Toro Employees Credit Union Bloomington MN | Affordable Vehicle Loans & Quick Personal Loans

Introduction

Welcome to Toro Employees Federal Credit Union, where your financial well-being is our priority! Established in 1974, we have proudly served the Bloomington community from our location at 8111 Lyndale Ave S, Bloomington, MN 55420. With a membership base of over 3,200 individuals, we are dedicated to fostering strong relationships and delivering personalized financial solutions tailored to meet your unique needs. At Toro Employees FCU, we understand that managing finances can be challenging. That's why we offer a wide range of services designed to support you at every stage of your financial journey. Whether you're looking for checking and savings accounts, auto loans, or mortgage refinancing, we've got you covered. Our total assets amount to an impressive $37,186,223, and with $2,560,289 in deposits and 2,054 loans issued, our commitment to helping you achieve your financial goals is evident. Led by our dedicated CEO, Grant Johnson, and Board President Paul Danielson, our team of five employees is here to guide you. We take pride in maintaining a net worth of $5,387,462, ensuring that we remain a stable and reliable partner for all your banking needs. If you ever have questions or need assistance, don't hesitate to reach out! You can contact us at (952) 208-6441 during our operating hours from Monday to Friday between 8:30 AM and 4:00 PM. While members can visit us at our branch address for in-person services and support, official correspondence should be sent to the same address: 8111 Lyndale Ave S, Bloomington, MN 55420. Join us on this exciting journey towards better financial health. Explore more about what we offer by visiting our website at www.torofcu.org, or come see us in person. Your future starts today with Toro Employees Federal Credit Union!

Branch History & Mission

Community Focus

At Toro Employees Federal Credit Union, we understand that banking is not just about transactions; it's about relationships. We host events and outreach programs aimed at enhancing community engagement and supporting local initiatives. Our team works diligently to create an inclusive environment where every member feels valued. With operating hours from Monday to Friday, 8:30 AM to 4:00 PM, we are here when you need us most. Although we currently do not offer ATM or drive-thru services, our friendly staff is always ready to assist you inside the branch. Join us at Toro Employees Federal Credit Union and experience the difference of being part of a member-focused community. Together, let's work toward achieving your financial goals! For more information or to become a member today, visit us online at Toro Employees FCU or call us at (952) 208-6441.

Our Journey

Since our inception, Toro Employees has been dedicated to providing exceptional financial services tailored to the needs of our members. We began with a simple mission: to empower individuals and families by offering accessible banking solutions. Our commitment to member satisfaction has driven us to expand our services and enhance our offerings continually. Today, we provide personal banking options such as checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards. While members can visit us at 8111 Lyndale Ave S Bloomington Mn 55420, official correspondence should be sent to 8111 Lyndale Ave S, Bloomington, MN 55420. This ensures that all communications are handled promptly and efficiently.

Our Mission

Our mission is clear: we strive to support our members' financial well-being while making a positive impact in our community. We believe that everyone deserves access to quality financial services without unnecessary barriers. Through programs that promote financial literacy and partnerships with local organizations, we actively contribute to building a stronger Bloomington. As part of our commitment to innovation and customer service, we offer digital banking solutions like online banking and mobile payments. This allows you to manage your finances conveniently from anywhere while ensuring compliance with ADA standards for accessibility.

Branch Location & Accessibility

Accessibility and Parking

We take pride in being accessible to everyone. Our branch features ADA-compliant facilities, ensuring that all members can navigate our space comfortably. Parking is readily available so you can visit us without hassle.

Operating Hours and Services

Our dedicated team is here to assist you Monday through Friday from 8:30 AM to 4:00 PM. We offer a variety of personal banking services tailored to your needs, including checking and savings accounts, auto loans, mortgage options, and credit cards with rewards. You can also manage your finances conveniently with online and mobile banking. While we currently do not have ATM services or drive-thru banking available at this location, we are committed to providing personalized service inside the branch. Feel free to reach out via phone at 952-208-6441 if you have any questions or need assistance.

Visit Us Today!

We invite you to come by and discover how Toro Employees Federal Credit Union can help meet your financial needs. Your journey towards better banking starts here! Whether you're opening a new account or seeking advice on loans and financial planning, our friendly staff is ready to assist you. We look forward to welcoming you soon!

Member Eligibility

At Toro Employees, we believe that everyone deserves a supportive community to help them achieve their financial goals. Becoming a member is straightforward and welcoming! If you are an employee of Toro or a family member of someone who is, you're already eligible to join us. We focus on creating a warm environment where members can access personalized financial services tailored just for them. Not only do our members enjoy competitive rates on loans and savings, but they also gain access to exclusive resources and support. Ready to take the next step? Opening an account at Toro Employees is easy! Simply visit our website for more details or apply directly through this link: https://forms.joinmycu.com/mop/255/apply . If you have any questions or need assistance, don't hesitate to reach out at (952) 208-6441. For more information on eligibility criteria, feel free to check out our resource page at . We can't wait to welcome you into our community at 8111 Lyndale Ave S Bloomington Mn 55420!

