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Our Story

Committed to your financial well-being and success.

It all began with a few teachers and a dream. Back in 1939, eight Minneapolis teachers decided to take control of their own financial security. They formed the Minneapolis Federation of Teachers Credit Union. Over the years the credit union has endured name changes, added field of memberships and expanded across the Midwest. In 2020 a merger with Firefly Credit Union – Minnesota’s first financial cooperative – made us the second-largest credit union in the state. But your goals have always been our priority, and we exist to help you reach them.

As a not-for-profit financial institution, we're different from a bank because our members are our owners (people who live, work, worship, attend school, or volunteer in our membership area). Our profits are returned as competitive rates, higher investment returns and fewer fees. 

Our mission, vision and values are at the heart of what we do.

They are equal parts of a whole and together they serve as a benchmark measuring our accuracy of brand execution.

Our Mission:

What we do...
We engage, educate and inspire our members to achieve lifelong financial well-being.

Our Vision:

Who we are/who we strive to be...
TruStone Financial is a credit union driven to create exceptional financial experiences.

Our  Core Values:

How we work with our members and with each other...
  • Integrity // Act in the best interest of our members.
  • Collaboration // Think independently. Work collectively.
  • Simplicity // Deliver frictionless service. Be easy to work with.
  • Energy // Be tireless in our pursuit of excellence.
  • Continuous Improvement // Demonstrate an eagerness to learn and evolve.

Great organizations start with great leadership.

We are proud of those who help guide TruStone forward every day.
To contact our Board of Directors, please send us a message
To inquire about our Volunteer opportunities, please fill out our form.



Board of Directors
John Christenson – Chair
Darrick Metz – Vice Chair
Doug Nesbit – Treasurer
James Sackett - Secretary
Anne Ziebell 
Tom Alagna
Steve Bohlig
Lori Bonin
Kevin Crane
Steve Hunziker
Samuel Stern
Jennifer Whitlock
Bruce Whitmore
Roberta Oveson – Associate Director

Supervisory Committee
Brian Lee - Supervisory Committee Chair
Bob Larson - Supervisory Committee Secretary
Esmail Harunany - Supervisory Committee Member
Teena Liu - Supervisory Committee Member
Lenny Newman - Supervisory Committee Member

Dale Turner - President and Chief Executive Officer
Nathan Grunzke - EVP/Chief Mortgage Officer
Cole Hahn - EVP/Chief People Officer
Hans Iverson - EVP/Chief Operations Officer
Gary Jeter - EVP/Chief Technology Officer
Marty Kelly - EVP/Chief Marketing Officer
Steve Steen - EVP/Chief Retail Officer 
Phil Young - EVP/Chief Legal Officer
Daniel Zaczkowski - EVP/Chief Financial Officer

There is no financial institution quite like a credit union.

While we are similar to banks in the services we offer, our structure and our mission are very different.
We also love sharing our knowledge of the credit union difference. Ask us to learn more.





Profits return to members as lower loan rates, higher deposit rates, & lower/fewer fees

Return profits to a small group of stockholders

Invests directly back to members

Invests in corporate bonds or the stock market

Serves a specific field of membership (TruStone, for example, serves the Twin Cities, St. Cloud, and Milwaukee area.)

Serves general public

Members "own" a stake in the organization

Controlled by stockholders and paid officials

Member service-driven


Federally insured by NCUA

Federally insured by FDIC

Volunteer member-elected Board of Directors represents interests of members

Paid Board of Directors represents owners; customers without voting privileges

Enjoy a brighter experience.


Your Neighborhood Credit Union

For more than 80 years, TruStone Financial has worked to improve the financial well-being of our neighbors. From your first checking account, home loan or auto loan, to intuitive digital banking, we have the products, services and technology to make managing your money simple. Learn more about becoming a member.