Sharepoint Credit Union is headquartered in Bloomington and is the 20th largest credit union in the state of Minnesota. It is also the 1,000th largest credit union in the nation. It was established in 1933 and as of September of 2022, it had grown to 53 employees and 21,919 members at 6 locations. Sharepoint Credit Union's savings rates are 6X the national average, and it has a B+ health rating.
Membership in Share Point Credit Union is open to anyone who lives, works, worships, attends school, or conducts business in the Minnesota counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington, or Wright. Membership is also open to employees of more than 80 area companies and organizations.
See current membership details
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.
Small print $50 minimum direct deposit required each month on 3% eSavings Account.
I’ve been there for years and they still treat me like a stranger. I’ve had several loans through them and their business practices are nothing short of horrific
Overall | |
---|---|
NCUA # | 63098 |
Year Chartered | 1933 |
Employees | 53 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.67% |
Return on Equity - YTD | 8.58% |
Annual Interest Income | $6.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2022vs Q3 2021 | $300.5MM$298.7MM |
Loans | Q3 2022vs Q3 2021 | $184.1MM$167.3MM |
Deposits | Q3 2022vs Q3 2021 | $269.1MM$264.6MM |
Equity Capital | Q3 2022vs Q3 2021 | $23.5MM$31.9MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $1.3MM$1.9MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $580.00K$420.00K |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Sharepoint Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.60%* | $50k* | - | Money Market Account | ||
OTHER TIERS: 0.20% → Up to $2.5k | 0.35% → $2.5k - $5k | 0.40% → $5k - $10k | 0.50% → $10k - $25k | 0.55% → $25k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.55% | $500 | - | 60 Month IRA | |
2.35% | $500 | - | 48 Month IRA | |
1.95% | $500 | - | 36 Month IRA | |
1.75% | $500 | - | 24 Month IRA | |
1.65% | $500 | - | 18 Month IRA | |
1.55% | $500 | - | 12 Month IRA | |
1.15% | $500 | - | 6 Month IRA |
Sharepoint Credit Union Locations | ||
---|---|---|
Branch Office | 5300 Hyland Greens Dr | Bloomington, MN 55437-3933 |
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 |
Branch Office | 13600 Industrial Park Blvd | Plymouth, MN 55441 |
Branch Office | 3575 Sioux Dr | Medina, MN 55340-9338 |