The Supervisory Committee

Recent events in the banking sector are a stark reminder of the importance of safety and soundness in the financial system. This is the primary responsibility of the Supervisory Committee: to oversee the credit union’s internal controls that safeguard your finances and personal information.

We take that responsibility seriously, engaging a variety of internal and external industry experts to conduct comprehensive audits of our financial, administrative and operational practices.

In 2022, TruStone received thorough examinations from both the Minnesota Department of Commerce and the National Credit Union Administration (NCUA), which confirmed our belief that we are a strong, healthy credit union, well-equipped to accomplish our mission and vision for our members. Additionally, we engaged an industry-leading independent public accounting firm to perform our financial statement audit in accordance with regulatory requirements. Their audit opinion states that our financial position and results of operations are fairly presented in accordance with generally accepted accounting principles.

Finally, we employ experienced internal auditors to regularly review all aspects of our organization, with no material exceptions or weaknesses found in our systems during the year under review

Over 210,000 loyal members is the greatest barometer of our success. On behalf of your volunteer Supervisory Committee, I thank you for your continued confidence in TruStone Financial.

Brian Lee SUPERVISORY COMMITTEE CHAIR