# NORTHERN
WATERTOWN, NY · NCUA charter 68696 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/northern-68696

Who the members are: state charter, organized 1955, low-income designated. 45,187 members of 1,020,509 potential (4.4% of the field); checking penetration 87% (share draft accounts per 100 members); loans per 100 members 43.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $682.1M |
| Members | 45,187 (1.1% YoY) |
| Full-time staff | 161 |
| Net worth | $70.7M |
| Net worth ratio | 10.4% (p49 of band) |
| ROA (annualized) | 0.03% (p8 of band) |
| Total delinquency | 0.67% (p60 of band) |
| Net charge-offs (annualized) | 0.37% (p45 of band) |
| Loans / shares | 91% (p81 of band) |
| Cash / assets | 12.8% |
| Borrowings / assets | 1.68% |
| Net interest margin | 3.70% (p70 of band) |
| Operating expense / assets | 5.25% (p98 of band) |
| Vehicles % of loans | 11% (p13 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 23% (p26 of band) |
| Vehicle delinquency | 1.22% (p85 of band) |
| Vehicle NCO | 1.29% (p68 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 65% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 109% |
| Core shares % of member funds | 78% |
| Certificates % of member funds | 18% |
| Average share balance | $5,448 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $20.0M |
| Loans outstanding per 100 members | 43% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $28,183 |
| Loans granted, annualized | $146.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $20.0M outstanding purchased (28.3% of net worth), $857,173 sold and retained. Sold in 0 and bought in 5 of the last 8 quarters. Shares 4.9% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **expense trap** (`earn_opex`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2018-12 | 3 | thin capital, expense trap, loans>95% of shares |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 4 | net worth falling |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 3 |  | net worth falling |
| 2020-03 | 6 | capital below 7%, margin squeeze |  |
| 2020-06 | 6 | net worth falling | loans>95% of shares |
| 2020-09 | 6 | loans>95% of shares | net worth falling |
| 2020-12 | 5 |  | loans>95% of shares |
| 2021-03 | 5 | net worth falling | margin squeeze |
| 2021-06 | 4 |  | net worth falling |
| 2021-09 | 5 | loans>95% of shares |  |
| 2021-12 | 3 |  | capital below 7% |
| 2022-03 | 2 |  | loans>95% of shares |
| 2022-06 | 4 | delinquency rising, loans>95% of shares |  |
| 2022-09 | 4 | margin squeeze | thin capital |
| 2022-12 | 3 |  | margin squeeze |
| 2023-03 | 2 |  | loans>95% of shares |
| 2023-06 | 3 | net worth falling |  |
| 2023-09 | 1 |  | delinquency rising, net worth falling |
| 2023-12 | 2 | loans>95% of shares |  |
| 2024-03 | 3 | losing money |  |
| 2024-06 | 2 |  | losing money |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 |  |  |
| 2025-03 | 3 | net worth falling, losing money | loans>95% of shares |
| 2025-06 | 2 |  | losing money |
| 2025-09 | 1 |  | net worth falling |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | 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=68696 (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/24.json (key "68696", 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=68696
- 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.

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