Sharepoint Credit Union will be my focus here. We’ll be going over a little history on them, how you can become a member, and look into various offerings at this Minnesota CU.
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Routing #: 291074984*
A Little History
Sharepoint got their start in about the same way most CU’s around MN did. A group of employees in the early 1930’s wanted to put their money together and start a solid financial institution. In this case, they were grocery store employees.
These days, they are the 13th largest credit union in the metro area. According to their site, their capital ratio is 12.25%, that’s 5.25% more than the minimum of 7% required by the NCUA.
Sharepoint Credit Union Membership Requirements
In order to become a member, you need to either live, work, worship, attend school, or do business in some specific counties of Minnesota. Those are Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington, or Wright County.
Having someone in your immediate family who is a current member can also get you in. Something unique to Sharepoint Credit that I haven’t seen before is that if you belong to any of their partner organizations, you qualify for membership. There’s way too many to list, so, you can check all those out on their website here.
Their Personal Offerings
You will find a lot of the standard financial institution offerings at Sharepoint Credit Union and then some. They have a really nice menu compared with some other CU’s that I’ve looked at.
In the realm of personal products, they have “manage money,” “Grow Money,” and “Borrow Money” listed and sub-items after that. For Manage Money, it’s debit cards, direct deposit options, payroll deduction, internet banking, eStatements, and mobile banking.
There’s also person to person payments, remote deposit capture, and BillPay in there. After that, their Grow Money consists of – you guessed it, products that can grow your money.
Those are things like their Share Savings Accounts, Money Market Accounts, Secondary Savings Accounts, Share Certificates, and IRAs. In addition to those, you can also find Coverdell Education IRAs, Investment Services Checking Accounts, and eSavings.
Lastly, there’s their products for borrowing money. There’s a home mortgage product, something called “Freedom Mortgage,” home equity loans, auto loans, recreational loans, a reserve line of credit, savings secured loans, personal unsecured loans, and VISA credit cards. Their rewards program is also mentioned right after the credit cards at Sharepoint credit union.
They do have a slightly smaller selection of products in the business arena than personal. If you run a small business, you can get checking accounts, a reserve line of credit, business loans, merchant card services, remote deposit capture, and business credit card. They wouldn’t be the best fit if your business is really big, however.
Sharepoint Credit Union: Final Thoughts
Depending on where you live or work, Sharepoint could be a great option for you if you’d like to join a credit union. They have competitive products that are in line with other CU’s around Minnesota. You can manage all your money there with their personal offerings and even your small business accounts. Borrowing for things like homes and planning for the future with their various savings products are also a great option with them. Check out Sharepoint Credit Union today!
*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.
*This site is not affiliated with the Credit Union mentioned in this article.