Our members use their brains and their brawn to help build a good life for the rest of us. That's why we do our best to honor your contributions.
Our only loyalty is to you, our members. Not to stockholders. But to those of you in the building and construction trades. Our people!
So if you're not feeling the love from your big bank, come to us. BTCU can offer you everything your big bank can, but with better rates, more personalized service and creative solutions if you hit a rough patch. (Would a big bank bend over backwards for you? We kind of doubt it.)
But don't take our word for it. Check out what your fellow union tradespeople think about us.
If you think BTCU should do a video about YOUR union, send us a message and tell us why. We're proud of all our union members and can't wait to tell as many of your stories as possible!
To inspire, educate and support members of the building and construction trades' community in achieving a lifetime of financial success.
To be an indispensable financial partner to members of the building and construction trades' community by delivering innovative and sustainable financial solutions that meet their needs and exceed their service expectations.
- We are trusted advocates - reliable supporters of our unions, their members and their families.
- We are member-focused - decisions are made with the best interests of our members in mind.
- We are conscientious - guided by a sure sense of right and wrong.
- We are frank, plain spoken and direct in manner, without evasion.
- We are accessible - easy to reach and do business with.
- We value our staff and empower them to use their strengths, skills and knowledge.
BTCU Milestones: From 15 members and $2,000 to 15,000 members and $118 million.
In 1957, a group of leaders in the building and constructions trades came together to form a new kind of financial institution. Inspired by the desire to help fellow workers, they organized the Cement Masons Local 560 Credit Union to provide a banking alternative for themselves and their fellow union workers.
1957—Cement Masons Local 560 Credit Union Founded
The Credit Union was originally run by just a few volunteers. The original share balance limit was $2,000. Loan limits were $100 for unsecured loans and $300 for secured loans.
1959—Name Changes to Building Trades Credit Union
Cement Masons Local 560 Credit Union changes its name to Building Trades Credit Union.
1960-1988—Slow & Steady Growth
The Credit Union continued to grow and expand its membership and product offerings over the next decade. Checking accounts were introduced in the 1980s, followed shortly by ATM cards, IRAs and Share Certificates. By the mid-1980s products and services continued to expand and the Credit Union offered credit cards, home equity loans, and telephone banking.
1989—Leesa Husak Becomes President
Leesa Husak is chosen as President of Building Trades Credit Union.
1991—Building Trades Credit Union Becomes a National Charter
Building Trades Credit Union becomes a national charter and changes its name to St. Paul Building Trades Federal Credit Union.
1992—St. Paul & Minneapolis Building Trades Federal Credit Unions Merge
Another charter change added substantially to the growth of BTCU. St. Paul Building Trades Federal Credit Union merged with Minneapolis Building Trades Federal Credit Union to form Twin Cities Building Trades Federal Credit Union. Membership doubled to 8,000 and assets totaled $23.4 million.
1993—New Office in Shoreview
Twin Cities Building Trades Federal Credit Union opens a second office in Shoreview.
1995—Twin Cities Building Trades Federal Credit Union Changes Its Name
Twin Cities Building Trades Federal Credit Union becomes Minnesota Building Trades Federal Credit Union.
1998—A New Headquarters
The Credit Union constructed a new building in Maple Grove office to house operations and a member service center.
1999—Mortgage Loans Available
The Credit Union continues to expand its services and begins offering mortgage loans.
2001—New Office in Inver Grove Heights
The Credit Union opens its third office in Inver Grove Heights.
2006—Credit Union Offers Business Services
The Credit Union begins to offer a full range of products and services designed for small businesses.
2007—New Office Opens in Eden Prairie
The Credit Union opens its fourth office in Eden Prairie.
2009—Credit Union Name Reflects its Roots
In May 2009, the Credit Union changes its name back to Building Trades Credit Union.
2013—Bill Daehn Becomes President & CEO
Bill Daehn is appointed President & CEO of Building Trades Credit Union.
2014—BTCU Combines Inver Grove Heights & Eden Prairie Branches at a New Location in Bloomington
BTCU's new branch, located just off 35W at 98th & Lyndale, opened April 9, 2014.
BTCU is more than 14,000 members strong with assets in excess of $118 million. We are one of the largest credit unions for men and women in the building and construction trades and their families. As BTCU continues to add products, services, and locations, we recognize and appreciate our real strength is our members.
In the Credit Union tradition, BTCU has developed fair and ethical guiding principles designed to serve our membership. This includes open communication about our financial standing. We are dedicated to ensuring that our members experience the best value and service with complete trust.
Each year, BTCU publishes an annual report and distributes it at our annual membership meeting. It combines reports from the President & CEO, Board Chairman and Supevisory Committee to give you a comprehensive look of our growth and financial strength during the previous year.
To view a report, click on the appropriate link.
2013 Annual Report - NEW
2012 Annual Report
2011 Annual Report
2010 Annual Report
2009 Annual Report
2008 Annual Report
2007 Annual Report
2006 Annual Report
Board of Directors
Credit Unions are different from other financial institutions because they are not-for-profit cooperatives whose primary goal is to serve their members. Our Board of Directors is also unlike our counterparts who serve on the boards of big banks. Credit Union board members, including those at BTCU, serve as unpaid volunteers.
The seven member Board of Directors that serves BTCU is charged with setting the Credit Union's policies and maintaining the best interests of its members. They each serve three year, elected terms. Their commitment to the Credit Union and men and women of the building trades drives their service to the membership.
BTCU's Board of Directors
Allan Gibney, Chairman
Jamie Hermansen, Vice Chairman
Frank Vento, Financial Secretary
Tim Bruhjell, Recording Secretary
The Supervisory Committee provides oversight of the safety and soundness of the Credit Union through monitoring risks and controls associated with its business objectives, strategies, and plans.
BTCU's Supervisory Committee
Tom Reger, Chairman
Senior Management Team
BTCU's senior management team and branch managers are responsible for the overall direction, operations, and performance of BTCU. They are also dedicated to the financial well-being of every member and employee.
BTCU Senior Management Team
Bill Daehn, President & CEO
Maureen Daehn, Vice President of Finance
Andrea Ferkingstad, Vice President of Marketing
Barb Klein, Vice President of Operations & Compliance
Jay Stevens, Vice President of Business Services
Brad Benson, Mortgage Lending Manager
BTCU Branch Managers
Chris Knutson, Branch Manager of Maple Grove
Jay Stevens, Branch Manager of Shoreview
Kristie McCurdy, Branch Manager of Bloomington
2 Full-time Teller Positions Open
Building Trades Credit Union is seeking one full-time teller for our Bloomington office and one full-time teller for our Maple Grove office.
Please send your resume to:
President & CEO