Northern Federal Credit Union
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Data as of · sourced from NCUA 5300 call reports. How we update
Northern Federal Credit Union is a federal credit union headquartered in Watertown, NY, established in 1955 (NCUA charter 24989), and it is regulated and insured by the NCUA. At Q2 2026 it reported 45,532 members and total assets of $698.2M, the 31st largest of 267 credit unions headquartered in New York. Its net worth ratio was 10.48% at Q2 2026, in the well capitalized band (NCUA's well capitalized line is 7%).
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 24989
- Headquarters
- Watertown, NY
- Established
- 1955
- Total assets, Q2 2026
- $698.2M
- Members, Q2 2026
- 45,532
- Net worth ratio, Q2 2026
- 10.48%
- Asset rank in state
- 31st of 267 in New York
Credit unions similar in size in New York
Frequently asked about Northern Federal Credit Union
How big is Northern Federal Credit Union?
It reported approximately $698.2M in total assets and 45,532 members as of Q2 2026.
Is Northern Federal Credit Union well capitalized?
Its net worth ratio was 10.48%. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
Credit Union Profile
- Headquarters
- Watertown, NY 13601
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1955
- NCUA Charter #
- 24989
- RSSD ID
- 194981
- Members
- 45,532
- Potential members
- 1,020,509
Size & Membership
Profitability
Q2 annualizedROA, ROE and net interest margin are the quarter's own income, annualized. NCUA's Financial Performance Report annualizes the year to date instead, so after the first quarter its figures differ from ours. Where the 5300 for this quarter and the prior year-end is served, the year-to-date value on NCUA's basis is shown beside each as YTD, over the average of this quarter's and the prior year-end balances. NCUA publishes no ROE; ours uses the same year-to-date basis over average net worth.
Capital & Asset Quality
Net worth category is computed by BankRegReports from the net worth ratio, using NCUA's 7, 6, 4 and 2 percent thresholds. It is not NCUA's determination, which can differ.
Peer comparison: credit unions of similar size
It ranks against 1,341 credit unions with $100M to $1B in assets, as of Q2 2026. It is in the top quartile on 0 of 2 ranked measures and in the bottom quartile on 1. Rank is the estimated share of peers this credit union outperforms; the tag compares it with the median peer. Percentiles are interpolated from the peer group's 10th, 25th, 50th, 75th and 90th percentile values.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 13.58% | 10.48% | 11.43% | 35th below |
| Return on assets Middle half of peers: 0.43% to 1.23% | not on file | 0.81% | not on file |
| Return on equity Middle half of peers: 3.87% to 9.84% | not on file | 7.02% | not on file |
| Net interest margin Middle half of peers: 3.30% to 4.10% | not on file | 3.70% | not on file |
| Efficiency ratio Middle half of peers: 68.90% to 83.49% | not on file | 76.55% | not on file |
| Cost of funds Middle half of peers: 0.92% to 1.56% | not on file | 1.24% | not on file |
| Delinquency ratio Middle half of peers: 0.39% to 1.12% | 1.32% | 0.68% | 20th bottom |
| Yield on assets Middle half of peers: 4.53% to 5.37% | not on file | 4.92% | not on file |
| Loan-to-share ratio Middle half of peers: 62.05% to 86.41% | 91.45% | 75.66% | 85th position only |
Quarterly trend: last 1 quarters
Quarter-over-quarter movement in the four ratios NCUA watches most, from the credit union's own NCUA 5300 call report filings.
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 10.48% | — | 1.32% | 91.45% |
Scroll sideways to see every column.
Watch flags
Automated conditions triggered on this credit union's latest NCUA 5300 filing. Advisory only, not a prediction. Each flag is tagged Regulatory when it cites an official NCUA threshold, or BRR analysis when it's our own band.
Loans 60+ days delinquent exceed 1% of the loan book, above the typical credit-union range. Worth watching the trend in coming quarters. BankRegReports early-warning band.
Source: NCUA 5300 Call Report, standardized by BankRegReports. Credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF), not the FDIC. See how often this data updates or learn more about our data.