Sep, 30, 2025 — NORTHERN CREDIT UNION is a federally insured state chartered credit union headquartered in WATERTOWN, NY with 10 branch locations and about $657.96 million in total assets. Opened 71 years ago in 1955, NORTHERN CREDIT UNION has about 45,324 members and employs 158 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN CREDIT UNION |
|---|---|
| Address: (Main Office) | 138 Factory St WATERTOWN, NY 13601-1958 |
| Phone: | (315) 782-0155 |
| Fax: | (315) 782-8684 |
| Website: | https://www.mynorthern.com |
| Branches: | 10 branch locations |
| Members: | 45,324 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68696 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $657,957,093 |
| CEO/Manager: | Daniel St. Hilaire |
| Chairperson: | Gary Rowe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 69,623,835 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,001,655 |
| Real Estate Loans | 413,707,210 |
| Unsecured Loans | 41,196,195 |
| Other Loans | 84,718,778 |
| TOTAL LOANS | 539,622,183 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,101,996 |
| Land And Building | 20,460,772 |
| Other Fixed Assets | 3,190,401 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,221,951 |
| All Other Assets | 109,546 |
| TOTAL ASSETS | 657,957,093 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,425,671 |
| Accounts Payable & Other Liabilities | 6,198,597 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
| Share Drafts | 196,205,912 |
| Regular shares | 247,287,008 |
| All Other Shares & Deposits | 130,554,932 |
| TOTAL SHARES & DEPOSITS | 574,047,852 |
| TOTAL LIABILITIES | 592,776,113 |
| Regular Reserve | 0 |
| Other Reserves | 28,478,106 |
| Undivided Earnings | 36,702,874 |
| TOTAL EQUITY | 65,180,980 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 657,957,093 |
| INCOME & EXPENSE | |
| Loan Income | 23,116,832 |
| Investment Income | 1,944,993 |
| Other Income | 5,033,749 |
| Total Employee Compensation & Benefits | 11,853,266 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,688,803 |
| Non-operating Income & (Expense) | -5,166 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,332,780 |
| Cost of Funds | 6,775,852 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,096,138 |
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