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Overview / Commentary
907-561-1407
400 W Benson Blvd
Anchorage, AK 99503-3829

Northern Skies Credit Union is headquartered in Anchorage and is the 8th largest credit union in the state of Alaska. It is also the 1,795th largest credit union in the nation. It was established in 1967 and as of March of 2014, it had grown to 30 employees and 6,545 members. Northern Skies Credit Union's CD rates are 11% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the Municipality of Anchorage. - See Details

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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Northern Skies Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Northern Skies Credit Union had $287,000 in non-current loans and owned real-estate with $7.72 million in equity and loan loss allowances on hand to cover it. This gives Northern Skies Credit Union a Texas Ratio of 3.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Northern Skies Credit Union experienced no significant changes from 4.02% as of March 31, 2013 to 3.72% as of March 31, 2014, resulting in a positive change of 7.51%.This indicates that the balance sheet and financial strength for Northern Skies Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Northern Skies Credit Union has increased its total deposits by $8.83 million, resulting in 14.55% 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 Northern Skies Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. Northern Skies Credit Union has $77.32 million in assets with $7.72 million in equity, resulting in a capitalization level of 9.99%, which is above average.

Institution Statistics

Overall
NCUA #18204
Year Chartered1967
Employees30
Primary Regulator
Assets and Liabilities
Assets$77.32 million
Loans$59.50 million
Deposits$69.54 million
Equity Capital$7.45 million
Loan Loss Allowance$272,000
Unbacked Noncurrent Loans$287,000
Real Estate Owned$0
Historic Data - March 2013
Assets$67.44 million
Equity Capital$6.43 million
Loan Loss Allowance$266,000
Unbacked Noncurrent Loans$287,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.44%
Return on Assets0.74%
Return on Equity7.73%
Interest Income$970,000
Rates
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Northern Skies Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.21%--Savings Account
0.21%--Special Purpose Savings
0.21%--Regular IRA Shares
0.21%--Roth IRA Shares
0.21%--Educational/Coverdell IRA Shares
0.21%--Business Savings Account
0.21%--Business Special Purpose Savings

Northern Skies Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$50k-Money Market Shares
0.40%$50k-Business Money Market Shares

Northern Skies Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.35%$100k-36-Month Share Certificate
1.25%$100k-24-Month Share Certificate
1.15%$100k-18-Month Share Certificate
1.00%$100k-12-Month Share Certificate
0.45%--180-Day Share Certificate
0.25%--90-Day Share Certificate

Northern Skies Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%--24-Month IRA Share Certificate
1.00%--12-Month IRA Share Certificate
Locations


Northern Skies Credit Union Locations
Branch Office1000 Omalley Rd Ste 109Anchorage, AK 99515-3083
Branch Office400 W Benson BlvdAnchorage, AK 99503-3829