TruStone Financial CU Offers TruRate Checking Nationwide


Availability: Easy Membership Requirement

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.

2.02*%-$20kTruStone Financial Credit UnionTruRate Checking
Accounts mentioned in this post. Rates as of October 27, 2016.

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

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

A $20 monthly fee will be assessed if the balance falls
below the required $2,000 minimum on any given day.

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 ATMs each month are free.


Headquartered in Plymouth, Minnesota, TruStone Financial Credit Union offers membership in a variety of ways which gives virtually any U.S. citizen or resident alien, 18 years or older, an opportunity to join.

Easy Membership - A $5 donation to the TruStone Financial Foundation qualifies for membership. Joining the Foundation can be done through the Credit Union’s online application.

Residency - Individuals who either live, work, worship, attend school, or volunteer in Minneapolis, Saint Cloud, Saint Paul, or Renville County, Minnesota; or the Wisconsin counties of Kenosha, Milwaukee, or Racine also qualify for membership.

Employment/Association - Employees and members of more than 50 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 Credit Union 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 and/or opening a TruRate Checking account can be done online, or in person at any of ten Minnesota branches located in Burnsville, Golden Valley, Maple Grove, Minneapolis (2), Plymouth, Rogers, Roseville, Saint Cloud, and Saint Paul, or any of six Wisconsin branches located in Cudahy (2), Kenosha (3), and Oak Creek.

Credit Union Overview

TruStone Financial Credit Union (NCUA Charter #24354) has an overall health grade of "A" at, with an excellent Texas ratio of 2.57%, based on June 30, 2016 data. In the past year, TruStone has increased its total deposits by $64.82 million, an excellent annual growth rate of 7.51%. Please refer to our financial overview of TruStone Financial Credit Union 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, the Credit Union had doubled its membership and held a total of $307 in assets. Now in its 77th year of operation, TruStone is currently Minnesota’s 3rd largest credit union, with more than 99,000 members and assets in excess of $1.1 billion.

How the TruRate Checking Compares

When compared to the 22 High Yield Reward Checking Accounts tracked by, which are available nationally and have maximum qualifying balances of at least $20k, TruStone Financial Credit Union’s TruRate Checking APY currently ranks fourth.

Interest RateAccount NameCredit Union/Bank
4.59% APYFree Rewards Checking-High (up to $20k)Consumers Credit Union/td>
2.50% APYCash Rewards High Interest Checking (up to $25k)Mid-Illini Credit Union
2.02% APYTruRate CheckingTruStone Financial Credit Union

The above rates are accurate as of 10/26/2016.

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.

moneysaver   |     |   Comment #1
"the first five ATM withdrawals at non-TruStone ATMs each month are free."

Does that mean the CU doesn't charge it's own fee for the first 5 outside ATM uses, and/or, does it mean the CU will reimburse the first 5 out-of-network fees charged by other ATM operators?
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