Charter 24989 · Watertown, NY
Northern Federal Credit Union
Northern Federal Credit Union is a federally chartered credit union in Watertown, New York, with $698 million in assets and 45,532 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 10.48%, well above the 7% that NCUA's rules treat as well capitalized.
Also does business as Northern Credit Union.
- Total assets
- $698 million
- – in a year
- Members
- 45,532
- – in a year
- Net worth ratio
- 10.48%
- Peer median 10.79%
- Loans 60+ days late
- 1.32%
- Peer median 0.67%
- Loans outstanding
- $562 million
- – in a year
- Shares and deposits
- $615 million
- – in a year
- Branches
- 10
- 162 employees
- Opened
- 1955
- Federal charter
How Northern Federal Credit Union compares
NCUA groups credit unions by size; Northern Federal Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 10.48% is lower than that group's median of 10.79%, and its share of loans 60 or more days past due, 1.32%, is higher than the group median of 0.67%.
By assets it ranks 31 of 268 credit unions headquartered in New York. See all New York credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $698 million | 45,532 | $562 million | 10.48% | 1.32% |
| Q1 2026 | – | – | – | – | – |
| Q4 2025 | – | – | – | – | – |
| Q3 2025 | – | – | – | – | – |
| Q2 2025 | – | – | – | – | – |
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 1.0 million potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 11 sites for Northern 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.
- Corporate Office (main office)
138 Factory St, Watertown, NY 13601 - Gouverneur Branch
145 E Main St, Gouverneur, NY 13642 - Factory Branch
120 Factory St, Watertown, NY 13601 - Commerce Park Branch
1180 Commerce Park Dr E, Watertown, NY 13601 - Lowville Branch
5801 Number Four Rd, Lowville, NY 13367 - Adams Branch
2 Elmwood Ave, Adams, NY 13605 - West Carthage Branch
88 Bridge St, Carthage, NY 13619 - LeRay Branch
26424 Johnson Road, Evans Mills, NY 13637 - Croghan Branch
9804 State Route 812, Croghan, NY 13327 - Massena Relationship Center
88 Parker Ave, Massena, NY 13662 - Countryside Credit Union - Division of Northern Credit Union
5720 Commons Park, East Syracuse, NY 13057
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