Business Details
50+ Years
experience
Your Trusted Minnesota Credit Union for Savings, Loans & More
SouthPoint Financial Credit Union is a not-for-profit, member-owned financial institution dedicated to serving the financial needs of its members since 1936. We prioritize exceptional service, offering a wide range of products including checking and savings accounts, loans, mortgages, and insurance services tailored for individuals and small businesses. Our community-focused approach ensures that members receive competitive rates, lower fees, and personalized guidance to achieve their financial goals.Governed democratically by a volunteer board, we return surplus income to members through improved services and better rates. With a commitment to financial education and local philanthropy through the SouthPoint Foundation, we empower members to enhance their lives while fostering economic growth in Southern Minnesota and beyond.
Services
Checking Accounts
Savings Accounts
Auto Loans
Mortgage Loans
Insurance Services
Student Loans
Certificates
Home Equity Loans
Digital Banking
Financial Education
Details
- Year established: 1936
Highlights and features
- We offer over 80 years of localized financial expertise in Southern Minnesota.
- Our member-owned model prioritizes your financial success over profits.
- Competitive APY rates on savings and certificates unmatched by traditional banks.
- 24/7 digital banking with advanced security and user-friendly tools.
- Community reinvestment through the SouthPoint Foundation's charitable programs.
What people say
Friendly staff
Efficient service
Superior knowledge
Easy application process
Competitive rates
Services
Checking Accounts
SouthPoint offers multiple checking account options including Shining Star Checking with tiered interest rates up to 2.529% APY. Accounts feature no monthly fees, free checks, and overdraft protection. Designed for everyday financial management with 24/7 digital access.
Auto Loans
Competitive auto loan rates starting at 4.74% APR for new and used vehicles. Flexible terms available for cars, boats, motorcycles, and RVs with options for direct or dealer financing through partner institutions.
Mortgage Loans
SouthPoint Home Mortgage provides purchase, refinance, and home equity loans with personalized guidance. Streamlined application processes and local expertise serve first-time buyers and seasoned homeowners across Minnesota.
Savings Accounts
High-yield savings options include Premium Savings (up to 2.760% APY) and EzMoney Savings (4.074% APY for youth). Certificates with terms from 3 months to 5 years offer guaranteed returns for short- and long-term goals.
Digital Banking
24/7 access to account management, bill pay, mobile check deposit, and loan payments through apps and online platforms. Features include Zelle transfers, card controls, and real-time fraud alerts for secure, convenient banking.
People
Jay Gostonczik
President/CEO
Jay Gostonczik leads SouthPoint with a focus on member-centric innovation and community development. He brings decades of financial leadership experience to drive strategic growth and service excellence.
Troy Diedrich
Executive Vice President
Troy Diedrich oversees daily operations and member services, ensuring SouthPoint maintains its commitment to personalized financial solutions and operational efficiency across Southern Minnesota.
Patti Gohl
Chief Operations Officer
Patti Gohl manages core operations and technology infrastructure, focusing on enhancing digital banking capabilities and maintaining regulatory compliance for secure, reliable member experiences.
Al Peterson
Chief Financial Officer
Al Peterson directs financial strategy and risk management, ensuring SouthPoint's fiscal health while delivering competitive rates and sustainable growth for member benefit.
Bob Schmid
Chief Lending Officer
Bob Schmid leads lending initiatives, developing accessible loan programs for individuals and businesses while maintaining responsible credit standards and community reinvestment goals.
Questions
What types of accounts does SouthPoint offer?
We provide checking, savings, certificates, IRAs, and specialized accounts like EzMoney Savings for youth, along with business banking solutions.
Can non-members apply for loans?
While membership is required for most services, non-members can explore loan options through our partnership with Sparrow for student loans.
How do I access 24/7 banking services?
Use our mobile app or online banking platform for account management, bill payments, transfers, and loan applications at any time.
What mortgage options are available?
SouthPoint offers purchase loans, refinancing, and home equity products with competitive rates and personalized support from local experts.
Does SouthPoint support financial education?
Yes, we provide free educational resources, budgeting tools, and community workshops to help members make informed financial decisions.
How are rates determined for savings accounts?
Rates vary by account type and balance tiers, with premium options like our Premium Savings account offering higher APYs for larger balances.