Membership

If you’re ready to save money & time by moving to a financial institution that truly has your best interest at heart, you’ve come to the right place! Plus, getting started is easy…

Who Can Join Toro Credit Union?

Eligibility
Toro employees who live in the United States, as well as their immediate family members, are eligible to join the credit union.

Immediate family members include: spouses, children, stepchildren, parents, grandparents, grandchildren, brothers and sisters. It’s another benefit of being related to you!

Three convenient ways to become a member:

  • Stop by the credit union.*
  • Complete an online membership application.*
  • Download and complete our membership application and mail it to the credit union*:
    Toro Credit Union
    8111 Lyndale Ave South
    Bloomington, MN 55420

*A photocopy of your signed driver’s license or picture ID is required to open your account.  This can be done in person at the credit union or by simply uploading it.

We will contact you to finalize your application. Please feel free to call us with any questions at (952) 887-8041 or (800) 525-0051.

Why Join Toro 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.

  • Credit unions are run by a Board of Directors, made up of elected members who volunteer their time to represent the membership interests.
  • When you join a credit union you become a member-owner of 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 as a member-owner.

We treat people like they own the place. Because they do! Member-ownership is what makes credit unions work for working people.

Important Information about Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: 
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license/ state identification or other identifying documents.