TruStone Financial Credit Union TruRate Checking Remains Competitive


Deal Summary: TruRate Checking, 2.02% APY on qualifying balances between $2k and $20k, minimum $2k opening deposit.

Availability UPDATE: 7/23/2020 - Easy membership requirement within “footprint.” Details in Availability section below.

Minnesota-based TruStone Financial Credit Union (TruStone Financial) has been offering its rewards checking account (RCA), TruRate Checking, for five years. The original rate and balance are still in effect today: 2.02% APY on qualifying balances between $2k and $20k, and 0.10% APY for balances over $20k and non-qualifying balances alike. TruStone Financial has made this RCA even more attractive by including the TruRate Checking in its current $150 checking bonus promotion.

In addition to the rate and the balance cap remaining unchanged since 2015, the qualifying requirements are still the same.

  • Must have active Visa credit and debit cards, with at least 12 monthly transactions.
  • Be enrolled in eStatements.
  • Maintain a minimum daily balance of $2k

Unlike a Kasasa Cash account that has no monthly service fee or any type of minimum balance requirement, the TruRate Checking account has both.

Monthly fee: $20, which is waived if you maintain a $2,000 balance.

There is a limit of one TruRate Checking account per household. The minimum opening deposit is $2k, and the first five ATM withdrawals at non-TruStone FInancial ATMs each month are free.


Headquartered in Plymouth, Minnesota, TruStone Financial Credit Union’s field of membership is wide and varied, giving virtually any U.S. citizen or resident alien, 18 years or older, an opportunity to join has changed.

UPDATE 7/23/2020: Limited Easy Membership - A $10 donation to the TruStone Financial Foundation qualifies for membership for those individuals who live in the geographic footprint described below. Joining the Foundation can be done through the TruStone Financial’s online application.

Residency - Individuals who live, work, worship, attend school, or volunteer in any of the following also qualify for membership:

  • Minnesota counties of Chippewa, Redwood, Renville, or Yellow Medicine;
  • Minnesota cities of Minneapolis, St, Paul, or St. Cloud (Zip Code 56301);
  • Wisconsin counties of Kenosha or Racine.

Individuals who live or work in Milwaukee County, Wisconsin also qualify for membership, as do the residents of Atwater, Minnesota.

Employment/Association - Employees and members of more than 40 businesses and organizations are eligible to join.

Educational Community - Members and employees of more than 20 educational organizations qualify for membership.

Relationship - Family members of current TruStone Financial members are also eligible to join.

Complete membership details can be found on the Become A Member page, or on the first page of the online application.

Joining TruStone Financial and/or opening a TruRate Checking account can be done online, or at any of eleven Minnesota branches located in Burnsville, Golden Valley, Maple Grove, Minneapolis (2), Oakdale, Plymouth, Rogers, Roseville, Saint Cloud, and Saint Paul, or four Wisconsin branches located in Cudahy, Kenosha (2), and Oak Creek. (TruStone Financial reopened all its branches at the end of May.)

A primary share account ($5 minimum deposit) is required
to become a TruStone Financial member and owner.

TruStone Financial participates in the CO-OP ATM network, but not in the Shared Branching network.

Credit Union Overview

TruStone Financial Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 1.29% (excellent), based on March 31, 2020 data. In the past year, TruStone Financial has increased its total non-brokered deposits by $163.37 million, an excellent annual growth rate of 14.81%. Please refer to our financial overview of TruStone Financial Credit Union (NCUA Charter #24354) for more details.

TruStone Financial Credit Union was established in 1939 as the Minneapolis Federation of Teachers Credit Union by eight teachers. After just a few months of opening its doors, the Credit Union had doubled its membership and held a total of $307 in assets. Now in its 82nd year of continuous operation, TruStone Financial is Minnesota’s third largest credit union, with more than 105,000 members and assets in excess of $1.5 billion.

How the TruRate Checking Compares

When compared to the nationally available High Yield Reward Checking Accounts tracked by that have maximum qualifying balances of at least $20k, TruStone Financial Credit Union’s TruRate Checking APY currently ranks fourth.

The above rates are accurate as of 7/16/2020.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account rates table or our Rates Map page.

Related Pages: Minneapolis checking accounts, Milwaukee checking accounts, reward checking accounts, nationwide deals

  |     |   Comment #1
Ken, how about a series on currency of financials being released by FIs?
TruStone Financial Credit Union Offers $150 Checking Bonus
Deal Summary: $150 checking bonus available now through August 16, 2020.

Availability UPDATE: 7/23/2020 - Easy membership requirement within “footprint.” Details in Availability section below.

Now through August 16, 2020, Minnesota-based TruStone Financial Credit Union (TruStone Financial) is offering a $150 cash bonus on new checking accounts. TruStone Financial offers three different checking accounts, including a rewards checking account, and all three are eligible for the bonus.

$150 Bonus Requirements

Qualifying for the cash back bonus is dependent on completing two requirements within 45 days of account opening:

  • Total...
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Availability: Easy membership requirement

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TruStone Financial Credit Union’s (TruStone Financial) 20-month CD Special was added to the most recent CD Rates Summary as an NTS (New to Summary) CD. The 2.50% APY has been in effect for almost a year, rising toward rate-leader status as other rates have fallen.

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TruStone Financial CU Offers TruRate Checking Nationwide
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Minnesota-based TruStone Financial Credit Union’s (TruStone) TruRate Checking account has been part of the product line since May 2015. The initial 2.02% APY on qualifying balances up to $20k is still in effect. Balances over $20k and non-qualifying balances earn 0.10% APY.

TruRate Checking Qualification Requirements

  • Must have active Visa credit and debit cards, with at least 12 monthly transactions.
  • Be enrolled in and participate in Online Banking and eStatements.
  • Maintain a minimum daily balance of $2k

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.