Sep, 30, 2025 — TRUE NORTH FEDERAL CREDIT UNION is a federal credit union headquartered in JUNEAU, AK with 3 branch locations and about $236.79 million in total assets. Opened 78 years ago in 1948, TRUE NORTH FEDERAL CREDIT UNION has about 13,200 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUE NORTH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2777 Postal Way JUNEAU, AK 99801 |
| Phone: | (907) 523-4778 |
| Fax: | (907) 586-8078 |
| Website: | https://www.truenorthfcu.org |
| Branches: | 3 branch locations |
| Members: | 13,200 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5892 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $236,789,061 |
| CEO/Manager: | Lauren MacVay |
| Chairperson: | Christine Moleski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,082,962 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,362,580 |
| Real Estate Loans | 58,232,941 |
| Unsecured Loans | 10,112,164 |
| Other Loans | 106,966,534 |
| TOTAL LOANS | 175,311,639 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,112,277 |
| Land And Building | 2,511,179 |
| Other Fixed Assets | 944,214 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,864,093 |
| All Other Assets | 64,652 |
| TOTAL ASSETS | 236,789,061 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,148,307 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,280,484 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 57,338,890 |
| Regular shares | 61,609,568 |
| All Other Shares & Deposits | 90,898,855 |
| TOTAL SHARES & DEPOSITS | 209,847,313 |
| TOTAL LIABILITIES | 214,276,104 |
| Regular Reserve | 0 |
| Other Reserves | -600,714 |
| Undivided Earnings | 23,113,671 |
| TOTAL EQUITY | 22,512,957 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 236,789,061 |
| INCOME & EXPENSE | |
| Loan Income | 8,442,412 |
| Investment Income | 1,650,733 |
| Other Income | 1,319,342 |
| Total Employee Compensation & Benefits | 4,820,489 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,089,592 |
| Non-operating Income & (Expense) | 203,158 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,245,000 |
| Cost of Funds | 2,128,442 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,058,724 |
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