PLYMOUTH, Minn.-- TruStone Financial was recently recognized as one of America’s Best Credit Unions by Newsweek and Plant-A Insights Group.
In addition, TruStone Financial was ranked in the top 1% of credit unions nationwide by Rising Above Enterprises.
Newsweek’s survey of more than 35,000 individuals included 140,000+ reviews of 9,440 regional banks and credit unions. In addition, data included more than 1.3 million social media reviews and 148 million Apple App store and Google Play store reviews to support the scoring model, the credit union noted.
The selected parameters covered various aspects such as profitability, financial relevance, risk exposures to financial uncertainties and overall health and stability of the financial institution.
TruStone Financial also ranks in the top 1% best-performing credit unions in America by Rising Above Enterprises. Principal Jeff Rendel researched the 90th percentile top-performing credit unions for common attributes.
“This list was then condensed to the top 1% or 45 credit unions in the nation -- all sharing consistent membership growth; safety and soundness balanced with earnings; continuous reinvestment; exceptional scale and efficiency in operations; and, ongoing capacity for growth through strong capital,” the credit union said.
“Delivering maximum value to our members is always top of mind,” says TruStone President and CEO Dale Turner. “The recognition by both Newsweek and Rising Above Enterprises is just one more indicator that we are meeting that mission. It is an honor to be included among the most high-performing and well-regarded financial institutions in the nation. Everything we do, we do for our membership.”
TruStone attributes its success to its commitment to excellence and innovation. In 2023, TruStone said it experienced above average growth compared to peer groups, opened a new branch in the northern Twin Cities, supported many local organizations and community service initiatives.