About South Metro

South Metro Federal Credit Union was established in 1993, as a member-owned, not-for-profit financial cooperative for everyone living or working in Scott County, Minnesota. In addition to serving Scott County residents, we also serve select consumer food cooperatives, housing cooperatives and their members in the upper Midwest. We are eager for the opportunity to serve you.

About South Metro

Our History

South Metro Federal Credit Union was established in 1993, as a member-owned, not-for-profit financial cooperative for everyone living or working in Scott County, Minnesota. In addition to serving Scott County residents, we also serve select consumer food cooperatives, housing cooperatives and their members in the upper Midwest.

South Metro Federal Credit Union was chartered in 1993 by the National Credit Union Association. As a credit union with a  community charter, our field of membership comprises Scott County, Minnesota. Our  sponsor, the Shakopee Mdewakanton Sioux (Dakota) Community was instrumental in the initial support in establishing the institution.

   

Your Deposits are Safe with Us!

Your deposits are insured up to $400,000. The first $250,000.00 is insured the National Credit Union Administration (NCUA), an agency of the U.S. government. The remainder of the coverage is provided Excess Share Insurance. You can learn more about Excess Share Insurance by visiting their website at www.excessshare.com.

A credit union is a non-profit, member-owned financial institution governed by its members. Since there are no outside stockholders, all earnings are retained in the credit union. For this reason, credit unions generally pay higher returns on savings and charge lower interest rates on loans than other financial institutions. Once operating expense and reserve requirements are satisfied, the income generated by loans and investments is returned to the members in the form of dividends and expanded low-cost services.

As a credit union member, you are not a “customer” but part-owner of a financial cooperative in which all the members pool their resources to help one another. Credit unions are dedicated to the principle of “People helping people,” and have a not-for-profit tax status similar to churches, charities and other groups that work to better the lives of those involved.

South Metro Federal Credit Union is directed by a volunteer board, elected by the membership, which is entrusted to keep the members’ best interests in mind, every day, all year long. Your account will never be sold to an out-of-state bank. You will always have a voice regarding the direction of your financial institution.

Credit unions also have a special commitment to reach out to persons who might otherwise be unable to obtain affordable financial services elsewhere. For more information about credit unions, visit MyCreditUnion.gov.

Our Mission

Our Mission

South Metro Federal Credit Union is a member-owned financial cooperative which provides financial products, services and education enabling Members to achieve personal and financial goals and improve their quality of life.

SouthMet Testimonials

Everyone is friendly and patient with my questions. I know more about my money now. - Karen

Our Staff

Member Services
Phone: 952-445-0888
Email: CustomerService@SouthMet.com

Consumer, Mortgage & Share Housing Loans
Phone: 952-445-0888
Email: ConLoans@SouthMet.com

Business Lending
Phone: 952-445-0888
Email: MBL@SouthMet.com

Wealth Management
Phone: 952-445-0888
Kristin Chim – Financial Advisor, x719

President
Don Crofut – 952-445-0888 x716

Important Phone Numbers

Main Line: 952-445-0888

Fax: 952-445-6487

Telephone Banking: 800-459-8139

Lost/Stolen VISA Credit Card: 800-991-4961

Lost/Stolen Debit Card: 952-445-0888

Member Feedback/Concerns: 952-358-9716

South Metro loans

Whether you need a car, a mortgage, or another loan option, South Metro is the place to start.

Our Core Values

South Metro Federal Credit Union has adopted a set of “Core Values” those guiding precepts that we believe will never change regardless of how the business environment evolves. They are:

  • Provide a “safe haven” for our members’ funds such that their money will never be subject to extraordinary risk.
  • Assure non-discriminatory treatment of all classes of members.
  • Value individual employee productivity, creativity and innovation.
  • Assure integrity in the handling of all business transactions.
  • Recognize “respect” as a valued commodity to be given to our members and earned from the community.
  • Make every reasonable effort to serve member needs.

Our Mission

South Metro Federal Credit Union is a member-owned financial cooperative which provides financial products, services and education enabling Members to achieve personal and financial goals and improve their quality of life.

SouthMet Testimonials

By switching to South Metro Credit Union, we were able to save $43,000 per year by customizing their services to fit our needs. - Scott

Get there. Start here.

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Need Help?

Call 952-445-0888 to contact us. We're eager to help!