Toro Employees' Federal Credit Union was founded in 1949 in Minneapolis, Minnesota by a small group of employees to provide quality financial services to Toro employees and their families.
Why Join a Credit Union?
Credit unions were created to provide financial services in a democratic, not-for-profit, cooperative manner --- that is, with member ownership and control. Because of this, when you use a credit union you are at an institution whose sole purpose is to provide financial services that are in your best interest. We offer higher rates on deposits and lower rates on loans because we reinvest excess profits into better rates and new services. The more you use your credit union services the more we can offer you the owner.
We treat people like they own the place. Because they do. Member owned. It's what makes credit unions work for working people.
