South Metro Federal Credit Union

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A short history of South Metro FCU

Since its inception in 1993 the South Metro Federal Credit Union has been serving its members in the PRIOR LAKE, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by B Don Crofut, the South Metro FCU has grown its membership to over 3,885 with assets of more than $118,294,632. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (952) 445-0888 or email them at admin@southmet.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in PRIOR LAKE, MN.

General Information For South Metro FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24482
Address 2573 CREDIT UNION DR 
City PRIOR LAKE 
State Minnesota 
Zip-Code 55372
Phone Number (952) 445-0888
Fax Number (952) 445-6487
Email Address: admin@southmet.com
CEO/President B Don Crofut
Members 3,885 
Full-Time Employees 29 
Part-Time Employees
Number of Branch Offices
Total Assets 118,294,632 
Website http://www.southmet.com 

Compare South Metro Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Soo Line CU SLCU Brooklyn Crossing 3200 Northway Dr Ste 380 55429 (763) 569-9977 No 6.26
Star Choice CU Heritage 800 N 1st St 55429 64706 No 10.12
Wings Financial CU Apple Valley 14985 Glazier Ave 55124 (952) 997-8000 No 10.40
Firefly CU Chanhassen 7905 Great Plains Blvd 55317 (952) 882-5858 No 10.81
United Educators CU Apple Valley 14989 Florence Trl 55124 (952) 997-2200 No 11.02

South Metro Federal Credit Union Financial Performance Charts


Performance Charts

Website Image

Financial Data


South Metro Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 7.90 5.20 6.33 5.97 5.10
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 85 419 477 369 242
Rank Among All Minnesota Credit Unions 3 65 74 44 31

South Metro Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 N/A 0.75 0.75
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 N/A 215 192
Rank Among All Minnesota Credit Unions 12 17 N/A 22 15
South Metro Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.9003451,090,285
All Other Unsecured Loans/Lines of Credit 9.2002354,148,413
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.20031911,468,839
Used Vehicle Loans 6.33060710,311,734
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.9707417,537,480
Total Other Real Estate Loans/Lines of Credit 5.1001998,925,726
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 9.33046912,847,658
TOTAL LOANS & LEASES 2,24866,330,135

South Metro Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 349,250,16061,839,970
    b. 15 Years or less 214,393,4944779,408
Balloon/Hybrid
    a. > 15 years 81,835,24900
    b. 15 Years or less 112,058,5773466,100
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 1606,898,444291,341,650
Closed-End Adjustable Rate 251,225,63600
Open-End Adjustable Rate 14801,6468512,647
Open-End Fixed Rate 0000
TOTALS 27326,463,206504,939,775

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 4171,87217,400
Interest Only & Payment Option Other RE/LOC Loans 7711,479451,247
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

South Metro Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes