Southpoint Financial Credit Union

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A short history of Southpoint Financial CU

Since its inception in 1936 the Southpoint Financial Credit Union has been serving its members in the SLEEPY EYE, 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 Richard Nesvold, the Southpoint Financial CU has grown its membership to over 16,938 with assets of more than $312,884,332. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (507) 794-6712 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SLEEPY EYE, MN.

General Information For Southpoint Financial CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 68667
Address 920 MAIN ST E 
State Minnesota 
Zip-Code 56085
Phone Number (507) 794-6712
Fax Number (507) 794-5540
Email Address: ----
CEO/President Richard Nesvold
Members 16,938 
Full-Time Employees 78 
Part-Time Employees
Number of Branch Offices
Total Assets 312,884,332 

Compare Southpoint Financial Credit Union To Other Local Credit Unions

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Southpoint Financial Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Southpoint Financial 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 7.00 2.99 2.99 3.95 3.95
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 46 145 91 133 94
Rank Among All Minnesota Credit Unions 2 27 13 18 11

Southpoint Financial Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.25 0.25 0.25 0.30 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 95 95 105 302 192
Rank Among All Minnesota Credit Unions 6 8 18 36 15
Southpoint Financial Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.0002,0003,617,600
All Other Unsecured Loans/Lines of Credit 6.9901,4182,135,205
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 8.2502951,607,263
New Vehicle Loans 2.9902586,086,004
Used Vehicle Loans 2.9903,58141,037,211
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.9501,722154,223,473
Total Other Real Estate Loans/Lines of Credit 3.95052710,161,072
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.99071131,010,794
TOTAL LOANS & LEASES 10,512249,878,622

Southpoint Financial Credit Union Real Estate Loans and Lines of Credit


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 18217,157,8409814,832
    b. 15 Years or less 64955,126,172555,529,464
    a. > 15 years 0000
    b. 15 Years or less 89181,939,461376,612,987
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 631,665,2164187,781
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 4648,495,856411,174,666
Open-End Fixed Rate 0000
TOTALS 2,249164,384,54514614,319,730


Interest Only & Payment Option 1st Mortgage Loans 7745,6050
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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