Sep, 30, 2025 — TORO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMINGTON, MN with 1 branch location and about $40.86 million in total assets. Opened 52 years ago in 1974, TORO EMPLOYEES FEDERAL CREDIT UNION has about 2,977 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TORO EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8111 Lyndale Ave S BLOOMINGTON, MN 55420 |
| Phone: | (952) 208-6441 |
| Fax: | (952) 948-4849 |
| Website: | https://www.torofcu.org |
| Branches: | 1 branch locations |
| Members: | 2,977 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21644 |
|---|---|
| Membership Type: | Manufacturing - Machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,858,817 |
| CEO/Manager: | Lindsay Hawlk |
| Chairperson: | Tyler P Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,728,259 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,522,604 |
| Unsecured Loans | 2,458,344 |
| Other Loans | 12,335,613 |
| TOTAL LOANS | 29,316,561 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -329,159 |
| Land And Building | 0 |
| Other Fixed Assets | 18,338 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 322,315 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,858,817 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 271,454 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,549,441 |
| Regular shares | 10,458,805 |
| All Other Shares & Deposits | 19,978,626 |
| TOTAL SHARES & DEPOSITS | 34,986,872 |
| TOTAL LIABILITIES | 35,258,326 |
| Regular Reserve | 0 |
| Other Reserves | -41,645 |
| Undivided Earnings | 5,642,136 |
| TOTAL EQUITY | 5,600,491 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,858,817 |
| INCOME & EXPENSE | |
| Loan Income | 1,525,794 |
| Investment Income | 219,338 |
| Other Income | 88,926 |
| Total Employee Compensation & Benefits | 496,279 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 471,754 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 140,516 |
| Cost of Funds | 559,948 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 217,394 |
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