Southpoint Financial
Southpoint Financial is a credit union based in Sleepy Eye, Minnesota, established in 1936, with $620 million in total assets serving 34,392 members. By Trust Grade it ranks 40th of 81 credit unions we track in Minnesota. Its net worth ratio of 10.8% trails most similarly sized credit unions (43th percentile), versus a Minnesota median of 12.2%. It was profitable over the most recent period, with a 0.88% return on assets. No consumer complaints against Southpoint Financial appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Southpoint Financial compares to Minnesota peers
How we graded Southpoint Financial
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (10.8% capital ratio)
- Profitable (ROA 0.88%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Southpoint Financial over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Southpoint Financial insured?
Yes. Southpoint Financial is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Southpoint Financial: frequently asked questions
Is Southpoint Financial a good credit union?
Southpoint Financial earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Well-capitalized (10.8% capital ratio); Profitable (ROA 0.88%).
Is Southpoint Financial NCUA-insured?
Yes. Southpoint Financial is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Southpoint Financial?
Southpoint Financial holds $620 million in total assets, ranking 40th of 81 credit unions we track in Minnesota. It serves 34,392 members.
Does Southpoint Financial have CFPB complaints?
No CFPB complaints against Southpoint Financial appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
