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SMW Financial Credit Union


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

SMW Financial Credit Union is headquartered in Lino Lakes and is the 47th largest credit union in the state of Minnesota. It is also the 1,893rd largest credit union in the nation. It was established in 1954 and as of December of 2021, it had grown to 17 employees and 6,819 members at 2 locations. SMW Financial Credit Union 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 Q4 2021

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
Employees17
Primary Regulator
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD4.15%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$93.1MM$88.6MM
LoansQ4 2021vs Q4 2020$53.6MM$49.0MM
DepositsQ4 2021vs Q4 2020$85.1MM$80.3MM
Equity CapitalQ4 2021vs Q4 2020$8.4MM$8.2MM
Loan Loss AllowanceQ4 2021vs Q4 2020$317.00K$290.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$697.00K$175.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$196.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not SMW Financial 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.

SMW Financial Credit Union Savings Account Rates

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

SMW Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Wealth Builder Venture Money Market Savings
OTHER TIERS: 0.10% → $25k - $50k
0.10%*$10k*-Wealth Builder Money Market Savings
OTHER TIERS: 0.05% → $2.5k - $10k

SMW Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$20kRewards Checking
OTHER TIERS: 0.05% → $20k+
0.05%--Advantage Checking

SMW Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-60 Month CD
0.70%$500-48 Month CD
0.65%$500-36 Month CD
0.50%*$100k*-49 Month Wealth Builder CD
OTHER TIERS: 0.25% → $25 - $10k | 0.40% → $10k - $50k | 0.45% → $50k - $100k
0.45%$500-24 Month CD
0.35%$500-30 Month CD
0.30%$500-12 Month CD
0.30%*$100k*-29 Month Wealth Builder CD
OTHER TIERS: 0.15% → $25 - $10k | 0.20% → $10k - $50k | 0.25% → $50k - $100k
0.25%*$50k*-19 Month Wealth Builder CD
OTHER TIERS: 0.05% → $25 - $10k | 0.10% → $10k - $50k
0.15%$500-6 Month CD

SMW Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-60 Month IRA
0.70%$500-48 Month IRA
0.65%$500-36 Month IRA
0.50%*$100k*-49 Month Wealth Builder IRA
OTHER TIERS: 0.25% → $25 - $10k | 0.40% → $10k - $50k | 0.45% → $50k - $100k
0.45%$500-24 Month IRA
0.35%$500-30 Month IRA
0.30%$500-12 Month IRA
0.30%*$100k*-29 Month Wealth Builder IRA
OTHER TIERS: 0.15% → $25 - $10k | 0.20% → $10k - $50k | 0.25% → $50k - $100k
0.25%*$50k*-19 Month Wealth Builder IRA
OTHER TIERS: 0.05% → $25 - $10k | 0.10% → $10k - $50k
0.15%$500-6 Month 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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