Southpoint Financial New Ulm MN Credit Union | Best Auto Loans & Mortgage Rates

Introduction

Welcome to Southpoint Financial, your trusted credit union located at 706 N German St, New Ulm, MN 56073. Since our establishment in 1936, we have been committed to serving our community with integrity and care. With over 32,410 members and a dedicated team of 109 employees, we take pride in offering personalized financial solutions that meet the unique needs of our members. At Southpoint Financial, we understand that every financial journey is important. That's why we provide a wide range of services, including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. Our total assets stand strong at $548,693,556, reflecting our stability and commitment to your financial well-being. With total deposits amounting to $26,861,516 and cash in hand reaching $7,504,296, you can trust that your money is safe with us. Led by our CEO Jay Gostonczik and Board President Adam Seifert, our leadership team is dedicated to fostering a supportive environment where members feel valued and heard. Whether you're looking for financial advice or assistance with loans totaling over 16,318 loans and leases our friendly staff is here to help you every step of the way. While you can visit us at our branch location for all your banking needs, official correspondence should be sent to the same address: 706 N German St, New Ulm, MN 56073-1102. For more information about our services or to get started on your next financial adventure, please call us at 507-233-5600 or visit us online at www.southpointfinancial.com. Join us today and experience the Southpoint Financial difference where your goals become our priority!

Branch History & Mission

Join Us

With an ATM available and drive-thru banking for your convenience, we're here to make your banking experience as smooth as possible. If you're not yet a member of Southpoint Financial, we invite you to explore what we offer. Join us today and experience firsthand how we can support your financial journey! For more information or assistance, feel free to call us at (507) 233-5600 or visit our website at Southpoint Financial. Together, let's build a brighter financial future!

Our Evolution

Located at 706 N German St, New Ulm, MN 56073, our branch is conveniently situated near local landmarks that connect us to the vibrant community we serve. Over the years, we have expanded our services and embraced advancements in technology to better meet the needs of our members. Our mission has always been clear: to provide exceptional financial services while fostering a sense of community and support among our members. As we evolved through the years, we introduced essential services such as personal banking options, auto loans, mortgages, and business banking solutions. We understand that financial needs can vary widely, and that's why we are dedicated to offering tailored solutions that empower our members to achieve their goals.

Our Mission

At Southpoint Financial, our mission goes beyond just providing financial products; it's about building lasting relationships within our community. We strive to make banking accessible and inclusive for everyone. Our commitment to customer service is evident in every interaction whether it's through face-to-face conversations at our branch or through digital platforms that allow for convenient online and mobile banking. We also believe in giving back to the communities we serve. Through various outreach programs and partnerships with local organizations, we actively engage in initiatives that make a positive impact on the lives of those around us. While you can visit us at 706 N German St New Ulm Mn 56073, official correspondence should be sent to 706 N German St, New Ulm, MN 56073-1102 if it differs from our branch location. Our operating hours are designed to fit your busy schedule: Monday through Friday from 8:30 AM to 5:00 PM and Saturday from 8:30 AM to 12:00 PM.

Branch Location & Accessibility

Convenient Access and Features

At Southpoint Financial, we prioritize making your banking experience as smooth as possible. Our branch offers ample parking and features that comply with ADA standards, ensuring everyone can visit us comfortably. Plus, if you prefer banking on the go, we have an ATM available for easy cash withdrawals and balance checks whenever you need them. For those who enjoy a quick stop, our drive-thru service is here to help with deposits, withdrawals, and simple transactions without leaving your car.

Get in Touch

If you have questions or want more information about our services before visiting, feel free to give us a call at 507-233-5600. While members can visit us at 706 N German St, official correspondence should be sent to our mailing address at 706 N German St, New Ulm, MN 56073-1102. We can't wait to welcome you into the Southpoint Financial family! Stop by today and discover how we can support your financial journey.

Operating Hours

We understand that life can be busy! That's why our lobby hours are set to accommodate you: we're open Monday through Friday from 8:30 AM to 5:00 PM and Saturday from 8:30 AM until noon. Whether you need assistance with personal banking, loans, or just want to chat about financial options, our dedicated team is ready to help during these times.

Member Eligibility

At Southpoint Financial, we believe that everyone deserves a chance to be part of a supportive and thriving community. Joining us is simple and welcoming! To become a member, you just need to meet a few criteria which typically include living, working, or worshiping in the areas we serve. This means if you're in or around New Ulm, MN, you're likely eligible! We pride ourselves on being inclusive and accessible, so whether you're new to banking or looking for better options, we're here to help you every step of the way. If you want to learn more about the specific eligibility requirements, feel free to check out this detailed resource: https://app.loanspq.com/xa/xpressapp.aspx?lenderref=spfcu032614&referralsource=spfcumemberships&l=1&noencrypt= . Ready to take the next step? Opening an account at Southpoint Financial is straightforward; just visit us at our branch located at 706 N German St New Ulm Mn 56073, or give us a call at (507) 233-5600 for any questions. Join us today and experience all the benefits that come with being a member!

Business Banking & Commercial Services

Merchant Services Made Simple

Imagine running your business smoothly with payment solutions that fit right into your daily operations. Our merchant services offer everything from credit card processing to mobile payment options, ensuring you can focus on what matters most growing your business. With easy-to-use tools at your fingertips, managing transactions becomes hassle-free. Located at 706 N German St New Ulm Mn 56073 in New Ulm, MN, our dedicated team is here to help you navigate the world of business finance. Call us today at (507) 233-5600 to learn more about how we can support your journey toward success!

Supporting Business Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $381 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $43,527,537, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Solutions

Running a business can be challenging, but at Southpoint Financial, we aim to ease some of that burden with our tailored business banking services. From comprehensive merchant services that help you process payments efficiently to accessible business loans for growth opportunities, we are here to support your entrepreneurial journey.

Commitment to Accessibility

We know that sometimes life gets busy, which is why we offer extended hours during the week and Saturday mornings to ensure you can visit us when it's convenient for you. Our friendly team is always ready to assist you at our branch located at 706 N German St New Ulm Mn 56073. If you're interested in learning more about how Southpoint Financial can help you meet your financial goals, don't hesitate to reach out! Call us at (507) 233-5600, or visit us online at New Ulm. Your journey towards better financial health starts here!

Digital Banking Features

In today's fast-paced world, convenience matters. That's why we've invested in robust online and mobile banking platforms. With these tools, managing your finances is just a few taps away be it checking balances, transferring funds, or paying bills. Our members also enjoy easy access through our ATM and cash withdrawal services, along with basic drive-thru banking for simple transactions like deposits and withdrawals.

Personal Banking Services

When it comes to personal banking, we understand that each member has unique needs. That's why we offer flexible checking and savings accounts that fit various lifestyles. If you're considering buying a new car, our auto loans and vehicle financing options are designed to make that dream a reality without straining your budget. And if you're looking for a home, our mortgage loans and refinancing services can guide you through the process smoothly. For those facing financial challenges or wanting to consolidate debt, our personal loans and debt consolidation options provide relief when you need it most. Plus, don't forget about our rewarding credit cards that come with perks designed to benefit you.

Digital & Online Banking

Mobile Application

For those who prefer banking on the go, our mobile application offers all the features of online banking in a user-friendly format. With it, you can easily perform transactions and stay updated on your account activity whenever you have a spare moment. Plus, our mobile payments feature allows you to make quick payments directly from your phone perfect for those busy days when you're out and about.

Online Banking Services

Our online banking platform, accessible through https://www.southpointfinancial.com/ , provides you with 24/7 access to your accounts. You can check balances, transfer funds, and pay bills all from the comfort of your own home. No need to rush to the branch during business hours; everything you need is right at your fingertips.

Person-to-Person Transfers

Need to send money to a friend or family member? Our person-to-person transfer service makes it easy to send money instantly without any hassle. It's just another way we're committed to providing convenient solutions for our members. At Southpoint Financial, we understand that banking should fit seamlessly into your life. With our robust digital and online banking options, managing your finances has never been easier or more secure. Explore all these features today at https://www.southpointfinancial.com/ and take control of your financial journey!

Secure Transactions

Security is our top priority. We utilize electronic signature authorization for safe and efficient document handling, ensuring that your sensitive information remains protected. Additionally, you can opt for e-statements instead of paper statements to keep your financial records organized and secure.

Financial Strength

Commitment to Members

Our operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 98 full-time employees and 11 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Member Base

We have a strong community trust with 68,191 total share accounts, showing a growing member base that trusts us with their finances. Our net shares amount to $9,243,766, indicating funds available for lending and investments. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Southpoint Financial is your trusted partner. Visit us at 706 N German St New Ulm Mn 56073 or call (507) 233-5600 to learn more about how we can help you achieve your financial goals.

Reinvestment for Better Services

With $58,603,577 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 members' financial goals across various sectors with $7,620 in used auto loans and $407,381,553 in total loans and leases.

Secure Savings Opportunities

Members' savings are secured through $155,066,368 in share certificates and $114,521,735 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Net Worth

With a net worth of $61,818,486, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,127 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. We have already provided over $99,946,427 in used vehicle loans and $10,734,409 in new vehicle loans to help members get on the road. Whether you're purchasing a brand-new model or a reliable used vehicle, we have options tailored for you.

Business Financing

For business owners, our outstanding commercial loans totaling $43,527,537 provide the capital needed to grow and expand your business. We're committed to supporting local businesses with tailored lending solutions that align with their goals.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $33,429,264. Let us help you take this important step toward owning your dream home with competitive rates and flexible terms.

Refinancing Options

If you're looking for ways to lower your monthly payments or consolidate debt, we offer refinancing options across many of our products. Our team can assist you in exploring eligibility criteria and finding solutions that best suit your financial situation. At Southpoint Financial located at 706 N German St, New Ulm, MN 56073, we prioritize our members' financial well-being. Feel free to reach out at 507-233-5600 for any questions about our loan products or visit us online at southpointfinancial.com for more information. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. We look forward to helping you achieve your financial goals!

Unsecured Credit Card Loans

Managing everyday expenses can be easier with our unsecured credit card loans. We currently offer a total of $5,086,964 in unsecured credit card loans designed to provide flexibility when you need it most. These loans come with various terms to help you effectively manage your finances.

Loan Aggregator

Ensuring Accurate Comparisons

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 are fair and transparent. By working exclusively with verified lenders, LendMesh guarantees that users receive only legitimate loan options.

Key Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions allow users to make informed decisions. Thousands of users trust LendMesh for their loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback highlights the effectiveness and trustworthiness of the platform. Ready to find the best loan rates? Compare real-time loan offers today at LendMesh and discover options that fit 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.*

SOUTHPOINT FINANCIAL CREDIT UNION