Credit Unions Near Me
National Credit Union Service Organization

NORTH SHORE FEDERAL CREDIT UNION

Dec, 31, 2020 — NORTH SHORE FEDERAL CREDIT UNION is a federal credit union headquartered in Silver Bay, MN with 7 branch locations and about $219.96 million in total assets. Opened 54 years ago in 1967, NORTH SHORE FEDERAL CREDIT UNION has about 11,280 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTH SHORE FEDERAL CREDIT UNION
Address:
(Main Office)
85 Outer Drive
Silver Bay, MN 55614
Phone:(218) 226-4401
Fax:(218) 226-3613
Website:http://www.northshorefcu.org
Branches:7 branch locations
Members:11,280
Credit Union Type:Federal Credit Union
Charter Number:18473
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1967
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$219,961,800
CEO/Manager:Cassie L Ernest
Chairperson:James L Lukken

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 67,654,322
TOTAL INVESTMENTS 7,869,260
Loans Held for Sale 0
 
 Real Estate Loans 85,881,428
 Unsecured Loans 2,012,705
 Other Loans 48,561,423
 TOTAL LOANS 136,455,556
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -244,027
 Land And Building 3,709,511
 Other Fixed Assets 1,215,708
 NCUSIF Deposit 1,653,151
 All Other Assets 1,648,319
  TOTAL ASSETS 219,961,800
LIABILITIES & CAPITAL:  
 Dividends Payable 149,968
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 883,972
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 43,192,432
 Regular shares 48,458,642
 All Other Shares & Deposits 98,053,258
  TOTAL SHARES & DEPOSITS 189,704,332
  TOTAL LIABILITIES 190,738,272
 Regular Reserve 1,434,663
 Other Reserves 556,968
 Undivided Earnings 27,231,897
  TOTAL EQUITY 29,223,528
  TOTAL LIABILITIES, SHARES, & EQUITY 219,961,800
INCOME & EXPENSE  
 Loan Income 6,425,290
 Investment Income 407,333
 Other Income 2,180,071
 Total Employee Compensation & Benefits 3,170,078
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,103,982
 Non-operating Income & (Expense) -114,115
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 210,000
 Cost of Funds 1,528,161
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 886,358
↑ Back to Top

Other Credit Unions

DULUTH FIRE DEPARTMENT CREDIT UNION
602 W 2ND ST
DULUTH, MN 55802
EMBARRASS VERMILLION FEDERAL CREDIT UNION
600 W 3rd Ave N
AURORA, MN 55705-1269
DULUTH POLICE DEPARTMENT EMPLOYEES CREDIT UNION
2030 N ARLINGTON AVE
DULUTH, MN 55811
VIRGINIA COOP CREDIT UNION
811 4th St N
VIRGINIA, MN 55792
TWO HARBORS FEDERAL CREDIT UNION
801 11TH ST
TWO HARBORS, MN 55616
NORTHRIDGE COMMUNITY CREDIT UNION
PO BOX 200
HOYT LAKES, MN 55750
ELY AREA CREDIT UNION
2 E CHAPMAN ST
ELY, MN 55731
SHARE ADVANTAGE CREDIT UNION
2502 Maple Grove Rd
DULUTH, MN 55811-1864
NORTHERN COMMUNITIES CREDIT UNION
3311 WEST ARROWHEAD ROAD
DULUTH, MN 55811
PROCTOR FEDERAL CREDIT UNION
410 N 2nd Ave
PROCTOR, MN 55810-2206