Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
2777 Postal Way
Juneau, AK 99801

True North Credit Union is headquartered in Juneau and is the 6th largest credit union in the state of Alaska. It is also the 1,294th largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 55 employees and 10,888 members. True North Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee or retiree of the state of Alaska or be an employee of several other companies. Also open to those who live, work, worship or attend school in the Alaska Panhandle, the Northern rural Alaska or the Southeast rural Alaska. - See Details

No reviews have been left for this bank yet. Be the first to review.


Data for Q1 2014

Institution Health


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 True North Credit Union had $726,000 in non-current loans and owned real-estate with $9.82 million in equity and loan loss allowances on hand to cover it. This gives True North Credit Union a Texas Ratio of 7.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for True North Credit Union decreased dramatically from 13.47% as of March 31, 2013 to 7.40% as of March 31, 2014, resulting in a positive change of 45.09%.This indicates that the balance sheet and financial strength for True North Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, True North Credit Union has increased its total deposits by $3.24 million, resulting in 2.88% 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 True North Credit Union has shown is above 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. True North Credit Union has $126.77 million in assets with $9.82 million in equity, resulting in a capitalization level of 7.74%, which is below average.

Institution Statistics

NCUA #5892
Year Chartered1948
Primary Regulator
Assets and Liabilities
Assets$126.77 million
Loans$93.61 million
Deposits$115.83 million
Equity Capital$9.32 million
Loan Loss Allowance$499,000
Unbacked Noncurrent Loans$633,000
Real Estate Owned$93,000
Historic Data - March 2013
Assets$122.80 million
Equity Capital$9.02 million
Loan Loss Allowance$488,000
Unbacked Noncurrent Loans$633,000
Real Estate Owned$434,000
Profit Margin - Quarterly
Return on Assets0.19%
Return on Equity2.62%
Interest Income$1.29 million

Always verify rates and promotions with the bank or credit union. We are not True North Credit Union, we are a rate comparison website and can not provide official rates or promotions.

True North Credit Union Savings Account Rates

0.15%$100-Traditional IRA Share Account
0.15%$100-SEP IRA Share Account
0.15%$100-Roth IRA Share Account
0.15%$100-Education IRA Share Account
0.10%$50-Regular Share Account
0.10%$50-Business Share Savings Account

True North Credit Union Money Market Rates

0.30%$100k-Money Market Savings
0.30%$100k-Jumbo Money Market Savings
0.30%$100k-Business Money Market Savings

True North Credit Union Checking Account Rates

0.10%$2,500-Express Checking Plus Account
0.10%$2,500-Business Share Draft Account

True North Credit Union CD Rates

1.05%$500-36 Month CD
0.90%$500-30 Month CD
0.80%$500-24 Month CD
0.75%$50$3,30012 Month Youth CD
0.70%$500-24 Month Summit Dual Step CD
0.65%$500-18 Month CD
0.60%$500-18 Month Summit SingleStep CD
0.55%$50$3,3006 Month Youth CD
0.50%$500-12 Month CD
0.45%$500-12 Month Summit SingleStep CD
0.45%$50$3,3003 Month Youth CD
0.30%$500-6 Month CD
0.20%$500-3 Month CD
0.15%$2,500-30 Day Short & Sweet CD

True North Credit Union IRA Rates

1.10%$500-36 Month Traditional IRA
0.95%$500-30 Month Traditional IRA
0.85%$500-24 Month Traditional IRA
0.70%$500-18 Month Traditional IRA
0.55%$500-12 Month Traditional IRA
0.35%$500-6 Month Traditional IRA

True North Credit Union Locations
Branch Office2777 Postal WayJuneau, AK 99801
Branch Office240 Main StJuneau, AK 99801-2107
Branch Office341 W Tudor Rd Ste 100Anchorage, AK 99503-6639
Branch Office1211 Cushman StFairbanks, AK 99701-4680
Branch Office2777 Postal WayJuneau, AK 99801