Trustone Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410749255 ✦ Plymouth, MN ✦ Designated as a 501(c)(14)

Overview

What is Trustone Financial Credit Union?

Trustone Financial Credit Union, a Minnesota-based credit union with over 700 employees, offers various lending services to its membership. As a state-chartered financial institution, they had 126,303 loans outstanding as of December 31, 2022, with a combined balance of $3.63 billion. Their mission is to engage, educate, and inspire their members to achieve lifelong financial well-being. This community-focused credit union provides its members with the resources and support needed to manage their finances effectively.


Official website here: www.trustonefinancial.org

Is Trustone Financial Credit Union legitimate?

Trustone Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Trustone Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,092,874
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,512,588

For more financial information, click here


Official website here: www.trustonefinancial.org

What is the mission statement of Trustone Financial Credit Union?

Trustone Financial Credit Union is dedicated to helping its members attain financial well-being for the long term. They actively engage, educate, and inspire their members to achieve this goal. The credit union offers various lending services to its membership. As of December 31, 2022, there were 126,303 loans outstanding with a combined balance of over $3.6 billion.


Official website here: www.trustonefinancial.org

Who is the CEO of Trustone Financial Credit Union?

Dale Turner is the Chief Executive Officer/President of Trustone Financial Credit Union. The CEO's salary of Trustone Financial Credit Union is $952,138 and their total compensation is $996,283.


Official website here: www.trustonefinancial.org

What is the revenue of Trustone Financial Credit Union?

Trustone Financial Credit Union's revenue in 2022 was $190,600,595.


Official website here: www.trustonefinancial.org

Who are the executives of Trustone Financial Credit Union and what are their salaries?

The average compensation at Trustone Financial Credit Union during 2022 was $57,387. There are 725 employees and 19 volunteers at Trustone Financial Credit Union.

Here are 25 key members and their salaries (Trustone Financial Credit Union's CEO's salary is $952,138 and their total compensation is $996,283):

    Dale Turner (Chief Executive Officer/President)
  • Compensation: $952,138
  • Related: $0
  • Other: $44,145

    • Michael Geissler (Vp Commercial Lender)
  • Compensation: $483,886
  • Related: $0
  • Other: $40,736

    • Jeffrey Zajac (Mortgage Area Sales Manage)
  • Compensation: $448,082
  • Related: $0
  • Other: $42,782

    • Jo Lee Mcdevitt (Mortgage Consultant)
  • Compensation: $444,146
  • Related: $0
  • Other: $33,448

    • Jeff Erpelding (Vp Investment Services)
  • Compensation: $425,461
  • Related: $0
  • Other: $49,393

    • Philip Young (Chief Legal Officer)
  • Compensation: $380,707
  • Related: $0
  • Other: $48,487

    • Gary Jeter (Chief Technology Officer)
  • Compensation: $380,799
  • Related: $0
  • Other: $48,278

    • Steven Steen (Chief Retail Officer)
  • Compensation: $354,910
  • Related: $0
  • Other: $50,188

    • Daniel Zaczkowski (Chief Financial Officer)
  • Compensation: $348,784
  • Related: $0
  • Other: $47,785

    • Hans Inverson (Chief Operations Officer)
  • Compensation: $333,279
  • Related: $0
  • Other: $54,316

    • Thomas Cochran (Mortgage Area Sales Manage)
  • Compensation: $351,074
  • Related: $0
  • Other: $34,834

    • Nathan Grunzke (Chief Mortgage Officer)
  • Compensation: $342,565
  • Related: $0
  • Other: $36,230

    • Martin Kelly (Chief Marketing Officer)
  • Compensation: $273,974
  • Related: $0
  • Other: $50,554

    • Nicole Hahn Dempster (Chief People Officer)
  • Compensation: $267,903
  • Related: $0
  • Other: $35,393

    • John Christenson (Chair) [Trustee/Director]
  • Compensation: $5,000
  • Related: $0
  • Other: $0

    • Samuel Stern (Secretary) [Trustee/Director]
  • Compensation: $5,000
  • Related: $0
  • Other: $0

    • Doug Nesbit (Director)
  • Compensation: $5,000
  • Related: $0
  • Other: $0

    • Steve Hunziker (Director)
  • Compensation: $5,000
  • Related: $0
  • Other: $0

    • Jennifer Whitlock (Director)
  • Compensation: $5,000
  • Related: $0
  • Other: $0

    • Steve Bohlig (Director)
  • Compensation: $4,183
  • Related: $0
  • Other: $0

    • Darrick Metz (Director)
  • Compensation: $3,947
  • Related: $0
  • Other: $0

    • James Sackett (Treasurer) [Trustee/Director]
  • Compensation: $3,875
  • Related: $0
  • Other: $0

    • Bruce Whitmore (Director)
  • Compensation: $2,286
  • Related: $0
  • Other: $0

    • Kevin Crane (Director)
  • Compensation: $1,986
  • Related: $0
  • Other: $0

    • Evelyn Jones (Director)
  • Compensation: $1,163
  • Related: $0
  • Other: $0


  • Official website here: www.trustonefinancial.org

    Where can I find the form 990 for Trustone Financial Credit Union?

    The Trustone Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.trustonefinancial.org

    Learn more at the official website: www.trustonefinancial.org

    Mission Statement of Trustone Financial Credit Union

    Trustone Financial Credit Union, with its mission, strives to engage, educate, and inspire its members towards lifelong financial well-being. By offering various lending services, this credit union empowers its members to improve their financial situations. As of December 31, 2022, Trustone Financial Credit Union had 126,303 outstanding loans with a combined balance of $3,630,530,830. The organization's commitment to its members extends beyond just providing loans. Trustone Financial Credit Union is dedicated to fostering an environment that encourages financial growth and stability among its members. Through education and inspiration, the credit union helps its members make informed decisions about their finances and work towards securing a better financial future. Trustone Financial Credit Union's mission is to create a community of financially empowered individuals, who are equipped with the knowledge and resources to manage their money wisely and achieve long-term financial success.

    Impact

    This information is meant to be a general summary of Trustone Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Trustone Financial Credit Union's impact lies in its commitment to engaging, educating, and inspiring its members to achieve lifelong financial well-being. Through its lending services, Trustone Financial Credit Union has facilitated 126,303 loans as of December 31, 2022, with a total balance of $3,630,530,830. By offering these services in Plymouth, MN, Trustone Financial Credit Union plays a significant role in supporting its members' financial goals and aspirations.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $21,284,145
  • Program Service Revenue: $169,254,143
  • Gross Receipts: $220,124,244

    • Assets and Liabilities:
  • Total Assets: $4,614,668,122
  • Total Liabilities: $4,227,263,866
  • Net Assets: $387,404,256
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $132,804,876

    MISC OPERATING INCOME

    Revenue

    $24,366,420

    FEE INCOME

    Revenue

    $12,082,847

    Organization Details

    Founding Year

    1939

    Principal Officer

    Dale Turner

    Main Address

    14601 27TH AVE N STE 104, PLYMOUTH, MN, 55447

    NTEE Category

    Code: Z99 - Unknown

    If you are a representative of Trustone Financial Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.