Applications / Mortgage Analytics / Lenders / Minnesota / SouthPoint Financial Credit Union
Sleepy Eye, MN · Credit union · NCUA · $610 million assets · 311 loans in 2025
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311
loans originated, 2025
418
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
SouthPoint Financial Credit Union lends far more to low- and moderate-income borrowers than almost any similar credit union, and its biggest market is rural Minnesota.
Low- and moderate-income borrowers took 46.2% of its loans in 2025, against 27.2% for similar lenders, credit unions making between half and twice as many loans. That is higher than at more than nine in ten of them, and up from 34.8% five years before.
Its largest market is non-metro Minnesota, where it ranks 46 of 536 lenders. Only 9.3% of its loans went to low- and moderate-income neighborhoods and 2.9% to majority-minority ones, both lower than at most peers. A rural footprint may account for much of this, if such neighborhoods are scarce where it lends.
It ranks 20 of 180 lenders in Mankato, where its share of dollars lent fell to 1.4% from 1.7%. Its Minneapolis share rose to 0.1%. A possible reason for the Mankato slip is that more of its lending went elsewhere: it entered Rapid City and Cedar Rapids in 2025.
It made 311 loans in 2025, up 13%, against 6% for similar lenders. It made 872 in 2021 and fell to 231 in 2023. Its typical loan, $165,000, is larger than the $105,000 of peers. Of its purchase applications, 4.8% were denied, against 7.3% for peers.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. SouthPoint Financial Credit Union took 418 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 61.4% · Refinance 29.6% · Home improvement 5.8% · Other 3.2%
Conventional 100.0% · of 311 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Minnesota | 302 | 97.1% |
| Iowa | 3 | 1.0% |
| South Dakota | 3 | 1.0% |
| Wisconsin | 2 | 0.6% |
| Indiana | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 60 |
| Mankato | 38 |
| St. Cloud | 3 |
| Rapid City | 2 |
| Sioux Falls | 2 |
| Cedar Rapids | 1 |
| Des Moines-West Des Moines | 1 |
| Racine-Mount Pleasant | 1 |
| Rochester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300VPYRW4D9VH0G53 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 562496 | 2016–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568667 | 2016–2017 |
Established 1 January 1936. Reported under HMDA 2016-2025.
Mergers, name changes, data editions and corrections: SouthPoint Financial Credit Union's data.
SouthPoint Financial Credit Union's data
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SouthPoint Financial Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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