2022-11-15T08:04:07-06:00 2021-12-31 161148763 FIRLEY MORAN FREER & EASSA CPA PC 125 EAST JEFFERSON STREET SUITE 920 SYRACUSE NY 13202 990 2021-01-01 150580359 NORTHERN CREDIT UNION NORT 3157793133 120 FACTORY STREET WATERTOWN NY 136011900 NATHAN HUNTER CPACFE CFO 3157793133 2022-11-15 1 NATHAN HUNTER CPACFE XXX-XX-XXXX JEAN R COLE P00542413 3154727045 2022-11-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DANIEL W ST HILAIRE 120 FACTORY STREET WATERTOWN NY 136011900 32180517 0 X WWW.MYNORTHERN.COM X STATE CHARTERED CREDIT UNION 1955 NY WE ARE DRIVEN TO IMPROVE THE FINANCIAL LIVES OF THOSE WE SERVE THROUGH EMPOWERMENT AND PERSONALIZED SOLUTIONS. 5 5 171 10 803728 0 0 0 14626374 17183428 83664 -199129 9993607 14528110 24703645 31512409 0 0 0 0 8757742 10437322 0 0 0 13926625 15463719 22684367 25901041 2019278 5611368 364371821 435001865 7248444 13836422 357123377 421165443 REGULATED BY THE NYS DEPARTMENT OF FINANCIAL SERVICES, WE PROVIDE BANKING SERVICES TO AN 8 COUNTY DEMOGRAPHIC. 0 0 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 LIVE THEIR BEST FINANCIAL LIVES. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 22 0 1 171 1 1 1 0 0 0 0 0 0 0 X 5 5 1 0 0 0 1 1 1 1 1 0 1 1 0 1 0 0 1 1 1 1 0 NY X NATHAN P HUNTER CFO 3157793133 120 FACTORY STREET WATERTOWN NY 136011900 X GARY ROWE CHAIR 1.00 X 0 0 0 GARY BAKER VICE CHAIR 1.00 X 0 0 5991 BRIAN ROBBINS SECRETARY/TREASURER 1.00 X 0 0 0 NICOLE DONALDSON DIRECTOR 1.00 X 0 0 0 LAUREN MCCARTHY DIRECTOR 1.00 X 0 0 0 DANIEL ST HILAIRE CEO 50.00 X 322970 0 40906 NATHAN HUNTER CFO 50.00 X 174707 0 29918 JESSICA RIDSDALE SVP OF HR/COMPLIANCE 50.00 X 0 0 0 DANIEL ESTAL VP LENDING 50.00 X 0 0 0 CHRISTINE BOOTH VP OF MEMBER RELATIONS 50.00 X 0 0 0 BONNIE BELFIELD VP OF OPERATIONS 50.00 X 0 0 0 ALEXA BENNETT VP OF MARKETING 50.00 X 0 0 0 ROBERT BARLOW DIRECTOR OF BUSINESS LENDI 50.00 X 0 0 0 ANDREW KASSIAN MORTGAGE ORIGINATOR 50.00 X 0 0 0 JAMES GIFFORD MORTGAGE ORIGINATOR 50.00 X 0 0 0 CHERYL SCHROY MORTGAGE ORIGINATOR 50.00 X 0 0 0 CYNTHIA WENTWORTH MORTGAGE ORIGINATOR 50.00 X 0 0 0 497677 0 76815 12 0 1 0 SYNERGENT PO BOX 1236 PORTLAND ME 04104 CONTRACTED SERVICES 1938190 ADT COMMERCIAL LLC 6700 THOMPSON RD SYRACUSE NY 13211 EQUIPMENT, SOFTWARE, AND SERVICES 1404049 HUEBER-BREUER CONSTRUCTION CO INC PO BOX 515 SYRACUSE NY 13205 CONSTRUCTION SERVICES 1080932 MERIDIAN IT INC 509 ERIE BLVD W SYRACUSE NY 13204 IT CONSULTING/NETWORK MONITORING 592020 SUPERIOR ENTERPRISES OF NORTHERN NY LLC 690 MAIN STREET GLEN PARK NY 13601 CONTRACTED SERVICES 420902 18 LOAN INTEREST RECEIVED 522100 17183428 17183428 17183428 39373 39373 429606 668108 -238502 -238502 -238502 FEE INCOME LESS REFUNDS 522100 