SharePoint CU (MN) Has "Sweet Savings" With New CD Specials


Deal Summary: 11-month CD Special, 1.50% APY; 31-month CD Special, 2.00% APY; $500 min/$50k max of new money.

Availability: Residents of the Minnesota counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington; 80+ Partner Companies.

SharePoint Credit Union (SharePoint CU) is offering “Sweet Financial Savings” with two new CD Specials: 11-month (1.50% APY) and 31-month (2.00% APY). The minimum deposit is $500, with a balance cap of $50k; both CD Specials require new money.

Both CD Specials are available as IRAs (Traditional, Roth. and CESA) earning the same APYs, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the 11-month CD Special is 90 days interest, and 180 days interest for the 31-month CD Special.

Excess Share Insurance

SharePoint CU provides additional coverage for member accounts through the Excess Share Insurance (ESI).

Each member's account is federally insured to $250,000 by the National Credit
Union Administration (NCUA) - the soundest financial insurance fund in the United
States. We also provide an additional $250,000 of Excess Share Insurance (ESI),
bringing your total protection up to $500,000 for your accounts. SharePoint Credit
Union meets strict underwriting requirements to provide this additional $250,000.

For more information about ESI, you may find my blog post, ESI – Little Known Deposit Insurance for Credit Unions, helpful.

Thanks to DA reader, thowellIII, for his Forum post about these CD Specials. (Your name always makes me smile.)


Headquartered in Bloomington, Minnesota, SharePoint Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, volunteer, attend school, or conduct business in the Minnesota counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington eligible to join.

In addition, employees of more than 80 “Partner Companies” also qualify for membership.

Joining SharePoint CU and/or opening a CD Special can be done online or in person at any of four Minnesota branches located in Andover, Bloomington, Burnsville, and Saint Louis Park.

Credit Union Overview

SharePoint Credit Union has an overall health grade of "A" at, with a Texas ratio of 3.57% (excellent) based on December 31, 2016 data. In the past year, SharePoint CU has increased its total non-brokered deposits by $1.75 million, an above average annual growth rate of 1.05%. Please refer to our financial overview of SharePoint Credit Union (NCUA Charter # 63089) for more details.

SharePoint Credit Union was originally established in 1933 as the Red Owl Employees Credit Union. (Red Owl was an upper-Midwest grocery store chain.) A group of forwarding thinking Red Owl employees “pooled their money because they knew that the value of their funds would be greater if joined together.” The Credit Union applied the “greater if joined together” principle to its FOM, which eventually expanded to include seven Minnesota counties. As the FOM changed, so did the Credit Union’s name, with the SharePoint moniker adopted in 2009. Currently Minnesota’s 19th largest credit union, SharePoint Credit Union has nearly 19,000 members and assets in excess of $193 million.

How the CD Specials Compare

When compared to the 347 similar length of term CDs tracked by, requiring a similar minimum deposit and available within the FOM, SharePoint Credit Union’s 11-Month CD Special APY currently ranks first, although the $50k balance cap does hurt its competitiveness.

When compared to the 338 similar length of term CDs tracked by, requiring a similar minimum deposit and available within the FOM, SharePoint Credit Union’s 31-Month CD Special APY currently shares the top spot with Financial One Credit Union’s 40-month Share Special.

The above rates are accurate as of 3/23/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our Rates Map page.


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.