TruStone Financial Credit Union

Overview / Commentary
14601 27th Avenue North Suite 104
Plymouth, MN 55447

TruStone Financial Credit Union is headquartered in Plymouth and is the 2nd largest credit union in the state of Minnesota. It is also the 87th largest credit union in the nation. It was established in 1939 and as of June of 2021, it had grown to 522 employees and 195,897 members at 24 locations. TruStone Financial Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

TruStone Financial Credit Union is open to anyone who lives in Anoka, Carver, Chippewa, Chisago, Dakota, Hennepin, Isanti, Ramsey, Redwood, Renville, Scott, Sherburne, Stearns, Washington, Wright, Yellow Medicine, The Community of Atwater in Minnesota, and Kenosha, Pierce, St. Croix, Racine, and Milwaukee in Wisconsin. Membership is also available to employees/retirees of one of the TruStone employer groups and education communities.
See current membership details

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.

Great Customer Service, Board Of Directors Grumpy

Trustone is a good credit union as a customer. Staff are friendly and knowledgeable. The benefits of membership keep getting better. Their no-annual fee visa signature card went from 1.0% to 1.5% cashback on every purchase starting 2019. Also offers no international fees on foreign currency transactions abroad while traveling. Very few fees. Outbound external transfers are free, Trurate (high-interest) checking account holders get two free books worth of personal checks per year.

When it comes to voting matters such as their recent merger with Firefly credit union in 2020-2021, the board and the directors wouldn't provide any details about the merger. They seemed so enthusiastic about it, when it made little sense to members of either credit union. Then it turned out Firefly CU's management were all getting sweetheart $250,000 retention bonuses! Didn't like that Trustone staff who are also members get voting rights as well. Whole mail-in ballot process did not feel open and transparent. Less than 10% of existing members voted to begin with.

Staff and lawyers are the only ones who win in a merger of two perfectly healthy credit unions. Just like with publicly traded companies...

If you try to get involved as a member on the board of Trustone, good luck! They are unfriendly and arrogant. They don't like being contacted by members who are eager to learn how credit unions operate compared to banks. Trustone management (who are employees) is friendly enough.

Not For CA

Posted by: |

I called them and told me that one cannot open a CD account if lives in California or any other state except Mi and Wis.

Even if pays the $10 membership for their foundation

Is that true?

TruStone Financial

I have been banking with TruStone Financial Credit Union since I was a little kid. While growing up, they provided the tools I needed to save money after my first job and after receiving gifts from relatives. This Credit Union provided me with basic financial literacy knowledge that I would need to succeed later in life. As I've grown older, I have continued to find TruStone to be very customer-oriented and full of knowledgeable bankers. I have also personally compared their rates with other banks and found that their returns on both CDs and savings accounts to be higher than others. I also have a checking account with TruStone financial and have found the experience to be positive. As long as TruStone remains in business, they will have me as a customer. I would highly recommend TruStone to anyone looking to switch banks or credit unions.



Health Grade Components

NCUA #68722
Year Chartered1939
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD9.83%
Annual Interest Income$56.2MM
Assets and Liabilities
AssetsQ2 2021$3.82B
LoansQ2 2021$2.60B
DepositsQ2 2021$3.33B
Equity CapitalQ2 2021$397.2MM
Loan Loss AllowanceQ2 2021$7.0MM
Unbacked Noncurrent LoansQ2 2021$4.9MM
Real Estate OwnedQ2 2021$5.00K
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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 cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

TruStone Financial Credit Union Savings Account Rates

0.40%--IRA Shares
0.30%--MoneyWise Primary Share
0.30%*$5k*-Health Savings Account
OTHER TIERS: 0.10% Up to $500 | 0.20% $500 - $5k
0.10%--Primary Share
0.10%--Business Share

TruStone Financial Credit Union Money Market Rates

0.60%*$25k*-MoneyWise Money Market Account
OTHER TIERS: 0.30% Up to $500 | 0.35% $500 - $10k | 0.45% $10k - $25k
0.50%*$250k*-Money Market
OTHER TIERS: 0.20% Up to $10k | 0.25% $10k - $25k | 0.30% $25k - $50k | 0.35% $50k - $100k | 0.40% $100k - $250k
0.50%*$250k*-Business Money Market
OTHER TIERS: 0.20% Up to $10k | 0.25% $10k - $25k | 0.30% $25k - $50k | 0.35% $50k - $100k | 0.40% $100k - $250k

TruStone Financial Credit Union Checking Account Rates

2.02%*-$20kTruRate Checking
OTHER TIERS: 0.10% $20k+
0.30%*$25k*-Capital Business Checking
OTHER TIERS: 0.20% $7.5k - $15k | 0.25% $15k - $25k
0.10%--Premium Checking

TruStone Financial Credit Union CD Rates

1.15%$500-60 Month CD
1.15%$500-Business 48 Month CD
1.00%$500-48 Month CD
1.00%$500-Business 60 Month CD
0.85%$500-36 Month CD
0.85%$500-Business 36 Month CD
0.65%$500-24 Month CD
0.65%$500-Business 24 Month CD
0.55%$500-12 Month CD
0.55%$500-Business 12 Month CD
0.35%$500-6 Month CD
0.35%$500-Business 6 Month CD
0.30%$500-3 Month CD
0.30%$500-Business 3 Month CD
0.30%$25-12 Month MoneyWise CD

TruStone Financial Credit Union IRA Rates

1.15%$500-60 Month IRA
1.00%$500-48 Month IRA
0.85%$500-36 Month IRA
0.65%$500-24 Month IRA
0.55%$500-12 Month IRA
0.35%$500-6 Month IRA
0.30%$500-3 Month IRA


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