Sep, 30, 2025 — TRUSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in INTERNATIONAL FALLS, MN with 6 branch locations and about $363.56 million in total assets. Opened 66 years ago in 1960, TRUSTAR FEDERAL CREDIT UNION has about 19,018 members and employs 86 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUSTAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 4th St INTERNATIONAL FALLS, MN 56649-2436 |
| Phone: | (218) 283-2000 |
| Fax: | (218) 283-8034 |
| Website: | https://www.trustarfcu.com |
| Branches: | 6 branch locations |
| Members: | 19,018 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24626 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $363,557,274 |
| CEO/Manager: | Kipp L Raboin |
| Chairperson: | Michael J Lemieux |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 52,960,036 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 351,000 |
| Real Estate Loans | 171,704,578 |
| Unsecured Loans | 7,298,480 |
| Other Loans | 82,428,083 |
| TOTAL LOANS | 261,720,860 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,629,262 |
| Land And Building | 9,376,768 |
| Other Fixed Assets | 1,650,099 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,550,148 |
| All Other Assets | 35,883 |
| TOTAL ASSETS | 363,557,274 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 709,493 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,282,435 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 81,681,113 |
| Regular shares | 134,363,040 |
| All Other Shares & Deposits | 87,432,858 |
| TOTAL SHARES & DEPOSITS | 303,477,011 |
| TOTAL LIABILITIES | 308,468,939 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 55,088,335 |
| TOTAL EQUITY | 55,088,335 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 363,557,274 |
| INCOME & EXPENSE | |
| Loan Income | 12,734,105 |
| Investment Income | 1,850,599 |
| Other Income | 1,284,239 |
| Total Employee Compensation & Benefits | 6,340,725 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,885,979 |
| Non-operating Income & (Expense) | 3,401 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 266,870 |
| Cost of Funds | 3,321,715 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,916,941 |
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