Transit Operations Credit Union Minneapolis MN | Affordable Auto Loans & Quick Personal Loans

Introduction

Welcome to Transit Operations, your trusted financial partner located at 725 N 7Th St, Minneapolis, MN 55411. Since our establishment in 1936, we have been dedicated to serving our community with a commitment to excellence and member satisfaction. With a strong membership base of 673 individuals, we pride ourselves on fostering relationships built on trust and transparency. At Transit Operations, we understand that financial health is vital for both individuals and businesses. That's why we manage a robust portfolio, boasting total assets of $4,061,414 and total deposits amounting to $1,165,056. Our members benefit from our diverse offerings, including auto loans, personal loans, and mortgage refinancing. Currently, we have issued 177 loans and leases, providing essential support to those in need. Our leadership team is passionate about community service. Under the guidance of CEO JoAnn Schultz and Board President Traci Williamson, we strive to create a welcoming environment where every member feels valued. For any official correspondence or inquiries, please note that while you can visit us at our branch location, our mailing address remains the same: 725 N 7TH ST, MINNEAPOLIS, MN 55411. We invite you to explore all that we have to offer by visiting our website at tofcu.org or calling us directly at 612-338-9985. Whether you're looking for personal banking solutions or business services like merchant banking and business loans, we're here for you! Join us today as we work together towards your financial goals!

Branch History & Mission

Community Engagement

At Transit Operations, we value our role in the community beyond just banking. We actively engage in outreach efforts and partnerships that uplift those around us. Our focus on customer-centric initiatives ensures that we remain accessible and responsive, whether through online banking or in-person consultations. As technology evolves, so do we. Our commitment to digital advancements allows us to provide efficient services while ensuring ADA compliance for all our members.

Join Us

If you're looking for a financial partner who genuinely cares about your well-being and success, look no further than Transit Operations. Join us today and experience the difference of being part of a community-focused credit union where your needs come first. For more information or to get started with your membership, give us a call at (612) 338-9985 or visit our website at tofcu.org. We look forward to welcoming you!

Our Mission

Our mission is clear: we aim to provide quality financial services while making a positive impact in our community. We believe that everyone deserves access to the resources they need to achieve their financial goals. Whether it's helping a family secure a home or assisting individuals in managing their debts, we are here for you. While members can visit us at 725 N 7Th St Minneapolis Mn 55411, official correspondence should be sent to 725 N 7TH ST, MINNEAPOLIS, MN 55411 if it differs. We are open Tuesday through Friday from 9 AM to 4 PM, making it convenient for you to reach us.

Branch Location & Accessibility

Accessibility Features

At Transit Operations, we understand that accessibility is key. Our branch is designed with features that accommodate everyone, including ADA compliance and ramps for easy entry. We prioritize making your visit as smooth as possible, ensuring that all members can access our services without hassle.

Operating Hours and Services

Our friendly staff is here to help you from Tuesday through Friday, 9 AM to 4 PM. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgages, we've got you covered. Although we currently do not offer ATM services or drive-thru banking, our team is always ready to assist you in person with any transactions you may need. If you're looking for personal loans or credit cards with rewards, we are here to guide you through your options. With online and mobile banking available, managing your finances has never been easier!

Visit Us Today!

We invite you to come by and experience the welcoming atmosphere at Transit Operations. If you have questions or want more information about our services, feel free to call us at (612) 338-9985. We look forward to seeing you soon!

Member Eligibility

At Transit Operations, we believe that everyone deserves a place to belong, and becoming a member is your first step into our supportive community. If you're looking to join us, you'll be glad to know that eligibility is quite inclusive! We welcome individuals who live, work, or worship in the area, as well as those who are related to existing members. This means that whether you're a local resident or have ties through family, you can easily become part of our family at Transit Operations. The advantages of membership include access to great rates on loans and savings accounts, personalized service, and financial resources tailored just for you. Getting started is simple! You can check out all the details about eligibility by visiting our website at . Once you're ready to open an account, just head over to https://www.financial-net.com/tofcu/lending/internetloans, or give us a call at (612) 338-9985 if you have any questions. Our friendly team is here to help guide you through every step of the process. Join us at 725 N 7Th St Minneapolis Mn 55411, and let's build a brighter financial future together!

Business Banking & Commercial Services

Financing Your Growth

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. Whether you're looking to purchase new equipment, expand your operations, or manage cash flow, our member-focused loans are designed to meet your unique needs. For those outside our membership, we also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that adapt to various business scenarios.

Merchant Services That Matter

In addition to loans, we offer merchant services that simplify payment processing and enhance customer experiences. Imagine being able to accept payments seamlessly at your storefront or online our services make this possible. This means less hassle for you and more convenience for your customers, allowing you to focus on what matters most: growing your business. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses in the area. Join us at Transit Operations, where your business goals become our priority!

Comprehensive List Of Services

Business Banking Support

If you're a business owner, Transit Operations has got your back too! Our business banking services include merchant services and business loans tailored to help you grow your enterprise. From accepting payments to financing expansion projects, we understand what it takes to run a successful business.

Convenient Digital Banking Features

In today's fast-paced world, managing your finances on-the-go is essential. That's why we offer robust online and mobile banking features at Main. Accessing your accounts is just a click away whether it's checking balances, transferring funds, or paying bills from the comfort of your home or while out running errands. While we currently do not have ATM or drive-thru services available at this branch, our friendly staff is always ready to assist you during our operating hours from Tuesday through Friday from 9 AM to 4 PM. If you're ready to explore these services further or have questions about how we can assist you in achieving your financial goals, don't hesitate to reach out! Call us at (612) 338-9985 or visit our website at https://tofcu.org/ today!

Credit Cards with Rewards

To make everyday purchases even more rewarding, consider applying for one of our credit cards featuring rewards programs. Imagine earning points every time you shop, which can be redeemed for travel, merchandise, or cash back.

Flexible Personal Loans

Life can throw unexpected expenses your way, and when it does, our personal loans and debt consolidation options are here to help. Whether it's covering medical bills or consolidating high-interest debt into one manageable payment, we make the process straightforward so you can focus on what matters most.

Home Financing Options

Thinking about buying a home? We provide mortgage loans and refinancing opportunities that allow you to achieve your homeownership dreams. With competitive rates and personalized service, our mortgage specialists will work with you to find the best solution that fits your budget.

Personal Banking Solutions

Managing your finances should be easy and convenient. At Transit Operations, we offer personal banking options that include checking and savings accounts designed to fit your lifestyle. Imagine having a checking account that makes it simple to track your spending while saving for future goals. Our savings accounts can help you build a nest egg, whether it's for a dream vacation or an emergency fund. For those considering purchasing a vehicle, our auto loans and vehicle financing options can get you on the road without breaking the bank. Picture yourself driving off in your new car, knowing you secured an affordable loan with manageable monthly payments.

Digital & Online Banking

At Transit Operations, we understand that convenience and security are top priorities for our members. That's why we offer a robust suite of digital and online banking services designed to make managing your finances easier than ever. With our 24/7 online banking services, you can access your accounts anytime, anywhere, ensuring that you're always in control of your money. One of the key features available is our user-friendly online banking platform, which you can explore at https://tofcu.org/. From checking your account balances to transferring funds between accounts, everything is just a few clicks away. You can also enjoy the benefits of e-statements, allowing you to go paperless and keep track of your financial activity with ease. For those who need to send money quickly, our person-to-person transfer feature makes it simple to pay friends or family without the hassle of cash or checks. Plus, you won't have to worry about electronic signature authorization since we currently do not require it for most transactions, adding another layer of convenience. While we don't currently offer mobile payments or a dedicated mobile application, our online banking service ensures that you can manage your finances smoothly from any device with internet access. Whether you're at home or on the go, you'll have real-time access to your accounts and the ability to make transactions whenever you need. At Transit Operations, we are committed to providing a secure environment for all your online banking needs. Our advanced security measures protect your personal information while ensuring that accessing your accounts remains straightforward and efficient. Experience the ease and peace of mind that comes with digital banking today!

Financial Strength

Growing Membership Base

Total Share and Deposit Accounts: 913, showcasing a strong and growing member base that trusts us with their finances. Your trust motivates us to continually improve our offerings. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Transit Operations is your trusted partner. Visit us at 725 N 7Th St Minneapolis Mn 55411 or call (612) 338-9985 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Lending Capacity

We support our members' financial goals across various sectors with $81 in used auto loans and $1,615,083 in total loans and leases. Our capacity to lend helps empower you to achieve your dreams whether that's buying a car or financing other important life events.

Member-Focused Savings

Members' savings are secured through $247,049 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. While we have $0 from non-member deposits, our focus remains on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $18,100 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 1 full-time employees and 0 part-time employees ready to assist you with knowledgeable service whenever you need it.

Reinvestment for Growth

With $699,749 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This commitment to reinvestment ensures that you receive the best possible service and financial products tailored to your needs.

Solid Financial Health

With a net worth of $717,849, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,767 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans provide some of the lowest rates in the industry, with over $1,124,662 in used vehicle loans and $245,334 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new vehicle or opting for a reliable used one, our financing options make it easy and affordable.

Business Loans

For business owners, our outstanding commercial loans totaling $0 provide the capital needed to grow and expand your ventures. Although we currently do not have any outstanding commercial loans, our team is here to guide you through potential future offerings. In addition to these loan products, we strive to provide exceptional service and support tailored to each member's financial situation. Our experienced staff can assist with eligibility options and answer any questions you may have about our services. For more information or to explore your loan options, feel free to reach out at (612) 338-9985 during our lobby hours from Tuesday to Friday, 9 AM - 4 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. Explore how Transit Operations can support your financial journey today!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $0, make buying or refinancing simple. We also offer refinancing options to ensure you can manage your mortgage effectively.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $0 in loans helping members manage their finances effectively. Whether you need to cover unexpected expenses or want to consolidate debt, our credit card options are designed to be straightforward and beneficial.

Loan Aggregator

Ensuring Accurate 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 adherence ensures that users receive fair and transparent offers. Every loan comparison you see on LendMesh is based on verified data from legitimate financial institutions. This means you can trust that the rates presented reflect actual offers available to you.

Key Benefits of Using LendMesh

LendMesh stands out for several reasons: - Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency in what you see. - No Sponsored Listings: Unlike other platforms that may prioritize lenders based on paid promotions, LendMesh is committed to providing unbiased results. This commitment helps users find the best possible deals without being influenced by marketing tactics. - Real-Time Rate Comparisons: Users benefit from up-to-date loan rates collected from multiple institutions, making it easier to compare options effectively. Thousands of users trust LendMesh for their loan comparisons. One member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This feedback reflects the genuine value that LendMesh brings to its users.

Take Action Today

Ready to start comparing loan offers? Visit LendMesh today and discover the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*