South Metro Credit Union Shakopee MN | Best Auto Loans & Business Banking

Introduction

Welcome to South Metro, your trusted partner in financial services located at 8001 Old Carriage Ct Ste A, Shakopee, MN 55379. Established in 1993, we have proudly served our community for over 30 years, building a strong foundation of trust and reliability. With a total membership of 4,994 and assets reaching an impressive $179,883,921, we are committed to providing personalized banking solutions that meet the unique needs of our members. At South Metro, we understand that every financial journey is different. That's why we offer a range of services including personal banking, auto loans, mortgages, and business banking options. Our focus is always on you the member ensuring that your experience with us is as seamless as possible. With total deposits amounting to $18,927,577 and net worth of $15,853,192, we stand ready to support your financial goals. Our dedicated team of 27 employees, led by CEO B Don Crofut and Board President Scott Gaughran, is here to assist you every step of the way. We pride ourselves on our community involvement and strive to make a positive impact in Shakopee and beyond. Whether you're looking to open a new account or need assistance with loans totaling 3,710, we're here for you. While members can visit us at our branch location, official correspondence should be sent to the same address above. Have questions or need assistance? Feel free to reach out at 952-445-0888 during our lobby hours from Monday to Friday, 8:00 AM - 5:00 PM or Saturday from 9:00 AM - 1:00 PM. Join us today at South Metro where your financial well-being is our top priority!

Branch History & Mission

Welcome to South Metro, where our story is one of community, growth, and a steadfast commitment to our members. Established in 1993, we have proudly served the vibrant community of Shakopee, MN for over two decades. Located at 8001 Old Carriage Ct Ste A Shakopee Mn 55379, we are easily accessible for all your banking needs, surrounded by the warmth of local neighborhoods and the beauty of our shared spaces. From our humble beginnings, we have grown significantly, now boasting a total membership of 4,994. Our journey has been marked by dedication to providing excellent financial services and support to every member who walks through our doors. With total assets amounting to an impressive $179,883,921, we are equipped to offer a wide range of services tailored to meet the diverse needs of our community. At South Metro, our mission is clear: we strive to empower our members through personalized financial solutions while fostering a spirit of collaboration and support within the community. We believe that banking should be more than just transactions; it should be about building relationships and creating opportunities for everyone. This mission drives us to provide exceptional products such as personal banking accounts, auto loans, mortgage options, business banking solutions, and much more. As part of our commitment to inclusivity and accessibility, we ensure that our branch meets ADA compliance standards, making it easier for all individuals to access our services. We are proud to offer modern conveniences like online banking and mobile payments, allowing you to manage your finances anytime, anywhere. Plus, with both ATM availability and drive-thru banking options, we're here to serve you efficiently. While members can visit us at 8001 Old Carriage Ct Ste A Shakopee Mn 55379, official correspondence should be sent, if it differs from our physical location. Our operating hours are designed with your schedule in mind: Monday through Friday from 8:00 AM to 5:00 PM and Saturday from 9:00 AM to 1:00 PM. We also take pride in being an active partner within the Shakopee community. Through various outreach programs and initiatives, we aim to give back and uplift those around us. Whether it's sponsoring local events or supporting charitable organizations, we are dedicated to making a positive impact. If you're looking for a credit union that prioritizes your needs while fostering a sense of belonging and community spirit, look no further than South Metro. Join us today and experience firsthand the benefits of being part of our family. Together, let's build a brighter financial future! For more information or assistance, don't hesitate to reach out at (952) 445-0888 or visit our website at Southbridge.

Branch Location & Accessibility

Call Us Anytime

If you have questions or need assistance, feel free to call us at 952-445-0888. Our team is eager to support you with all your banking needs and guide you on your financial journey. We invite you to visit South Metro today and discover how we can make banking more accessible and enjoyable for you!

Convenient Access

At South Metro, we understand that convenience matters. Our branch features ample parking, and we are proud to be ADA compliant, ensuring everyone can easily access our services. If you prefer banking on the go, take advantage of our ATM availability right here at the branch. Plus, for those who enjoy quick service, we have drive-thru banking available for deposits and withdrawals without leaving your car.

Operating Hours

Our doors are open Monday through Friday from 8:00 AM to 5:00 PM and Saturday from 9:00 AM to 1:00 PM, making it easy for you to fit banking into your busy schedule. Whether you need assistance with personal loans, auto financing, or setting up an account, our friendly staff is ready to help during these hours.

Member Eligibility

At South Metro, we believe that everyone deserves access to a welcoming community and financial support tailored just for them. If you're looking to join us, you'll be pleased to know that becoming a member is quite simple! Eligibility generally includes individuals who live, work, or worship in the local area, as well as their family members. We encourage you to check out the full details on our eligibility criteria by visiting https://www.southmet.com/become-a-member/#how. Once you find that you're eligible, opening an account is a breeze! You can start your journey towards better banking by visiting our online account opening page at https://secure-southmet.com/enrollonline/enrollchoice.aspx. If you have any questions or need assistance along the way, don't hesitate to reach out to us at (952) 445-0888. We're excited to welcome you to South Metro and support you in achieving your financial goals!