11905471 11905471 OTHER OPERATING INCOME 522100 1818911 1818911 NON-MEMBER FEES AND COMMISSIONS 522100 751894 751894 51834 51834 14528110 31512409 30907810 803728 -199129 568501 7523528 593764 1097861 653668 131895 76896 616168 617674 1696399 1092895 19957 17216 1029262 1352608 114959 OFFICE OPERATIONS 5772607 OTHER 1037158 PROVISION FOR LEASE/LOA 893040 PROFESSIONAL & OUTSIDE 676010 318975 25901041 23620136 27838873 513601 532215 309182696 374287309 3534624 3570323 762149 762149 8426001 7609454 25320529 10112167 13725111 15208362 4607503 5193180 364371821 435001865 3048444 9636422 4200000 4200000 7248444 13836422 X 351896080 415566575 5227297 5598868 357123377 421165443 364371821 435001865 X 5611368 58430698 X X 0 1 X 1 0 0 0 2086726 2086726 12072839 2529169 9543670 756429 668255 88174 9996157 6914743 3081414 408378 408378 15208362 X PART X, LINE 2: THE CREDIT UNION COMPLIES WITH FASB ASC TOPIC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THERE WAS NO IMPACT TO THE ACCOMPANYING FINANCIAL STATEMENTS ATTRIBUTABLE TO THIS FASB ASC FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. X X X 0 1 0 DANIEL ST HILAIRE CEO 293162 0 11550 0 18258 0 27683 0 13223 0 363876 0 0 0 NATHAN HUNTER CFO 166834 0 0 0 7873 0 12605 0 17313 0 204625 0 0 0 SCHEDULE J, PART I, 4B ON APRIL 1, 2019 NORTHERN CREDIT UNION ENTERED INTO A SPLIT DOLLAR AGREEMENT WITH DANIEL WALTER ST. HILAIRE, CEO. THE FUNDING AMOUNT WAS $3,400,000 AND THE INTEREST ACCRUED AT AN ANNUAL RATE OF 2.89%. A SIGNED REPRESENTATION UNDER 26 C.F.R SEC. 1.7872-15(D)(2) REGARDING NONRECOURSE SPLIT DOLLAR LOAN WAS ATTACHED TO 2019 FORM 990. EFFECTIVE JUNE 1, 2020 THE ANNUAL INTEREST RATE DECREASED TO 1.01%. DURING 2020, NORTHERN CREDIT UNION PAID $485,715 PREMIUM AND THE LOAN ACCRUED $62,065 IN INTEREST. DURING 2021, NORTHERN CREDIT UNION PAID $485,714 PREMIUM AND THE LOAN ACCRUED $35,768 IN INTEREST. DANIEL ST HILAIRE CEO SPLIT DOLLAR LIFE INSURANCE X 3400000 3570323 0 1 1 3570323 FORM 990, PART VI, SECTION A, LINE 2 DANIEL ST. HILAIRE, CEO HAS A FAMILY RELATIONSHIP WITH DAN ESTAL, VP OF LENDING. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE THOSE WHO USE THE SERVICES OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A ANY VACANCY ON THE BOARD, CREDIT COMMITTEE, IF APPLICABLE, OR SUPERVISORY COMMITTEE WILL BE FILLED WITHIN A REASONABLE TIME BY VOTE OF A MAJORITY OF THE DIRECTORS THEN HOLDING OFFICE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. THE BOARD OF DIRECTORS ELECTS BOARD OFFICERS AT ITS FIRST MEETING WHICH HAS TO TAKE PLACE NO LATER THAN 7 DAYS AFTER THE ANNUAL MEETING OF THE MEMBERS. A SPECIAL MEETING OF THE BOARD MAY BE CALLED AT ANY TIME AND MUST BE DONE SO UPON WRITTEN REQUEST OF A MAJORITY OF THE DIRECTORS THEN HOLDING OFFICE. SPECIAL MEETINGS MAY BE CONDUCTED USING AUDIO OR VIDEO TELECONFERENCE METHODS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE 990 WILL BE REVIEWED BY CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 15 CEO HAS AN ANNUAL EXECUTIVE COMPENSATION REVIEW DONE ANNUALLY BY BOARD CONTRACTED CONSULTANT. OFFICERS AND ALL OTHER EMPLOYEES UTILIZE A MARKET RESEARCH TOOL "BALANCED COMP". FORM 990, PART VI, SECTION C, LINE 18 NCU WILL MAKE ITS 990 AVAILABLE UPON REQUEST AND IT WILL BE PUBLISHED ON GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN EACH OF THE BRANCH LOBBY'S MONTHLY. CONFLICT OF INTEREST STATEMENT AND GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PAGE 7, PART VII. COMP. TO OFFICERS & HIGHLY COMPENSATED EMPLOYEE COMPENSATION DETAIL FOR ALEXA BENNETT, ROBERT BARLOW, JESSICA RIDSDALE, DANIEL ESTAL, CHRISTINE BOOTH, BONNIE BELFIELD, ANDREW KASSIAN, JAMES GIFFORD, CHERYL SCHROY, AND CYNTHIA WENTWORTH ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERS SHARE ACCOUNTS 58,430,698. PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHERN FINANCIAL SERVICES LLC 120 FACTORY STREET WATERTOWN NY 13601 460647487 WEALTH MANAGEMENT NY -137116 15964 NORTHERN CREDIT UNION PERSONALIZED REAL ESTATE SOLUTIONS LLC 120 FACTORY STREET WATERTOWN NY 13601 842113523 REAL ESTATE BROKERAGE COMPANY NY -47694 156818 NORTHERN CREDIT UNION NORTHERN SERVICE ORGANIZATION INC 120 FACTORY STREET WATERTOWN NY 13601 REAL ESTATE HOLDING COMPANY NY NORTHERN CREDIT UNION C -28553 1811392 1.00000 1 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 0 NORTHERN SERVICE ORGANIZATION A 48244 INTEREST ON LOC AND MORTGAGE NORTHERN FINANCIAL SERVICES LLC A 9720 INTEREST ON LOC AND MORTGAGE NORTHERN FINANCIAL SERVICES LLC B 100 CAPITAL INVESTMENT NORTHERN SERVICE ORGANIZATION B 1461030 CAPITAL INVESTMENT PERSONALIZED REAL ESTATE SOLUTIONS LLC B 350000 CAPITAL INVESTMENT NORTHERN FINANCIAL SERVICES LLC D 354769 LOAN NORTHERN SERVICE ORGANIZATION D 762149 LOAN PERSONALIZED REAL ESTATE SOLUTIONS LLC D 1192 LOAN NORTHERN SERVICE ORGANIZATION K 109908 NCU LEASES FROM NSO NORTHERN SERVICE ORGANIZATION L 16165 PAYROLL, MANAGEMENT & ACCOUNTING NORTHERN FINANCIAL SERVICES LLC L 5516 PAYROLL, MANAGEMENT & ACCOUNTING PERSONALIZED REAL ESTATE SOLUTIONS LLC L 11196 PAYROLL, MANAGEMENT & ACCOUNTING NORTHERN SERVICE ORGANIZATION M 50500 FACILITIES FOR NCU NORTHERN SERVICE ORGANIZATION P 28952 PROPERTY TAXES NORTHERN SERVICE ORGANIZATION Q 9252 INSURANCE BENEFITS NORTHERN FINANCIAL SERVICES LLC Q 5692 INSURANCE BENEFITS PERSONALIZED REAL ESTATE SOLUTIONS LLC Q 5010 INSURANCE BENEFITS