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Overview / Commentary
651-747-1500
700 Apollo Drive
Lino Lakes, MN 55014

SMW Credit Union is headquartered in Lino Lakes and is the 52nd largest credit union in the state of Minnesota. It is also the 2,070th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 21 employees and 6,028 members. SMW Credit Union has a B+ health rating.

Field of Membership Restrictions

If you live, work, worship, volunteer, or attend school in Anoka County, Minnesota, you are eligible for membership. All family members are also eligible for membership. - See Details

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. SMW Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 SMW Credit Union had $454,000 in non-current loans and owned real-estate with $7.6 million in equity and loan loss allowances on hand to cover it. This gives SMW Credit Union a Texas Ratio of 5.97% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for SMW Credit Union decreased slightly from 7.97% as of December 31, 2012 to 5.97% as of December 31, 2013, resulting in a positive change of 25.06%.This indicates that the balance sheet and financial strength for SMW Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, SMW Credit Union has decreased its total deposits by $-821,000, resulting in -1.55% 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 SMW Credit Union has shown is average.

Capitalization

GRADE:
A+

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. SMW Credit Union has $59.46 million in assets with $7.6 million in equity, resulting in a capitalization level of 12.78%, which is excellent.

Institution Statistics

Overall
NCUA #24363
Year Chartered1954
Employees21
Primary Regulator
Assets and Liabilities
Assets$59.46 million
Loans$46.03 million
Deposits$52.20 million
Equity Capital$7.22 million
Loan Loss Allowance$386,000
Unbacked Noncurrent Loans$454,000
Real Estate Owned$0
Historic Data - December 2012
Assets$60.08 million
Equity Capital$6.93 million
Loan Loss Allowance$479,000
Unbacked Noncurrent Loans$454,000
Real Estate Owned$101,000
Profit Margin - Quarterly
Net Interest Margin4.28%
Return on Assets0.49%
Return on Equity4.02%
Interest Income$2.32 million
Rates

Always verify rates and promotions with the bank or credit union. We are not SMW Credit Union, we are a rate comparison website and can not provide official rates or promotions.

SMW Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Union Vacation Account
0.05%--IRA Share Savings
0.05%--Holiday Savings Club
0.05%--Roth IRA Share Savings
0.05%--CESA Share Savings
0.05%--SEP IRA Share Savings
0.05%$2,500-Wealth Builder Savings
0.02%$250-Share Savings
0.02%$250-Youth Share Savings

SMW Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$25k-Wealth Builder Venture Money Market Savings

SMW Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Advantage Checking
0.05%$500-Interest Checking

SMW Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$500-60 Month CD
0.90%$500-48 Month CD
0.80%$500-36 Month CD
0.75%$25-49 Month Wealth Builder CD
0.70%$100k-24 Month CD
0.70%$100k-30 Month CD
0.70%$5k-28 Month Featured Step-Up CD
0.45%$25-29 Month Wealth Builder CD
0.35%$100k-12 Month CD
0.25%$25-19 Month Wealth Builder CD
0.15%$100k-6 Month CD

SMW Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$500-60 Month IRA (Traditional,Roth,CESA,SEP)
0.90%$500-48 Month IRA (Traditional,Roth,CESA,SEP)
0.80%$500-36 Month IRA (Traditional,Roth,CESA,SEP)
0.75%$25-49 Month Wealth Builder IRA (Traditional,Roth,CESA,SEP)
0.70%$100k-24 Month IRA (Traditional,Roth,CESA,SEP)
0.70%$100k-30 Month IRA (Traditional,Roth,CESA,SEP)
0.70%$5k-28 Month Featured Step-Up IRA (Traditional,Roth,CESA,SEP)
0.45%$25-29 Month Wealth Builder IRA (Traditional,Roth,CESA,SEP)
0.35%$100k-12 Month IRA (Traditional,Roth,CESA,SEP)
0.25%$25-19 Month Wealth Builder IRA (Traditional,Roth,CESA,SEP)
0.15%$100k-6 Month IRA (Traditional,Roth,CESA,SEP)
Locations


SMW Credit Union Locations
Branch Office700 Apollo DrLino Lakes, MN 55014-3035
Branch Office1691 Cope Ave EMaplewood, MN 55109-2632