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Overview / Commentary
251-441-7400
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 4,622nd largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 6 employees and 2,922 members. Shoreline CU (AL)'s savings rates are 4X the national average, but 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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Health

Data for Q4 2013

Institution Health

C
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

GRADE:
C

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, 2013 Shoreline CU (AL) had $457,000 in non-current loans and owned real-estate with $1.36 million in equity and loan loss allowances on hand to cover it. This gives Shoreline CU (AL) a Texas Ratio of 33.65% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Shoreline CU (AL) decreased slightly from 46.45% as of December 31, 2012 to 33.65% as of December 31, 2013, resulting in a positive change of 27.55%.This indicates that the balance sheet and financial strength for Shoreline CU (AL) has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Shoreline CU (AL) has decreased its total deposits by $-433,000, resulting in -5.29% 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.

Capitalization

GRADE:
A+

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 $8.8 million in assets with $1.36 million in equity, resulting in a capitalization level of 15.43%, which is excellent.

Institution Statistics

Overall
NCUA #64725
Year Chartered1951
Employees6
Primary Regulator
Assets and Liabilities
Assets$8.80 million
Loans$4.80 million
Deposits$7.75 million
Equity Capital$1.01 million
Loan Loss Allowance$344,000
Unbacked Noncurrent Loans$457,000
Real Estate Owned$0
Historic Data - December 2012
Assets$9.52 million
Equity Capital$1.34 million
Loan Loss Allowance$200,000
Unbacked Noncurrent Loans$457,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin11.26%
Return on Assets-3.49%
Return on Equity-30.28%
Interest Income$582,000
Rates
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Shoreline CU (AL) Savings Account Rates

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

Shoreline CU (AL) CD Rates

DetailsAPYMINMAXPRODUCT
1.76%--48 Month Share Certificate
1.46%--36 Month Share Certificate
1.26%--24 Month Share Certificate
1.05%--12 Month Share Certificate
0.50%--6 Month Share Certificate

Shoreline CU (AL) IRA Rates

DetailsAPYMINMAXPRODUCT
1.76%--48 Month IRA Certificate
1.46%--36 Month IRA Certificate
1.26%--24 Month IRA Certificate
1.05%--12 Month IRA Certificate
0.50%--6 Month IRA Certificate
Locations


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