TruStone 2021 Annual Report

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REPORT OF

The President & CEO 2021 was an incredible year for your credit union, one where we delivered more services to more members than any time in our 82-year history. I would be remiss if my annual report to the membership didn’t reference this amazing accomplishment. Nevertheless, I am compelled to use this forum to share our plans for 2022, because I believe the best is yet to come.

Improvements to the Member Experience.

Investments in Safety and Soundness.

Every day thousands of members conduct business directly

Our ability to deliver fast, convenient service should never

with our team, whether that is in person at a branch, over the

compromise your security. To that end we’re continuing to

phone, or via digital communication. We took several steps

upgrade our capabilities in 2022, including a 24x7x365

to improve wait times last year, and are taking many more

security operations center, a modern data loss prevention

in 2022. We’re adding staff, expanding our call center, and

platform and artificial intelligence/predictive analytics to

improving our systems to be more responsive to your needs.

further protect our members from unauthorized access to accounts.

Improvements to the Digital Experience. Over 120,000 of our members choose to do business with

Investments in our Community.

TruStone through our digital and mobile banking platforms.

The good works of the TruStone Financial Foundation

We are expanding the features of those channels with the

are documented throughout this report, furthering our

addition of person-to-person transfers, pre-approved loans

transformation from community involvement to community

to simplify the application process, and seamless access to

impact. That volunteer committee has – and will continue

your credit score.

to – expand their reach with more investments in financial education, scholarships, and local charities. We’re also taking

Improvements to our Services.

a bigger stage later this year with the Minnesota Aurora

We have a diverse membership, and one size definitely does

pre-professional women’s soccer team. Aurora is

not fit all. To address your evolving needs, we’re adding

community-owned and women-led, and we are proud to

additional mortgage programs and improving features of

be a founding sponsor.

our checking accounts. Further, we’re implementing services like a guaranteed on-time first mortgage closing and vehicle refinancing in less than a minute, that quickly and conveniently save our members time and money. Despite all that we have accomplished, there is more we can do to better serve you. On behalf of the entire TruStone team, I thank you for your continued business, and for joining us on a journey that has only just begun.

Dale Turner

PRESIDENT & CEO

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2021 TRUSTONE ANNUAL REPORT


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