SouthPoint Financial Credit Union

Popular Accounts at this Credit Union

1.25%1-year CD12 Month Certificate
0.25%SavingsFirst-time Homebuyer Savings Account
1.25%2-year CD24 Month Certificate

Overview / Commentary
924 Main St E
Sleepy Eye, MN 56085

SouthPoint Financial Credit Union is headquartered in Sleepy Eye and is the 15th largest credit union in the state of Minnesota. It is also the 749th largest credit union in the nation. It was established in 1936 and as of March of 2018, it had grown to 83 employees and 19,263 members at 7 locations. SouthPoint Financial Credit Union's money market rates are 82% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Brown, Blue Earth, Cottonwood, Carver, Faribault, Lyon, Kandiyohi, Le Sueur, Martin, McLeod, Meeker, Murray, Nicollet, Redwood, Renville, Sibley and Watonwan counties in Minnesota.
See current membership details

Related Posts

15-Month CD, 2.17% APY, $100,000 Max - 1/19/2018

SouthPoint has added a limited-time 15-month CD earning 2.17% APY. Minimum deposit is $1,000, with a household maximum deposit of $100,000.

Reviews (2)

Southpoint is way better than my old bank.

I came to Southpoint because I recently moved to the area and there were no branches of my old bank anywhere nearby. So I shopped around for a new bank thinking it would just be more of the same high fee no interest rate banks I was used to. Southpoint was an absolute exception their savings account interest rates are better than any other bank I've used, and they have virtually no fees, and even the fees you would expect to pay are lower than at other institutions. They even have a checking account with a positive interest rate which I have never seen at another bank.

Southpoint is the best bank I have worked with

I am new to the area and was forced to switch from my old bank so far my experience with southpoint has been nothing short of excellent. They have no fee saving and checking accounts. They have a decent interest rate on the saving accounts and everyone is very nice and helpful. We were being killed by overdraft fees at our old bank but the fee structure for ovedraft protection at southpoint is much more reasonable.


Health Grade Components

NCUA #68667
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD4.81%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$336.0MM$309.6MM
LoansQ1 2018vs Q1 2017$265.6MM$233.3MM
DepositsQ1 2018vs Q1 2017$284.8MM$248.9MM
Equity CapitalQ1 2018vs Q1 2017$45.6MM$44.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$925.00K$741.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.3MM$1.6MM
Real Estate OwnedQ1 2018vs Q1 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not SouthPoint 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.

SouthPoint Financial Credit Union Savings Account Rates

2.53%*-$5kEzStart Savings Account
OTHER TIERS: 0.40% $5k+
2.53%*-$5kEz$ Savings
OTHER TIERS: 0.40% $5k+
2.02%--Health Savings Account (HSA)
0.75%--IRA Savings Account
0.40%-$5kHoliday Club Account
0.25%--Share Savings Account
0.25%--First-time Homebuyer Savings Account

SouthPoint Financial Credit Union Money Market Rates

0.80%*$500k*-Money Market Savings Account
OTHER TIERS: 0.25% Up to $2,500 | 0.40% $2,500 - $50k | 0.55% $50k - $100k | 0.70% $100k - $250k | 0.75% $250k - $500k
0.25%$1k-Money Market Checking Account

SouthPoint Financial Credit Union Checking Account Rates

0.50%*$50k*-Business Checking Account
OTHER TIERS: 0.25% $1k - $50k

SouthPoint Financial Credit Union CD Rates

2.16%$1k-36 Month Step Up Certificate
2.16%$1k-15 Month CD Special
1.30%$1k-24 Month Step Up Certificate
1.25%$1k-12 Month Certificate
1.25%$1k-18 Month Certificate
1.25%$1k-24 Month Certificate
1.25%$1k-36 Month Certificate
0.90%$1k-6 Month Certificate
0.30%$1k-3 Month Certificate

SouthPoint Financial Credit Union IRA Rates

2.16%$1k-15 Month IRA Special
1.30%$2.5k-24 Month IRA
1.30%$2.5k-24 Month Step Up IRA

SouthPoint Financial Credit Union Locations
Branch Office105 S 3rd St Ste 100Saint Peter, MN 56082
Branch Office975 Central StSpringfield, MN 56087-1133
Corporate Office920 Main St ESleepy Eye, MN 56085-4380
Branch Office706 N German StNew Ulm, MN 56073-1102
Corporate Office924 Main St ESleepy Eye, MN 56085-4380
Branch Office1800 Commerce Dr Ste ANorth Mankato, MN 56003
Branch Office1250 Highway 15 SHutchinson, MN 55350

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