Toro Employees Federal Credit Union

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A short history of Toro Employees FCU

Since its inception in 1974 the Toro Employees Federal Credit Union has been serving its members in the BLOOMINGTON, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Grant Johnson, the Toro Employees FCU has grown its membership to over 3,084 with assets of more than $28,528,913. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (952) 887-8041 or email them at torocreditunion@toro.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BLOOMINGTON, MN.

General Information For Toro Employees FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 21644
Address 8111 LYNDALE AVE S 
City BLOOMINGTON 
State Minnesota 
Zip-Code 55420
Phone Number (952) 887-8041
Fax Number (952) 948-4849
Email Address: torocreditunion@toro.com
CEO/President Grant Johnson
Members 3,084 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 28,528,913 
Website http://www.torofcu.org 

Compare Toro Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Ziegler CU Ziegler Federal Credit Union 901 W 94th St 55420 (952) 885-8183 No 0.70
Richfield-bloomington CU Bloomington 4025 W Old Shakopee Rd 55437 (612) 798-7100 No 2.27
Star Choice CU Heritage 800 N 1st St 55437 64706 No 2.96
Firefly CU Chanhassen 7905 Great Plains Blvd 55317 (952) 882-5858 No 3.35
Soo Line CU SLCU Brooklyn Crossing 3200 Northway Dr Ste 380 55429 (763) 569-9977 No 6.48

Toro Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Toro Employees Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 3.67 6.12 3.24 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 233 455 43 132
Rank Among All Minnesota Credit Unions N/A 47 70 4 15

Toro Employees Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.20 0.35 0.94 1.03
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 108 89 184 154
Rank Among All Minnesota Credit Unions 12 10 11 17 9
Toro Employees Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 12.5508661,460,909
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.6702744,453,970
Used Vehicle Loans 6.1205124,402,369
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.240494,681,161
Total Other Real Estate Loans/Lines of Credit 4.2502335,488,116
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 9.26083758,206
TOTAL LOANS & LEASES 2,01721,244,731

Toro Employees Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 494,681,1611170,000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 32739,9785124,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2014,748,138171,054,000
Open-End Fixed Rate 0000
TOTALS 28210,169,277231,348,000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Toro Employees Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes