TruStone Financial Named Among Top-Performing Credit Unions Nationwide

PLYMOUTH, Minn. (April 23, 2020) – TruStone Financial Federal Credit Union, Minnesota’s third largest credit union, was named one of the 50 top-performing U.S. Credit Unions in 2019 by S&P Global Market Intelligence. The Minneapolis-based credit union was ranked 39th on a list of 584 qualifying credit unions across the nation.

S&P Global Market Intelligence is a leading provider of financial and industry data, research, news and analytics to specific industries and companies that comprise those markets. S&P Global Market Intelligence ranked the nation’s credit unions using five core financial performance metrics: member growth, market growth, operating expense as a percentage of operating revenue, net charge-offs as a percentage of average loans and delinquent loans as a percentage of total loans. To be eligible for ranking, credit unions had to report more than $500 million in total assets and a net worth ratio of at least 7% as of Dec. 31, 2019.

“We at TruStone are proud to be recognized for our performance during our milestone 80^th year of service in 2019,” says Tim Bosiacki, Chief Executive Officer at TruStone Financial. “Our consistent and stable performance, along with our best-in-class member experience, affirms our standing as we continue to provide the service, value and latest technologies our members deserve.”