North Shore Federal Credit Union

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A short history of North Shore FCU

Since its inception in 1967 the North Shore Federal Credit Union has been serving its members in the SILVER BAY, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Mark Summers, the North Shore FCU has grown its membership to over 9,383 with assets of more than $157,292,899. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (218) 226-4401 or email them at CUContact@northshorefcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SILVER BAY, MN.

General Information For North Shore FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 18473
Address 85 OUTER DRIVE 
City SILVER BAY 
State Minnesota 
Zip-Code 55614
Phone Number (218) 226-4401
Fax Number (218) 226-3613
Email Address: CUContact@northshorefcu.org
CEO/President Mark Summers
Members 9,383 
Full-Time Employees 31 
Part-Time Employees 13 
Number of Branch Offices
Total Assets 157,292,899 
Website http://www.northshorefcu.org 

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North Shore Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


North Shore Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.99 2.49 2.49 3.49 3.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 253 83 51 70 99
Rank Among All Minnesota Credit Unions 23 12 6 8 13

North Shore Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.15 0.35 0.75 0.35
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 119 89 215 250
Rank Among All Minnesota Credit Unions 8 13 11 22 29
North Shore Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9901,2791,266,216
All Other Unsecured Loans/Lines of Credit 9.990964940,071
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.4901603,205,609
Used Vehicle Loans 2.4906767,764,627
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.49085595,428,328
Total Other Real Estate Loans/Lines of Credit 3.9903147,672,736
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 9.9903428,499,223
TOTAL LOANS & LEASES 4,590124,776,810

North Shore Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 16020,208,7512509,500
    b. 15 Years or less 19414,180,30314794,233
Balloon/Hybrid
    a. > 15 years 192,776,077179,000
    b. 15 Years or less 346,922,4595507,885
Other Fixed Rate 008325,750
Adjustable Rate 1 yr or less 269,60800
Adjustable Rate > 1 yr 44651,271,130535,185,512

OTHER REAL ESTATE

Closed-End Fixed Rate 882,665,6108325,750
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2094,374,60273740,851
Open-End Fixed Rate 17632,5249721,265
TOTALS 1,169103,101,0641739,189,746

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 6871,082277,147
Interest Only & Payment Option Other RE/LOC Loans 17632,5240
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

North Shore Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes