North Shore Federal Credit Union


Overview / Commentary
218-226-4401
85 Outer Dr
Silver Bay, MN 55614

North Shore Federal Credit Union is headquartered in Silver Bay and is the 22nd largest credit union in the state of Minnesota. It is also the 1,065th largest credit union in the nation. It was established in 1967 and as of December of 2024, it had grown to 56 employees and 13,028 members at 7 locations. North Shore Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in North Shore Federal Credit Union is open to those who live, work, worship, attend school, or regularly conduct business in the Minnesota counties of Cook, Lake or St. Louis.
See current membership details

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Health
A+

Health Grade Components

Overall
NCUA #18473
Year Chartered1967
Employees56
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD4.96%
Annual Interest Income$13.5MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$276.8MM$266.4MM
LoansQ4 2024vs Q4 2023$190.4MM$193.5MM
DepositsQ4 2024vs Q4 2023$241.7MM$232.8MM
Equity CapitalQ4 2024vs Q4 2023$34MM$32.2MM
Loan Loss AllowanceQ4 2024vs Q4 2023$196K$240K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$191K$88K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

Rates for North Shore Federal Credit Union are currently being reviewed.

Locations


North Shore Federal Credit Union Locations
Branch Office85 Outer DrSilver Bay, MN 55614-1132
Branch Office122 E Highway 61Grand Marais, MN 55604
Branch Office5335 W Highway 61Lutsen, MN 55612-9542
Branch Office77 Mile Creek RdGrand Portage, MN 55605-3028
Branch Office404 7th AveTwo Harbors, MN 55616-1450
Branch Office2104 London RdDuluth, MN 55812
Branch Office1902 W Superior StDuluth, MN 55806-2141

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