Applications / Mortgage Analytics / Lenders / Minnesota / TruStone Financial Credit Union
Plymouth, MN · Credit union · NCUA · $6.0 billion assets · 4,909 loans in 2025
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4,909
loans originated, 2025
7,243
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
TruStone Financial Credit Union is a Minneapolis-St. Paul credit union whose largest line is home improvement, at 30.3% of loans, and whose originations held close to the year before, falling 2%.
Similar lenders are credit unions making between half and twice as many loans. Home improvement (30.3%), refinance (27.5%), purchase (21.5%) and other purposes (20.7%) were close to evenly split. Its typical loan was $105,000 against $115,000, smaller than more than three-quarters of similar lenders, which may follow from its home-improvement lending.
It ranked 6 of 688 in Minneapolis-St. Paul-Bloomington, with 2.2% of the market against 2.7% a year before. In Racine-Mount Pleasant its share rose from 1.1% to 1.7%, and in Kenosha from 2.0% to 2.1%. Originations fell 2% to 4,909 while similar lenders grew 8%; growth by national lenders, or less demand for its loan types, could explain the lower home share.
LMI (low- and moderate-income) borrowers took 32.0% of its loans against 27.1%, higher than about four in five similar lenders and up from 25.1% five years before. LMI areas took 15.0%, close to the typical 15.1%, and majority-minority areas 7.0% against 9.4%, which may reflect the makeup of its Minnesota and Wisconsin markets.
Its typical rate of 7.25% was higher than about two-thirds of similar lenders' (6.88%), which its home-improvement lending could explain. Yet only 0.4% of loans were higher-priced (a rate well above the average for similar loans), against 1.1%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. TruStone Financial Credit Union took 7,243 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 30.3% · Refinance 27.5% · Purchase 21.5% · Other 20.7%
Conventional 98.8% · FHA 0.8% · VA 0.4% · of 4,909 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Minnesota | 4,135 | 84.2% |
| Wisconsin | 640 | 13.0% |
| Arizona | 95 | 1.9% |
| Florida | 37 | 0.8% |
| Colorado | 1 | 0.0% |
| Nevada | 1 | 0.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 3,764 |
| Milwaukee-Waukesha | 242 |
| Kenosha | 185 |
| St. Cloud | 97 |
| Phoenix-Mesa-Chandler | 90 |
| Racine-Mount Pleasant | 53 |
| Duluth | 34 |
| Rochester | 12 |
| Madison | 8 |
| Palm Bay-Melbourne-Titusville | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300LG07PXWSIMC813 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 427399 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524354 | 1990–2017 |
Established 1 January 1939. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: TruStone Financial Credit Union's data.
TruStone Financial Credit Union's data
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TruStone Financial Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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