# NORTHERN
WATERTOWN, NY · NCUA charter 10578 · asset band $200-500M · latest filing 2018-09 · stopped filing after 2018-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/northern-10578

Who the members are: federal charter, multiple common bond, organized 1955. 30,215 members of 179,301 potential (16.9% of the field); checking penetration 81% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *liquidity-tight*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $247.6M |
| Members | 30,215 (1.0% YoY) |
| Full-time staff | 102 |
| Net worth | $19.1M |
| Net worth ratio | 7.7% (p3 of band) |
| ROA (annualized) | 0.59% (p32 of band) |
| Total delinquency | 0.47% (p41 of band) |
| Net charge-offs (annualized) | 0.31% (p38 of band) |
| Loans / shares | 100% (p90 of band) |
| Cash / assets | 2.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.32% (p97 of band) |
| Operating expense / assets | 6.32% (p99 of band) |
| Vehicles % of loans | 17% (p11 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 21% |
| Third-party paper % of net worth | 43% (p40 of band) |
| Vehicle delinquency | 0.19% (p15 of band) |
| Vehicle NCO | 0.42% (p37 of band) |
| Repossessed % of vehicle book | 0.00% (p22 of band) |
| Real estate % of loans | 68% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 7% |
| Commercial % of net worth | 49% |
| Core shares % of member funds | 93% |
| Certificates % of member funds | 1% |
| Average share balance | $3,307 |
| Participations bought / yr | $3.6M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $21,521 |
| Loans granted, annualized | $74.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **expense trap** (`earn_opex`)
- **loans>95% of shares** (`str_ltos`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | thin capital, capital below 7%, expense trap |  |
| 2016-06 | 3 | loans>95% of shares | capital below 7% |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 2 |  | loans>95% of shares |
| 2017-06 | 3 | net worth falling |  |
| 2017-09 | 3 | loans>95% of shares | net worth falling |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 4 | net worth falling |  |
| 2018-09 | 3 |  | net worth falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-27 [Attempted ATM theft under investigation in Croghan - WWNY](https://news.google.com/rss/articles/CBMiigFBVV95cUxOUktTb0tqcmNzMGFmdkxwUVlOeGxFRXAzaU1RWnd0SktUajNZZGsyQXM4UmdrTG4ycDc3WmstcXRsaHEwUmdiVGlFbGFOUTlIX0wydFdOWG50eTFhd0ZtUXFHbjhxQjNCa2ZtV0dTZ1p1NHQ5QWxhSFM1SHhHWUsxUFFVTzhfU3ZJd2fSAZ4BQVVfeXFMTUpnbk1ZcXg4NkJfUUhTMUpucUJzWjdyMkpmV0RzWjNhSWRJaldJLUt4LUJlblM1NlVCNUxMREktZ1VCcDVmM0JEN0tJQXZTY3c4TFAyRUQ5V0NZUExwVHNQUHVOZHk0bEQ3STJxSkp3c09fQVdLWFlPbHhXN2w3cllEdXhNTU04dkhxZkM0QjByeEFhY0cyeGRmaDZKVkE?oc=5) · WWNY
- 2026-08-31 [Northern Credit Union sponsors new Watertown arena name - InformNNY.com](https://news.google.com/rss/articles/CBMibkFVX3lxTFBxV3BvTVFIV2xPQUtaeDVyZVJJWk42SkpEVFN3bVNOUGpXeWNCVUx2TGlabnBlQTk3elpQU0FRbmRJeGdNVFVJRllsZVlQU05mZFUtU3JjcHUyelVRbVJmWXdxa2JtWXk3V1ZIMjFR0gFzQVVfeXFMTk5wUy10bkFQWHl1QkJmblYxVi1oOEd2bWVTU2dESHc5M1NRWmx3QmwxenJlVkQ5am55dG1mUXF1eU9ncUtUU0gzMDZqN3VLNTUyYWJkdFhidEdsd1dEZTFxMl9yRHYyT3c4WkZ3OE5NUS1CRQ?oc=5) · InformNNY.com
