Southpoint Financial Credit Union Sleepy Eye, Minnesota
Southpoint Financial Credit Union is a state-chartered credit union headquartered in Sleepy Eye, MN, established in 1871 (NCUA charter 68667), and it is regulated and insured by the NCUA. At Q2 2026 it reported 34,823 members and total assets of $608.9M (up 4.2% from Q2 2025), the 11th largest of 79 credit unions headquartered in Minnesota. Its net worth ratio was 11.17% at Q2 2026, in the well capitalized band.
Also written as Southpoint Financial CU
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 68667
- Headquarters
- Sleepy Eye, MN
- Established
- 1871
- Total assets, Q2 2026
- $608.9M
- Assets vs Q2 2025
- +4.2%
- Members, Q2 2026
- 34,823
- Net worth ratio, Q2 2026
- 11.17%
- Latest call report
- Q2 2026, NCUA 5300 · Southpoint Financial Credit Union call report
- Asset rank in state
- 11th of 79 in Minnesota
- Routing number
- 291976493
- Branches
- 9
It has 1,348 more members than on June 30, 2025 (+4.0%). Its net worth ratio was up 0.31 percentage points from 10.86% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $269.2M of $465.3M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.17% is below the 0.68% median of the 1,338 credit unions with $100M to $1B in assets for Q2 2026. Its 11.17% net worth ratio is below that band's 11.43% median.
Credit unions similar in size in Minnesota
Frequently asked about Southpoint Financial Credit Union
How big is Southpoint Financial Credit Union?
At Q2 2026 it reported total assets of $608.9M and 34,823 members.
Where is Southpoint Financial Credit Union headquartered?
It is headquartered in Sleepy Eye, MN, United States.
When was Southpoint Financial Credit Union founded?
It was established in 1871, per NCUA records.
Is Southpoint Financial Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 68667): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Southpoint Financial Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Southpoint Financial Credit Union well capitalized?
Its net worth ratio was 11.17% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Southpoint Financial Credit Union's delinquency ratio?
Its delinquency ratio was 0.17% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Southpoint Financial Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 86.80% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Sleepy Eye, MN 56085
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1871
- NCUA Charter #
- 68667
- RSSD ID
- 562496
- Members
- 34,823
- Potential members
- 1,758,041
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 1,341 credit unions with $100M to $1B in assets, as of Q2 2026. It is in the top quartile on 1 of 7 ranked measures and in the bottom quartile on 2.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 13.58% | 11.17% | 11.43% | 46th below |
| Return on assets Middle half of peers: 0.43% to 1.23% | 0.64% | 0.81% | 39th below |
| Return on equity Middle half of peers: 3.87% to 9.84% | 5.77% | 7.02% | 40th below |
| Net interest margin Middle half of peers: 3.30% to 4.10% | 3.05% | 3.70% | 15th bottom |
| Efficiency ratio Middle half of peers: 68.90% to 83.49% | 79.96% | 76.55% | 38th below |
| Cost of funds Middle half of peers: 0.92% to 1.56% | 1.79% | 1.24% | 15th bottom |
| Delinquency ratio Middle half of peers: 0.39% to 1.12% | 0.17% | 0.68% | over 90th top |
| Yield on assets Middle half of peers: 4.53% to 5.37% | 4.84% | 4.92% | 45th position only |
| Loan-to-share ratio Middle half of peers: 62.05% to 86.41% | 86.80% | 75.66% | 76th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$608.9M total assets against $584.5M; $536.1M total shares and deposits against $482.3M; $465.3M total loans against $439.9M.
$68.0M net worth against $63.5M.
11.17% net worth ratio against 10.86%.
86.80% loan-to-share ratio against 91.22%.
0.17% delinquency ratio against 0.09%.
0.64% return on assets against 0.53%; 5.77% return on equity against 4.90%.
3.05% net interest margin against 2.78%.
34,823 members against 33,475.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 11.17% | 0.64% | 0.17% | 86.80% |
| March 31, 2026 | 10.81% | 0.88% | 0.15% | 84.34% |
| December 31, 2025 | 10.77% | 0.58% | 0.45% | 87.73% |
| September 30, 2025 | 11.11% | 0.90% | 0.41% | 91.48% |
| June 30, 2025 | 10.86% | 0.53% | 0.09% | 91.22% |
| March 31, 2025 | 10.84% | 0.50% | 0.19% | 86.78% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.