2. SMW Financial Credit Union

SMW Financial Credit Union


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 1,821st largest credit union in the nation. It was established in 1954 and as of June of 2019, it had grown to 18 employees and 7,572 members at 2 locations. SMW Financial Credit Union's money market rates are 48% higher than the national average, and it has an A 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
A

Data as of Q2 2019

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
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.27%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$81.9MM$77.0MM
LoansQ2 2019vs Q2 2018$59.7MM$66.5MM
DepositsQ2 2019vs Q2 2018$73.5MM$69.0MM
Equity CapitalQ2 2019vs Q2 2018$8.0MM$7.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$435.00K$477.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$183.00K$117.00K
Real Estate OwnedQ2 2019vs Q2 2018$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
0.45%*$50k*-Wealth Builder Money Market Savings
OTHER TIERS: 0.35% → $2.5k - $10k | 0.40% → $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
2.15%*$100k*-60 Month CD
OTHER TIERS: 1.85% → $500 - $10k | 2.10% → $10k - $100k
1.45%*$100k*-30 Month CD
OTHER TIERS: 1.25% → $500 - $10k | 1.30% → $10k - $50k | 1.35% → $50k - $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
2.15%*$100k*-60 Month IRA
OTHER TIERS: 1.85% → $500 - $10k | 2.10% → $10k - $100k
1.45%*$100k*-30 Month IRA
OTHER TIERS: 1.25% → $500 - $10k | 1.30% → $10k - $50k | 1.35% → $50k - $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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