South Metro Credit Union Bloomington MN | Low Mortgage Rates & Quick Personal Loans

Introduction

Welcome to South Metro, your trusted financial partner located at 9889 Penn Ave S, Bloomington, MN 55431. Since our establishment in 1993, we have been dedicated to serving our community with integrity and personalized service. As a proud member of the credit union family, we currently serve over 4,994 members and manage total assets of $179,883,921. Our commitment to helping you achieve your financial goals is at the heart of everything we do. At South Metro, we offer a wide range of services tailored to meet your needs, including personal banking options like checking and savings accounts, auto loans, mortgage financing, and business loans. With total deposits reaching $18,927,577 and an impressive loan portfolio of 3,710 loans, our financial health reflects our dedication to you and our community. Our leadership team is here to ensure that your experience is exceptional. Under the guidance of CEO B Don Crofut and Board President Scott Gaughran, we strive to foster a welcoming environment where every member feels valued. We understand that each financial journey is unique, and we're here to support you every step of the way. While you can visit us at our Bloomington branch for all your banking needs, please note that official correspondence should be directed to our mailing address at 2573 Credit Union Drive, Prior Lake, MN 55372. If you have questions or want to learn more about how we can help you thrive financially, don't hesitate to reach out! Call us at 952-445-0888 or explore our website at www.southmet.com for more information. Your financial future starts here with South Metro let's build it together!

Branch History & Mission

At South Metro, we take pride in our rich legacy of serving the Bloomington community since we opened our doors in 1993. Located at 9889 Penn Ave S, Bloomington, MN 55431, our branch has become a trusted financial partner for nearly 5,000 members. Over the years, we have grown not only in membership but also in our commitment to providing comprehensive financial services tailored to the unique needs of our community. Our mission is simple yet profound: to empower our members with the tools and resources they need to achieve their financial goals while fostering a sense of belonging and support within the community. We believe that everyone deserves access to quality financial services, which is why we offer personal banking options such as checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. While members can visit us at 9889 Penn Ave S, official correspondence should be sent to 2573 Credit Union Drive, Prior Lake, MN 55372. We are proud to provide various services designed to meet the needs of our members efficiently. With an impressive total asset base of $179,883,921, we ensure that your hard-earned money is safe and sound. In addition to traditional banking services, we embrace technology to enhance your experience. Our digital offerings include online banking and mobile payments, making it easy for you to manage your finances on-the-go. We also prioritize accessibility through ADA compliance and strive to create an inclusive environment for all members. Community outreach is at the heart of what we do. We actively partner with local organizations and initiatives that align with our values and mission. By supporting these efforts, we aim to make a positive impact beyond just financial transactions. We invite you to join South Metro today! Experience the benefits of becoming a member of our credit union where your financial success is our top priority. For more information about membership eligibility or to open an account online, please visit our website or call us at 952-445-0888 during our lobby hours on Tuesdays and Thursdays from 9 AM to 12 PM. Let's embark on this journey together towards a brighter financial future!

Branch Location & Accessibility

Welcome to the South Metro branch, conveniently located at 9889 Penn Ave S in Bloomington, MN! Our friendly team is here to assist you with all your banking needs. Nestled in the heart of Hennepin County, we are easily accessible for members coming from nearby neighborhoods and beyond. If you're looking for a quick visit, you'll find our branch near popular local spots such as the Mall of America and various dining options along Penn Avenue. We strive to make your experience as smooth as possible with ample parking available right outside our doors. Our branch is also equipped with ADA-compliant features to ensure everyone can access our services comfortably. While you can visit us at our physical location, please note that any official correspondence should be sent to our mailing address: 2573 Credit Union Drive, Prior Lake, MN 55372. At South Metro, we understand that your time is valuable. That's why we're open on Tuesdays and Thursdays from 9 AM until noon. During these hours, our dedicated staff is ready to help with a range of services including personal banking, auto loans, mortgage options, and more. Need cash? We've got you covered with convenient ATM access right at the branch. While we don't offer drive-thru banking, our team is committed to providing personalized service within our lobby. Whether you're a long-time member or considering joining us for the first time, we invite you to stop by or give us a call at 952-445-0888 for any questions or assistance. We look forward to welcoming you soon!

