Credit Unions Near Me
National Credit Union Service Organization

SOUTHPOINT FINANCIAL CREDIT UNION

Mar, 31, 2021 — SOUTHPOINT FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in SLEEPY EYE, MN with 7 branch locations and about $462.96 million in total assets. Opened 85 years ago in 1936, SOUTHPOINT FINANCIAL CREDIT UNION has about 26,890 members and employs 96 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291976493
Name:SOUTHPOINT FINANCIAL CREDIT UNION
Address:
(Main Office)
924 MAIN ST E
SLEEPY EYE, MN 56085-4380
Phone:(877) 794-6712
Fax:(507) 794-5540
Website:http://www.southpointfinancial.com
Branches:7 branch locations
Members:26,890
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68667
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$462,957,473
CEO/Manager:Jay Gostonczik
Chairperson:Matthew M Lux

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 69,373,807
TOTAL INVESTMENTS 44,564,954
Loans Held for Sale 1,409,400
 
 Real Estate Loans 197,433,036
 Unsecured Loans 16,585,845
 Other Loans 98,044,312
 TOTAL LOANS 314,431,685
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,054,692
 Land And Building 12,102,240
 Other Fixed Assets 2,664,901
 NCUSIF Deposit 3,406,857
 All Other Assets 17,058,321
  TOTAL ASSETS 462,957,473
LIABILITIES & CAPITAL:  
 Dividends Payable 206,557
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,313,353
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 84,398,416
 Regular shares 85,995,573
 All Other Shares & Deposits 236,949,805
  TOTAL SHARES & DEPOSITS 407,343,794
  TOTAL LIABILITIES 410,863,704
 Regular Reserve 3,200,000
 Other Reserves -138,514
 Undivided Earnings 49,032,283
  TOTAL EQUITY 52,093,769
  TOTAL LIABILITIES, SHARES, & EQUITY 462,957,473
INCOME & EXPENSE  
 Loan Income 3,159,592
 Investment Income 80,167
 Other Income 948,153
 Total Employee Compensation & Benefits 1,746,450
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,796,109
 Non-operating Income & (Expense) 4,812
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 279,245
 Cost of Funds 486,579
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,149,251
↑ Back to Top

Other Credit Unions

JOSTEN EMPLOYEES CREDIT UNION
148 E BROADWAY ST
OWATONNA, MN 55060
NORTHERN ENERGY FEDERAL CREDIT UNION
210 E LIME ST
MANKATO, MN 56001-3348
FAIRMONT SCHOOL EMPLOYEES FEDERAL CREDIT UNION
900 JOHNSON ST
FAIRMONT, MN 56031
EATON EMPLOYEES CREDIT UNION
14900 TECHNOLOGY DR
EDEN PRAIRIE, MN 55344-2208
WEST METRO SCHOOLS CREDIT UNION
1001 HIGHWAY 7
HOPKINS, MN 55305
FEDERATED EMPLOYEES CREDIT UNION
1929 S CEDAR AVE
OWATONNA, MN 55060-4301
MINNESOTA VALLEY FEDERAL CREDIT UNION
PO Box 4399
MANKATO, MN 56002
FULDA AREA CREDIT UNION
P.O. BOX 329
FULDA, MN 56131
SOUTH METRO FEDERAL CREDIT UNION
2573 CREDIT UNION DR
PRIOR LAKE, MN 55372
CO-OP CREDIT UNION OF MONTEVIDEO
PO Box 447
MONTEVIDEO, MN 56265-0447