- 2026-03-18 [Northern Credit Union plans to open branch at former Watertown Red Lobster in 2027 - nny360.com](https://news.google.com/rss/articles/CBMi-wFBVV95cUxQTkphMG9NTHVFV3ZzT2NPVDd4ZnJnSkZheThybjlfT09JQ21HbHRBVGlhUnQ0VVhjYW9vM2xzemlvVkNFVUdxWWVqQ21XNVpsSzh1Znh3VTNLVlJpNjQ1QmlINzUzbU52NjQ1TTFoQlNTek1oWGtkN2FUUVF3UXYwTlpwbGVFSEE4dmNoZXl6Q3pRcnFlYUZNMXFrTDFMTl9qMHpzMWlsMEhXUTE0c1NXSkNBX2ptVG9fRUk5aHpISGxJSkZYSXhvRmwwUXFON0xtZ2VrOElrbEVfNXhOcDJIYlVwbUdiRnFXR0RUNnRnRnhRUEJuZkIzWFhKdw?oc=5) · nny360.com
- 2026-09-01 [Northern Credit Union and City of Watertown announce arena naming rights partnership - Newzjunky](https://news.google.com/rss/articles/CBMisAFBVV95cUxPNmhRRWZIS0hoRlhqMGpiQjVPNHFyYkZrVF9OdlpYVHd5QTlKWkNYc2MwNExOeUt1TEFyQm9IWV9uOVhXWG93MjB4NGNuUzdzRmg2X20zYXRiSl9ZUC1rS2wtUjBGU1VTcWdwV3dremNud1N5ZHBTdWJaYnBhV0NFRnppdG1jcEp5OHFZbXRpY0dDUXlUa3MyV3ZGdGQ0bUlzZUJMZ2psWDNFdnp6cG9VRQ?oc=5) · Newzjunky
- 2026-07-27 [REPORT: Apparent ATM theft at Lewis County ATM early Monday has authorities investigating - Flack Broadcasting](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNbEVKcUpsdmJhdWVaZFVraHpWQ0FwVVQwSkdZZGpzLXVwaGdTeFhSZUtlcDc4MHpWOGZGRmFMd1FvWVZIeEY5VDJMR3MxRFUxTTFtVUl1cUJZMVJ4SElEbFNHR3pOak9JQUszSWhUejV2Mzl0WUxFaGdIYVNkQzNVLXhaMkVjOS12dV9rY0hwZ2c5QWVEVVc0N0ZMRlFJd2RxcGpOX1FwMUYzVmtzcHVQcXRNU0V5aHNXVXdJX0NER3Y?oc=5) · Flack Broadcasting
- 2026-04-06 [Credit union to remain on Watertown’s Factory Street - WWNY](https://news.google.com/rss/articles/CBMihwFBVV95cUxQRGhqdmtsemkteS00enZrcWtYRTJfRG41cDZraXNGMnJsT2ZWZEdWQXhBcnhFdDRvd1VzbjdLdmk1WFFVWFhSVVhabnpncmh2Z0cyN3NfRUV1VVJLejBmQ3NUMl9BTTlsMVl4YnFDLU5BbkpxT0ZJanVzV0ViMWpIMkxBQmlpNzDSAZsBQVVfeXFMT0NWV0FHU1JOQ04xX0dGVGlpVjhoclVtckVvOXBpUDFxT0J5bHdMQ2E5OEU4WU41N0VsbEI2VG1SeDl1ZEtFZzBLMkRPb3Q0LTQtUUJRU1NoUG80SHNDU2ZrWWc5WC1hRGtlOXZDLVo4MlotZ0hlZTNMd24xQmNGUlBBLXpPdVpLMU9WSndTaXRlaEhfUThNd3k4Z0k?oc=5) · WWNY
- 2026-07-31 [Sheriff investigating failed hook and chain attack in Croghan, New York - ATM Marketplace](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQVVBsd0QtZkdmRFJ1RWhLMWVFMEtFRTdZVjZJaC1qRlpCYW5uelNtLVZCZDNrQUNmNG5vM2h4SkVFSHRpS3R0ZFlpZkwtaFRjVlR3dUJreUFYV08tWXJsVHRZWjlxTGU0X29YQm05aXdINFBEUGU4TmU2c1QxVzFGd2NnR0xyVnItQnlDaWQtcDMtelp5ck5DcXBBaDFfSm9ETGE4UWw5dFZoZmM?oc=5) · ATM Marketplace
- 2026-07-28 [Croghan Northern Credit Union branch closed briefly on Monday due to attempted ATM theft - InformNNY.com](https://news.google.com/rss/articles/CBMif0FVX3lxTE55VVNFMzU2SVBuZ3ozMUJsU0ZMbHg2WFVfeFdtX18wUnJ3UDVqQ3RrOFJjWVdia2t6S1JpVjBadjB3SWdCZEdkb0J3b3B0OE8zbjM5OTF6MUMzMjY3SlJzN3VfdmZzaGN0OWVVNnZ1Y2xQYXFyVjJGclZhQjh1WW_SAYQBQVVfeXFMUDUySXFpZjhJT3J3bHBRQ0dtTkVHdkIyTm9ITFhrbWhMTzVEekhGOFozaFJRX1phNW1GcTJhT1gzM3VlS1pyRVBCejV5Z093NEZFZ1pkSGIwdS1tRVJUbURqeTNzYWNjdkthYTZaSjRRZFhIcHRNYjA5VFlHX0dreUJtZUMy?oc=5) · InformNNY.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=10578 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/18.json (key "10578", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=10578
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide