Our objective is simple:
TopLine Federal Credit Union remains a member-owned financial services cooperative dedicated to helping Twin Cities banking consumers achieve their financial goals. We do that by offering financial education, premium personalized service, competitive savings and loan rates and low fees from our offices in the Minneapolis/St. Paul metro area.
Since 1935 TopLine Federal Credit Union has been a member-owned financial services cooperative. That means that we are a banking institution that's safe, local and, most importantly, owned and democratically controlled by you, our member-owners.
As a member-owned financial services cooperative, our profits are returned to you, which means TopLine can offer competitive savings and loan rates, fewer and lower fees and a dedication to the highest levels of personal service.
Mission Statement - Couldn't Be Simpler
Delivering TopLine personal service people can bank on.
The Credit Union Difference - Membership is Ownership
Like all mainstream financial institutions, the first priority for both banks and credit unions is the best interests of their owners. Unlike banks, where that priority can place customers second, at credit unions the customers and the owners are the same people. That's because credit unions are member-owned, not-for-profit cooperatives where excess earnings after additions to reserves are not paid to a small group of investors but instead are returned to member owners. Which means TopLine can offer our member-owners better value than most traditional banks. Our profits are returned to you, our member-owners. You'll enjoy competitive rates, fewer and lower fees and a dedication to the highest levels of personal service. We don't take big risks and we put people before profit. And because we're local, we can offer a level of personal service and trust that a big impersonal bank couldn't dream of.
Credit unions are governed by a volunteer Board of Directors, all of whom are active members of the credit union and who are directly elected by member owners, with each member having one vote without regard to the amount of funds they have on deposit with their credit union.
Mainstream Safety and Soundness
There is no difference between credit unions and other financial institutions when it comes to strong government regulation and government insured deposits. Federally chartered credit unions like TopLine are regulated by the National Credit Union Administration (NCUA), a U.S. government agency equivalent to the FDIC, and deposits are insured up to at least $250,000 and IRA's are insured for an additional $250,000 by the National Credit Union Share Insurance Fund, which exactly like the FDIC offers the full guarantee of the U.S. government. Access the NCUA's e-calculator to review your insurance coverage.
Membership Eligibility - for Life
Membership in TopLine Federal Credit Union is open to individuals who live, work, worship, attend school or volunteer in the Twin Cities counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington in Minnesota. Their immediate family members are also eligible for membership. Upon approval of a simple membership application and a deposit of $5 or more in a share savings account, customers become owners of TopLine Federal Credit Union with voting rights. And once a member, always a member. As long as that basic share account is maintained, membership in good standing can be continued – for life.
Serving Our Communities
TopLine has a strong commitment to the communities in which our members live and work, recognizing the collective interest of all our members in helping people in our communities succeed. We provide financial education and counseling for members of all ages, contribute to community charitable organizations and sponsor food and clothing drives and other community support events, and have won numerous awards and other recognition for these efforts. We do this not only with corporate support but also by fostering an environment where employees and members are welcome and encouraged to join in support of community initiatives.
Minnesota-based TopLine Federal Credit Union has a history of growth and expansion that spans several decades. Chartered in 1935 when seven employees of the Bell System pooled $35 to create Minneapolis Telco Credit Union, the organization later expanded to include employees of independent telephone companies throughout the state of Minnesota.
In 1985 following the breakup of the Bell System, membership was expanded to include additional employee groups. In 1996 we converted from a state charter to a federal charter and changed our name to Firstel Federal Credit Union. In 2002 we changed our name to TopLine Federal Credit Union at the same time we expanded our charter to include individuals and their immediate family members who live, work, worship, attend school or volunteer in Hennepin County. This was again expanded in 2006 to include the entire Twin Cities metro area of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington, along with their immediate family members.
Today, TopLine Federal Credit Union remains a member-owned financial institution dedicated to helping members achieve their financial goals by offering quality financial products and services at competitive rates. Our promise to you is to remain a high-performance, full-service financial organization providing the highest quality member service available in the financial arena.
For more information about Cooperatives, click here for "A Day in the Life of Cooperative America."
Your Money is Safe at TopLine
Save with confidence. Your TopLine certificates of deposit, checking and savings accounts are insured to at least $250,000 and IRA's are insured for an additional $250,000 by the National Credit Union Administration (NCUA), a federal agency. Access the NCUA's e-calculator to review your insurance coverage. Call us at 763-391-9494 for assistance. This credit union is federally insured by the National Credit Union Administration.