Sep, 30, 2025 — SMW FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in LINO LAKES, MN with 2 branch locations and about $89.88 million in total assets. Opened 72 years ago in 1954, SMW FINANCIAL CREDIT UNION has about 4,664 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SMW FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 700 Apollo Dr LINO LAKES, MN 55014-3035 |
| Phone: | (651) 747-1500 |
| Fax: | (651) 747-1559 |
| Website: | https://www.smwfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,664 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68676 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $89,879,275 |
| CEO/Manager: | Erin McNamara |
| Chairperson: | Michael Day |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,894,827 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,948,245 |
| Unsecured Loans | 2,174,825 |
| Other Loans | 18,932,164 |
| TOTAL LOANS | 53,559,515 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -283,672 |
| Land And Building | 3,801,027 |
| Other Fixed Assets | 143,986 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 766,108 |
| All Other Assets | 0 |
| TOTAL ASSETS | 89,879,275 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 181,686 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,005,430 |
| Regular shares | 25,105,954 |
| All Other Shares & Deposits | 30,116,237 |
| TOTAL SHARES & DEPOSITS | 80,227,621 |
| TOTAL LIABILITIES | 80,409,307 |
| Regular Reserve | 0 |
| Other Reserves | -315,331 |
| Undivided Earnings | 9,785,299 |
| TOTAL EQUITY | 9,469,968 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 89,879,275 |
| INCOME & EXPENSE | |
| Loan Income | 2,287,594 |
| Investment Income | 626,398 |
| Other Income | 274,293 |
| Total Employee Compensation & Benefits | 1,039,679 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,336,854 |
| Non-operating Income & (Expense) | -5,374 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 785,292 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 330,597 |
| ↑ Back to Top | |