PLYMOUTH, Minn. — TruStone Financial FCU announced it has surpassed the $1 billion mark in assets.

The milestone came at the close of Q1, making TSFFCU one of Minnesota's largest financial institutions. To celebrate, TruStone is hosting a "Thanks a Billion" event for members at all TruStone Financial branches later this month.

The lift in assets is the result of a 55% increase in assets over the last four years, fueled largely by year-over-year double-digit growth in lending. Since 2010, TruStone Financial's lending portfolio has grown by more than 80%.

Along with all of that, the CU also worked to improve its credit quality and delinquency ratios. The CU's delinquencies now stand at just 0.26%, and after a steady rise, its net worth ratio is currently 9.70%. Investment performance is also up, and TruStone claims to be the only federal credit union with assets of $1 billion or more to see an investment yield of 2.7% or more for each of the last six years.

"Surpassing the billion dollar threshold validates our mission as an organization," CEO Tim Bosiacki said in a statement. "Advancing the credit union during an unprecedented and volatile market is a testament to the commitment of this organization and the continued mission to challenge traditional banking."

TruStone also recently broke ground on a new branch that it expects to open this fall, and — thanks to mergers during recent years — the CU has expanded from six branches in one state to 11 branches spread across two states.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.