Sharepoint Credit Union is headquartered in Bloomington and is the 18th largest credit union in the state of Minnesota. It is also the 964th largest credit union in the nation. It was established in 1933 and as of December of 2019, it had grown to 60 employees and 22,290 members at 6 locations. Sharepoint Credit Union's savings rates are 6X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, volunteer, attend school, or conduct business in the Minnesota counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington. Membership is also open to employees of more than 80 area companies and organizations.
See current membership details
Related Posts
The Checking Rate Is A Great Deal
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.
Update Note
Small print $50 minimum direct deposit required each month on 3% eSavings Account.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63098 |
| Year Chartered | 1933 |
| Employees | 60 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.52% |
| Return on Equity - YTD | 4.2% |
| Annual Interest Income | $9.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $240.6MM$234.9MM |
| Loans | Q4 2019vs Q4 2018 | $185.9MM$183.5MM |
| Deposits | Q4 2019vs Q4 2018 | $208.7MM$203.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $29.4MM$27.8MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $964.00K$1.2MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $595.00K$618.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$50.00K |