Business Banking & Commercial Services

Financing Options that Grow with You

Imagine needing to purchase new equipment to expand your production line or funding a marketing campaign to reach more customers. Our commercial loan products can make these possibilities a reality. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services for Everyday Success

In addition to loans, we provide merchant services that simplify payment processing. Imagine being able to accept payments seamlessly whether online or in-person. Our solutions help you manage transactions efficiently, allowing you to focus on what you do best running your business. Located at 8111 Lyndale Ave S Bloomington Mn 55420 in Bloomington, MN, our dedicated team is ready to assist you with personalized service. Call us at (952) 208-6441 during our lobby hours from 8:30 AM to 4:00 PM, Monday through Friday, and let's discuss how we can support your business goals today!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new vehicle? Our auto loans and vehicle financing options are designed to make your dream car a reality. With competitive rates and flexible terms, we work with you to find the right loan that fits your budget. Picture driving off in your new car without the stress of high-interest rates!

Business Banking

We also cater to local businesses with our business banking services, including merchant services and business loans. Whether you're starting a new venture or looking to expand an existing one, our tailored solutions can help your business thrive.

Credit Cards with Rewards

Take advantage of our credit cards with rewards that offer cash back on everyday purchases. Imagine earning points every time you shop or dine out, which you can redeem for exciting rewards like travel discounts or gift cards!

Mortgage Loans & Refinancing

Homeownership is within reach with our comprehensive mortgage loans and refinancing options. We understand that buying a home is one of the biggest investments you'll ever make, which is why our team is here to guide you through the process. If you're already a homeowner, consider refinancing with us to lower your monthly payments or tap into your home's equity.

Online & Mobile Banking

To enhance convenience, we offer robust online and mobile banking services. Accessing your account has never been easier! You can check balances, pay bills, and transfer funds from anywhere using our user-friendly app or website. Plus, with features like person-to-person payments and electronic statements, managing your finances is straightforward. At Toro Employees, we believe in making banking easy and accessible for everyone in Bloomington, MN. For more information about how we can assist you or to open an account today, please give us a call at (952) 208-6441 or visit us online at Toro Employees Federal Credit Union. We look forward to helping you achieve your financial goals!

Personal Banking

Our personal banking services include checking and savings accounts that help you manage your money effectively. Imagine having access to a checking account with no monthly fees and easy online access perfect for your busy lifestyle. You can also set up savings accounts that help you reach your financial goals, whether that's for a vacation or an emergency fund.

Personal Loans & Debt Consolidation

For those unexpected expenses or projects you've been putting off, our personal loans can provide the necessary funds. Additionally, if you're feeling overwhelmed by multiple debts, our debt consolidation loans can simplify your finances by combining them into one manageable payment.

Digital & Online Banking

Key Features

Our online banking services are available 24/7, allowing you to check balances, transfer funds, and pay bills whenever it suits you. You can even send money to friends and family with our person-to-person transfer feature, making it easier than ever to handle everyday expenses. If you prefer using your smartphone, our mobile application gives you on-the-go access to all your banking needs right in your pocket. For added convenience, we also provide e-statements, so you can go paperless and access your account statements securely online. Plus, with electronic signature authorization available, signing documents has never been simpler or more secure.

Security & Accessibility

At Toro Employees, we prioritize the safety of your information. Our online banking platform is equipped with advanced security measures to protect your data while providing a smooth user experience. Whether you're using our desktop site or mobile app, managing your finances has never felt so secure and straightforward. In today's fast-paced world, having easy access to financial tools is essential. Our digital banking services make it simple for you to stay on top of your accounts without the hassle of traditional banking methods. Experience the ease and peace of mind that comes with modern banking at Toro Employees!

Financial Strength

Committed Team

We also take pride in having 5 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share and Deposit Accounts stand at 5,902, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Toro Employees is your trusted partner. Visit us at 8111 Lyndale Ave S Bloomington Mn 55420 or call (952) 208-6441 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $9,748,210 in share certificates and $7,558,980 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Foundation

With a net worth of $5,387,462, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,448 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Strong Lending Capacity

With $559 in used auto loans and $29,339,386 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our $290,444 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $6,710,563 in used vehicle loans and $3,927,067 in new vehicle loans already helping members get on the road. We provide financing options for both new and used vehicles, making it easier than ever to get behind the wheel.

Credit Lines and Unsecured Loans

We also offer credit lines totaling $4,670,000, providing you with flexibility when unexpected expenses arise. Additionally, our unsecured credit card loans can assist with managing day-to-day expenses; however, currently, there are no available unsecured credit card loans offered at this time. For those considering refinancing options or exploring eligibility requirements for any of our loan products, we encourage you to reach out. Our knowledgeable staff can help clarify your options and ensure that you find the best fit for your financial situation. At Toro Employees located at 8111 Lyndale Ave S Bloomington Mn 55420, we are committed to supporting our members' financial journeys. For more information about our loan offerings or to discuss which product might work best for you, please call us at 952-208-6441 during our operating hours from Monday to Friday between 8:30 AM and 4:00 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us help you take the next step toward achieving your financial goals!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $8,480,723, make buying or refinancing simple. Whether you're a first-time buyer or looking to refinance an existing mortgage, our team is here to guide you through every step of the process.

Loan Aggregator

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Ensuring Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This commitment ensures that users receive fair and transparent offers every time they search for loans. Each listing reflects the most current terms available, allowing you to make informed choices based on accurate information.

TORO EMPLOYEES FEDERAL CREDIT UNION