Average User Rating:1.5 star rating based on 5 reviews.
Northern Federal Credit Union
Northern Federal Credit Union Locations|
138 Factory Street Watertown, NY 13601 (315) 782-0155 www.mynorthern.com  |
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Northern Federal Credit Union is headquartered in Watertown and is the 47th largest credit union in the state of New York. It is also the 946th largest credit union in the nation. It was established in 1955 and as of March of 2013, it had grown to 82 employees and 27,499 members. Northern Federal Credit Union's savings rates are 3X the national average, and it has a 3-star health rating.
Northern Federal Credit Union Routing Number: 221380936
Related Posts
Northern Federal Credit Union (Premium Choice Checking) -- Rate Dropped From 4.51% To 4.26%... (Forum) - 1/7/2011
Same limit of $25K; the second tier dropped from 1.5% to 1.25%. Choice Rewards Checking has the same 1/4% drop: from (3.01%, $25K) to (2.76%, $25K). This is an extremely generous drop.
Northern FCU in NY Adds a Higher Paying Reward Checking Account - Local Only - 7/20/2010
There are a few institutions that offer more than one reward checking account. One has a higher rate, but it has more requirements. I just noticed Northern Federal Credit Union in New York State has d ...
High-Yield Checking Account at a New York CU (Northern FCU) - 3/14/2007
Update 4/04/09: The top yield has fallen to 3.51% APY. See bottom of post for the rate history.Northern Federal Credit Union is offering a 3.51% APY rewards checking account. The 3.51% APY applies to balances up to $25K. The yield for balances on the...
See Rates for: Checking | Savings | Money Market | CD | IRA
Northern Federal Credit Union Checking Account Rates
Northern Federal Credit Union Savings Account Rates
Northern Federal Credit Union Money Market Rates
Northern Federal Credit Union CD Rates
| Apy | Min | Max | Product | |
| 0.25% | $500 | - | 6 Month CD - Best | |
| 0.25% | $500 | - | 12 Month CD - Best | |
| 0.25% | $500 | - | 18 Month CD - Best | |
| 0.25% | $500 | - | 24 Month CD - Best | |
| 0.25% | $500 | - | 30 Month CD - Best | |
| 0.25% | $500 | - | 36 Month CD - Best | |
| 0.25% | $500 | - | 60 Month CD - Best | |
| 0.25% | $500 | - | 48 Month CD - Best | |
| 0.20% | $500 | - | 6 Month CD - Better | |
| 0.20% | $500 | - | 12 Month CD - Better | |
| 0.20% | $500 | - | 18 Month CD - Better | |
| 0.20% | $500 | - | 24 Month CD - Better | |
| 0.20% | $500 | - | 30 Month CD - Better | |
| 0.20% | $500 | - | 36 Month CD - Better | |
| 0.20% | $500 | - | 48 Month CD - Better | |
| 0.20% | $500 | - | 60 Month CD - Better | |
| 0.15% | $500 | - | 6 Month CD - Good | |
| 0.15% | $500 | - | 12 Month CD - Good | |
| 0.15% | $500 | - | 18 Month CD - Good | |
| 0.15% | $500 | - | 24 Month CD - Good | |
| 0.15% | $500 | - | 30 Month CD - Good | |
| 0.15% | $500 | - | 36 Month CD - Good | |
| 0.15% | $500 | - | 48 Month CD - Good | |
| 0.15% | $500 | - | 60 Month CD - Good |
Northern Federal Credit Union IRA Rates
| Apy | Min | Max | Product | |
| 1.00% | $75k | - | 5 Year IRA - Best | |
| 1.00% | $75k | - | 5 Year Roth IRA - Best | |
| 1.00% | $75k | - | 5 Year CESA - Best | |
| 0.95% | $75k | - | 5 Year IRA - Better | |
| 0.95% | $75k | - | 5 Year CESA - Better | |
| 0.90% | $75k | - | 5 Year IRA - Good | |
| 0.90% | $35k | $75k | 5 Year Roth IRA - Better | |
| 0.90% | $75k | - | 5 Year Roth IRA - Good | |
