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North Shore Credit Union Share
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Overview Share
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North Shore Credit Union is a federal credit union based in Silver Bay, Minnesota. It has been opened since 1967, for 55 years.

With around $168,660,000 in assets, North Shore Credit Union is considered to be a large credit union. It has 6 branches and 5 ATM locations.

About Share
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Address 85 Outer Drive
Silver Bay, Minnesota 55614
Website http://www.northshorefcu.org
Phone (218) 226-4401
Fax (218) 226-3613
CEO Mark S. Summers
President of the Board James Lukken
Services Offered
Score Card Share
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55 years
Years in business
Opened in 1967
Well Capitalized
Net worth classification
Source: NCUA
10,520 members
Membership type: Unknown
Above average number of members
248:1
Credit union member to staff ratio
248 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$168,660,054
Total assets
Above average
6 branches
Compared with an average of 4 nationally and 4 in Minnesota
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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6 branches
Compared with an average of 4 nationally and 4 in Minnesota
Above average number of branches
North Shore Credit Union Branch Locations

North Shore Credit Union: Lutsen
5335 W. Highway 61
Lutsen, Minnesota 55612
ATM Available
North Shore Credit Union: Grand Portage
77 Mile Creek Road
Grand Portage, Minnesota 55605
ATM Available
North Shore Credit Union: Two Harbors
404 7th Avenue
Two Harbors, Minnesota 55616
ATM Available
North Shore Credit Union: Duluth - Endi
2104 London Road
Duluth, Minnesota 55812
No ATM
North Shore Credit Union: Silver Bay
85 Outer Drive
Silver Bay, Minnesota 55614
ATM Available
North Shore Credit Union: Grand Marais
122 E. Highway 61
Grand Marais, Minnesota 55604
ATM Available
Members Share
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10,520 members
Membership type: Unknown
Above average number of members

With 10,520 members, the North Shore Credit Union is considered to be a large credit union. It is larger than 72% of credit unions.

Fees Share
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$53
Average fee per member
The average fee per member at the North Shore Credit Union is $53, which is comparable to most credit unions. This rate is lower than 46% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the North Shore Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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248:1
Credit union member to staff ratio
248 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
42 staff members
FTE (full-time equivalent)
23% of employees are part-time
37 full-time, 11 part-time

North Shore Credit Union has 37 full-time staff members and 11 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 77% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. North Shore Credit Union has around 248 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$168,660,054
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
15.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$23,443
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 94% of credit unions.

North Shore Credit Union holds a total of $137,300,000 in loans and leases, which is about $23,443 per member on average.

Savings interest rate Share
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. North Shore Credit Union pays 0.15%.

Loan rates Share
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9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
9.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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2.49%
New car loan rate
Compared to 4.0% nationally
2.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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3.99%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.49%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Similar Credit Unions to North Shore Credit Union

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North Shore Credit Union: Grand Portage
Credit Union Branch: 77 Mile Creek Road
Grand Portage, Minnesota 55605 ATM Available
North Shore Credit Union: Duluth - Endi
Credit Union Branch: 2104 London Road
Duluth, Minnesota 55812 No ATM
North Shore Credit Union: Lutsen ATM
Credit Union ATM: 5335 W. Highway 61
Lutsen, Minnesota 55612
North Shore Credit Union: Grand Portage ATM
Credit Union ATM: 77 Mile Creek Road
Grand Portage, Minnesota 55605
North Shore Credit Union: Two Harbors
Credit Union Branch: 404 7th Avenue
Two Harbors, Minnesota 55616 ATM Available
North Shore Credit Union: Silver Bay ATM
Credit Union ATM: 85 Outer Drive
Silver Bay, Minnesota 55614
North Shore Credit Union: Lutsen
Credit Union Branch: 5335 W. Highway 61
Lutsen, Minnesota 55612 ATM Available
North Shore Credit Union: Silver Bay
Credit Union Branch: 85 Outer Drive
Silver Bay, Minnesota 55614 ATM Available
North Shore Credit Union: Grand Marais
Credit Union Branch: 122 E. Highway 61
Grand Marais, Minnesota 55604 ATM Available
North Shore Credit Union: Grand Marais ATM
Credit Union ATM: 122 E. Highway 61
Grand Marais, Minnesota 55604