South Metro Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.southmet.com

952-445-0888

2573 Credit Union Dr
Prior Lake, MN 55372

South Metro Federal Credit Union is headquartered in PRIOR LAKE and is the 34^th largest credit union in the state of Minnesota. It is also the 1,405^th largest credit union in the nation. It was established in 1993 and as of March of 2025, it had grown to 29 employees and 4,958 members at 6 locations. South Metro Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in South Metro Federal Credit Union is open to those who live or work in the Minnesota counties of Carver, Hennepin, or Scott.
See current membership details

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Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	24482
Year Chartered	1993
Employees	29
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.07%
Return on Equity - YTD	-1.03%
Annual Interest Income	$1.9MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$169MM$174MM
Loans	Q1 2025vs Q1 2024	$113.2MM$117.7MM
Deposits	Q1 2025vs Q1 2024	$157.6MM$154MM
Equity Capital	Q1 2025vs Q1 2024	$10.6MM$8.9MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$855K$581K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$600K$815K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for South Metro Federal Credit Union are currently being reviewed.

Locations

South Metro Federal Credit Union Locations
Branch Office	2573 Credit Union Dr	PRIOR LAKE, MN 55372
Branch Office	8001 Old Carriage Ct Ste A	Shakopee, MN 55379
Branch Office	13810 Shepherds Path NW	Prior Lake, MN 55379
Branch Office	9889 Penn Ave S	Bloomington, MN 55431-2912
Branch Office	9850 Lyndale Ave S	Bloomington, MN 55420
Branch Office	7500 York Ave S	Edina, MN 55435

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