SouthPoint Financial Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.25% | 1-year CD | 1.38% - National Average |
| 0.25% | Savings | 0.26% - National Average |
| 1.25% | 2-year CD | 1.68% - National Average |
SouthPoint Financial Credit Union is headquartered in Sleepy Eye and is the 14th largest credit union in the state of Minnesota. It is also the 720th largest credit union in the nation. It was established in 1936 and as of December of 2018, it had grown to 81 employees and 21,505 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, worship, or own a business entity in Brown, Blue Earth, Cottonwood, Carver, Faribault, Lyon, Kandiyohi, Le Sueur, Martin, McLeod, Meeker, Murray, Nicollet, Redwood, Renville, Wright, Sibley and Watonwan counties in Minnesota.
See current membership details
Related Posts
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
| Overall | |
|---|---|
| NCUA # | 68667 |
| Year Chartered | 1936 |
| Employees | 81 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 3.76% |
| Annual Interest Income | $12.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $352.8MM$334.2MM |
| Loans | Q4 2018vs Q4 2017 | $278.8MM$258.2MM |
| Deposits | Q4 2018vs Q4 2017 | $303.1MM$278.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $46.9MM$45.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $1.1MM$891.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.3MM$442.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$174.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.53%* | - | $5k | Youth Savings | ||
| OTHER TIERS: 0.40% → $5k+ | |||||
| 2.53%* | - | $5k | Ez$ Savings | ||
| OTHER TIERS: 0.40% → $5k+ | |||||
| 2.02% | - | - | Health Savings Account (HSA) | ||
| 0.75% | - | - | IRA Savings Account | ||
| 0.40% | - | $5k | Holiday Club Account | ||
| 0.25% | - | - | Share Savings Account | ||
| 0.25% | - | - | First-time Homebuyer Savings Account | ||
SouthPoint Financial Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.80%* | $500k* | - | Money Market Savings Account | ||
| OTHER TIERS: 0.25% → Up to $2.5k | 0.40% → $2.5k - $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $50k* | - | Business Checking Account | ||
| OTHER TIERS: 0.25% → $1k - $50k | |||||
SouthPoint Financial Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.02% | $1k | $100k | 19 Month Certificate Special | |
| 2.16% | $1k | - | 36 Month Step Up Certificate | |
| 2.11% | $1k | $100k | 9 Month Certificate 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.30% | $2.5k | - | 24 Month Step Up IRA | |
| 1.25% | $2.5k | - | 24 Month IRA |
| SouthPoint Financial Credit Union Locations | ||
|---|---|---|
| Branch Office | 105 S 3rd St Ste 100 | Saint Peter, MN 56082 |
| Branch Office | 975 Central St | Springfield, MN 56087-1133 |
| Corporate Office | 920 Main St E | Sleepy Eye, MN 56085-4380 |
| Branch Office | 706 N German St | New Ulm, MN 56073-1102 |
| Corporate Office | 924 Main St E | Sleepy Eye, MN 56085-4380 |
| Branch Office | 1800 Commerce Dr Ste A | North Mankato, MN 56003 |
| Branch Office | 1250 Highway 15 S | Hutchinson, MN 55350 |