Featured Savings Rates
Featured Accounts

South Metro Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.85%5-year CD60 Month CD
0.75%1-year CD12 Month CD
0.20%SavingsShare Savings Account

Overview / Commentary
800-459-8139
2573 Credit Union Dr
Prior Lake, MN 55372

South Metro Federal Credit Union is headquartered in PRIOR LAKE and is the 35th largest credit union in the state of Minnesota. It is also the 1,445th largest credit union in the nation. It was established in 1993 and as of June of 2017, it had grown to 29 employees and 3,885 members at 2 locations. South Metro Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work or have a business in Scott County, Minnesota and to employees of a qualifying organization.
See current membership details

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Health

Health Grade Components

Overall
NCUA #24482
Year Chartered1993
Employees29
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.76%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$118.3MM$106.5MM
LoansQ2 2017vs Q2 2016$66.3MM$59.6MM
DepositsQ2 2017vs Q2 2016$104.5MM$90.8MM
Equity CapitalQ2 2017vs Q2 2016$10.9MM$10.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$280.00K$272.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$65.00K$409.00K
Real Estate OwnedQ2 2017vs Q2 2016$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.

South Metro Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Share Savings Account
OTHER TIERS: 0.05% $100 - $3k | 0.10% $3k - $10k | 0.15% $10k - $25k
0.20%*$25k*-Smart Sammie's Savers Club
OTHER TIERS: 0.05% $100 - $3k | 0.10% $3k - $10k | 0.15% $10k - $25k

South Metro Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Money Market Accounts
OTHER TIERS: 0.05% Up to $2,500 | 0.25% $2,500 - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k

South Metro Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Checking Account
OTHER TIERS: 0.05% $100 - $3k | 0.10% $3k - $10k | 0.15% $10k - $25k

South Metro Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$1k-60 Month CD
1.50%$1k-48 Month CD
1.15%$1k-36 Month CD
0.90%$1k-24 Month CD
0.75%$1k-12 Month CD
0.45%$1k-6 Month CD

South Metro Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%--24 Month IRA
0.75%--12 Month IRA
Locations


South Metro Federal Credit Union Locations
Branch Office2573 Credit Union DrPRIOR LAKE, MN 55372
Branch Office8001 Old Carriage Ct Ste AShakopee, MN 55379