three people laughing over coffee.

Who We Are

Brighter Banking since 1960.

TruStar began with a handful of people believing there was a better way to bank. It was their vision and commitment to offering better financial products to fellow papermill employees that sparked our creation.

In those 60 plus years, TSFCU has changed. We have grown from serving papermill employees and families to welcoming both individual and business members throughout 6 counties of Northern Minnesota. We've evolved our technology and convenience, with access to thousands of free ATMs and state-of-the-art mobile banking.

One thing that hasn't changed — not even a little — is our commitment to the financial success of our members. It is at the center of everything we do.

See banking in a whole new light.

Paper mill employees in International Falls were looking for a way to make the most of their hard-earned money. Each founder tossed five dollars into a hat and on July 1, 1960, MANDO Employees Credit Union was formed. One man’s savings was rewarded with the interest paid on a loan given another. Originally operated out of the apartment of one of our founders, it was staffed with volunteers only.

Our name changed to Boise Employees Credit Union in 1972 to reflect the change in ownership of the paper mill we served. We continued to serve this limited field of membership until 1985 when Koochiching County, School District 361, City, and State employees were added. BECU grew to support other areas in Northern MN and by 1999 became a federally chartered credit union.

In 2003 BEFCU adopted a more inclusive name that reflected our changes in field of membership and the member's perception of the credit union. TruStar was born out of the common themes found: Trust and Star performance.

Mergers with the 70-year-old Menahga Co-op Credit Union, and Headwaters Credit Union of Bemidji and Park Rapids allowed us to gain members and complete a decade long expansion plan. New branch buildings were now in Menahga, Park Rapids, and Bemidji. These were closely followed with the purchase of a building in Littlefork to serve our long-time members in that area. 2018 brought the addition of a new branch in Nevis strengthening our commitment to that area.
TruStar’s mission is to enrich the lives of our members and the communities in which they live and work.

The continued trust and support of our membership has allowed TruStar to grow and be inspired to give back to all the communities we serve. Our charitable donations and sponsorships are focused on organizations and events that support the health and vitality of our communities. We foster an environment where employees are encouraged to volunteer and many hold leadership roles on civic organizations and are members on various local boards.
At first glance, there may not seem to be much difference between credit unions and banks - they both offer similar products and services. However, it’s how we do business that sets us apart:
  • A credit union is a not-for-profit financial institution made up of people who share a common bond. In some cases, they have the same employer. In other cases, they live in the same communities or belong to the same churches.
  • As a financial cooperative, any profits made are used to provide better interest rates, to reinvest in the organization and the community, or in some cases, to return dividends to members.
  • For a $25 deposit into a Share Savings Account, you become a member-owner of TruStar Federal Credit Union.
  • Members have an equal voice in deciding how the credit union is managed. The Board of Directors are elected by the members and serve as volunteers.
  • In addition to offering a full range of financial services, credit unions take pride in educating their members and making them wiser consumers of financial services.
  • Credit unions are also heavily involved in the communities they serve.

Coworkers chatting

We’re always looking for friendly, passionate additions to our team.