SOUTHPOINT FINANCIAL

924 Main St E
Sleepy Eye, MN 56085

Notable Rates APY Vs.Others
Savings 0.25% 2.30% →
1-Year CD 1.25% 2.25% →
2-Year CD 1.25% 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Southpoint Financial is an NCUA insured institution located in Sleepy Eye, MN. It was founded in 1936 and has approximately $358.2 millions in assets.

NCUA Insured Yes
Charter Number # # 68667
Date Established 1936
Assets $358.20 million
Loans $280.34 million
Deposits $305.33 million
Capital $47.90 million
 

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.

Deposit Rates - December 5, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.40% $2,500 $9,999 Learn MoreShow Less
Money Market
0.40% $10,000 $24,999 Learn MoreShow Less
Money Market
0.40% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.25% $2,500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.30% $1,000 - Learn MoreShow Less
6 Mo CD
0.90% $1,000 - Learn MoreShow Less
12 Mo CD
1.25% $1,000 - Learn MoreShow Less
18 Mo CD
1.25% $1,000 - Learn MoreShow Less
24 Mo CD
1.25% $1,000 - Learn MoreShow Less
36 Mo CD
1.25% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.75% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.25% $1,000 $9,999 Learn MoreShow Less

Loan Rates - December 5, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for SOUTHPOINT FINANCIAL

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.625% 3.625% -0.13 ($262) $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
First Internet Bank
NMLS ID: 424182
3.625% 3.625% -0.13 ($210) $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to SOUTHPOINT FINANCIAL
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Southpoint Financial branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Southpoint Financial Locations


Financial Details

Southpoint Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southpoint Financial. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Southpoint Financial U.S. Average
1.23% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Southpoint Financial had $568,565 in non-current loans and $30,900 in owned assets. To cover these potential losses it had $47,902,694 in net worth and $1,015,601 in loans loss reserves. That gives it a Texas Ratio of 1.23%.

Net Worth
Southpoint Financial U.S. Average
13.37% 13.65%

Southpoint Financial FCU has a net worth of 13.37% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Southpoint Financial

Branches and Savings

What is Southpoint Financial?

A federal credit union, registered with the NCUA under certificate #68667.
Learn more about credit unions here.

Is Southpoint Financial FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Southpoint Financial?

Please see Field of Membership information above for information on who is eligible to join.

What are Southpoint Financial's share account and share certificate rates?

Southpoint Financial's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Southpoint Financial?

Southpoint Financial has total capital of $47.90 million. Full information on Southpoint Financial's financial position is located above.

Who owns Southpoint Financial?

Credit Unions are owned by their members.

Where are Southpoint Financial branches located?

See branch locations nearby.

Are Southpoint Financial ATMs Open 24/7?

Do Southpoint Financial ATMs accept cash deposits?

Can Southpoint Financial customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Southpoint Financial have a mobile app?

Does Southpoint Financial have mobile deposit?

Does Southpoint Financial have quick pay?

How can Southpoint Financial transfer money to other banks or credit unions?

Does Southpoint Financial report to credit bureaus?

Does Southpoint Financial use Chexsystems?

Does Southpoint Financial use Equifax?

What is Southpoint Financial's toll free phone number?

What is Southpoint Financial's ACH Routing Number?

What is Southpoint Financial's SWIFT code?

Where can I find Southpoint Financial's wire transfer form?

What is the Southpoint Financial address for deposits?

What Products Does Southpoint Financial Offer

Does Southpoint Financial offer mortgages?

Compare mortgage rates here.

Does Southpoint Financial offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Southpoint Financial offer auto and RV loans?

Compare auto loan rates here.

Does Southpoint Financial offer student loans or personal loans?

Compare personal loan rates here.

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