January 2023 eNews
* Annual Percentage Rate. With approved credit. Some restrictions may apply. Rates subject to change without notice. New money only. Contact the credit union for full details. Offer valid for a limited time only. Max loan amount is $20,000. Federally insured by the NCUA. Equal Housing Opportunity.
*$1,000 minimum investment. Penalty for early withdrawal. Annual Percentage Yield. Limited time offer. Federally insured by the NCUA. Equal Housing Lender.
Faster Loan Funding

Set up direct deposit this month so that you can get your loan funds the same day the loan is approved!
Invite Your Family to Join

Your immediate family members are eligible to join & enjoy all the things you love about YOUR credit union!

  • Low-interest rates for loans
  • High-interest rates for savings
  • Time-saving electronic services
  • Outstanding member service
  • Member ownership and control

Immediate family members include spouses, children, stepchildren, parents, grandparents, grandchildren, brothers, or sisters.
We Need You

Do you have a strong desire to be a voice for the membership? Are you willing to take a leadership role in shaping the future of Toro Credit Union? If so, we would like to hear from you!
 
Toro Credit Union is a not-for-profit financial cooperative owned by its members and led by a volunteer board of directors. Our board of directors volunteers their time and provides expertise to ensure our members always remain the first priority. Any member interested in serving on the board of directors must:     
  • Meet the eligibility requirements as set forth by the board of directors, over age 18 and a member in good standing, and 
  • Submit your name, qualifications, and a short biographical statement to the Nominations Committee by January 13, 2023, to:
 
David Adams
The Toro Company
8111 Lyndale Ave S
Bloomington, MN 55420
 
Applications may also be dropped off at the credit union on or before January 13, 2023.
Credit Cards Coming Soon

We're excited to announce that in February of 2023 we will be offering......

Toro Credit Union Credit Cards!

More details to come on our website.
Holiday Savings Club Account

If you have never opened a Holiday Savings Club Account, now is a perfect time to open a NEW account!

Holiday Savings Example:
If you save $25 for the next 10 months, you will have $250.
If you save $50 for the next 10 months, you will have $500.
If you save $100 for the next 10 months, you will have $1,000.

Please contact the credit union to open a NEW Holiday Savings Club Account today!
Reminders for the New Year

Travel - Please notify us of your travel plans so that you don't experience any interruptions when using your debit card.

Changes If you recently moved, changed your phone number or address, or dropped your landline phone, please be sure to update your contact information with us. Please login to It'sME247 Online Banking to update your mailing address, email address, or telephone number.

Verify Account Information - Now is a great time to verify the information on your account(s) – address, phone number, joint members, beneficiaries, etc.

1098 Tax Forms - 1098 forms will be mailed in late January to members who have a mortgage loan where at least $600 in interest was paid in 2022. 1098 forms are not sent for interest paid on any other loans.

1099 Tax Forms - 1099 information will be added to the bottom of your year-end statement (December) for members who have earned more than $10 in interest over the past year on any checking, savings, or CD account.

IRA's Fair Market Value - Determine your IRA’s Fair Market Value for income tax time by totaling your IRA account balances as of Dec. 31, 2022. That information can be found on your year-end statement (December) or by logging in to It'sME247 Online Banking.

IRA Contributions - Contributions can be made to IRAs through April 15, 2023, for the 2022 tax year.

Privacy Policy is located on our website
eStatements

Get organized in the new year with eStatements. eStatements are fast, secure, and free! Watch this short video to learn how to enroll in eStatements and start receiving your monthly statements electronically.
Mark Your Calendar

Monday, January 2nd - Closed in Observance of the New Year's holiday

Monday, May 29th - Closed for Memorial Day
CONNECT WITH US!

Lobby Hours: Monday - Friday 8:30 am - 4 pm CST

Call Center Telephone Hours: Monday - Friday 7 am - 8:30 am CST & 4 pm - 7 pm CST
Saturday: 7 am - 4 pm CST
 
Website: www.ToroFCU.org
Lending Email: lending@torofcu.org

Federally insured by the NCUA.   Equal Housing Opportunity.
Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed, and you may review our policy and practices concerning your personal information at www.ToroFCU.org, or we will mail you a free copy upon request if you call us at (800) 525-0051.