Get the latest news, information & financial education from YOUR credit union

February 2021 eNews

QUICK LINKS

WEBSITE

DEPOSIT RATES

Since your home has become your EVERYTHING SPACE,

now is the time to REFINANCE or REMODEL your HOME!

Contact your trusted lending team to understand your best option.

The 2021 Annual Membership Meeting will be held VIRTUALLY this year! However, you can still WIN Toro Equipment by participating virtually! The date of the 72nd Virtual Annual Membership Meeting will be announced before the end of February. Once the date is announced, you can register to participate virtually by visiting ToroFCU.org!

As a child, you are told not to brag, but we love when our member-owners brag about their experiences at Toro Credit Union. If you have an experience you would like to brag about, please email us a quick note along with your photo. Then we’ll deposit $5 into your account as a special THANK YOU!

Read More Member-Owner Stories

Refinance & Save

If your auto loan isn’t with Toro Credit Union, you are probably paying too much. To learn if we can save you money by refinancing your auto loan from another lender, please contact a loan officer.

We make saving money and refinancing your auto loan simple!

Enroll in eStatements between now and the end of February to be entered for a chance to win a Weber Grill!

Enroll in eStatements

Open a Holiday Savings Account

If you have never opened a Holiday Savings Club Account, now is a perfect time to open a NEW account! If you save $100 for the next 9 months, you will have $900 saved for your 2021 holiday expenses.

Please contact the credit union to open a NEW Holiday Savings Club Account today!

Get Your Finances Organized

Here are a few tips to getting your finances organized in 2021!

Whitelist MemberServices@ToroFCU.org - Whitelisting the credit union's email address helps you from missing any important information by classifying the email address as an approved sender, keeping emails from being forwarded to spam or junk.

Online Bill Pay - Save time each month paying bills and never have another late payment with Online Bill Pay.

Special Savings Account - Starting an emergency fund or saving for something special is easy when you open a Special Savings Account.

LSS Finacial Counseling - Get help with establishing a budget, improving your credit score, building credit, or much more!

TruStage Discount Insurance - We've partnered with TruStage to provide you with discounted insurance. Get a FREE, No-Obligation quote to see if you can save money on your insurance.

Questions

Open a Special Savings Account

We can help you save for something special like a new fishing boat when you open a Special Savings Account!

You can open a Special Savings Account online to begin saving for something special with It's Me247 Online Banking or by contacting the credit union.

Open Account

New Pay Frequency & Direct Deposits

The following are some tips for managing your direct deposit at the credit union to cover loan payments with the new Toro Company pay frequency. (Toro Credit Union Routing Number: 291075103)

Any questions concerning WorkDay, please contact your HR department.
Any questions concerning your Toro Credit Union loans or accounts, please contact Toro Credit Union. Main: 952-208-6441 or Toll-Free: 800-525-0051

Payment Examples:

Prior weekly payments for $50 per week pay frequency, now will need to change on WorkDay to $100 bi-weekly pay frequency.
Prior weekly payments for $35 per week pay frequency, now will need to change on WorkDay to $70 bi-weekly pay frequency.

LOAN PAYMENTS: You can pay your Toro Credit Union loan payment using any of the following services:

Pay My Loan Online Service
Make a deposit using the Mobile Banking App
A2A Transfer (Online Banking, Mobile Banking App or at the credit union)
Mail a check to the credit union (Toro Credit Union, 8111 Lyndale Avenue South, Bloomington, MN 55420)

We understand that these changes have caused some confusion but rest assured that the credit union is here to help you make the necessary changes. Additionally, we will work with you to correct all fees or late notices that occur as a result of this change. Please contact the credit union if you need assistance. Thank you!

Questions

Protect Your Family

Credit Life Insurance helps you protect your family and home if you can’t be there for them. If you pass away during the period of a loan, Credit Life Insurance will pay off or reduce your remaining loan balance. Toro Credit Union also offers Credit Disability Insurance on all our loans to help make your loan payments in the event you become disabled or can’t work for medical reasons for at least 14 consecutive days. This insurance will continue to make your loan payments until you return to work.

Please contact the credit union for more information on Credit Life or Disability Insurance.