Member Eligibility

Becoming a member of South Metro is like stepping into a welcoming community where your financial needs are truly understood and valued. If you're looking to join us, the good news is that eligibility is straightforward! You can become a member if you live, work, or worship in the area served by our branch, located at 9889 Penn Ave S Bloomington Mn 55431. This means that whether you're just starting out on your financial journey or looking for a place to grow your savings, we have something for you. At South Metro, we offer a range of benefits, including personalized service and competitive rates on loans and savings accounts. To start your membership journey with us, simply visit our website for detailed eligibility criteria at https://www.southmet.com/become-a-member/#how. Once you're ready to open an account, the process is easy and can be done online through this link: https://secure-southmet.com/enrollonline/enrollchoice.aspx. If you have any questions along the way, don't hesitate to call us at (952) 445-0888. We're here to help you every step of the way!

Business Banking & Commercial Services

Merchant Services That Make Sense

Imagine having a reliable partner for all your payment processing needs. Our merchant services allow businesses to accept payments easily, whether in-store or online. This means more convenience for your customers and smoother transactions for you. With us, you can focus on what matters most growing your business. Visit us at 9889 Penn Ave S Bloomington Mn 55431 in Bloomington, MN or give us a call at (952) 445-0888 to learn how our business banking services can support your goals.

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $127 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $1 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $6,142,178, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Need cash quickly? With our convenient ATM services, withdrawing cash is just a few taps away. Our ATMs are accessible around the clock for balance checks and withdrawals, ensuring you're never left without access to your funds. At South Metro, we focus on providing personalized service and reliable financial products that cater to your lifestyle. Our branch located at 9889 Penn Ave S Bloomington Mn 55431 is open on Tuesdays and Thursdays from 9 AM to 12 PM for all your banking needs. If you have any questions or would like to learn more about how we can assist you, please don't hesitate to give us a call at (952) 445-0888. Ready to take charge of your financial future? Visit us today or explore our website at Presbyterian Homes Bloomington Limited Services Branch to discover how we can help!

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? Our auto loans and vehicle financing options make it easier than ever. We offer competitive rates that can help you get behind the wheel without breaking the bank. Picture yourself driving off in that new vehicle, knowing you've made a smart financial choice with assistance from our knowledgeable team.

Business Banking

For our entrepreneurial members, we offer comprehensive business banking solutions, including merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we have the tools to support your business goals.

Credit Cards with Rewards

Looking for a credit card that gives back? Our credit cards with rewards allow you to earn points for every purchase you make. These points can be redeemed for various rewards, making your everyday spending more rewarding.

Mortgage Loans & Refinancing

If you're considering buying a home or refinancing your current mortgage, we've got you covered with our mortgage loans and refinancing options. We know that purchasing a home is one of the biggest decisions you'll make, and we're here to guide you through the process smoothly. Let us help turn your dream home into a reality!

Personal Banking

We understand that managing your finances can sometimes feel overwhelming. That's why we provide personal banking services that are designed with you in mind. With options like checking and savings accounts, you'll have easy access to your money whenever you need it. Imagine being able to check your balance or transfer funds right from your phone using our online and mobile banking features. It's convenient, secure, and puts you in control.

Personal Loans & Debt Consolidation

Life can be unpredictable, and sometimes unexpected expenses arise. Our personal loans and debt consolidation services can provide you with the financial support you need to manage those moments effectively. You can consolidate high-interest debts into one manageable payment, simplifying your financial life.

