Toro Employees Federal Credit Unions offers competitive fixed-rate first mortgage refinancing up to 15 years. Less Hassle..Less Paperwork..Lower Closing Costs.

•  Payment example: A $40,000 loan at 3.50% for 15 years, assuming 80% Loan to Value, would have a principal and interest payment of $285.95.  MN & WI homes only.

Contact a Toro Employees FCU loan officer at 952-887-8012 for more details and current rates. Equal Housing Lender. NMLS #619460

Toro Employees Federal Credit Union also offers a full menu of first mortgages through our partner company. Fixed Rate, Adjustable Rate, VA, FHA, Jumbo and Balloon Loans are available for purchases or refinances.

Looking to purchase or sell your home? Contact Servion Realty at 651-787-9555 or visit Servion Realty. Licensed in MN and Western WI.

Servion Realty is a division of Servion Group, which is owned by 58 credit unions in Minnesota and partners with many more.  You won’t see billboard or tv advertising for us, because much of our business comes from relationships with our credit union owners and partners, who consider us a trusted partner.   

The Minnesota Home Ownership Center is an independent, non-profit provider of information and resources to help Minnesotans obtain and maintain home ownership. Counseling support is available in English, Hmong and Spanish. The Center can also arrange for interpretation services in another language, if necessary.

• The credit union offers Home Equity loans at fixed-rates for up to 15 years or Home equity line of credit loans at a variable rate tied to the prime rate .
• We offer competitive rates, flexible payment options and use the money for whatever you need.
• You can borrow up to $250,000 depending upon the equity in your home. We may be able to use your most recent tax assessed value or a recent appraisal.
• Our loans have no pre-payment penalties, no early termination fees and low fees.
• Convenient repayment through payroll deduction or an automatic transfer from any of your deposit accounts.
• Loans are offered in Minnesota and Wisconsin.

Please consult your tax adviser regarding the tax deductibility of interest.

Phone: (952) 887-8012 or 1-800-525-0051 NMLS #619460

Drive the vehicle of your dreams with a credit union low loan rate and affordable payments.

Click here to apply for an auto loan and get pre-approved at an affordable monthly payment or call us at 952-887-8012 or 1-800-525-0051 to apply by phone with one of our loan officers.

• Convenient repayment through payroll deduction or an automatic transfer from any of your deposit accounts.
• Work with someone you know and trust.
• When is a rebate better than 0% financing? Click here
• Put a Little Fun in Your Life! We also offer a variety of recreation vehicle loans such as boats, motorcycles, snowmobiles, jet skis, campers and RV’s. The length of the loan depends upon the loan amount and the year of collateral. Please consult with the loan officer.

Loan Payment Protection Plans

• GAP Coverage to protect your vehicle in the event your auto is stolen or involved in a major accident. We also offer Mechanical Breakdown Coverage for your auto.
• You can purchase low-cost credit life and credit disability insurance – loan protection, just in case. This insurance is offered through CUNA Mutual Insurance and the benefits paid per premium dollar are the highest in the industry so you know you are getting a great value for the insurance dollar.*

For questions on our Payment Protection Plans call our Loan Department at 952-887-8012.

*Your purchase of additional loan insurance coverage is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative for a full explanation of the terms. Payment Protection solutions include: MEMBER’S CHOICE® credit life and credit disability insurance products underwritten by CUNA Mutual Insurance Society. Mechanical Repair Coverage is underwritten by Route 66. GAP Protection is a loan deficiency waiver and is not offered as insurance coverage. The above insurance products are not federally insured, are not obligations of the Credit Union,  and are not guaranteed by the Credit Union.

Need a quote on Auto Insurance? Click here for a quote from Trustage Insurance

Get a personal line of credit you meet your varied credit needs. Access anytime by just giving the main office a call or stop in to get a check.

• You can also use as overdraft protection on a checking account or as backup for a Toro Credit Union’s Cash and Check Card.
• A $20 annual fee is assessed to the line every December.
• Term is two years and the payment amount is 5% of your balance or $25 whichever is greater.

Personal loans are for any purpose for a fixed amount ranging from $500 to $20,000 up to 5 years. Be Free in 3 Loan with rates as low as 9.00% APR, you can get the money you need and have it paid off in three years. Certain Restrictions Apply.

Click here to apply for an personal loan or call us at 952-887-8012 or 1-800-525-0051 to apply by phone with one of our loan officers.

Skip your loan payment for one month due to temporary layoff or unexpected expenses.

There is a $20 fee per loan. Complete a Skip-A-Pay and return it to the credit union. Interest continues to accrue during the Skip a Pay period and the payment will be added to the end of your loan.

Qualifications:

• Use Skip a Pay once per year and three over life of loan
• Does not apply to real estate loans, savings secured loans and Personal Lines of Credit.
• Once processed, it cannot be canceled and the fee is non-refundable.

If you have a question regarding your loan and qualification, call us at 952-887-8012 or 1-800-525-0051.

Make your Toro equipment start working double-time. Our new member-exclusive Toro Equipment Rewards Program allows members to receive cash rewards on purchases of Toro equipment with a qualifying new loan or deposit. Earn up to $250 toward the purchase of any Toro equipment!

Members will receive a predetermined cash reward on their purchase based on the amount borrowed or deposited through Toro Credit Union. Cash rewards will be deposited directly into the member’s savings account. The reward structure is outlined in the table below: