Silver Bay, MN · Federal Credit Union · Chartered in MN
Who can join
Community / multiple bond
Members
13,976
Net Worth Ratio
12.77%
min. 7% = Well Capitalized
Contact & Details
NCUAWebsite
Phone
Address
Branch Locations
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
Total Assets
$281.6M
Total Shares
$244.3M
Total Loans
$217.2M
Net Income
$412K
Net Worth Ratio
12.77%
≥7% = Well Capitalized
Members
13,976
Return on Assets
0.15%
annualized · >0.5% healthy
Delinquency Rate (60d+)
0.14%
$308K
| Year | Applications | Originated | Denials | Orig. Rate | Denial Rate |
|---|---|---|---|---|---|
| 2023 | 187 | 169 | 0 | 90.4% | 0.0% |
| 2022 | 141 | 138 | 1 | 97.9% | 0.7% |
| 2021 | 54 | 54 | 0 | 100.0% | 0.0% |
No CFPB complaint data available for this credit union.
Silver Bay
85 Outer Dr, Silver Bay, MN, 55614-1132
8:00 am - 5:00 pm drive up 8:30 am - 4:30 pm Monday - Friday
Grand Marais
122 E Highway 61, Grand Marais, MN, 55604
8:00 am - 5:00 pm drive up 8:30 am - 4:30 pm Monday - Friday
Lutsen
5335 W Highway 61, Lutsen, MN, 55612-9542
8:00 am - 5:00 pm drive up 8:30 am - 1:00 pm, 2:00 pm - 4:30 pm Monday - Friday
Grand Portage
77 Mile Creek Rd, Grand Portage, MN, 55605-3028
12-5 M,T,T,F
Two Harbors
404 7th Ave, Two Harbors, MN, 55616-1450
8:00 am - 5:00 pm drive up 8:30 am - 4:30 pm Monday - Friday
Duluth - Endi
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<a href="https://bankscorer.com/credit-union/north-shore" target="_blank" rel="noopener">View NORTH SHORE on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.
Loan-to-share ratio: 88.9%· healthy range 60–80%
2104 London Rd, Duluth, MN, 55812
8:30 am - 4:30 pm Monday - Friday
Duluth - Lincoln Park
1902 W Superior St, Duluth, MN, 55806-2141
8:30 am - 4:30 pm Monday - Friday
Duluth - Pike Lake
5671 Miller Trunk Hwy, Duluth, MN, 55811-1229
8:30 am - 4:30 pm Monday - Friday