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.
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.
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.
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.
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.