SouthPoint Expands Its Commitment to St. Peter

(Sleepy Eye, MN – January 6, 2026) – SouthPoint Financial Credit Union announced today the acquisition of the former Taco John’s property at 103 N Minnesota Avenue, marking a new chapter in its commitment to the St. Peter community. Construction of a modern facility will begin in late spring 2026, designed to deliver exceptional access, convenience, and financial wellness for members and local businesses.

A Decade of Partnership, A Future of Innovation

Since opening its St. Peter branch in October 2015, SouthPoint has partnered with local families, students, and entrepreneurs to build a stronger, more resilient community. This new investment reflects SouthPoint’s unwavering belief in St. Peter’s future and our vision: Empowering People to Enhance Lives.

“Our cooperative exists to empower people to enhance lives, and that starts with being present in the places our members live and work,” said Jay Gostonczik, CEO of SouthPoint Financial Credit Union. “This investment in St. Peter reflects our long‑standing commitment to the City of St. Peter and our confidence in the community’s future.”

Deepening Roots in St. Peter

SouthPoint’s legacy in St. Peter includes active chamber participation, local events, and member education. The new facility will serve as a hub for financial empowerment, community partnerships, small‑business growth, expanding resources for families, students, and entrepreneurs across Nicollet County.

“St. Peter is a vibrant, cooperative‑minded community,” added Jay Gostonczik. “We’re honored to deepen our roots here and look forward to helping more neighbors achieve their goals.”

SouthPoint Financial Credit Union is a not-for-profit financial cooperative that distributes profits among members in the form of lower loan rates, fewer and lower fees and higher savings rates. Membership is open to all residents and businesses in a 30-county area of southern Minnesota. For additional information visit southpointfinancial.com, southpointhomemortgage, or call 877-794-6712.

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