SMW Financial Credit Union

Overview / Commentary
700 Apollo Dr
Lino Lakes, MN 55014

SMW Financial Credit Union is headquartered in Lino Lakes and is the 49th largest credit union in the state of Minnesota. It is also the 1,919th largest credit union in the nation. It was established in 1954 and as of September of 2022, it had grown to 15 employees and 5,412 members at 2 locations. SMW Financial Credit Union's CD rates are 44% 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.
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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

NCUA #68676
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD4.07%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$92.8MM$93.0MM
LoansQ3 2022vs Q3 2021$55.8MM$55.1MM
DepositsQ3 2022vs Q3 2021$85.4MM$84.4MM
Equity CapitalQ3 2022vs Q3 2021$7.3MM$8.5MM
Loan Loss AllowanceQ3 2022vs Q3 2021$355.00K$314.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$832.00K$702.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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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

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

0.40%*$100k*-Wealth Builder Venture Money Market Savings
OTHER TIERS: 0.25% $25k - $50k | 0.35% $50k - $100k
0.35%*$50k*-Wealth Builder Money Market Savings
OTHER TIERS: 0.20% $2.5k - $10k | 0.25% $10k - $50k

SMW Financial Credit Union Checking Account Rates

1.00%*-$20kRewards Checking
OTHER TIERS: 0.05% $20k+
0.05%--Advantage Checking
0.05%$500-Interest Checking

SMW Financial Credit Union CD Rates

4.25%$5k-13 Month CD Special
2.00%$500-60 Month CD
1.90%$500-48 Month CD
1.60%$500-36 Month CD
1.55%$500-24 Month CD
1.40%$500-30 Month CD
1.30%$500-12 Month CD
1.00%$500-6 Month CD
0.50%*$100k*-49 Month Wealth Builder CD
OTHER TIERS: 0.25% $25 - $10k | 0.40% $10k - $50k | 0.45% $50k - $100k
0.30%*$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

SMW Financial Credit Union IRA Rates

2.00%$500-60 Month IRA
1.90%$500-48 Month IRA
1.60%$500-36 Month IRA
1.55%$500-24 Month IRA
1.40%$500-30 Month IRA
1.30%$500-12 Month IRA
1.00%$500-6 Month IRA
0.50%*$100k*-49 Month Wealth Builder IRA
OTHER TIERS: 0.25% $25 - $10k | 0.40% $10k - $50k | 0.45% $50k - $100k
0.30%*$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

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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