Overview / Commentary
True North Federal Credit Union is headquartered in Juneau and is the 4th largest credit union in the state of Alaska. It is also the 1,193rd largest credit union in the nation. It was established in 1948 and as of December of 2023, it had grown to 61 employees and 12,893 members at 4 locations. True North Federal 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 current membership details
Health
B+
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5892 |
| Year Chartered | 1948 |
| Employees | 61 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 7.35% |
| Annual Interest Income | $10.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $220.6MM$211.4MM |
| Loans | Q4 2023vs Q4 2022 | $163.9MM$133MM |
| Deposits | Q4 2023vs Q4 2022 | $186.3MM$191MM |
| Equity Capital | Q4 2023vs Q4 2022 | $19.3MM$18.1MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $1.8MM$1MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $1MM$688K |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |