SPRING 2017

ALSO FEATURED IN THIS ISSUE:Youth Accounts PAGES 2 // Mortgage Rate Environment PAGES 2-3 // Scholarships PAGE 3 // Shred Events PAGE 4

BRANCH UPDATES

OAKDALE32ND AVENUE NORTH

TruStone Financial is opening a new branch in Oakdale, MN on April 3, 2017. Located on the eastern side of the Twin Cities this full-service branch will feature drive-up services, safe deposit boxes and a 24-hour drive-up ATM.

GREEN BAY ROADYour neighborhood credit union is excited to announce renovations to the Green Bay Road branch in Kenosha, WI. Updates include implementing new technology and updating the branch interior to better serve members and the surrounding community. The credit union will remain open for business during renovation.

Whether you are ready to remodel your master bathroom or build your dream kitchen, you can do more with a low-rate home equity loan from your neighborhood credit union.

For a limited time, get a home equity loan for as low as 3.74% APR* and pay no closing costs.**

No matter the project, repair or addition – the equity in your home can take you further. Speak to a representative about how much equity your home might have waiting for you to tap into.

YOUR HOME CAN HELP YOU DO MORE.

WHEN: Wednesday, April 26, 2017

Refreshments at 5:30pm

Meeting at 6:30pm

WHERE: TruStone Financial Corporate Center

14601 27th Avenue North, Suite 104

Plymouth, MN 55447

*APR = Annual Percentage Rate. **Closing costs waived up to $1,000. Closing costs do not include appraisal fee ($150-$625) if required to complete loan. Minimum new disbursements of $25,000 required to receive no closing costs offer. $25,000 must be disbursed at the time of loan closing. Refinancing of current TruStone loans are eligible for the promotion with all requirements met, including $25,000 in new disbursements. Product offered is a 5/1 ARM (Adjustable Rate Mortgage) with the first rate change after 60 months, then annually thereafter. Interest Rate is variable based on Wall Street Prime + a margin. Rate based on credit history, loan term and LTV (Loan-to-Value). Rate includes discounts for activated TruStone Visa credit card and automatic loan payments from a TruStone account. Loan is subject to credit approval with acceptable form of collateral. Payments for the first 5 years are $18.30 per $1,000 borrowed. Promotion valid on applications received between 3/13/17 – 5/31/17 and closed by 6/30/17. Offer subject to change. Equal Housing Lender. TruStone Financial Membership Required.

ANNUAL MEETING REMINDER

ASK THE EXPERT: THE MORTGAGE RATE ENVIRONMENT with Executive Vice President of Mortgage Operations, Nathan Grunzke

THE STATE OF THE HOUSING MARKET

On March 15, 2017, the Federal Reserve raised the federal funds rate for the second time since December. This increase reflects optimism in the economy but could also cause mortgage rates to rise.

Mortgage rates are influenced by the Federal Reserve rate. As such, when the federal funds rate increases, the prime rate typically follows, which could in turn impact fixed and variable rate mortgages alike. It’s important to know the terms of your loan, how frequently your rate adjusts and the dollar amount by which the payment can increase. Borrowers who have an adjustable rate mortgage may still have an opportunity to refinance into

a lower rate and/or fixed term option before rates increase further. Start with a free consultation from the team at Mortgage Lending Services to see what you could save.

Experts predict rates will continue to rise over the summer months. For those considering purchasing a home this spring, Mortgage Lending Services can help. Whether you’re searching for a cabin up north or a suburban starter home, each unique piece of property will require a loan that fits within your budget. Whatever house you choose to make your home, we have you covered.

RENTING VS. BUYING

There are many factors to consider when making the decision to rent or buy. Though renting provides

flexibility with location, budget and responsibility, it doesn’t help you build equity or credit history which homeownership does. In fact, renters pay an average of 37% more for their housing expenses per month than homeowners, according to a recent study by Trulia. No matter how long you’ve been renting, now might be the time for you to make the leap into home ownership.

For renters considering taking the next step, Mortgage Lending Services and TruStone Financial are proud to offer competitive down payment options and assistance programs to make the dream of homeownership possible. Don’t rule out the possibility of owning your own home before speaking with one of our knowledgeable mortgage consultants.

ROLE OF THE PRE-APPROVAL

With the housing market growing more competitive, consumers can expect to face competition when putting an offer on a house this spring. Set yourself up for success by getting pre-approved before you start shopping. Working with a mortgage consultant for a pre-approval will tell you the loan amount for which you qualify and how that will impact your monthly budget. Being prepared will allow you to make a confident offer quickly when you find that dream home.

CONTACT MLS TODAY!

// IN BRANCH

// 763.595.4010

// MLSERVICES.COM

For those still weighing their options or deciding to purchase this spring TruStone Financial and Mortgage Lending Services have partnered with local realtors to offer spring Home Buying Seminars. Attend a seminar to get your questions answered and learn more about the home buying process.

Seminars are from 12:30PM - 2:30PM, unless noted below, with lunch provided. Please see specific date and location information below:

Mortgage Lending Services, LLC., a TruStone Financial company, knows that when making the decision to buy or rent, there are many things to consider. Nathan Grunzke, Executive Vice President of Mortgage Operations and his team, can help you weigh the benefits of renting or owning your next home.

CELEBRATE NATIONAL CREDIT UNION YOUTH MONTH WITH TRUSTONE FINANCIALStart your child off on a path to a bright financial future.

YOUTH SAVINGS ACCOUNTOpen a MoneyWise Youth Primary Share account and enjoy no-fees and great dividends. Plus, TruStone Financial will match the opening deposit on any new account up to $10.*

It’s never too early to start teaching the child in your life the importance of saving!

*Money for match must be deposited at time of account opening. TruStone will match up to $10 of the total funds deposited. MoneyWise accounts available for those under 18 years of age. Allow up to 30 days for funds to be deposited. Accounts closed within six months may forfeit funds.

COLORING CONTESTHave your young saver complete the coloring sheet included with the newsletter and they could win a $25 gift card! Just bring the coloring sheet into one of our branches by April 29 to be entered to win. Additional sheets are available at all branches or at TruStoneFinancial.org/moneywise.

HOME BUYING SEMINARS

APRIL 8 | ST. CLOUD

APRIL 8 | MILWAUKEE - CUDAHY

APRIL 22 | BOONE AVENUE

APRIL 22 | BURNSVILLE

APRIL 29 | LYN-LAKE (MPLS)

APRIL 29 | NORTHSIDE

MAY 20 | HIGHLAND (ST. PAUL)

JUNE 3 | OAKDALE

JUNE 10 | NORTHEAST (MPLS)

JUNE 17 | PLYMOUTH Seminar from 10:30AM - 12:30PM

RSVP AT MLSERVICES.COM/SEMINAR

In 2009, the credit union established the TruStone Financial Foundation to reinforce our commitment to providing financial education to members and the neighborhoods we serve. Since inception, the Foundation has provided countless educational opportunities to the surrounding communities including financial literacy programs and college scholarships.

SCHOLARSHIPS APPLY NOWTruStone Financial is accepting online applications for 2017 TruStone Financial Foundation scholarships now through April 30, 2017. Scholarships are awarded based on academics, community involvement and essay completion. Apply at TruStoneFoundation.org/scholarships.

TRUSTONE FINANCIAL FOUNDATION

VISIT OUR WEBSITE AT TRUSTONEFOUNDATION.ORG

INVESTMENT SERVICES SEMINARSJoin TruStone Financial for a seminar on “12 IRA Planning Mistakes to Avoid”.

