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Overview / Commentary
700 Apollo Dr
Lino Lakes, MN 55014-3035

SMW Credit Union is headquartered in Lino Lakes and is the 52nd largest credit union in the state of Minnesota. It is also the 2,086th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 21 employees and 6,174 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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Data for Q1 2014

Institution Health

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


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 SMW Credit Union had $338,000 in non-current loans and owned real-estate with $7.48 million in equity and loan loss allowances on hand to cover it. This gives SMW Credit Union a Texas Ratio of 4.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for SMW Credit Union decreased slightly from 5.43% as of March 31, 2013 to 4.52% as of March 31, 2014, resulting in a positive change of 16.76%.This indicates that the balance sheet and financial strength for SMW Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, SMW Credit Union has increased its total deposits by $675,000, resulting in 1.29% 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 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. SMW Credit Union has $60.31 million in assets with $7.48 million in equity, resulting in a capitalization level of 12.40%, which is excellent.

Institution Statistics

NCUA #24363
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$60.31 million
Loans$45.88 million
Deposits$52.84 million
Equity Capital$7.13 million
Loan Loss Allowance$351,000
Unbacked Noncurrent Loans$338,000
Real Estate Owned$0
Historic Data - March 2013
Assets$59.29 million
Equity Capital$7.08 million
Loan Loss Allowance$397,000
Unbacked Noncurrent Loans$338,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.58%
Return on Equity-4.88%
Interest Income$552,000

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SMW Credit Union Savings Account Rates

0.15%$50k-Wealth Builder Savings
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
0.02%$250-Share Savings
0.02%$250-Youth Share Savings

SMW Credit Union Money Market Rates

0.25%$100k-Wealth Builder Venture Money Market Savings

SMW Credit Union Checking Account Rates

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

SMW Credit Union CD Rates

1.05%$500-60 Month CD
1.00%$5k-28 Month Featured Step-Up CD
0.90%$500-48 Month CD
0.80%$500-36 Month CD
0.75%$25-49 Month Wealth Builder CD
0.55%$500-24 Month CD
0.55%$500-30 Month CD
0.45%$25-29 Month Wealth Builder CD
0.25%$500-12 Month CD
0.25%$25-19 Month Wealth Builder CD
0.15%$100k-6 Month CD

SMW Credit Union IRA Rates

1.05%$500-60 Month IRA
1.00%$5k-28 Month Featured Step-Up IRA
0.90%$500-48 Month IRA
0.80%$500-36 Month IRA
0.75%$25-49 Month Wealth Builder IRA
0.55%$500-24 Month IRA
0.55%$500-30 Month IRA
0.45%$25-29 Month Wealth Builder IRA
0.25%$500-12 Month IRA
0.25%$25-19 Month Wealth Builder IRA
0.15%$100k-6 Month IRA

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