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TruStar was founded in 1960 by paper mill employees in International Falls who were looking for a way to secure good rates on loans and competitive dividends on their savings. They each tossed five dollars in a hat to form the credit union’s first assets! First known as Mando Employees Credit Union, the credit union later changed it's name to TruStar with a new charter and field of membership.
Membership at TruStar is open to anyone who lives, works, worships or attends school in Koochiching, Beltrami, Hubbard, Wadena, Becker, and northeast St. Louis Counties. Once you join you may remain a member forever, even if you change jobs, relocate or retire.
As a member-owned, not-for-profit organization, we are dedicated to providing quality financial products and services. Unlike other financial institutions that need to generate profits to satisfy stockholders, we return excess earnings to our members in the following forms:
- Competitive dividend rates paid on savings and investment
- Competitive interest rates on loans
- Low or no-cost products and services
In the past few years, TruStar has been recognized by its industry peers and by civic organizations for its financial strength, strategic growth, commitment to the communities it is privileged to serve, and for the quality of its leadership.