Southpoint Financial Credit Union Springfield MN | Best Auto Loans & Business Banking

Introduction

Welcome to Southpoint Financial, your trusted partner in financial well-being, located at 975 Central St, Springfield, MN 56087. Since our establishment in 1936, we've been dedicated to serving our community with a strong commitment to member satisfaction and financial empowerment. With a membership of over 32,410 individuals and total assets amounting to an impressive $548,693,556, we pride ourselves on being a cornerstone of support for our members. At Southpoint Financial, we understand that every financial journey is unique. That's why we offer a range of services tailored to meet your needs whether you're looking for personal banking solutions, auto loans, mortgage refinancing, or business banking options. Our experienced team is led by CEO Jay Gostonczik and Board President Adam Seifert, who are passionate about guiding you through your financial decisions with care and expertise. If you need assistance, don't hesitate to reach out! You can contact us at (507) 723-9000 or visit our website at www.southpointfinancial.com for more information. While members can visit us at our branch location for personal service, please note that official correspondence should be sent to the same address: 975 Central St, Springfield, MN 56087-1133. We invite you to explore the many ways Southpoint Financial can help you achieve your financial goals. Come experience the difference of community-focused banking today!

Branch History & Mission

Community Focus

We are deeply rooted in Springfield and strive to give back through various outreach programs and partnerships. Whether it's sponsoring local events or supporting educational initiatives, we aim to make a positive impact beyond banking transactions. This commitment fosters a strong sense of community that resonates with every member who walks through our doors. As technology evolves, so do we. Our digital advancements ensure that you can manage your finances conveniently through online banking and mobile applications. With features like electronic signatures and person-to-person payments available, banking with us is easier than ever.

Join Us

We invite you to experience the benefits of membership at Southpoint Financial. Whether you're looking for a checking account that meets your needs or seeking guidance on loans for your next big purchase, we are here for you every step of the way. Come visit us at our Springfield branch or explore more about what we offer by visiting Southpoint Financial's website. Let's build a brighter financial future together!

Our Mission

At Southpoint Financial, our mission is simple yet profound: to provide exceptional financial services while supporting the growth and well-being of our community. We believe in putting people first offering a range of services including personal banking, auto loans, mortgage options, and business financing solutions. Our goal is to help you achieve your dreams and navigate life's financial challenges with confidence. While members can visit us at 975 Central St for all their banking needs, official correspondence should be sent to the same address as our mailing address: 975 Central St, Springfield, MN 56087-1133. We are committed to being accessible and approachable. Our operating hours reflect this dedication: Monday through Friday from 8:30 AM to 5:00 PM and Saturdays from 8:30 AM to 12:00 PM.

Branch Location & Accessibility

Welcome to Southpoint Financial, your friendly neighborhood credit union located at 975 Central St, Springfield, MN 56087. Nestled in the heart of Springfield, our branch is easily accessible for all your banking needs. You'll find us close to local favorites like the Springfield Community Park and just a short drive from the bustling downtown area. At Southpoint Financial, we prioritize convenience and accessibility. Our branch features ample parking, including ADA-compliant spaces and ramps to ensure everyone can easily access our services. Whether you're stopping by for a quick transaction or need assistance with your financial goals, our team is here to help. Our operating hours are designed with your busy schedule in mind. We welcome you Monday through Friday from 8:30 AM to 5:00 PM and on Saturday from 8:30 AM to 12:00 PM. If you prefer to handle your banking on-the-go, we also offer ATM services right at our location for quick cash withdrawals and balance checks. In addition to traditional banking services, Southpoint Financial provides a variety of options including auto loans, mortgage refinancing, and personal loans. Our drive-thru service makes it even more convenient to complete simple transactions without leaving your car. While members can visit us at 975 Central St for all their banking needs, please note that official correspondence should be sent to the same address as our mailing address: 975 Central St, Springfield, MN 56087-1133. We invite you to stop by or give us a call at 507-723-9000. Our friendly staff is eager to assist you with any questions or services you may need. Join us today and discover how Southpoint Financial can support your financial journey!

Member Eligibility

At Southpoint Financial, we believe that everyone deserves the chance to be part of a caring community focused on your financial well-being. Becoming a member is easy and welcoming! To join us at our Springfield branch located at 975 Central St Springfield Mn 56087, you typically need to live, work, worship, or attend school in the area, or be related to someone who does. This means if you have ties to our vibrant community, you're likely eligible! Plus, membership comes with fantastic benefits like personalized service and access to a variety of financial products designed just for you. Ready to take the next step? Opening an account is straightforward; simply visit our website for detailed information about eligibility and account opening at https://app.loanspq.com/xa/xpressapp.aspx?lenderref=spfcu032614&referralsource=spfcumemberships&l=1&noencrypt= . If you have any questions or need assistance, don't hesitate to reach out by calling us at (507) 723-9000. We're here to help you every step of the way!

Business Banking & Commercial Services

Business Loan Options

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.

Merchant Services

In addition to loans, our merchant services simplify transactions for you and your customers. Imagine processing payments quickly and securely while managing your cash flow more efficiently. Whether it's point-of-sale systems or online payment solutions, we provide the tools you need to keep your business running smoothly. Visit us at 975 Central St Springfield Mn 56087 in Springfield, MN, or give us a call at (507) 723-9000 to learn more about how we can support your business journey!

Comprehensive List Of Services

Business Banking Services

For our business members, we offer a variety of Business Banking services including merchant services and business loans. Your success is important to us, so we're here to support your ventures with the financial tools necessary for growth.

Digital Banking Convenience

In today's busy world, having access to banking at your fingertips is crucial. That's why we offer robust Online & Mobile Banking features that allow you to manage your accounts anytime, anywhere. You can easily check balances, transfer funds, and pay bills all from the comfort of your own home or on the go. If you're out and about and need cash quickly, our ATM & Cash Withdrawal Services are available for quick access to your funds. For those who prefer face-to-face interactions without stepping inside the branch, our Basic Drive-Thru Banking allows for easy deposits and withdrawals.

Get Started Today!

At Southpoint Financial, we're committed to being more than just a financial institution; we're a partner in your journey toward financial wellness. Explore all the services we offer by visiting us at Springfield or giving us a call at (507) 723-9000. We look forward to helping you achieve your financial goals!

Personal Banking Solutions

We understand that managing your finances can sometimes feel overwhelming. That's why we offer Personal Banking options, including checking and savings accounts that help you keep track of your money. Our Auto Loans & Vehicle Financing make purchasing a new car simple and stress-free. If you're considering buying a home or refinancing an existing mortgage, our Mortgage Loans provide flexible solutions tailored just for you. Sometimes life throws unexpected expenses your way, and that's where our Personal Loans & Debt Consolidation services come in handy. We strive to give you the financial freedom to tackle those challenges head-on. Plus, with our Credit Cards with Rewards, you can earn points on your everyday purchases, turning spending into savings.

Digital & Online Banking

Key Features

One of the standout features is our person-to-person transfer option, which allows you to send money to friends and family quickly and securely. If you've ever needed to split a bill or send a gift, this feature will make it a breeze. Additionally, we offer electronic signature authorization for hassle-free document signing no need for printing or faxing! If you're looking to go green, you'll love our e-statements. They provide all the information you need without the clutter of paper statements. And with mobile payments enabled, you can make purchases directly from your phone just tap and go!

Security You Can Trust

Security is a top priority at Southpoint Financial. Our online services use advanced encryption methods to keep your data safe. You can feel confident knowing that your financial information is protected while you enjoy the ease of banking online. In summary, Southpoint Financial offers a full suite of digital banking solutions designed for today's busy lifestyles. With features like 24/7 access, mobile payments, and secure electronic signatures, managing your finances has never been more straightforward. Visit us online at https://www.southpointfinancial.com/ and discover how easy banking can be!

Financial Strength

Growing Member Base

We currently manage a total of 68,191 share and deposit accounts, showcasing a strong and growing member base that trusts us with their finances. The funds available for lending and investments amount to $9,243,766, indicating robust support for your financial needs. 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 975 Central St Springfield Mn 56087 or call (507) 723-9000 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

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.

Reinvesting in Member 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 Options

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. This commitment to your savings is further underscored by our focus on prioritizing our members over non-member deposits. In fact, we have no non-member deposits at $0, ensuring that our resources are dedicated to benefiting you.

Strong Financial Health

With a net worth of $61,818,486, we maintain strong 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, with over $99,946,427 in used vehicle loans and $10,734,409 in new vehicle loans already helping members get on the road. Whether you're eyeing a brand-new model or a reliable used vehicle, we have financing options tailored just for you.

Business Financing

For business owners, our outstanding commercial loans totaling $43,527,537 provide the capital needed to grow and expand your operations. Whether you need funds for equipment purchases or working capital, we are here to support your entrepreneurial journey.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $33,429,264, make buying or refinancing simple. We provide competitive rates and flexible terms to help you secure your dream home without the stress.

Refinancing Options

If you're considering refinancing any existing loans, we invite you to explore our eligibility options. Refinancing can potentially lower your monthly payments and reduce your overall interest costs helping you save money in the long run. At Southpoint Financial, our commitment is to provide straightforward and accessible financial solutions. If you're interested in learning more about any of these loan products or want to discuss how they fit into your financial plan, don't hesitate to reach out at (507) 723-9000 or visit us at 975 Central St Springfield Mn 56087 in Springfield, 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. We look forward to helping you achieve your financial aspirations!

Unsecured Credit Card Loans

Managing everyday expenses can be challenging, which is why we also offer flexible terms on unsecured credit card loans. With a total of $5,086,964 in loans helping members manage their finances effectively, our credit cards come with rewards that can benefit you while keeping your spending in check.

Loan Aggregator

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SOUTHPOINT FINANCIAL CREDIT UNION