Dec, 31, 2023 — TRUSTONE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in PLYMOUTH, MN with 23 branch locations and about $5.00 billion in total assets. Opened 85 years ago in 1939, TRUSTONE FINANCIAL CREDIT UNION has about 214,200 members and employs 560 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUSTONE FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14601 27th Ave N PLYMOUTH, MN 55447 |
| Phone: | (763) 544-1517 |
| Fax: | (763) 595-4039 |
| Website: | https://www.trustonefinancial.org |
| Branches: | 23 branch locations |
| Members: | 214,200 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68722 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,003,146,902 |
| CEO/Manager: | Dale Turner |
| Chairperson: | John Christenson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 213,950,206 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,678,565 |
| Real Estate Loans | 3,009,230,033 |
| Unsecured Loans | 138,863,762 |
| Other Loans | 628,317,819 |
| TOTAL LOANS | 3,776,830,439 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,043,029 |
| Land And Building | 45,112,763 |
| Other Fixed Assets | 7,607,649 |
| NCUSIF Deposit | 35,296,497 |
| All Other Assets | 43,191 |
| TOTAL ASSETS | 5,003,146,902 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 524,000,000 |
| Accounts Payable & Other Liabilities | 66,427,251 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 25,000,000 |
| Share Drafts | 867,460,492 |
| Regular shares | 623,084,934 |
| All Other Shares & Deposits | 2,438,129,094 |
| TOTAL SHARES & DEPOSITS | 3,928,674,520 |
| TOTAL LIABILITIES | 4,544,503,174 |
| Regular Reserve | 0 |
| Other Reserves | 115,586,986 |
| Undivided Earnings | 343,056,742 |
| TOTAL EQUITY | 458,643,728 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,003,146,902 |
| INCOME & EXPENSE | |
| Loan Income | 179,995,526 |
| Investment Income | 40,643,558 |
| Other Income | 12,440,115 |
| Total Employee Compensation & Benefits | 57,164,351 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 41,616,313 |
| Non-operating Income & (Expense) | 802,680 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,699,350 |
| Cost of Funds | 97,350,939 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 51,407,716 |
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