Credit Union Membership

South Metro Federal Credit Union is a community credit union. Eligible members include anyone who lives, worships, works or attends school in Scott County, Minnesota.

If you are related to a current Member by blood, adoption or marriage, you are eligible to join SMFCU, regardless of where you live.

"Once a Member, Always a Member"
If a person leaves the field of membership, that member and all those that joined because of his or her membership may continue to belong to the Credit Union. When members die, their spouse, the blood and adoptive relatives of either of them and their spouses may join SMFCU. 

If you meet one of these requirements, simply complete a membership application and make an initial deposit of $5 (or no deposit if the application form is accompanied by a signed payroll deduction authorization).

A minimum deposit of $100 is required to open a checking with interest account, and a photo copy of your drivers license or picture ID (signed) is required.

1. Print and fill out our Membership Application (17K, PDF).
2. Bring the completed information to South Metro Federal Credit Union to join now. If you prefer, mail this form to our office along with an initial deposit.
3. Your membership card and deposit receipt will be mailed to you, along with additional credit union information.

*PDF documents require Adobe Acrobat to be downloaded. If you do not have Adobe Acrobat, you can download it free of charge from the Adobe Web site. Simply click on the Adobe Acrobat link at right.

Businesses Welcome!

If you're a business or other entity (scouting organization, hockey club, etc.) located in the four-county area we serve, you can set up an account with us, too!

Attention Employers...

Attracting and retaining good employees is a challenge. South Metro Federal Credit Union can help you meet that challenge. Through the convenience of payroll deduction, you can assist your employees in reaching their financial goals.

We invite you to join some of the largest companies in America, along with Federal, State, County and Municipal governments in offering your employees access to a credit union.

Over 78,000,000 Americans take advantage of the benefits offered by their credit unions. Let South Metro Federal Credit Union help you  meet your employees' financial needs.

Did You Know?

Your money is SAFE with our deposit insurance at no cost to you, the depositor. Your deposits are insured up to $250,000 through the National Credit Union Administration (NCUA), an agency of the U.S. government, and Excess Share Insurance (ESI). 

Why Join?

All earnings are retained in the credit union. That allows us to 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.

 SMFCU members enjoy several other benefits of membership, including discount tickets to popular events. Find out more >>

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.

We're Owned by Our Members!

As a member, you are a part-owner in the Credit Union and annually elect its Board of Directors. Click here to see a list of our volunteer member/directors. 

You elect the volunteer Board of Directors; you are eligible to serve on key committees; and you have a direct voice - a vote - in how the organization is run.