At South Metro Federal Credit Union, we provide solutions for your dreams. Whether you need cash for a home, a car, a boat, a vacation, or any other big purchase, South Metro offers competitive rates on the right loan to make your dreams a reality. We do Business Loans, too!
Best of all, we’ve got friendly staff in-office and lots of resources online to make the whole process easier. Please call or visit one of our locations, or just scroll down for more information.
*This loan application line is not for mortgage or Co-Op Share Housing Loans.
If our Mortgage Center online application will not work for you, our affiliate Servion also accepts online mortgage applications through MortgageBot.
Note: Applying for a mortgage is a major life decision. Our staff of home-buying experts are happy to help. Call us today at 952-445-0888.
- Automobile Loans
- Boat and RV Loans
- Home Equity Loans
- Motorcycle, ATV, Snowmobile Loans and more!
Seasons change. Lifestyles change. Experience both with a boat, camper or RV.
South Metro Federal Credit Union will lend up to 100% of the appraised value (new OR used!) and you can take up to 144 months to repay. Check our rates and apply today! Then the only thing left to do is…pack your sunscreen.
Unlock cash for home improvements, automobiles, college education, vacation home, debt consolidation, or just about anything! With a low-interest home equity loan from South Metro Federal Credit Union you can make your dreams a reality.
Call our office at (952) 445-0888 to inquire about South Metro’s HELOC and Fixed Rate Home Equity loans!
South Metro can help you find affordable housing rates to suit your needs. Whether you’re looking at a co-op loan, a first-time home loan, or considering your refinance options, we are here to help.
Applying for a mortgage is a major life decision. Our staff of home-buying experts are always happy to help. Call us today at 952-445-0888.
We bring competitive rates, fewer fees, and a more personal approach to lending. Get your next loan at South Metro.
With South Metro’s suite of vehicle loan insurance options through Allied Solutions®, your vehicle loan is safe in our hands!
Depreciation Protection Waiver (DPW)
Help protect the equity in your auto loan.
Gain peace of mind knowing the money invested in your vehicle could be protected in the event of total loss. If a covered vehicle is totaled or stolen and not recovered, this solution provides you with a benefit equal to the MSRP or retail value established at enrollment less the amount of the loan balance at time of total loss up to a $10,000 benefit.
Guaranteed Asset Protection (GAP)
Avoid potential loss on a loan should a vehicle be totaled or stolen.
GAP helps you avoid financial loss by waiving all or a portion of the deficiency between a borrower’s payoff amount on their auto loan and the determined actual cash value of a vehicle in the event that a vehicle is totaled or stolen, subject to a loan-to-value maximum.
Mechanical Repair Coverage
Gain valuable peace-of-mind and protection against costly vehicle repairs.
Don’t let unexpected car repair stress you out. Ask us about how we can protect you from the high costs of mechanical breakdown with our vehicle extended warranty from Route 66 Extended Warranty.
Debt protection offers a comprehensive way to protect your financial well-being.
This solution covers all or part of your debt in the occurrence of a protected event, such as death, disability or involuntary unemployment. Depending on the covered event, the debt is canceled as a lump sum or on a monthly payment basis.
Cars and Trucks **
as low as 3.19% APR*
Boats, Motorcycles, RVs, Motorhomes **
as low as 3.19% APR*
Other Collateral (Jet Ski, Fish House, ATV, Snowmobile, Dirt Bike, etc.)
as low as 6.35% APR*
as low as 3.75% APR*
Unsecured Line of Credit
as low as 9.25% APR*
Checking Line of Credit
as low as 3.00% over Certificate Rate +
as low as 9.35% APR*
* APR = Annual Percentage Rate. Rates may be higher based on credit score, loan term and Loan to Value (LTV). Add 1.00% APR to loan with collateral older than 2009 and for collateral with high mileage. Rates assume an automatic payment will be set-up. Add .25% APR to rates if a manual payment will be made. All loans subject to credit approval and additional terms and conditions may apply, see a credit union representative for more information.
** Must have a state issued title. Those without a title will be priced as Other Collateral.
+ See Deposit Rate Sheet for current Certificate of Deposit (CD) rates. CD term must match loan term. You may be charged a penalty for breaking terms or conditions of an existing CD.
Home Equity Loans
as low as 3.74% APR*
HE Line of Credit++ (no origination fee)
as low as Index – 0.50% APR*
* APR = Annual Percentage Rate. Rates may be higher depending on credit, term and Loan to Value (LTV). Home Equity Loans available in select states only. Consult a tax advisor about the tax deductibility of interest. Closing costs may vary dependent on the loan amount and specific loan terms. Rates assume an automatic payment will be set-up. Add .25% APR to rates if a manual payment will be made.
++ The Home Equity Line of Credit (HELOC) has a variable rate. The APR will vary based on an index. The current index is the Prime Rate as published by The Wall Street Journal. As of 10/31/2019 the Prime rate is 4.75%. The APR will not exceed 18%.
CO-OP Housing Loans
Member Business Loans
VISA® Credit Cards (variable rate)
Start Here Secured
* APR = Annual Percentage Rate. Rate offered will be based on your creditworthiness. The APR is subject to change monthly on the tenth day of each month to reflect any change in the Index; this will be determined by the Prime Rate as published in the “Money Rates” column of the Wall Street Journal, to which we will add a margin. If the 10th falls on a date the Wall Street Journal does not publish, the Prime Rate published on the last publishing day preceding the 10th will be used. The APR will never be greater than 18%. No annual fee. No balance transfer fee. For more details, see our VISA Agreement.
Routing #: 091981646 | NMLS ID # 1059389
WEBSITE ACCESSIBILITY NOTICE
We at South Metro Federal Credit Union are committed to the digital inclusion and providing a website that is accessible to the widest possible audience in accordance with certain standards and guidelines. We are striving consistently to conform to WCAG 2.0 Level AA of accessibility. If you run into any barriers, please reach out to us at 952-445-0888 or MemberServices@SouthMet.com.