Northern Federal Credit Union
Watertown, NY 13601 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $43,569,599 | $41,961,934 | $608,795,439 |
| FY2023 | $41,068,256 | $39,223,945 | $582,438,888 |
| FY2022 | $33,941,010 | $30,587,809 | $573,327,308 |
| FY2021 | $31,512,409 | $25,901,041 | $421,165,443 |
| FY2020 | $24,703,645 | $22,684,367 | $357,123,377 |
| FY2019 | $4,846,311 | $4,597,902 | $244,922,732 |
Form 990 filings
The returns filed by Northern Federal Credit Union (EIN 15-0580359), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $40,843,273 | 94% |
| Other revenue | $2,726,326 | 6% |
What the numbers show
- Program service revenue made up 94% of total revenue in FY2024.
- Net assets covered about 174.1 months of expenses at the end of the reporting year. That puts it in the 94th percentile among 418 Public & Societal Benefit organizations in NY.
- Total revenue was higher than 97.7% of 431 Public & Societal Benefit organizations in NY.
- Total revenue rose from $4,846,311 in FY2019 to $43,569,599 in FY2024. Revenue increased in 5 and decreased in 0 of 5 year-over-year comparisons.
- Revenue covered expenses in each of the 6 reported years, FY2019 to FY2024.
- Net assets grew from $244,922,732 to $608,795,439 between FY2019 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
WE ARE DRIVEN TO IMPROVE THE FINANCIAL LIVES OF THOSE WE SERVE THROUGH EMPOWERMENT AND PERSONALIZED SOLUTIONS.
IRS status
| Ruling year | 2020 |
| Subsection | 501(c)(14) |
| Program area (NTEE) | W61 — Public & Societal Benefit (in NY) |
Similar organizations
- Heritage Financial Credit Union — Middletown, NY · $43,533,935
- Black Veterans for Social Justice Inc — Brooklyn, NY · $36,350,316
- Lubetzky Family Foundation — New York, NY · $24,216,378
- Donald and Paula Smith Family Foundation Inc — New York, NY · $15,841,334
- Sunmark Credit Union — Latham, NY · $78,480,506
- American National Standards Institute — New York, NY · $100,661,155
- Association of Graduates of the United States Military Academy — West Point, NY · $124,882,349
- Center for Internet Security Inc — Clifton Park, NY · $126,259,286
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.