# TRUSTONE FINANCIAL
PLYMOUTH, MN · NCUA charter 24354 · asset band $1-10B · latest filing 2020-09 · stopped filing after 2020-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/trustone-financial-24354

Who the members are: federal charter, multiple common bond, organized 1939, low-income designated. 107,847 members of 2,113,000 potential (5.1% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.79B |
| Members | 107,847 (0.1% YoY) |
| Full-time staff | 322 |
| Net worth | $193.5M |
| Net worth ratio | 10.8% (p68 of band) |
| ROA (annualized) | 1.83% (p99 of band) |
| Total delinquency | 0.13% (p8 of band) |
| Net charge-offs (annualized) | 0.09% (p9 of band) |
| Loans / shares | 85% (p65 of band) |
| Cash / assets | 9.2% |
| Borrowings / assets | 2.37% |
| Net interest margin | 2.69% (p56 of band) |
| Operating expense / assets | 3.04% (p61 of band) |
| Vehicles % of loans | 17% (p16 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 62% (p28 of band) |
| Vehicle delinquency | 0.14% (p21 of band) |
| Vehicle NCO | 0.53% (p54 of band) |
| Repossessed % of vehicle book | 0.00% (p14 of band) |
| Real estate % of loans | 76% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 159% |
| Core shares % of member funds | 43% |
| Certificates % of member funds | 17% |
| Average share balance | $7,168 |
| Participations bought / yr | $0 |
| Participations sold / yr | $53.0M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $22,878 |
| Loans granted, annualized | $1.31B |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | leaning on borrowings |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 | expense trap | leaning on borrowings |
| 2017-06 | 0 |  | expense trap |
| 2017-09 | 2 | net worth falling, leaning on borrowings |  |
| 2017-12 | 1 |  | net worth falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | members leaving |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | leaning on borrowings |
| 2019-06 | 2 | delinquency rising |  |
| 2019-09 | 1 | leaning on borrowings | members leaving, delinquency rising |
| 2019-12 | 2 | net worth falling |  |
| 2020-03 | 0 |  | leaning on borrowings, net worth falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2024-02-06 [TruStone Financial Credit Union Becomes League Premier Sponsor - Minnesota State High School League](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOa0JmSWZwU3J3anBPQTN5RkV4OUh4VlR3YzZOR1VXRmdUT0IzRG5PWGJyNzRwdG9XZkRYdDZ1bGdlRHEwTEVMWjJWdk8wNnAxWnRBYmtUZVVzUlBrOVlsM3FqcHBhOVU2a3Z5MDRWM1BXX2h3bVRXenlWX0FCQUlVQXF2cHNnMnZYQ01tNFI2X0NDTHl2YWxZVWpYN3N2a2N2U0JJcm1xRkdsOVk?oc=5) · Minnesota State High School League
- 2026-06-11 [Did your employer make Minnesota’s Top Workplaces list? - startribune.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOcWdSWDdmLVl5a1VCc3pPa2RWeTRiTlk4cU9tc0hPMlVaNS1sY0FicG5xNmNyamw5SjFTeVZ6RFdJYU51bFdoelI5dmE3c0pKRURuMlk0NTlBblRHUXA0akpoQ1JGeUhNblBJVzYxZ1lIdEpCNHAxZUFTX2xzYkIwcUxEZm9TWWs1UTBlYk5pTGVMQkU?oc=5) · startribune.com
- 2025-11-14 [Top Women in Finance 2025: Lisamarie Meyer - Finance & Commerce](https://news.google.com/rss/articles/CBMieEFVX3lxTFB1U1l2emNBd2xUT1lqcW5oRWhBWGx5ejlTb3g3bUZVWWI2SXVpVFlUSGotWXVDeE9YV3RnaWx4MHZ5QnE4WGtka1JPWEFTckxFUVpPaFd6S2xXS2ZDZTdWcmhucXkyR2VQMkFuQUdjN2tfRzNLRHc1Tw?oc=5) · Finance & Commerce
- 2025-08-20 [TruStone Financial to open fifth Milwaukee-area branch - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPUTBsNEtncjk3SEczeC15aUZiV05lZExyamJnV1RWRHZmVnViZ2tfSEEzR1UzRmFZMVNJbF9aVjJ4RjlwcHJfYWJqaUwyTjg4bG5ELW1UekcwSEFlY0Q5dkRLQTFlazI0aHNqVWVLZ1JZMDUwdEszLXpub2xBckR4VTdrd21rcFRGZDVjX1RFLUpxbmpMRjBBaGxNYlM3OU5XeHZqRW1B?oc=5) · The Business Journals
- 2020-05-06 [Firefly and TruStone Announce Merger Plans - Twin Cities Business](https://news.google.com/rss/articles/CBMib0FVX3lxTE1xRVp2YnZ3NmVGdm9DN2ZoZkhYY3g3bDZtRDh5LUxBX25mZ0pZSnpnU0lKNXJZYVRMMmliNzdKVTFnV1d6MnozMnlWTXdvMWhKN3dfTm42bktqWnEtVnJhX2cwVGVGYXJYREJJMmhMdw?oc=5) · Twin Cities Business
- 2018-03-08 [TruStone Financial announces new Oakdale branch manager - CUInsight](https://news.google.com/rss/articles/CBMinAFBVV95cUxNN21SWlpHX3FuWUpicUtiLVJleU1VOEtQU1ppTFdzYjJDOUd2VmRXaWluUDdRb3hzVGd2ejhJUVB0S19FRGFkTUotRl9ZV1l6X1F2bWhISGFuX2c3RS02SVZMRVlPWVRaYVpZVjVCUDBNTlFHNHZYT1dnNkZDdmtUYngtWk1ZVG81MUx0WXhXOC0tRHRjM0lpZTZYUC0?oc=5) · CUInsight
- 2020-12-29 [TruStone Financial Credit Union and Firefly Credit Union Merger Approved - GlobeNewswire](https://news.google.com/rss/articles/CBMi3AFBVV95cUxPY3NJNkh3REpLekxMR2lFLW5EMW9PNWEtUTFEbzZ3dzZUR1NNTklKM0V3bDJUQ1Z4V204SmlUVkZ4cXNwYVgwNDFITzJnRE9nTlFTWHBSU1cwWlctelE5dDRLdWsycm44T2t2Nk5wdThzQ2ZQelFOZXdiSDdKUTR2ak52RkVJZmZlbmM4SURHTGdDdGJzV2Q5M3czNHBZMGVCSTR0d2VPcE9waVB0aDBfaElfXy1iNEYwNl8wb01MRTZzVEFsaEUzMnZaYU55cGhkU2RvNHVIWXE5WVpF?oc=5) · GlobeNewswire
- 2022-04-24 [Business People: TruStone Financial CEO joins Fed advisory council - Pioneer Press](https://news.google.com/rss/articles/CBMipwFBVV95cUxNcW5oSEtzYkNUMXVVYlZFMTFTVVRhZ3I0cjNPSUlsMVNKLXp6UkhHTmo1b05MRm50MmRyLXRxVUVHTGU2cEp1bGd6RFcwWGtmbVFOT0hXcGRYM29EVlNXS0x5RzFSY1VUWkZ0VUZrLVU3ckxoOTdDWG5mNzBhWTMyU3ZycU5ZeW5GcUFkTE52X0dhSTNOVUNTTFBvUS00dVB2TkhHOXJXVQ?oc=5) · Pioneer Press

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24354 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/34.json (key "24354", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=24354
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide