August 2021 eNews
If your auto loan isn’t with us, you’re probably paying too much.

We’re your full-service auto lender.
Ask us how we can help you save money.
* Federally insured by the NCUA. Equal Housing Lender. 
NO closing costs unless a full appraisal is needed.
*Annual percentage rate. Offer only applies to Minnesota and Wisconsin mortgages. Federally insurance by the NCUA. Equal Housing Opportunity.
Guaranteed Asset Protection (GAP)

You don’t expect your car to be totaled by an accident or stolen—but you get car insurance just in case. You probably don’t expect that your insurance settlement could suddenly leave you thousands of dollars in debt, because you owe more on your car loan than your car is worth.

You’ll be glad to know there is a way to make sure a car wreck doesn’t wreck your finances: GAP, or Guaranteed Asset Protection for your vehicle loans. An optional and inexpensive benefit that you may add to your collateralized loans. GAP coverage goes into effect when your vehicle is stolen and isn’t recovered, or is totaled in an accident and cannot be repaired. GAP covers the difference between your primary carrier insurance settlement and the payoff of your loan.

Please contact the credit union for more details or to see if you can add this coverage to your vehicle loan today.
Nationwide 24/7 Access

Toro Credit Union’s digital tools and other resources for self-service banking and nationwide 24/7 account access allow you to conduct financial transactions when and where it’s convenient for you.

You can access your accounts from a computer or your smartphone by using the Toro Credit Union Mobile App. From there, you can deposit checks, make payments, view transactions, check balances, find an ATM, and much more. It’s easy and it will save you time to manage your account digitally. If you haven’t enrolled in online access, it only takes a few minutes.
New Look - It's Me 247

New look and experience for It’s Me 247 desktop and mobile web banking coming soon!  This new version of online banking combines both the desktop and mobile versions into a single design that works on every device, whether you are using your phone, tablet, or home computer!  

Soon to Be Your Favorite Features:
  • Favorite accounts - You have the option to organize and prioritize your accounts. By setting accounts as your ‘favorites" (click the gear icon), you get to choose what appears front and center each time you log in.
  • Member messaging - Neat little scrolling ads that pop up to alert you about messages received, documents ready for eSignature, password change reminders, and offers.
  • Pending ACH messaging - If you have a pending deposit you will see a clickable pop-up letting you know.
  • Upload profile pic - All personal info has been grouped under the new Profile menu, which can be customized. Especially nice if you jump between accounts - each membership can have a different profile pic!
  • Search transaction history - When viewing Account Details there is a new "search transactions" box where you can enter an amount, part of the transaction description, a check #, or any other text that appears in the transaction list to find all matching items. An "Advanced" button also lets you choose from a list of common transaction types, or specify a dollar amount range.
Account to Account Transfers

You have three options for making account to account transfers at Toro Credit Union and accounts at other financial institutions:

1. It’sMe247 Online Banking
2. Mobile Banking App
3. Stop by or call the credit union

Please contact the credit union if you would like to set up this feature on your account or if you have questions.
If you have an experience you would like to share, please email us a quick note along with your photo. Then we’ll deposit $5 into your account as a special THANK YOU!
9 Common Money Myths

Part of knowing how to manage your finances involves clearing up some misconceptions about money. See how many of these common money myths you believe.

  • Myth No. 1: Having a will guarantees your property and money will be distributed the way you wish.
  • Myth No. 2: You should have no debt when you retire.
  • Myth No. 3: You can get another job after retirement.
  • Myth No. 4: Everyone should have life insurance.
  • Myth No. 5: You should take Social Security when you turn 62.
  • Myth No. 6: You should buy long-term care insurance in your 40s when premiums are lower.
  • Myth No. 7: Retirees should keep their money out of the stock market.
  • Myth No. 8: You should borrow from your 401(k) if you need a loan.
  • Myth No. 9: Your 50s are too late to make a difference in your financial future.
Mark Your Calendar

Friday, September 3rd - END of Friday Summer Hours

Monday, September 6th - Closed for Labor Day
CONNECT WITH US!

Lobby Hours: Monday - Thursday 8:30 am - 4 pm CST
Friday Summer Hours 8:30 am - 12:30 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.