TellerScore

North Shore Federal Credit Union is a federal credit union headquartered in Silver Bay, Minnesota, in business for about 59 years. At the end of Q2 2026 it reported $284.8M in total assets and $246.7M in member shares and deposits, with 8 offices.

North Shore Federal Credit Union has a TellerScore of 74 out of 100 (strong) based on Q2 2026 data — higher than 63% of its 1,341 credit unions with $100 million – $1 billion. Among 80 credit unions headquartered in Minnesota, it ranks 33rd. Problem-loan coverage contributes the most (96/100, 2.1%); earnings contributes the least (44/100, 0.59%).

TellerScore · Q2 2026

Scorecard

Capital cushion78/100
Net worth ratio: 12.77%
Loan quality89/100
Loans 60+ days delinquent ÷ total loans: 0.33%
Earnings44/100
Return on assets (annualized): 0.59%
Funding & liquidity68/100
Loans ÷ shares: 91.9% · 5.9% uninsured
Problem-loan coverage96/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 2.14%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 2 points (72 → 74), mostly because the earnings component improved by 10 points.

TellerScore
707477Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTellerScore
Q2 202477
Q3 202476
Q4 202477
Q1 202570
Q2 202572
Q3 202571
Q4 202574
Q1 202672
Q2 202674
Net worth ratio
7.00%9.88%12.77%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterNet worth ratio
Q2 202412.38%
Q3 202411.94%
Q4 202412.19%
Q1 202512.05%
Q2 202512.21%
Q3 202512.12%
Q4 202512.58%
Q1 202612.77%
Q2 202612.77%
Delinquent loans (60+ days)
0.02%0.33%0.63%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterDelinquent loans (60+ days)
Q2 20240.02%
Q3 20240.04%
Q4 20240.10%
Q1 20250.40%
Q2 20250.26%
Q3 20250.41%
Q4 20250.33%
Q1 20260.63%
Q2 20260.33%
Return on assets
0.21%0.42%0.64%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterReturn on assets
Q2 20240.55%
Q3 20240.50%
Q4 20240.61%
Q1 20250.21%
Q2 20250.36%
Q3 20250.47%
Q4 20250.64%
Q1 20260.59%
Q2 20260.59%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202674$284.8M12.77%0.33%0.59%91.9%
Q1 202672$281.6M12.77%0.63%0.59%88.9%
Q4 202574$282.4M12.58%0.33%0.64%89.7%
Q3 202571$286.8M12.12%0.41%0.47%87.7%
Q2 202572$280.4M12.21%0.26%0.36%86.0%
Q1 202570$281.1M12.05%0.40%0.21%80.1%
Q4 202477$276.8M12.19%0.10%0.61%78.8%
Q3 202476$279.2M11.94%0.04%0.50%78.6%
Q2 202477$266.6M12.38%0.02%0.55%82.6%

1,341 peers · $100 million – $1 billion

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio12.77%
67th
Problem loans0.33%
80th
Net charge-offs0.06%
91st
Return on assets0.59%
39th
Loans to deposits91.9%
13th
Uninsured deposits5.9%
50th
Loan-loss reserves0.00%
50th
Texas ratio2.1%
74th

Similar-size credit unions in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Home Town Federal Credit UnionCredit union Owatonna, MN72 out of 100, Strong$293.3M10.6%0.58%vs
Greater Community Credit UnionCredit union Dawson, MN91 out of 100, Very strong$296.5M20.7%0.48%vs
St. Paul Federal Credit UnionCredit union Saint Paul, MN76 out of 100, Strong$252.1M12.9%0.20%vs
Building Trades Federal Credit UnionCredit union Maple Grove, MN73 out of 100, Strong$249.9M10.9%0.29%vs
Novation Credit UnionCredit union Oakdale, MN71 out of 100, Strong$244.0M11.0%0.66%vs
Minnesota Valley Federal Credit UnionCredit union Mankato, MN77 out of 100, Strong$329.0M11.5%0.56%vs

Deposit insurance

Is my money safe at North Shore Federal Credit Union?

Yes. North Shore Federal Credit Union is a federally insured credit union (NCUA charter #18473). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 5.9% of shares and deposits ($14.5M) are above the $250,000 NCUA insurance limit, close to the peer median of 6%. Insured balances are protected regardless of the score.

The net worth ratio is 12.77%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

8 locations

Branches

North Shore Federal Credit Union lists 8 offices in 6 cities. Most locations:

  • Duluth, MN (3)
  • Grand Marais, MN (1)
  • Grand Portage, MN (1)
  • Lutsen, MN (1)
  • Silver Bay, MN (1)
  • Two Harbors, MN (1)

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, North Shore Federal Credit Union reported 313 home-loan applications under HMDA (LEI 25490091LXRCWGWGZ525): 235 originated ($50,035,000 total), 27 denied, and 51 withdrawn or closed by the applicant. Its denial rate on decided applications was 10.3%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
North Shore Federal Credit Union
Type
Federal credit union
NCUA charter #
18473
RSSD ID
421285
Primary regulator
NCUA
Established
1967
Headquarters
85 Outer Drive, Silver Bay, MN 55614
Employees
79

Quick answers

North Shore Federal Credit Union: common questions

Is North Shore Federal Credit Union NCUA insured?

Yes. North Shore Federal Credit Union is a federally insured credit union (NCUA charter #18473). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is North Shore Federal Credit Union's TellerScore?

74 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does North Shore Federal Credit Union have?

8 offices as of the latest NCUA data.

Nearby

Highest-scoring banks and credit unions with branches near Silver Bay

InstitutionScoreAssetsCapitalProblem loansCompare
Two Harbors Federal Credit UnionCredit union Two Harbors, MN84 out of 100, Strong$118.4M14.3%0.07%vs
Park State BankBank Duluth, MN66 out of 100, Moderate$1.5B9.9%0.92%vs