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The Lender Report built this page from public records. Northern Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about Northern Credit Union itself. Each figure shows its source and date. Work at Northern Credit Union? You can claim this page for free.
Credit union, Watertown, NY
Northern Credit Union
A credit union based in Watertown, NY. Its commercial book is led by multifamily and owner-occupied CRE. Public files show recent multifamily, 1-4 unit investor and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 11, 2026
- Commercial book
- $73.7M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 16
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- Not reported
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $698M
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 315-782-0155 From the NCUA record, June 30, 2026.
- Website
- www.mynorthern.comFrom the NCUA record, November 9, 2026.
- Commercial lending page
- mynorthern.comFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- NORTHERNNCUA 5300,
- Address
- 138 Factory St, Watertown, NY 13601-1958NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Multiple common bond - other. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. Northern Credit Union originated 18 multifamily loans in 2025, versus 3 in 2024. HMDA,
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | Onondaga County, NY | Purchase, 50 to 99 units | $3.8M | 6.88% | 15 yr | 77% | HMDA 2025 |
| 2025 | St. Lawrence County, NY | Purchase, 50 to 99 units | $1.8M | 7% | 15 yr | 51% | HMDA 2025 |
| 2025 | New York | Cash-out refinance, 5 to 24 units | $1.2M | 7.5% | 15 yr | 50% | HMDA 2025 |
| 2025 | Jefferson County, NY | Purchase, 5 to 24 units | $680K | 7.5% | 15 yr | 76% | HMDA 2025 |
| 2025 | Onondaga County, NY | Purchase, 5 to 24 units | $620K | 7.75% | 10 yr | 80% | HMDA 2025 |
| 2025 | Onondaga County, NY | Purchase, 5 to 24 units | $560K | 7.5% | 10 yr | 78% | HMDA 2025 |
| 2025 | St. Lawrence County, NY | Cash-out refinance, 50 to 99 units | $540K | 6.5% | 15 yr | 17% | HMDA 2025 |
| 2025 | Onondaga County, NY | Purchase, 5 to 24 units | $420K | 7% | 10 yr | 77% | HMDA 2025 |
| 2025 | New York | Refinance, 5 to 24 units | $400K | 8% | 10 yr | 17% | HMDA 2025 |
| 2025 | Madison County, NY | Purchase, 5 to 24 units | $320K | 7.5% | 10 yr | 80% | HMDA 2025 |
| 2025 | Jefferson County, NY | Purchase, 5 to 24 units | $320K | 8% | 15 yr | 79% | HMDA 2025 |
| 2025 | Jefferson County, NY | Purchase, 5 to 24 units | $260K | 7.75% | 10 yr | 80% | HMDA 2025 |
| 2025 | Jefferson County, NY | Purchase, 5 to 24 units | $240K | 7.75% | 10 yr | 76% | HMDA 2025 |
| 2025 | Oswego County, NY | Purchase, 5 to 24 units | $240K | 8% | 10 yr | 48% | HMDA 2025 |
| 2025 | Madison County, NY | Purchase, 5 to 24 units | $220K | 7.5% | 15 yr | 76% | HMDA 2025 |
| 2025 | St. Lawrence County, NY | Cash-out refinance, 5 to 24 units | $180K | 7.5% | 15 yr | 76% | HMDA 2025 |
| 2025 | Jefferson County, NY | Purchase, 5 to 24 units | $140K | 7.75% | 10 yr | 86% | HMDA 2025 |
| 2025 | Onondaga County, NY | Cash-out refinance, 5 to 24 units | $140K | 7.5% | 10 yr | 27% | HMDA 2025 |
| 2024 | New York | Purchase, 5 to 24 units | $2M | 6.5% | 15 yr | 78% | HMDA 2024 |
| 2024 | Onondaga County, NY | Purchase, 5 to 24 units | $440K | 7% | 15 yr | 80% | HMDA 2024 |
| 2024 | New York | Refinance, 5 to 24 units | $120K | 8% | 10 yr | 71% | HMDA 2024 |
| 18 multifamily loans made in 2025 | $12.2M | HMDA 2025 | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $34.3M | 6.1% | Not reported | 57 | $602K |
| Construction and land development | $1.22M | 0.2% | Not reported | 2 | $608K |
| Owner-occupied CRE | $18.2M | 3.2% | Not reported | 74 | $246K |
| Non-owner-occupied CRE | $16.1M | 2.9% | Not reported | 31 | $521K |
| Farmland | $0 | 0.0% | Not reported | 0 | Not reported |
| Commercial and industrial | $3.84M | 0.7% | Not reported | 51 | $75.4K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $73.7M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 18 | $12.2M | $365K | $3.8M | HMDA, |
| Multifamily, 5 or more units | 2024 | 3 | $2.60M | $440K | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 44 | $8.45M | $145K | HMDA, | |
| Real-estate-secured commercial | First half of 2026 | 16 | $8.55M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 6 | $5.30M | NCUA 5300, | ||
| Construction | First half of 2026 | 2 | $1.22M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 2 | $306K | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 6 | $1.73M | NCUA 5300, | ||
| C&I | First half of 2026 | 5 | $455K | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI).
| Book | Average loan |
|---|---|
| Construction and land development | $608K |
| Multifamily | $602K |
| Owner-occupied CRE | $246K |
| Non-owner-occupied CRE | $521K |
| Commercial and industrial | $75.4K |
Programs on record: Federal Home Loan Bank member (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| New York HQ | 11 | 18 | 44 | 0 | 0 |
| County | Recorded loans | Dollars |
|---|---|---|
| Onondaga County, NY | 6 | $5.99M |
| Jefferson County, NY | 5 | $1.67M |
| Metro | Recorded loans | Dollars |
|---|---|---|
| Syracuse, NY | 9 | $6.79M |
| Watertown-Fort Drum, NY | 5 | $1.67M |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $85.5M | $62.1M to $156M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $79.5M | $2.28M to $129M across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 93.0% | 3.0% to 144.7% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $10.7M | $6.83M to $20.9M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 72.6% | 1.6% to 226.9% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 80.5% | 52.3% to 80.4% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Cornerstone Community Credit Union | NY | $730M | $142M |
| TEG Credit Union | NY | $507M | $59.0M |
| First Heritage Credit Union | NY | $840M | $75.8M |
| First New York Credit Union | NY | $574M | $47.4M |
| G.P.O. Credit Union | NY | $630M | $2.22M |
| Sidney Credit Union | NY | $1.27B | $75.0M |
| Sea Comm Credit Union | NY | $777M | $92.9M |
| Reliant Community Credit Union | NY | $788M | $23.0M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it makes SBA loans. No SBA loans are on file under this name for the 36 months to September 30, 2026.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Northern Credit Union, NCUA charter 24989. Compare it with the regulator's record. [NCUA profile]
- Balances. $698M in total assets and $73.7M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 16 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 65 loans in the HMDA file, in 2024 and 2025: 18 HMDA multifamily 2025, 3 HMDA multifamily 2024, 44 HMDA 1-4 unit investor 2025. [How each file was tied to Northern Credit Union]
- Phone and website. Phone 315-782-0155, from the NCUA record. Website mynorthern.com, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 11, 2026.
- Regulator
- National Credit Union Administration
- NCUA charter
- 24989
- RSSD
- 194981
- LEI
- 5493006Z1T521ODWBA53
- The Lender Report ID
- lr_002033
- Main office county
- Jefferson
- Members
- 45,824
- NCUA region
- 1 - Eastern
NCUA credit union details,
- Reported $698.2M in total assets as of June 30, 2026 (NCUA 5300).
- Held $73.7M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $34.3M of multifamily loans as of June 30, 2026 (NCUA 5300).
- Held $18.2M of owner-occupied commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $16.1M of non-owner-occupied commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Originated 18 multifamily loans totaling $12.2M in 2025 (HMDA).
5 more sentences
- Originated 3 multifamily loans totaling $2.6M in 2024 (HMDA).
- Originated 44 1-4 unit investor or business-purpose loans totaling $8.4M in 2025 (HMDA).
- Originated 16 real-estate-secured commercial loans totaling $8.5M in the first half of 2026 (NCUA 5300).
- Held $4M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 11 offices in 1 state (NCUA).
Cite this
Source: The Lender Report, Northern Credit Union, https://lender.report/lender/northern-credit-union-ny/, data as of June 30, 2026.
Sources
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Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem