What are the current interest rates at South Metro Federal Credit Union?

Current rates for South Metro Federal Credit Union include: 12-Month CD: 2.75%, 24-Month CD: 3.75%, Savings: 0.05%

☰

Home›
Credit Unions›
South Metro Federal Credit Union

iAdvertiser Disclosure

South Metro Federal Credit Union Rates & Review June 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, South Metro Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: June 16, 2026

South Metro Federal Credit Union's 13 Month Special (new money only) CDs rates are at 4.00%, 24 month CDs rates are at 3.75%, 7 Month Special CDs rates are at 3.50%, 48 month CDs rates are at 3.25%, 12 month CDs rates are at 2.75%. South Metro Federal Credit Union's savings rates are at 0.05%. South Metro Federal Credit Union's Personal Loan Rates are at 11.79%. MonitorBankRates evaluates the financial stability of South Metro Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.84%. Rates were last updated on 06/16/2026.

South Metro Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at South Metro Federal Credit Union? Share your experience about South Metro Federal Credit Union by leaving a review below, or read customer reviews before you decide to use South Metro Federal Credit Union.

Verified Strong Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

2.84%

Excellent Lower than avg

South Metro Federal Credit Union
MAIN BRANCH

2573 Credit Union Dr
PRIOR LAKE, MN 55372

https://www.southmet.com

South Metro Federal Credit Union CD Rates

Product	Rate	APY	Term
13 Month Special (new money only) Certificates	3.94%	4.00%	13 Month Special (new money only)
Min Deposit $1,000 Details Early withdrawal penalty of 180 days' dividends for terms of 13 to 24 months. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
24 month Certificates	3.70%	3.75%	24 Months
Min Deposit $1,000 Details Early withdrawal penalty of 180 days' dividends for terms of 13 to 24 months. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
7 Month Special Certificates	3.46%	3.50%	7 Month Special
Min Deposit $1,000 Details Early withdrawal penalty of 90 days' dividends for terms of 12 months or less. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
48 month Certificates	3.21%	3.25%	48 Months
Min Deposit $1,000 Details Early withdrawal penalty of 360 days' dividends for terms of 25 months or greater. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
12 month Certificates	2.72%	2.75%	12 Months
Min Deposit $1,000 Details Early withdrawal penalty of 90 days' dividends for terms of 12 months or less. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
6 month Certificates	2.48%	2.50%	6 Months
Min Deposit $1,000 Details Early withdrawal penalty of 90 days' dividends for terms of 12 months or less. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%

South Metro Federal Credit Union Savings Rates

Product	Rate	APY
ELITE WEALTH Money Market Savings	3.94%	4.00%
Min Deposit $2,500 Min Balance $500,000 Details Requires a minimum of $250,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	3.70%	3.75%
Min Deposit $2,500 Min Balance $500,000 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE WEALTH Money Market Savings	3.55%	3.60%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $250,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	3.46%	3.50%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE WEALTH Money Market Savings	3.21%	3.25%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $250,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	3.16%	3.20%
Min Deposit $2,500 Min Balance $100,000 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	3.06%	3.10%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE WEALTH Money Market Savings	2.72%	2.75%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $250,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	2.48%	2.50%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	1.89%	1.90%
Min Deposit $2,500 Min Balance $0 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	1.39%	1.40%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	1.39%	1.40%
Min Deposit $2,500 Min Balance $0 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	1.15%	1.15%
Min Deposit $2,500 Min Balance $0 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	0.05%	0.05%
Min Deposit $2,500 Min Balance $0 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%

South Metro Federal Credit Union Money Market Rates

Product	Rate	APY
ELITE WEALTH Money Market Savings	3.94%	4.00%
Min Deposit $2,500 Min Balance $500,000 Details Requires a minimum of $250,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	3.70%	3.75%
Min Deposit $2,500 Min Balance $500,000 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE WEALTH Money Market Savings	3.55%	3.60%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $250,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	3.46%	3.50%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE WEALTH Money Market Savings	3.21%	3.25%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $250,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	3.16%	3.20%
Min Deposit $2,500 Min Balance $100,000 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	3.06%	3.10%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE WEALTH Money Market Savings	2.72%	2.75%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $250,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	2.48%	2.50%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	1.89%	1.90%
Min Deposit $2,500 Min Balance $0 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
ELITE Money Market Savings	1.39%	1.40%
Min Deposit $2,500 Min Balance $0 Details Requires a minimum of $75,000 on deposit. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	1.39%	1.40%
Min Deposit $2,500 Min Balance $0 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	1.15%	1.15%
Min Deposit $2,500 Min Balance $0 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%
Money Market Savings	0.05%	0.05%
Min Deposit $2,500 Min Balance $0 Details Subject to a below balance minimum fee. Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%

South Metro Federal Credit Union Checking Rates

Product	Rate	APY	View More
Personal Checking - Classic and Masters (Includes IRA and HSA Accounts)	0.05%	0.05%
Min Deposit $100 Min Balance $100 Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%

South Metro Federal Credit Union Auto Loan Rates

Product	Rate	Points	APR	Term	View More
Auto Loan	-	-	4.74%
Details As Low As Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%

South Metro Federal Credit Union Credit Card Rates

Product	Rate	APR	View More
Credit Card	-	10.65%
Details As Low As Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%

South Metro Federal Credit Union Personal Loan Rates

Product	Rate	APR	View More
Personal Loan	-	11.79%
Details As Low As Last Updated 06/16/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.84%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for South Metro Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather South Metro Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with South Metro Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name South Metro Federal Credit Union

Website https://www.southmet.com

Address 2573 Credit Union Dr, PRIOR LAKE, MN 55372

Phone 952-445-0888

Fax 952-445-6487

President B Don Crofut

CEO Kent Engler

Full-Time Employees 38

Part-Time Employees 1

Branch Locations 6

ATM Locations 6

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

2.84%

Return on Assets (ROA)

-0.0080%

Return on Equity (ROE)

-0.0884%

Non-Performing Loans Ratio (NPL)

0.39%

Total Assets

170,334,144

Total Amount of Shares and Deposits

158,386,031

Total Shares and Deposits < 1 Year

153,742,943

Total Shares and Deposits 1 3 Years

4,061,683

Total Shares and Deposits > 3 Years

581,405

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

57,535,631

Total Uninsured Shares and Deposits > $250K (F+J)

57,535,631

Total Insured Shares and Deposits > $250K (item 17 less item K)

100,850,400

Total Interest Expense (Sum of items 6 8)

1,390,946

Share Certificates

618

Number of Accounts for Share Drafts

3,821

IRA KEOGH Accounts

Number of Accounts for Regular Shares

5,656

Non Member Deposits

Money Market Shares

124

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

14,144,397

Total Liabilities

158,955,139

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

South Metro Federal Credit Union earned the Verified Strong badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates — no need to download or upload anything.

<a href="https://monitorbankrates.com/credit-unions/south-metro-federal-credit-union-rates-review-24482">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-b-2026.svg"
       alt="MonitorBankRates Verified Strong Badge 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

There are no reviews for South Metro Federal Credit Union yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for South Metro Federal Credit Union

Frequently Asked Questions About South Metro Federal Credit Union

How many branches does South Metro Federal Credit Union operate?

South Metro Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join South Metro Federal Credit Union?

Yes, to access services at South Metro Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, South Metro Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, South Metro Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does South Metro Federal Credit Union offer online and mobile banking?

Most modern institutions like South Metro Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.southmet.com.