2. SMW Financial Credit Union

SMW Financial Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.75%Reward Checking
2.11% - National Average
2.35%5-year CD
3.10% - Barclays 60 Month Online CDAdvertisement
0.90%1-year CD
2.75% - Barclays 12 Month Online CDAdvertisement
View all SMW Financial Credit Union rates »

Overview / Commentary
www.smwfcu.com
651-747-1500
700 Apollo Dr
Lino Lakes, MN 55014-3035

SMW Financial Credit Union is headquartered in Lino Lakes and is the 45th largest credit union in the state of Minnesota. It is also the 1,824th largest credit union in the nation. It was established in 1954 and as of September of 2018, it had grown to 22 employees and 7,618 members at 2 locations. SMW Financial Credit Union's money market rates are 48% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, volunteer or attend school in Anoka, Hennepin, Ramsey or Washington Counties of Minnesota.
See current membership details

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Health
B+

Data as of Q3 2018

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. SMW Financial Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #68676
Year Chartered1954
Employees22
Primary Regulator
Profit Margin
Return on Assets - YTD-0.16%
Return on Equity - YTD-1.67%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$80.6MM$79.3MM
LoansQ3 2018vs Q3 2017$65.3MM$65.2MM
DepositsQ3 2018vs Q3 2017$72.7MM$71.2MM
Equity CapitalQ3 2018vs Q3 2017$7.7MM$7.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$481.00K$414.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$224.00K$244.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

SMW Financial Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Union Vacation Account
0.05%--IRA Share Savings
0.05%$5-Holiday Savings Club
0.02%$250-Share Savings
0.02%$250-Youth Share Savings

SMW Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$100k*-Wealth Builder Venture Money Market Savings
OTHER TIERS: 0.55% → $25k - $50k | 0.60% → $50k - $100k
0.20%*$50k*-Wealth Builder Money Market Savings
OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $50k

SMW Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*-$20kRewards Checking
OTHER TIERS: 0.50% → $20k+
0.05%--Advantage Checking
0.05%$500-Interest Checking

SMW Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%*$100k*-60 Month CD
OTHER TIERS: 1.85% → $500 - $10k | 2.10% → $10k - $100k
2.00%$500-13 Month CD Special
1.75%*$100k*-30 Month CD
OTHER TIERS: 1.25% → $500 - $10k | 1.50% → $10k - $100k
1.45%$500-48 Month CD
1.35%$500-36 Month CD
0.90%*$100k*-12 Month CD
OTHER TIERS: 0.50% → $500 - $10k | 0.70% → $10k - $50k | 0.80% → $50k - $100k
0.75%$25-49 Month Wealth Builder CD
0.60%*$100k*-6 Month CD
OTHER TIERS: 0.30% → $500 - $10k | 0.40% → $10k - $50k | 0.50% → $50k - $100k
0.55%$500-24 Month CD
0.45%$25-29 Month Wealth Builder CD
0.25%$25-19 Month Wealth Builder CD

SMW Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%*$100k*-60 Month IRA
OTHER TIERS: 1.85% → $500 - $10k | 2.10% → $10k - $100k
1.75%*$100k*-30 Month IRA
OTHER TIERS: 1.25% → $500 - $10k | 1.50% → $10k - $100k
1.45%$500-48 Month IRA
1.35%$500-36 Month IRA
0.90%*$100k*-12 Month IRA
OTHER TIERS: 0.50% → $500 - $10k | 0.70% → $10k - $50k | 0.80% → $50k - $100k
0.75%$25-49 Month Wealth Builder IRA
0.60%*$100k*-6 Month IRA
OTHER TIERS: 0.30% → $500 - $10k | 0.40% → $10k - $50k | 0.50% → $50k - $100k
0.55%$500-24 Month IRA
0.45%$25-29 Month Wealth Builder IRA
0.25%$25-19 Month Wealth Builder IRA
Locations


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

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