Nonprofit · EIN 15-0580359
NORTHERN FEDERAL CREDIT UNION
Tax-exempt · WATERTOWN, NY 13601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $43,569,599 | $41,961,934 | $1,607,665 | $634,828,241 | $26,032,802 | $608,795,439 |
| December 31, 2023 | 990 | $41,068,256 | $39,223,945 | $1,844,311 | $602,800,529 | $20,361,641 | $582,438,888 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $40,843,273
- Investment income
- $1,865,217
- Net gain from sales of assets
- -$9,568
- Other revenue
- $861,109
Expenses
- Grants and similar amounts paid
- $520
- Compensation of officers, directors and key employees
- $971,626
- Other salaries and wages
- $9,529,768
- Salaries, compensation and benefits (total)
- $14,279,116
- Professional fundraising fees
- $0
- Legal fees
- $108,441
- Accounting fees
- $256,097
- Occupancy
- $1,162,315
- Travel
- $63,528
- Depreciation
- $1,635,891
Balance sheet and other
- Total assets, start of year
- $602,800,529
- Total assets, end of year
- $634,828,241
- Total liabilities, end of year
- $26,032,802
- Net assets, end of year
- $608,795,439
- Land, buildings and equipment
- $22,942,140
- Net assets without donor restrictions
- $608,795,439
- Gross unrelated business income
- $115,384
- Gross receipts
- $43,809,321
- Employees
- 202
- Volunteers
- 12
- Year formed
- 1955
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL ST HILAIRE | CEO Officer | 50 | $427,533 | $271,266 |
| NATHAN HUNTER | CFO Officer | 50 | $239,774 | $33,053 |
| GARY BAKER | VICE CHAIR Trustee or director | 1 | $0 | $7,022 |
| GARY ROWE | CHAIR Trustee or director | 1 | $0 | $0 |
| BRIAN ROBBINS | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| NICOLE DONALDSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MITCHELL FRANKLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRY MCGREW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES BURROWS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA RIDSDALE | CHIEF PEOPLE & STRATEGY OFFICER Officer | 50 | $0 | $0 |
| DANIEL ESTAL | VP LENDING Officer | 50 | $0 | $0 |
| CHRISTINE BOOTH | VP OF MEMBER RELATIONS Officer | 50 | $0 | $0 |
| BONNIE BELFIELD | VP OF OPS OWNER ADVOCATE A Officer | 50 | $0 | $0 |
| ROCHELLE RUNGE | VP OF MARKETING AND DIGITA Officer | 50 | $0 | $0 |
| JENNIFER WILTON | VP OF HR, TRAINING & COMP Highest-paid employee | 50 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCAS ST HILAIRE | ITO MANAGER Highest-paid employee | 50 | $0 |
| LORI WENTZEL | HOME LENDING PROFESSIONAL Highest-paid employee | 50 | $0 |
| TONYA OBEY-HARRIS | AVP OF RESIDENTIAL LENDING AND UNDERWRITING Highest-paid employee | 50 | $0 |
| EILEEN SNYDER | DIRECTOR OF ACCOUNTING Highest-paid employee | 50 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL ST HILAIRE | CEO Officer | 50 | $484,103 | $47,078 |
| NATHAN HUNTER | CFO Officer | 50 | $248,436 | $31,414 |
| GARY BAKER | VICE CHAIR Trustee or director | 1 | $0 | $7,467 |
| GARY ROWE | CHAIR Trustee or director | 1 | $0 | $0 |
| BRIAN ROBBINS | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| NICOLE DONALDSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAUREN MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MITCHELL FRANKLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRY MCGREW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA RIDSDALE | SVP OF HR/COMPLIANCE Officer | 50 | $0 | $0 |
| DANIEL ESTAL | VP LENDING Officer | 50 | $0 | $0 |
| CHRISTINE BOOTH | VP OF MEMBER RELATIONS Officer | 50 | $0 | $0 |
| BONNIE BELFIELD | VP OF OPS OWNER ADVOCATE AND SECURITY Officer | 50 | $0 | $0 |
| ROCHELLE RUNGE | VP OF MARKETING AND DIGITAL ENGAGEMENT Officer | 50 | $0 | $0 |
| ROBERT BARLOW | VP OF COMMERCIAL & HL SALE Key employee | 50 | $0 | $0 |
| JENNIFER WILTON | AVP OF HR, TRAINING & COMP Highest-paid employee | 50 | $0 | $0 |
| MICHAEL WOODS | AVP OF FINANCE & ACCOUNTIN Highest-paid employee | 50 | $0 | $0 |
| LUCAS ST HILAIRE | ITO MANAGER Highest-paid employee | 50 | $0 | $0 |
| JAMES GIFFORD | HOME LENDING PROFESSIONAL Highest-paid employee | 40 | $0 | $0 |
| ROBERT HAYES | DIRECTOR OF CONSUMER LENDING Highest-paid employee | 50 | $0 | $0 |
| TIMOTHY TOUCHETTE | AVP OF OPERATIONS Former | 50 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 FACTORY ST, WATERTOWN, NY 13601-1958
- In care of
- % NORT
- Principal officer (990 for 2024)
- DANIEL W ST HILAIRE, 120 FACTORY STREET, WATERTOWN, NY 136011900
- Signed the 990
- NATHAN HUNTER CPACFE, CFO
- Phone
- (315) 779-3133
- Website
- WWW.MYNORTHERN.COM
- Return prepared by
- FIRLEY MORAN FREER & EASSA CPA PC
Mission
REGULATED BY THE NYS DEPARTMENT OF FINANCIAL SERVICES, WE PROVIDE BANKING SERVICES TO AN 8 COUNTY DEMOGRAPHIC.
Program accomplishments
- NORTHERN CREDIT UNION PROVIDES LOW-COST FINANCIAL PRODUCTS AND SERVICES INCLUDING ONLINE AND MOBILE BANKING, ACCESS TO OVER 30,000 FEE-FREE ATM'S AND 5,000+ SHARED BRANCH LOCATIONS. NORTHERN ALSO OFFERS LOW-INTEREST RATE LOANS AND COMPETITIVE DIVIDEND RATES ON CHECKING AND INVESTMENT ACCOUNTS AS WELL AS A WIDE VARIETY OF FINANCIAL PRODUCTS AND SERVICES DESIGNED TO HELP MEMBERS MAKE THE BEST FINANCIAL DECISIONS FOR THEIR FAMILIES.Expenses $41,961,934 · revenue $41,589,885
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 15-0580359
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $634,828,241
- Income (IRS master file)
- $43,809,321
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $43,569,599 | $41,961,934 | $634,828,241 | XML |
| 990 | December 2023 | $41,068,256 | $39,223,945 | $602,800,529 | XML |
| 990 | December 2022 | $33,941,010 | $30,587,809 | $598,798,438 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 15-0580359).
Questions about NORTHERN FEDERAL CREDIT UNION
- What is the EIN of NORTHERN FEDERAL CREDIT UNION?
- The employer identification number (EIN) of NORTHERN FEDERAL CREDIT UNION is 15-0580359.
- Is NORTHERN FEDERAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2020.
- Are donations to NORTHERN FEDERAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTHERN FEDERAL CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTHERN FEDERAL CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHERN FEDERAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTHERN FEDERAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names DANIEL W ST HILAIRE.
- Who are the officers and directors of NORTHERN FEDERAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 19 people; 2 received compensation from the organization, the highest $427,533 (DANIEL ST HILAIRE, CEO).
- How much revenue does NORTHERN FEDERAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $43,569,599, expenses of $41,961,934 and total assets of $634,828,241 at year end.
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