| 0.90% | $75k | - | 5 Year CESA - Good | |
| 0.85% | $75k | - | 3 Year IRA - Best | |
| 0.85% | $75k | - | 4 Year IRA - Best | |
| 0.85% | $75k | - | 3 Year Roth IRA - Best | |
| 0.85% | $75k | - | 4 Year Roth IRA - Best | |
| 0.85% | $75k | - | 3 Year CESA - Best | |
| 0.85% | $75k | - | 4 Year CESA - Best | |
| 0.80% | $75k | - | 30 Month IRA - Best | |
| 0.80% | $75k | - | 3 Year IRA - Better | |
| 0.80% | $75k | - | 4 Year IRA - Better | |
| 0.80% | $75k | - | 30 Month Roth IRA - Best | |
| 0.80% | $75k | - | 3 Year Roth IRA - Better | |
| 0.80% | $75k | - | 4 Year Roth IRA - Better | |
| 0.80% | $75k | - | 30 Month CESA - Best | |
| 0.80% | $75k | - | 3 Year CESA - Better | |
| 0.80% | $75k | - | 4 Year CESA - Better | |
| 0.75% | $75k | - | 2 Year IRA - Best | |
| 0.75% | $75k | - | 30 Month IRA - Better | |
| 0.75% | $75k | - | 3 Year IRA - Good | |
| 0.75% | $75k | - | 4 Year IRA - Good | |
| 0.75% | $75k | - | 2 Year Roth IRA - Best | |
| 0.75% | $75k | - | 30 Month Roth IRA - Better | |
| 0.75% | $75k | - | 3 Year Roth IRA - Good | |
| 0.75% | $75k | - | 4 Year Roth IRA - Good | |
| 0.75% | $75k | - | 2 Year CESA - Best | |
| 0.75% | $75k | - | 30 Month CESA - Better | |
| 0.75% | $75k | - | 3 Year CESA - Good | |
| 0.75% | $75k | - | 4 Year CESA - Good | |
| 0.70% | $75k | - | 2 Year IRA - Better | |
| 0.70% | $75k | - | 30 Month IRA - Good | |
| 0.70% | $75k | - | 2 Year Roth IRA - Better | |
| 0.70% | $75k | - | 30 Month Roth IRA - Good | |
| 0.70% | $75k | - | 2 Year CESA - Better | |
| 0.70% | $75k | - | 30 Month CESA - Good | |
| 0.65% | $75k | - | 18 Month IRA - Best | |
| 0.65% | $75k | - | 2 Year IRA - Good | |
| 0.65% | $75k | - | 18 Month Roth IRA - Best | |
| 0.65% | $75k | - | 2 Year Roth IRA - Good | |
| 0.65% | $75k | - | 18 Month CESA - Best | |
| 0.65% | $75k | - | 2 Year CESA - Good | |
| 0.60% | $75k | - | 18 Month IRA - Better | |
| 0.60% | $75k | - | 18 Month Roth IRA - Better | |
| 0.60% | $75k | - | 18 Month CESA - Better | |
| 0.55% | $75k | - | 18 Month IRA - Good | |
| 0.55% | $75k | - | 18 Month Roth IRA - Good | |
| 0.55% | $75k | - | 18 Month CESA - Good | |
| 0.50% | $75k | - | 1 Year IRA - Best | |
| 0.50% | $75k | - | 1 Year Roth IRA - Best | |
| 0.50% | $75k | - | 1 Year CESA - Best | |
| 0.45% | $75k | - | 1 Year IRA - Better | |
| 0.45% | $75k | - | 1 Year Roth IRA - Better | |
| 0.45% | $75k | - | 1 Year CESA - Better | |
| 0.40% | $75k | - | 1 Year IRA - Good | |
| 0.40% | $75k | - | 1 Year Roth IRA - Good | |
| 0.40% | $75k | - | 1 Year CESA - Good | |
| 0.30% | $75k | - | 6 Month IRA - Best | |
| 0.30% | $75k | - | 6 Month Roth IRA - Best | |
| 0.30% | $75k | - | 6 Month CESA - Best | |
| 0.25% | $75k | - | 6 Month IRA - Better | |
| 0.25% | $75k | - | 6 Month Roth IRA - Better | |
| 0.25% | $75k | - | 6 Month CESA - Better | |
| 0.20% | $75k | - | 6 Month IRA - Good | |
| 0.20% | $75k | - | 6 Month Roth IRA - Good | |
| 0.20% | $75k | - | 6 Month CESA - Good |
Rates updated: 6/18/2013
Data for Q1 2013
Institution Statistics
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Institution Health
Overall Score:
3 out of 5 
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Northern Federal Credit Union - Premium Choice Checking ; Top Tier Rate Dropped From 4.26% To 3.76%
- Stewie - Friday, April 1, 2011 - 10:48 AMFrom the website, 0.5% drop accross the board, effective April 1st.....No Joke.......Not even funny!
