News from your credit union.
Public Notice of Patronage Dividend
February 25, 2025
TruStar Federal Credit Union is pleased to announce the payment of a Patronage Dividend to our valued members.
$750,000 has been divided amongst TruStar's eligible members and deposited into their accounts on February 25, 2025. "When our capital exceeds our goal for the year, the excess is returned to our members in the form of a Patronage Dividend" stated Kipp Raboin, President/CEO. This amounts to $5.5 million since 2013.
TruStar is a not-for-profit cooperative, which means members are owners of the credit union, and therefore share in a portion of the credit union's profits. "This is a perfect example of what being a member of a financial cooperative is all about - sharing the success of the business."
With assets more than $340 million, TruStar currently serves over 18,500 members throughout Koochiching, Beltrami, Hubbard, Becker, Wadena, and Northwest St. Louis Counties. To learn more about TruStar Federal Credit Union including how to join, click this link.
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