News and Information
Our Bemidji office has formed a team for Walk MS—a charity walk that is changing the lives of people with MS and helping fuel progress toward a world free of MS.
Walk MS is a charity walk series that takes place in over 550 locations with more than 300,000 people participating annually. Established in 1988, Walk MS has raised more than $970 million to drive groundbreaking research, provide life-changing services, and guarantee a supportive community for those who need it most.
This year's event in Bemidji will take place on May 6, 2017 at the Gillett Recreation Center on the Bemidji State University campus starting at 9 a.m.
Through different fundraising initiatives, our team has raised over $1,800 so far. You can support our team by stopping by the Bemidji lobby to purchase tickets to win one of three gift baskets on display. Let's create a world free of MS together!
As a not-for-profit that is cooperatively owned by our members, the entire credit union benefits when our members engage and participate in their ownership. That’s why we invite our members to attend our annual meeting each year. It’s an opportunity for you to meet our management and elected board and other volunteers as well as many of the other employees who serve the membership. It’s also an occasion that we use to report on the performance of our mutually owned credit union and look ahead to the future.
Why Do Credit Unions have Annual Meetings?
When you opened your deposit relationship with TruStar, you became an owner since your deposit represents a share of ownership (much like a share of a corporation or stock purchase). At the annual meeting, the members (again, who are the cooperative’s owners) elect a volunteer Board of Directors. Their responsibility is to oversee the credit union and serve the membership with decisions that are based upon what will best benefit the credit union’s near and long-term direction while ensuring it is in the best interest of the membership at large.
Getting More Involved in Your Credit Union
Knowing that you are an owner, you may want to see about becoming more involved. Unlike business that’s conducted at a bank, many newer (and often long-time) members are surprised to learn that, when they are part of a credit union, their voice is heard and their opinions really do count.
TruStar's annual meeting provides a wonderful forum for members to obtain specific financial information about the credit union’s performance from the prior year and learn more about the strategy and efforts that will be followed for the current year.
All members are invited and encouraged to attend the annual meeting, since the information that’s shared impacts the dividends that are paid, the rates that are received, the products that solve life needs, the fees that are sometimes applicable and the reasons that those fees exist, not to mention the investments in technology, branches, ATMs and more.
The Annual Report
The annual meeting is also the first time that TruStar's annual report is made available to the public. It’s distributed to all attendees of the annual meeting and made available through other means throughout the year. The report typically outlines specifics about the total deposits, loans, assets and operating costs from the prior year as well as an overall financial review.
With all that said, remember that TruStar exists to serve the ever-growing needs of the people who do business with the credit union. You are members and owners who experience more benefit from stronger and deeper relationships. The people who work for TruStar, while they are members first, are genuinely interested in serving other members to help improve their lives. As the old credit union mantra goes, they are “people helping people.”
TruStar Federal Credit Union is pleased to once again offer its annual scholarship program to local high school students. Financing a college education can be difficult and stressful. We want to help alleviate some of that burden.
Recognizing that dedication and hard work is at the heart of succeeding in high school and pursuits beyond high school, we have designed our scholarship program to reward those students who have excelled in their studies.
Below you will find links for the eligibility requirements as well as an application for the scholarships.
Applications should be turned into your local branch or mailed no later than April 20, 2017 to:
601 Fourth Street
International Falls, MN 56649
Please contact Wendy at 218.283.2000 x1139 with any questions.