Digital & Online Banking

Access Anytime, Anywhere

With our robust online banking platform, available at https://www.southmet.com/, you can check your account balances, transfer funds, and pay bills 24/7. No need to wait in line or adjust your schedule; everything you need is just a click away. You'll appreciate the ease of accessing your accounts whenever it suits you best.

Manage Your Money with Confidence

Our mobile application lets you handle transactions right from your smartphone. Whether you're making person-to-person transfers or setting up automatic payments, our app provides a user-friendly experience designed for everyone. Plus, with mobile payments enabled, you can enjoy quick and secure transactions without any hassle.

Simple Features for Everyday Use

Need to sign documents electronically? We've got you covered! While we don't currently offer electronic signature authorization, our other features help streamline your banking experience. With real-time account management tools, you'll always know where you stand financially. At South Metro, we believe that banking should fit into your life seamlessly. Explore all these fantastic digital banking options today and see how easy it is to manage your money with us!

Stay Informed and Secure

We also offer e-statements to keep you informed about your finances while reducing paper clutter. You can easily view and download your statements whenever needed. Security is a top priority for us; that's why we ensure all your transactions are protected with advanced security measures.

Financial Strength

Growing Membership

Total Share Accounts: 10,413, showing a strong and growing member base that trusts us with their finances. This growth allows us to strengthen the services we provide while keeping your best interests at heart. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, South Metro is your trusted partner. Visit us at 9889 Penn Ave S Bloomington Mn 55431 or call (952) 445-0888 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Member Savings and Investments

Members' savings are secured through $32,535,427 in share certificates and $8,413,765 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,580,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is reflected in our $56,691, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 27 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Improvement

With $15,398,415 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $848 in used auto loans and $115,770,795 in total loans and leases.

Strong Financial Health

With a net worth of $15,853,192, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 8.81% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $17,260,678 in used vehicle loans and $16,530,896 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates to make your car-buying experience smooth and stress-free.

Business Loans

For business owners, our outstanding commercial loans totaling $6,142,178 provide the capital needed to grow and expand your business. We understand the challenges that come with running a business and are committed to supporting your entrepreneurial journey.

Credit Options

We also offer flexible terms on unsecured credit card loans, with a total of $1,320,383 in loans helping members manage their finances effectively. This option provides you with the flexibility to make purchases without collateral while enjoying manageable repayment plans.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $2,768,597, make buying or refinancing simple. Our team is dedicated to helping you navigate the process with ease and confidence.

Refinancing Options

If you're considering refinancing any existing loans or exploring eligibility options for our various loan products, our knowledgeable staff is available to assist you with personalized advice and guidance tailored to your financial situation. At South Metro, we pride ourselves on being more than just a lender; we're your partner in achieving financial success. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today or check out our website at southmet.com to learn more about our loan offerings and how we can help you take control of your financial future.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a focus on transparency and reliability, LendMesh allows users to make informed decisions without the confusion often associated with loan shopping. Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This ensures that all offers presented are fair and transparent. The platform's commitment to accuracy means users can trust the information they receive when comparing loans. One significant benefit of using LendMesh is its reliance on verified data. Loan offers are sourced only from legitimate financial institutions, ensuring transparency at every step. Additionally, LendMesh does not feature sponsored listings. Unlike many comparison tools that prioritize lenders based on paid promotions, LendMesh remains dedicated to providing unbiased results that reflect the true market landscape. Users will appreciate the real-time rate comparisons available through LendMesh. The platform updates loan rates from multiple institutions regularly, helping users find the best options tailored to their needs. This feature empowers individuals to make choices based on current market conditions rather than outdated information. Thousands of users trust LendMesh for loan comparisons. One satisfied member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Testimonials like this highlight how effective and reliable LendMesh is as a resource for those seeking better loan rates. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

SOUTH METRO FEDERAL CREDIT UNION - Bloomington, MN

Compare Loan Rates Near You

Loan rates in Bloomington, MN (55431)