Overview / Commentary
952-895-5277
14327 Huntington Avenue South
Savage, MN 55378

Soo Line Credit Union is headquartered in Savage and is the 57th largest credit union in the state of Minnesota. It is also the 2,490th largest credit union in the nation. It was established in 1927 and as of June of 2018, it had grown to 12 employees and 7,257 members at 3 locations. Soo Line Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Pope County, Scott County, and the Cities of Lakeville, Burnsville, or Eureka Township in Minnesota. Membership is also open to employees of Amtrak, TC&W Railroad, DyCast Specialties and over 30 other area employer groups.
See current membership details

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Reviews (1)

I loved the credit union, just wish...

Posted by: lorabrown | May 13, 2018

A credit union can not be beat for there convenience and fees. They put local banks to shame on this front. It was very easy to set up an account with them and there are no fees with the transactions that take place on there Atm. The mobility of the apps seemed kind of cumbersome.

I ended up having to switch banks because this particular credit union does not deal with businesses, I may look for one in the future that does sponsor businesses.

Another down side of this credit union was that they changed there hours and are no longer open as long as they used to be. They are no longer open on Saturdays and have shortened there hours making it difficult for me to be able to get there when they are open . I know that is not true of other credit unions. However; this is the only one that is located in the town that i live in. I would gladly join another credit union if there was one available in my town and they had hours that were extended.



Health
C+
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. Soo Line Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #63458
Year Chartered1927
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD-0.38%
Return on Equity - YTD-5.07%
Annual Interest Income$731.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$43.2MM$43.0MM
LoansQ2 2018vs Q2 2017$32.0MM$31.6MM
DepositsQ2 2018vs Q2 2017$39.8MM$39.5MM
Equity CapitalQ2 2018vs Q2 2017$3.3MM$3.4MM
Loan Loss AllowanceQ2 2018vs Q2 2017$290.00K$168.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$623.00K$635.00K
Real Estate OwnedQ2 2018vs Q2 2017$25.00K$264.00K
Rates
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Soo Line Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$5-Share Account
0.05%--Daily Savings
0.05%--Holiday Account
0.05%--Raisin' Cash Youth Account
0.05%--Y.E.S. Club Teen Account
0.05%--CD Builder Savings Account
0.05%--IRA Savings Account

Soo Line Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Select Checking

Soo Line Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-6 Month CD
0.05%$1k-12 Month CD
0.05%$1k-18 Month CD
0.05%$1k-24 Month CD
0.05%$1k-30 Month CD
0.05%$1k-36 Month CD
0.05%$2k-48 Month CD
0.05%$2k-60 Month CD
0.05%$2k-13 Month CD Special
0.05%$2k-18 Month CD Special
0.05%$50k-13 Month Jumbo CD Special

Soo Line Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-6 Month IRA
0.05%$1k-12 Month IRA
0.05%$50k-13 Month Jumbo IRA Special
0.05%$2k-13 Month IRA Special
0.05%$1k-18 Month IRA
0.05%$2k-18 Month IRA Special
0.05%$1k-24 Month IRA
0.05%$1k-30 Month IRA
0.05%$1k-36 Month IRA
0.05%$2k-48 Month IRA
0.05%$2k-60 Month IRA
Locations


Soo Line Credit Union Locations
Branch Office14327 Huntington AveSavage, MN 55378-2678
Branch Office3200 Northway Dr Ste 380Brooklyn Center, MN 55429-3050
Branch Office460 Franklin St NGlenwood, MN 56334-4502

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