Overview / Commentary
952-445-0888
2573 Credit Union Dr
Prior Lake, MN 55372

South Metro Federal Credit Union is headquartered in PRIOR LAKE and is the 37th largest credit union in the state of Minnesota. It is also the 1,455th largest credit union in the nation. It was established in 1993 and as of June of 2018, it had grown to 36 employees and 4,012 members at 3 locations. South Metro Federal Credit Union's CD rates are 39% higher than the national average, and it 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
Employees36
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.14%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$119.4MM$118.3MM
LoansQ2 2018vs Q2 2017$81.4MM$66.3MM
DepositsQ2 2018vs Q2 2017$107.1MM$104.5MM
Equity CapitalQ2 2018vs Q2 2017$10.9MM$10.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$438.00K$280.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$301.00K$65.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not South Metro Federal 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.

South Metro Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$100-Primary Share
0.20%$100-Club Accounts
0.20%$100-Second Savings
0.15%$100-IRA Account
0.15%$100-HSA Checking

South Metro Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Money Market Accounts
OTHER TIERS: 0.05% Up to $2.5k | 0.25% $2.5k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k

South Metro Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$100-Classic Checking
0.15%$100-Masters Checking

South Metro Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$1k-60 Month CD
2.52%$1k-60 Month HSA CD
2.31%$1k-48 Month CD
2.31%$1k-48 Month HSA CD
2.21%$1k-36 Month CD
2.21%$1k-36 Month HSA CD
1.91%$1k-24 Month CD
1.91%$1k-24 Month HSA CD
1.25%$1k-12 Month CD
1.25%$1k-12 Month HSA CD
0.70%$1k-6 Month CD
0.70%$1k-6 Month HSA CD

South Metro Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$1k-60 Month IRA
2.31%$1k-48 Month IRA
2.21%$1k-36 Month IRA
1.91%$1k-24 Month IRA
1.25%$1k-12 Month IRA
0.70%$1k-6 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
Branch Office13810 Shepherds Path NWPrior Lake, MN 55379

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