3.76% APY* on balances up to $25,000 - (Was 4.26%)
0.75% APY* on balances from $25,001 to $50,000 - (Was 1.25%)
0.25% APY* on balances over $50,000 - (Was 0.50%)
6
Do Not Do Business With Them
- tazoop - Wednesday, October 19, 2011 - 11:11 AMI got an account with this bank not long ago and a friend did as well. I have found that they are rude, condescending and supervisors do not return calls. I had multiple problems with Kathy, a supervisor in Adams and tried repeatedly to contact her supervisors and they never bothered returning the calls. The bank obviously does not care about its members.
4
5 Isolated Incidents Explain Why NFCU Is TERRIBLE
- thisisk - Wednesday, May 25, 2011 - 12:52 PM1. Charged a fee twice for less than $5 in my savings account when they shouldn't have because the account is set up for an auto loan.
2. Tried to withdraw $500 from a NFCU ATM using another banks card. Because there was a charge for this from NFCU and the daily allowed limit is only $500 it wouldn't allow the transaction. The ATM recorded that I had indeed recieved the money when I actually hadn't. They blamed it on the other bank but it was their ATMs problem. They refused to balance their ATM to find the balance was $500 because they only do it once a week; not banking standard by any means. They would not make an exception. They did find the $500+ in their ATM balance.
3. Wouldn't cash a reimbursment check for $10 because it was written on a company Key Bank check. Said I was a "new" customer, in-fact I've been one for three years. They said I could deposit it without putting a hold on it first. I did have money in my account to cover this amount.
4. Making an auto loan payment with a debit card from another bank with my wifes debit card. They ran it through and check the name on the card after the transaction. Then they told me they had to void it out because my name wasn't on the card.My wifes name is on our NFCU account though. The money was then on-hold at my other ban.
5. Every time I switch my auto insurance policy I have to bring in paperwork to prove it. In the most recent case, I provided paperwork directly from my insurance company and they told me it wasnt enough. I then had to work with their 'headquarters' or an outsouced brance in TEXAS? Two months had gone by before it got straigtened out and they were charging me $30 extra per month for a policy they bought to protect 'themselves'. After all this, I recieved a call that everything was fixed. I asked what my payment would be next month and apparently it would be $20 higher than before even though they had refunded the amount of the additional insurance. They took another two days to figure this out.
2
Dissatisfied Member Of NFCU
- Anonymous - Thursday, January 12, 2012 - 10:10 AMI had multiple issues with my auto loan through Northern Federal Credit Union. Every time I went to have this issue resolved, the women that I spoke with were very rude. I was told "sorry I don't know how to help you" and that was as far as their resolution went until I spoke with a manager. I would like to mention that I have never been late on any account nor I have ever overdrawn an account. This issue was finally resolved 2 years later.
1
Nationwide Savings Accounts
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3-year Term IRA CD
1.21% APY
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1.21% APY
* All banks listed are a Member FDIC.
Do Not Bank With This Institution Unless You Enjoy Encountering Problems Every Time You Need
Do not bank with this institution unless you enjoy encountering problems every time you need information or a document. Do not deal with this institution unless you enjoy banks that add fees and rules after you have an established account. This bank is awful.