Sharepoint Credit Union is headquartered in Hopkins and is the 20th largest credit union in the state of Minnesota. It is also the 987th largest credit union in the nation. It was established in 1933 and as of March of 2014, it had grown to 44 employees and 18,550 members. Sharepoint Credit Union has a A health rating.
Must be an employee of one of the several partner companies. Also open to those who live, work, worship or attend school in Hennepin or Dakota County, Minnesota. - See Details
Just checked with them.
This rate is only on the first $2500 of your deposit.
After that, you receive no interest.
So, this is a bit deceiving. FYI.
Yes, the 5 % APY is only for the first year and only for the first 2500 dollars, however this is a great deal. Remember that mortgage rates are at 3.75 APR. CDs are paying less than 1% APY for this reason. Of course the CU would go bankrupt very quickly if it was paying 5 percent interest and loaning money out at 4 percent. Its simple math.
The 5 percent APY is a reward you get for trying them out. Basically, they are paying you 125 dollars to bank with them for a year. This is a great deal because many commercial banks are now charging you money just to have a checking account.
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Sharepoint Credit Union had $686,000 in non-current loans and owned real-estate with $21.51 million in equity and loan loss allowances on hand to cover it. This gives Sharepoint Credit Union a Texas Ratio of 3.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Sharepoint Credit Union decreased slightly from 3.93% as of March 31, 2013 to 3.19% as of March 31, 2014, resulting in a positive change of 18.92%.This indicates that the balance sheet and financial strength for Sharepoint Credit Union has improved slightly in recent periods.
In the past year, Sharepoint Credit Union has increased its total deposits by $3 million, resulting in 1.87% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sharepoint Credit Union has shown is above average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sharepoint Credit Union has $185.92 million in assets with $21.51 million in equity, resulting in a capitalization level of 11.57%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$20.66 million|
|Loan Loss Allowance||$845,000|
|Unbacked Noncurrent Loans||$439,000|
|Real Estate Owned||$247,000|
|Historic Data - March 2013|
|Equity Capital||$20.17 million|
|Loan Loss Allowance||$929,000|
|Unbacked Noncurrent Loans||$439,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.02%|
|Return on Assets||0.37%|
|Return on Equity||3.35%|
|Interest Income||$1.64 million|
Always verify rates and promotions with the bank or credit union. We are not Sharepoint Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.40%||-||-||Roth IRA Savings|
|0.25%||$50k||-||Money Market Account|
|5.00%||-||$2,500||Premier Rate Checking - Introductory Rate for New Members|
|1.00%||-||$2,500||Premier Rate Checking|
|0.10%||-||-||Advantage Checking Account|
|0.10%||-||-||Choice Plus Checking|
|1.25%||$500||-||60 Month CD|
|0.95%||$500||-||48 Month CD|
|0.75%||$500||-||36 Month CD|
|0.50%||$500||-||24 Month CD|
|0.40%||$500||-||18 Month CD|
|0.35%||$500||-||12 Month CD|
|0.30%||$500||-||6 Month CD|
|1.25%||$500||-||60 Month IRA|
|0.95%||$500||-||48 Month IRA|
|0.75%||$500||-||36 Month IRA|
|0.50%||$500||-||24 Month IRA|
|0.40%||$500||-||18 Month IRA|
|0.35%||$500||-||12 Month IRA|
|0.30%||$500||-||6 Month IRA|
|Sharepoint Credit Union Locations|
|Branch Office||750 2nd St NE Ste 200||Hopkins, MN 55343|
|Branch Office||3670 AQUILA AVE S||SAINT LOUIS PARK, MN 55426|
|Branch Office||13735 Round Lake Blvd NW||Andover, MN 55304|
|Branch Office||200 E Travelers Trl Ste 110 Suite 110||Burnsville, MN 55337|