Business Banking & Commercial Services

Lending Solutions

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.

Merchant Services

In today's fast-paced world, having reliable merchant services can set your business apart. Imagine offering your customers easy payment options that fit their lifestyle whether it's contactless payments, mobile transactions, or traditional credit card processing. At South Metro, we empower you to accept payments seamlessly so you can focus on what matters most: growing your business. Located at 8001 Old Carriage Ct Ste A Shakopee Mn 55379 in Shakopee, MN, we invite you to explore how our business banking and commercial services can help you thrive. Contact us at (952) 445-0888 or visit us online at Southbridge to learn more!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Are you dreaming of a new car? Our auto loans make it easier than ever to get behind the wheel. At South Metro, we offer competitive rates and flexible terms that fit your budget. Whether you're buying a new vehicle or refinancing an existing loan, our team will help you find the best solution.

Business Banking

For our business members, we offer tailored banking solutions that include merchant services and business loans. Whether you're just starting out or looking to expand, our team is ready to support your entrepreneurial journey every step of the way.

Convenient Banking Features

We know how important it is for you to access your money quickly and easily. That's why South Metro offers ATM services for cash withdrawals and balance checks. Plus, our drive-thru service allows for quick deposits and simple transactions without leaving your car. We invite you to visit us at 8001 Old Carriage Ct Ste A Shakopee Mn 55379 or give us a call at (952) 445-0888 during our operating hours: Monday - Friday from 8:00 AM - 5:00 PM and Saturday from 9:00 AM - 1:00 PM. Explore all the ways South Metro can assist you in achieving financial success today! For more information about becoming a member or opening an account, visit us online at Southbridge.

Credit Cards with Rewards

Why not earn rewards while making everyday purchases? Our credit cards offer perks like cashback and points redeemable for travel or merchandise. With features such as no annual fees and competitive interest rates, it's a smart choice for those who want to get more from their spending.

Mortgage Loans & Refinancing

Buying a home is one of the biggest decisions you'll make. Our mortgage loans provide affordable options tailored to first-time buyers and seasoned homeowners alike. If you're considering refinancing, let us show you how you can save on monthly payments or tap into your home's equity.

Personal Banking

Whether you're looking to open a checking or savings account, South Metro has you covered. Our personal banking options are designed for convenience and flexibility, allowing you to manage your finances with ease. Imagine being able to deposit checks from your smartphone or transfer money to a friend using our user-friendly mobile app. With online banking, you can access your accounts anytime, anywhere.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, and that's where our personal loans come in handy. Whether it's for home repairs or consolidating debt, we provide straightforward solutions with reasonable rates. Our goal is to empower you with the funds you need while helping you keep your finances manageable.

Digital & Online Banking

Key Features

We offer electronic statements for those who prefer to go paperless, providing an easy way to keep track of your transactions while helping the environment. If you're looking to make payments quickly, our mobile payments feature lets you send money directly from your phone. Need to split a bill? Our person-to-person transfers make it simple to send money to friends or family with just a few taps. While convenience is key, security is equally important. We prioritize protecting your information with robust security measures. Although we currently do not support electronic signature authorization for documents, rest assured that our systems are secure and reliable. In today's fast-paced world, having access to real-time account management is essential. Whether you're at home or out and about, our digital banking services ensure that managing your finances is easy and efficient. Join us at South Metro and experience banking made simple!

Financial Strength

At South Metro, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to showcase our solid financial foundation, which reflects our commitment to serving you with confidence. 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. 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. Our strong position is further supported by $15,398,415 in undivided earnings, which allows us to reinvest in innovative banking tools and stronger lending options to serve our members better. With $848 in used auto loans and $115,770,795 in total loans and leases, our lending capacity supports your financial goals across various sectors. 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. With a total of 10,413 share accounts, we have built a strong and growing member base that trusts us with their finances. Our net shares available for lending stand at $0, reinforcing our ability to support your needs. 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 8001 Old Carriage Ct Ste A Shakopee Mn 55379 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.

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 rates to ensure you can find the perfect fit for your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $6,142,178 provide the capital needed to grow and expand your business ventures. Whether you're starting up or scaling operations, we are here to support your entrepreneurial journey. At South Metro, we believe in providing our members with reliable financial solutions tailored to their needs. If you're interested in learning more about our loan offerings or eligibility requirements, don't hesitate to reach out at (952) 445-0888 or visit us at 8001 Old Carriage Ct Ste A Shakopee Mn 55379 in Shakopee, MN. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step toward achieving your financial goals!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. With Junior Lien 1-4 Family Residential Properties loans totaling $2,768,597, we can help turn your dream of owning a home into reality. We also offer refinancing options, making it easier than ever to secure a better rate or adjust your loan terms.

Unsecured Credit Card Loans

Managing day-to-day expenses? 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 allows you to handle unexpected costs while enjoying the benefits of easy repayment plans.

Loan Aggregator

Reliable Comparisons

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SOUTH METRO FEDERAL CREDIT UNION - Shakopee, MN

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