Overview
What is Northern Credit Union?
Northern Credit Union is a financial institution based in Watertown, New York, serving an eight-county demographic. Regulated by the NYS Department of Financial Services, they offer a range of low-cost banking products and services, such as online and mobile banking, fee-free access to over 30,000 ATMs, and 5,000+ shared branch locations. Their mission is to empower and provide personalized solutions for their members, enhancing their financial lives. With 192 employees, they offer low-interest loans, competitive dividend rates on checking and investment accounts, and various financial services. Northern Credit Union strives to improve the financial well-being of its members through accessible and customized banking solutions.
Official website here: www.mynorthern.com
Is Northern Credit Union legitimate?
Northern Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northern Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $787,206
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,275,486
For more financial information, click here
Official website here: www.mynorthern.com
What is the mission statement of Northern Credit Union?
Northern Credit Union is committed to enhancing the financial lives of those it serves through empowerment and personalized solutions. It offers a range of banking services, including online and mobile banking, access to over 30,000 fee-free ATMs and 5,000+ shared branch locations. Members can benefit from low-interest rate loans, competitive dividend rates on checking and investment accounts, and various financial products and services tailored to help them live their best financial lives. The credit union's mission is overseen by the New York State Department of Financial Services.
Official website here: www.mynorthern.com
Who is the CEO of Northern Credit Union?
Daniel W St Hilaire is the Principal Officer of Northern Credit Union. The CEO's salary of Northern Credit Union is $0 and their total compensation is $0.
Official website here: www.mynorthern.com
What is the revenue of Northern Credit Union?
Northern Credit Union's revenue in 2022 was $33,941,010.
Official website here: www.mynorthern.com
Who are the executives of Northern Credit Union and what are their salaries?
The average compensation at Northern Credit Union during 2022 was $47,202. There are 192 employees and 12 volunteers at Northern Credit Union.
Here are 20 key members and their salaries (Northern Credit Union's CEO's salary is $0 and their total compensation is $0):
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- Other: $6,050
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- Compensation: $474,990
- Related: $0
- Other: $41,065
- Compensation: $242,355
- Related: $0
- Other: $28,797
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- Other: $0
Official website here: www.mynorthern.com
Where can I find the form 990 for Northern Credit Union?
Northern Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mynorthern.com
Learn more at the official website: www.mynorthern.com
Mission Statement of Northern Credit Union
Northern Credit Union is committed to enhancing the financial lives of those it serves through personalized solutions. In line with this mission, the organization, regulated by the NYS Department of Financial Services, extends banking services to a demographic spread across eight counties.
Northern Credit Union offers a range of financial products and services tailored to its members. These include convenient access to over 30,000 fee-free ATMs and 5,000+ shared branch locations, along with online and mobile banking. Members can also benefit from low-interest rate loans and competitive dividend rates on checking and investment accounts. The credit union provides a diverse array of financial solutions designed to help members optimize their financial well-being.
Northern Credit Union's dedication to its members extends beyond basic banking services. It strives to empower each individual to make informed financial decisions and live their best financial lives. Through its offerings, the credit union aims to make banking more accessible and convenient for its members, ultimately contributing to their financial growth and stability.
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Impact
October, 2024
Northern Credit Union significantly impacts the financial landscape by improving the financial lives of its members through empowerment and personalized solutions. With a focus on providing low-cost financial products and services, they enable access to essential banking tools like online and mobile banking, as well as a network of over 30,000 fee-free ATMs and more than 5,000 shared branch locations.
By offering low-interest rate loans and competitive dividend rates on checking and investment accounts, Northern Credit Union fosters a supportive environment for members to achieve their financial goals. The organization is committed to enhancing financial well-being, providing a diverse range of financial services tailored to the needs of the community it serves across an 8-county region in New York. Through these efforts, Northern Credit Union plays a vital role in promoting financial literacy and stability, thereby benefiting the public and helping individuals live their best financial lives.
This information is meant to be a general summary of Northern Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $317,441
- Program Service Revenue: $31,458,607
- Gross Receipts: $34,158,963
Assets and Liabilities:
- Total Assets: $598,798,438
- Total Liabilities: $25,471,130
- Net Assets: $573,327,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST RECEIVED
Revenue
$21,227,871
SERVICE FEES LESS REFUNDS
Revenue
$10,230,736
Organization Details
Founding Year
1955
Phone
(315) 779-3133Principal Officer
Daniel W St Hilaire
Main Address
120 FACTORY STREET, WATERTOWN, NY, 136011900
Website
www.mynorthern.comNTEE Category
Code: W61 - Public benefit
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