CU*Answers, the 100% credit union-owned core data processor, announced the recent signing of Toro Employees Federal Credit Union, located in Bloomington, Minnesota to a new CU*BASE^® online processing agreement. Toro Employees Federal Credit Union is a $28 million dollar credit union serving over 3,500 members.

When asked why Toro Employees Federal Credit Union chose CU*Answers, Grant Johnson, CEO stated, “We selected CU*Answers because of their unique business model, strong history of helping credit unions meet their member’s needs for deposits, lending and self-service technology. In addition CU*Answers offers value-added services for back office, analytics and direct marketing.”

Toro Employees Federal Credit Union is set for a May 2014 conversion joining three others in the state including, Building Trades CU, Lake State CU, and another recent partner, Wakota FCU. CU*Answers added that the number of credit unions nationally utilizing CU*BASE surpassed 200 during 2012, encompassing clients in over 25 states.