Charter 18473 · Silver Bay, MN
North Shore Federal Credit Union
North Shore Federal Credit Union is a federally chartered credit union in Silver Bay, Minnesota, with $285 million in assets and 14,189 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 12.77%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $285 million
- +1.6% in a year
- Members
- 14,189
- +4.7% in a year
- Net worth ratio
- 12.77%
- Peer median 11.65%
- Loans 60+ days late
- 0.33%
- Peer median 0.70%
- Loans outstanding
- $227 million
- +7.7% in a year
- Shares and deposits
- $247 million
- +0.9% in a year
- Branches
- 8
- 79 employees
- Opened
- 1967
- Federal charter
How North Shore Federal Credit Union compares
NCUA groups credit unions by size; North Shore Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 12.77% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.33%, is lower than the group median of 0.70%. Loans grew 7.7% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 23 of 80 credit unions headquartered in Minnesota. See all Minnesota credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $285 million | 14,189 | $227 million | 12.77% | 0.33% |
| Q1 2026 | $282 million | 13,976 | $217 million | 12.77% | 0.63% |
| Q4 2025 | $282 million | 13,848 | $220 million | 12.58% | 0.33% |
| Q3 2025 | $287 million | 13,753 | $219 million | 12.12% | 0.41% |
| Q2 2025 | $280 million | 13,555 | $210 million | 12.21% | 0.26% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 123,544 potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 8 sites for North Shore Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Silver Bay (main office)
85 Outer Dr, Silver Bay, MN 55614 - Grand Marais
122 E Highway 61, Grand Marais, MN 55604 - Lutsen
5335 W Highway 61, Lutsen, MN 55612 - Grand Portage
77 Mile Creek Rd, Grand Portage, MN 55605 - Two Harbors
404 7Th Ave, Two Harbors, MN 55616 - Duluth - Endi
2104 London Rd, Duluth, MN 55812 - Duluth - Lincoln Park
1902 W Superior St, Duluth, MN 55806 - Duluth - Pike Lake
5671 Miller Trunk Hwy, Duluth, MN 55811
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology