North Shore Credit Union

North Shore Credit Union is headquartered in Silver Bay and is the 27^th largest credit union in the state of Minnesota. It is also the 1,240^th largest credit union in the nation. It was established in 1967 and as of December of 2011, it had grown to 26 employees and 8,131 members. North Shore Credit Union's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

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Data for Q4 2011

Institution Statistics NORTH SHORE NCUA # 18473 BankRate Report View Year Chartered 1967 Employees 26 Primary Regulator Assets and Liabilities Assets $121.41 million Loans $97.80 million Deposits $104.70 million Equity Capital $15.99 million Loan Loss Allowance $600,000 Unbacked Noncurrent Loans $107,000 Real Estate Owned $1.74 million Historic Data - December 2010 Assets $114.66 million Equity Capital $14.63 million Loan Loss Allowance $598,000 Unbacked Noncurrent Loans $462,000 Real Estate Owned $1.92 million Profit Margin - Quarterly Net Interest Margin 4.4% Return on Assets 1.27% Return on Equity 9.65% Interest Income $5.71 million Non-Interest Income $604,000

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 North Shore Credit Union had $1.84 million in non-current loans and owned real-estate with $16.59 million in equity and loan loss allowances on hand to cover it. This gives North Shore Credit Union a Texas Ratio of 11.12% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for North Shore Credit Union decreased slightly from 15.63% as of December 31, 2010 to 11.12% as of December 31, 2011, resulting in a positive change of 28.86%.This indicates that the balance sheet and financial strength for North Shore Credit Union has improved slightly in recent periods. Deposit Growth In the past year, North Shore Credit Union has increased its total deposits by $5.43 million, resulting in 5.47% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth North Shore Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. North Shore Credit Union has $121.41 million in assets with $16.59 million in equity, resulting in a capitalization level of 13.67%, which is excellent.

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