Securities offered through LPL Financial, member FINRA/SIPC. Insurance Products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured TruStone Financial deposits and are not NCUA insured. These products are not obligations of TruStone Financial and are not endorsed, recommended or guaranteed by TruStone Financial or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. Tax and legal advice not provided.

BOONE AVENUE Wednesday, May 17 // 5:30 PM

605 Boone Avenue North Golden Valley, MN 55427

BURNSVILLE Thursday, May 18 // 5:30 PM

14300 Nicollet Court, Suite 100 Burnsville, MN 55306

RSVP at 763.270.4354 or Jonathan.Seldat@lpl.com.

UPCOMING EVENTS

APRIL 26Annual Meeting | CORPORATE CENTER

MAY 6

Shred Event | MAPLE GROVE

MAY 13Shred Event | BURNSVILLE

Shred Event | ROSEVILLE

Shred Event | GREEN BAY ROAD

MAY 17Investment Services Seminar| BOONE AVENUE

MAY 18Investment Services Seminar| BURNSVILLE

SHRED YOUR DOCUMENTS FOR FREECOURTESY OF YOUR NEIGHBORHOOD CREDIT UNION

Take advantage of spring shred events at a select TruStone Financial branch near you. Please see the events section for date and time information or visit TruStoneFinancial.org.

WELCOME ERIC BENSONEric Benson has joined TruStone Financial as the Branch Manager at our Highland Park (St. Paul) branch. He has worked in the financial industry since 2010 and has an impressive track record of increasing sales, improving client retention and building strong member relationships. Stop by the Highland Park branch and welcome Eric to the neighborhood.

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WELCOME MICHAEL BRINEMichael Brine has been hired as the Branch Manager at our new Oakdale branch. His previous six years of experience at a large financial institution in Pennsylvania and his industry knowledge will serve him well in this role. Michael is committed to providing a high level of service and to helping his members succeed. Visit Michael and his team at the new Oakdale branch.

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EMPLOYEE ANNOUNCEMENTS

MemberLink is published for members of TruStone Financial. Address all correspondence to Editor, MemberLink, c/o TruStone Financial, 14601 27th Ave. N., #104, Plymouth, MN 55447. The MemberLink newsletter may contain important notifications to the membership, therefore members are not able to opt out of receiving it. Material in this newsletter should not be considered legal, financial or other professional advice. Neither the publisher nor TruStone Financial assumes liability for loss or damage as a result of reliance on this material. Websites not belonging to TruStone Financial are for information only. No endorsement is implied. Images may be from one or more of these sources: ©iStockPhoto, ©Shutterstock. ©2017 TruStone Financial Federal Credit Union. Federally Insured by NCUA. Equal Housing Lender.

MN LOCATIONSBOONE AVENUE // 605 Boone Ave N.

BURNSVILLE // 14300 Nicollet Crt., Ste. 100

HIGHLAND // 757 Cleveland Ave. S.

LYN-LAKE // 2817 Lyndale Ave. S.

MAPLE GROVE // 7851 Elm Creek Blvd.

NE MINNEAPOLIS // 527 Central Ave. NE., Ste. 2

OAKDALE // 7860 32nd Ave. N. - NEW!

ROSEVILLE // 2150 Lexington Ave. N.

ROGERS // 14115 James Rd., Ste. 300

ST. CLOUD // 620 Roosevelt Rd.

WI LOCATIONSGREEN BAY ROAD // 6715 Green Bay Rd.

MILWAUKEE-CUDAHY // 5570 S. Packard Ave.

NORTHSIDE // 2707 30th Ave.

OAK CREEK // 2121 East Rawson Ave.

TRUSTONEFINANCIAL.ORG

Phone // 800.862.1998

TruStoneFinancialFCU

@TruStoneFCU

TruStone Financial

DID YOU KNOW?TruStone Financial members have access to the MoneyPass® Network which has thousands of surcharge free ATMs located across the United States where you live, work and travel.

VISIT TRUSTONEFINANCIAL.ORG/ATM