Sep, 30, 2025 — FIRST NORTHERN CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 4 branch locations and about $322.43 million in total assets. Opened 82 years ago in 1944, FIRST NORTHERN CREDIT UNION has about 21,347 members and employs 72 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST NORTHERN CREDIT UNION |
|---|---|
| Address: (Main Office) | 230 W Monroe St CHICAGO, IL 60606 |
| Phone: | (312) 332-6357 |
| Fax: | (312) 332-0166 |
| Website: | https://www.fncu.org |
| Branches: | 4 branch locations |
| Members: | 21,347 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66359 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1944 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $322,432,773 |
| CEO/Manager: | Alex Malone |
| Chairperson: | Richard O'Toole |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,585,341 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 300,000 |
| Real Estate Loans | 136,938,436 |
| Unsecured Loans | 15,654,067 |
| Other Loans | 69,621,604 |
| TOTAL LOANS | 222,214,107 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,289,150 |
| Land And Building | 1,540,206 |
| Other Fixed Assets | 849,905 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,853,188 |
| All Other Assets | 30,100 |
| TOTAL ASSETS | 322,432,773 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,882,593 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 71,251,723 |
| Regular shares | 155,220,366 |
| All Other Shares & Deposits | 57,322,585 |
| TOTAL SHARES & DEPOSITS | 283,794,674 |
| TOTAL LIABILITIES | 289,677,267 |
| Regular Reserve | 0 |
| Other Reserves | -377,972 |
| Undivided Earnings | 33,133,478 |
| TOTAL EQUITY | 32,755,506 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 322,432,773 |
| INCOME & EXPENSE | |
| Loan Income | 9,468,999 |
| Investment Income | 1,704,957 |
| Other Income | 615,723 |
| Total Employee Compensation & Benefits | 6,043,455 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,465,598 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 578,200 |
| Cost of Funds | 1,294,389 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,550,484 |
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