South Metro Credit Union

About South Metro Credit Union

South Metro Credit Union Location

15045 Mystic Lake Drive
Prior Lake, MN 55372

Phone: (952) 445-0888
Website: www.southmet.com
Routing/Transit Number: Not Available

South Metro Credit Union Information

South Metro Credit Union of Prior Lake, MN is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 2603 members and assets of $54,269,075, as compared to the national average of $93 million dollars of assets per credit union. South Metro Credit Union, first opened in 1993 and has been in operation since then. Additionally, South Metro Credit Union has 14 full time employees and 0 part time employees, or 185.928571429 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that South Metro Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. South Metro Credit Union is a not-for-profit, cooperative, tax-exempt organization.