Happy 80th Birthday, TruStone Financial!

Happy 80th Birthday, TruStone Financial!

To celebrate the 80th anniversary of being your neighborhood credit union, here are some highlights from the past eight decades.

June 18, 1939: The charter was approved for Minneapolis Federation of Teachers Credit Union. After only a few months, the credit union had grown to 16 members and a total of $307 in assets.

1949: In just ten years, the credit union grew to 118 members and more than $17,000 in assets.

Wally Spolar, Steve Scarella and Beth Trophy.
Wally Spolar, Steve Scarella and Beth Trophy.

1958:  The credit union updated its slogan to “Teachers Are Your Best Investment.”

1959: In twenty years, the credit union had grown to 725 members and $424,000 in assets.

1967: The credit union’s name changed to the Teacher Federations Credit Union.

1969: In thirty years, the credit union’s membership base grew to more than 3,500 members and a total of $3.98 million in assets.

1971: The credit union became the first in Minnesota to offer Share insurance up to $25,000. Credit union employees were allowed to become members for the first time.

1978: The credit union was one of the first in Minnesota to offer a Visa® Credit Card to its members.

1979: In forty years, the credit union grew to more than 12,500 members and a total of $33.91 million in assets. Personal computers were put to use in the credit union to increase efficiency and capabilities.

1989: 50 years after its founding, the credit union had grown to nearly 27,000 members with assets totaling $100.18 million.

1989: 50 years after its founding, the credit union had grown to nearly 27,000 members with assets totaling $100.18 million.

The credit union celebrated its 50th birthday with a 1950s-themed party.
The credit union celebrated its 50th birthday with a 1950s-themed party.

1999: In the 10 years since its 50th anniversary, the credit union nearly doubled both membership and assets.

2003: The credit union opened its first branch outside of the Twin Cities metro in St. Cloud, Minnesota.

2007: The credit union’s administrative offices moved from its Golden Valley branch to Plymouth, Minnesota to accommodate its growing staff.

2009: The credit union celebrated its 70th anniversary and changed its name to TruStone Financial Federal Credit Union. It now had more than 57,000 members and $621.6 million in assets. The TruStone Financial Foundation was established to reinforce financial education in the credit union’s communities.

2012: TruStone Financial opened four branches in Kenosha, Wisconsin.

TruStone Financial senior executives at the Boone Avenue branch groundbreaking in 2014.
TruStone Financial senior executives at the Boone Avenue branch groundbreaking in 2014.

2015: The credit union now had more than 95,000 members and surpassed $1 billion in assets, making us one of the largest financial institutions in Minnesota.

Longtime TruStone Financial member and board volunteer Fred Sulzbach was named MnCUN’s 2017 Volunteer of the Year
Longtime TruStone Financial member and board volunteer Fred Sulzbach was named MnCUN’s 2017 Volunteer of the Year

Today: We have expanded our membership qualifications to be able to serve our greater communities. We have nearly 100,000 members and $1.4 billion in assets, making us stronger and better able to provide our members excellent financial products, rates and service.

For a more detailed timeline of TruStone Financial’s history, visit our History & Mission page.

https://trustonefinancial.org/about/history-mission/