$500-Business 60 Month IRA
1.10%$500-48 Month IRA
1.10%$500-Business 48 Month IRA
0.86%$500-36 Month IRA
0.86%$500-Business 36 Month IRA
0.55%$500-24 Month IRA
0.55%$500-Business 24 Month IRA
0.45%$500-12 Month IRA
0.45%$500-Business 12 Month IRA
0.35%$500-6 Month IRA
0.35%$500-Business 6 Month IRA
0.25%$500-3 Month IRA
0.25%$500-Business 3 Month IRA
Locations

TruStone Financial Credit Union has 14 locations. Click to view all TruStone Financial Credit Union locations.