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Overview / Commentary
901 Springhill Ave
Mobile, AL 36604

Shoreline CU (AL) is headquartered in Mobile and is the 83rd largest credit union in the state of Alabama. It is also the 4,653rd largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 6 employees and 2,832 members. Shoreline CU (AL)'s savings rates are 4X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must be an employee of the Alabama State Docks Department or be an employee of the State of Alabama who live or work in Mobile or Baldwin County. Also open to those who live or work in Mobile, Baldwin or Escambia County. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Shoreline CU (AL) has a very low asset base.

Texas Ratio


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 Shoreline CU (AL) had $239,000 in non-current loans and owned real-estate with $1.17 million in equity and loan loss allowances on hand to cover it. This gives Shoreline CU (AL) a Texas Ratio of 20.43% 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 Shoreline CU (AL) decreased dramatically from 29.73% as of March 31, 2013 to 20.43% as of March 31, 2014, resulting in a positive change of 31.30%.This indicates that the balance sheet and financial strength for Shoreline CU (AL) has improved dramatically in recent periods.

Deposit Growth


In the past year, Shoreline CU (AL) has decreased its total deposits by $-299,000, resulting in -3.63% 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 Shoreline CU (AL) has shown is below average.



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. Shoreline CU (AL) has $8.72 million in assets with $1.17 million in equity, resulting in a capitalization level of 13.41%, which is excellent.

Institution Statistics

NCUA #64725
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$8.72 million
Loans$4.40 million
Deposits$7.95 million
Equity Capital$725,000
Loan Loss Allowance$445,000
Unbacked Noncurrent Loans$239,000
Real Estate Owned$0
Historic Data - March 2013
Assets$9.67 million
Equity Capital$1.41 million
Loan Loss Allowance$206,000
Unbacked Noncurrent Loans$239,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.68%
Return on Assets-13.16%
Return on Equity-158.34%
Interest Income$127,000
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Shoreline CU (AL) Savings Account Rates

1.86%--IRA Savings Account
0.28%--Share Account

Shoreline CU (AL) CD Rates

1.76%--4 Year Share Certificate
1.46%--3 Year Share Certificate
1.26%--2 Year Share Certificate
1.05%--1 Year Share Certificate
0.50%--6 Month Share Certificate

Shoreline CU (AL) IRA Rates

1.76%--4 Year IRA Certificate
1.46%--3 Year IRA Certificate
1.26%--2 Year IRA Certificate
1.05%--1 Year IRA Certificate
0.50%--6 Month IRA Certificate

Shoreline CU (AL) Locations
Branch Office901 Spring Hill AveMobile, AL 36604-2711