Dec, 31, 2022 — TRUSTONE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in PLYMOUTH, MN with 22 branch locations and about $4.46 billion in total assets. Opened 84 years ago in 1939, TRUSTONE FINANCIAL CREDIT UNION has about 206,401 members and employs 550 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: | 22 branch locations |
| Members: | 206,401 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,457,586,337 |
| CEO/Manager: | Dale Turner |
| Chairperson: | John Christenson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 103,421,574 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,170,194 |
| Real Estate Loans | 2,728,557,144 |
| Unsecured Loans | 121,244,592 |
| Other Loans | 614,868,177 |
| TOTAL LOANS | 3,465,385,291 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,286,774 |
| Land And Building | 45,014,547 |
| Other Fixed Assets | 6,876,829 |
| NCUSIF Deposit | 32,177,981 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,457,586,337 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 307,500,000 |
| Accounts Payable & Other Liabilities | 71,716,095 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 911,554,679 |
| Regular shares | 760,836,737 |
| All Other Shares & Deposits | 2,035,310,768 |
| TOTAL SHARES & DEPOSITS | 3,707,702,184 |
| TOTAL LIABILITIES | 4,086,918,280 |
| Regular Reserve | 0 |
| Other Reserves | 89,500,997 |
| Undivided Earnings | 281,167,060 |
| TOTAL EQUITY | 370,668,057 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,457,586,337 |
| INCOME & EXPENSE | |
| Loan Income | 93,576,711 |
| Investment Income | 14,353,051 |
| Other Income | 9,157,474 |
| Total Employee Compensation & Benefits | 41,775,373 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 28,176,031 |
| Non-operating Income & (Expense) | 422,674 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,011,929 |
| Cost of Funds | 18,800,844 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,319,261 |
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